Monthly Savings

On the  ⁠⁠Savings and Budgeting⁠  page, you learned how to allocate money manually to your savings categories.
If you want to make your savings more consistent and automatic, you can use the Budget Assistant to set up a monthly savings target.
To learn more about the Budget Assistant in general, see:  ⁠⁠Using the Budget Assistant⁠ .


Using the Monthly Saving Target

Let’s say you want to allocate $500 every month to the Emergency Expenses category.
To set this up:
    Make sure you are on the Budgeting page.
    In the Savings category group, click No target in the row of the Emergency Expenses category.
    In the Budget Assistant dialog, open the Target type dropdown list and select Monthly saving.
    Enter 500 in the Amount needed field.
    Click Save.


What This Achieves

Setting up this target ensures that:
  • The Budget Assistant automatically suggests budgeting $500 every month.If less than $500 is allocated, it calculates and shows the missing amount.
  • You won’t forget to allocate money to the Emergency Expenses category.
  • Your savings grow steadily over time.