We designed Goal Planning around the SMART Goal Method:
Dreams are things we wish for. Goals are things we work for.
Common Goals we all need to have:
Building an emergency fund (Save up to three months of income)
Saving for our next car (Save enough to pay for your next car)
Saving for Retirement (There are few sources of support for retirement: Savings, Social Security, possibly a Reverse Mortgage and Pensions (not available to many these days) ).
Save to help our kids pay for College (For this there are multiple sources of funding, grants, scholarships, etc., so your savings should be part of the solution not the whole solution)
Funding your Goals
Goal Planning is designed for you to set savings goals backed by your income and to quickly determine if a goal can be reached. Not sure if you can afford the new apartment or house payments? Can you afford to save for college tuition? Use goal planning to see exactly how your available income stacks up.
Is your goal out of reach? With our system, you’ll know exactly what it will take to make your goal. You can adjust the monthly amount, rate, years to goal, or amount saved until all of your goals are on track.
Goal Planning requires a funding source to be identified when setting up a goal. This ensures the goal is doable under the SMART method. Below is a snap shot of Goal Planning.
Achieving Your Goals
This system is designed for planning, funding and achieving financial goals of all kinds following the proven SMART method.
This is where you plan, adjust and achieve your goals following the proven SMART method.
Adjusting Your Goals
Over time your goals may change maybe you will go on vacation sooner or later or maybe you want to invest more toward your next car, this system allows you to adjust your Goal with the same variables you established it, below is the Goal Planning setup and modify form, this is where you setup the goal and modify the goal over time.
When you fund a goal through your spending plan the system will pull in what is being saved from the spending plan (Monthly or Annual sections), when it is funded by a direct deposit from a paycheck you need to get what is being saved each month from your paycheck.