Manage Goal Contributions and Priorities - If your goal tool has circles

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Now that you’ve created some goals, you should determine what kind of monthly contribution makes sense for each goal. This will affect when each goal will be achieved.mceclip0.png

With the mceclip1.png feature, you can adjust the size of your contribution to each goal type and determine the priority of goals within a specific type.

contribution is the amount of money that you plan to allocate each month to an overall goal type. The priority is the order in which that contribution will be applied to each goal within a particular type.

Your monthly contribution will be applied to whatever goal has the highest priority. When that goal is achieved, the contribution will be applied to the goal with the second-highest priority and so on.

 

To adjust your contribution and priority for savings goals:
1. Click on the mceclip2.png button on the top right.
2. Click  mceclip4.pngClick the pencil icon on the top left of the window that appears and enter a monthly contribution.
3. Click mceclip5.pngon the right to adjust the priority of multiple savings goals.
4. Click and drag the goals into the order you prefer.
5. Click mceclip6.png

Debt goals are managed differently. You contribution is an amount in addition to your minimum payments for each debt.

To adjust your contribution and priority for debt goals:
1. Click the mceclip1.png button.
2. On “Debt Payoff.” Click the pencil icon on the top left and enter a monthly contribution. mceclip8.png
3. Click the dropdown menu to the right to reorder debt priorities.
mceclip9.png
This will default to “Fastest Payoff First.” You can also choose “Highest Interest First,” “Lowest Balance First,” and “Highest Balance First.”

To adjust your contribution to your retirement goal:
1. Click the mceclip2.png button.
2. Click “Retirement.”
3. Click the pencil icon on the top left and enter a monthly contribution. You will have only one retirement goal, hence you won’t need to determine a priority.


To learn more about the Goals tool, watch the quick clip here.

 

Disclaimer: The functionality of this software varies depending on which financial institution you use. Not all content in this help center will apply to your experience.

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