Savings Goals
Whether it's for your next vacation, a new car, or your financial future: Saving is important, but not always easy. As soon as the money is in your account, it feels like it's gone again. Often, it's hard to keep track. With the savings goals of Outbank, saving becomes easy, and you have a complete overview.
Create a new Savings Goal
- Start a new savings goal:
- In the iOS app: tap the '+' icon in the Tab Bar and select 'Savings Goal'
- On Android: Open the 'Reports', tap or click on the '+' sign and select 'Savings Goal'.
- In the macOS app: open the 'Reports' > 'Savings Goals Card' and click on the '+' sign. - Select the icon that best represents your savings goal.
- Set a name for the savings goal.
- Specify the target amount you want to save.
- Add relevant tags and categories.
Note:
- At least one category or tag is required for your savings goal.
- All transactions with the selected category and/or tag will contribute to your savings goal. Therefore, for specific savings objectives, we recommend creating the appropriate categories or subcategories. - Select the accounts that you want to include in your savings goal.
- If you enable notifications for the savings goal, Outbank keeps you updated about your progress. You will receive push notifications when you reach key milestones: 15%, 50%, 80%, and when you hit 100% of your savings target.
- Once saved, you can monitor your progress in the 'Savings Goals Card' within the Reports section. Here, you'll find an overview of all your savings.
New Balance Field in List of Transactions:
When you set up Savings Goals, you'll see a new balance field in your transaction lists displaying your account balance minus your savings goals — just to make sure you don't spend your savings on something else.
Edit existing Savings Goals
- Open the reports.
- Select the savings goals card.
- Select the savings goal you want to edit.
- Tap 'Edit' on iOS and macOS or tap the 'pen' icon on Android.
- Tap ‘Show Connected Transactions’ to see all transactions included in your savings goal.
Delete or Archive Savings Goal
- Open the reports.
- Open the savings goals card.
- Select the savings goal.
- Archive / Activate: With the ‘Archive / Activate’ button, you can archive and reactivate savings goals. The active and archived savings goals are displayed separately in the savings goal overview.
- To delete a savings goal, simply tap the Delete button.
On iOS and Android you can also swipe left on the savings goal in the overview to delete it. On macOS you can use the context menu to quickly delete a savings goal.