How to create a new goal

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Have something you want to save for, or a debt you want to pay off? Here's how to create a goal with a target date so you can see how much to put aside and whether you're on track.

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Rule of thumb: Use a goal when you have a target date. For a regular set-aside like KiwiSaver or an emergency fund, mark an expense category as savings instead. Read How savings categories work.

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1. A quick overview

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Goals are for milestones with a finish line, like a house deposit or paying off a loan. You'll add a name, dollar value, target date, and how often you want to save. You can link accounts so the balance updates automatically, or enter the current balance yourself.

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Once it's created, the goal card shows your progress, how much to put aside each period, and whether you're on track, behind, or off track.

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2. Adding a new goal

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On the Goals screen, tap Add a new goal. If your plan has a goal limit, you'll see the upgrade screen instead.

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3. Enter your details

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On the Add a goal screen, enter:

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• 1. Name
• 2. Goal dollar value - if the goal is to pay off a debt, set this to $0
• 3. Target date
• 4. Frequency - daily, weekly, fortnightly, or monthly. We use this to work out how much to put aside each period

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4. Link an account or enter the balance

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Next to Link to an account?, tap Yes or leave it as No.

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• Yes - pick one or more accounts. Their balances become the current balance for the goal, and stay up to date automatically. You can select more than one account for a single goal. When you're done, close the account list to return to the add goal screen.
• No - enter the Current balance yourself. You'll need to update this if the amount changes.

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5. Personalise

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Tap next to Personalised colour to pick a colour, then tap Personalised emoji to add an emoji.

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6. Finish adding the goal

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Tap the green Add goal button. You'll land back on the Goals screen, where the new goal shows your progress, target date, the amount to put aside each period, and your status.

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For a fuller walkthrough of status badges, archiving, and how goals show on the dashboard, read Goals feature overview.

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You're all ready to go 🎉

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Woohoo! You've just created your first goal. If you run into any issues while setting everything up, feel free to get in touch with us at hello@budgetbuddie.co.nz

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