New * Manage Goal Contributions - If your goal tool has tiles

  • Updated

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.
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With the Manage Goals panel on the right, 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 Savings Goal button on the right side panel to open the monthly contribution window. mceclip1.png
2. Click mceclip2.png
3. Enter your new contribution amount and click save. mceclip3.png
4. You will see the new goal reflected in the goal summary at the bottom of the window. The projected date will also automatically update. mceclip4.png
If you have multiple goals and would like to change their priority: 
1. Click "Reorder" on the right side of the screen. mceclip5.png
2. Then simply click and drag the goals to change the order. 
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 on the Debt Goal button on the right side panel to open the monthly contribution window. mceclip6.png
2. If you would like to apply additional funds to your monthly contribution dedicated to paying off your debts. Click mceclip7.png, enter your new amount and click save. Notice that the projected payoff dates will update automatically. 

If you would like to change the way you are prioritizing your debts, simply click the drop down on the right. mceclip8.png
This will default to “Fastest Payoff First.” You can also choose “Highest Interest First,” “Lowest Balance First,” and “Highest Balance First.”

 

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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