Fund Goals let you set a target amount for any of your funds in Weekly, along with an optional target date for when you want to reach it. The app automatically calculates how much you need to contribute each week to hit your goal and tracks your progress along the way.
Read the article below or watch the video for a walkthru.
What Are Fund Goals?
Fund Goals turn “someday” savings into concrete plans with specific targets and timelines. Instead of wondering “When will I actually have enough saved for that vacation?” you’ll see exactly how much to save each week and when you’ll reach your goal.
When you set a Fund Goal, Weekly:
- Calculates your required weekly contribution based on your target amount and date
- Shows your progress with a visual progress ring
- Tells you exactly how many weeks are left until you hit your target
- Gives you options to adjust if you fall behind or get ahead of schedule
How to Set Up a Fund Goal
- Create a New Fund or Tap “Edit” in an existing fund
- You’ll see the option to add a goal
- Enter your target amount (how much you want to save)
- Optionally add a target date (when you want to reach your goal)
Weekly will immediately calculate how much you need to contribute each week to hit your target.
How Fund Goals Work Week by Week
Every week, Weekly guides you toward your goal:
- Your weekly contribution is automatically deducted from your Safe-to-Spend
- Your fund balance increases by the contribution amount
- The progress ring fills up as you get closer to your target
- The “weeks left” counter counts down to your goal date
This happens automatically each week as part of your regular budgeting cycle.
Tracking Your Progress
When you open a fund with a goal, you’ll see:
- A progress ring showing how close you are to your target
- Your current balance vs. your target amount
- The number of weeks left until you’re scheduled to hit your goal
- Your weekly contribution amount
What If You Get Ahead or Fall Behind?
Fund Goals are flexible and adapt to your real life:
If You’re Ahead of Schedule
Weekly gives you two options:
- Reduce your weekly contribution and still hit your original target date
- Keep contributing at the same rate and reach your goal even sooner
If You Fall Behind
You can get back on track by:
- Adjusting your target date to give yourself more time
- Increasing your weekly contribution to catch up and meet your original date
Weekly makes it easy to see your options and choose what works best for your current situation.
Reaching Your Goal
When you hit your Fund Goal, Weekly celebrates with you! You’ll get a cheerful notification acknowledging your achievement.
After reaching a goal, you can:
- Set a new goal to keep building the fund (for example, increase your emergency fund from $1,000 to $2,000)
- Set your contribution to $0 so the money you were contributing flows back to your Safe-to-Spend instead
Tips for Using Fund Goals
Start with your Emergency Fund. Even a modest goal of $500-$1,000 can give you serious peace of mind, and seeing exactly when you’ll get there makes it feel achievable.
Be realistic with your target dates. It’s better to set a conservative timeline and get ahead than to set an aggressive goal and constantly feel behind.
Review and adjust as needed. Life changes, and your Fund Goals can change with it. Don’t be afraid to adjust your target date or contribution amount when circumstances shift.
Use multiple Fund Goals. You can set goals for different funds simultaneously—an emergency fund, vacation savings, and holiday gifts can all have their own targets and timelines.
Frequently Asked Questions
Do I need to set a target date?
No, the target date is optional. You can set just a target amount, and Weekly will show your progress without a countdown. However, adding a target date helps Weekly calculate your required weekly contribution.
Can I change my goal after setting it?
Yes! You can edit your fund goal at any time by tapping into the fund and selecting Edit. You can adjust your target amount, target date, or weekly contribution as your situation changes.
What happens to my fund if I don’t set a goal?
Funds work perfectly fine without goals. You can continue to contribute to a fund on any schedule you choose without setting a specific target. Fund Goals are simply an optional feature to help you reach specific savings targets.
Can I have a Fund Goal without weekly contributions?
Yes. You can set a target amount to work toward even if you’re not making regular weekly contributions. This is helpful for tracking progress on savings goals where you contribute irregularly.
Fund Goals is available now in the latest version of Weekly. If you haven’t updated the app yet, head to the App Store and grab the update.