Creating a savings goal

Set a target amount, pick a goal type and currency, and choose how progress is tracked: contributions you add by hand, linked accounts, or both.

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A goal is a savings target, like an emergency fund or a trip, that you fund over time. You create goals from the Goals page in the sidebar.

Create a goal

  1. Open Goals from the sidebar.
  2. Click Create Goal.
  3. In Goal Name, type a name, for example "Emergency Fund".
  4. Optionally, add a Description (Optional).
  5. In Goal Type, choose Savings, Debt Payoff, Investment, Emergency Fund or Other.
  6. In Target Amount, enter the amount you want to reach. It is required and must be greater than 0.
  7. In Currency, pick the currency the goal is counted in, such as CAD or USD.
  8. If you have already saved part of it, enter that in Current Amount (Optional).
  9. Optionally, choose accounts under Link Accounts (Optional) and a Target Date (Optional).
  10. Save the goal.

Choose how progress is tracked

A goal's progress comes from two sources, which add up:

  • Contributions you add by hand. On the goal, click Add Contribution, then enter the Contribution Amount, the Contribution Date and, if you like, Notes (Optional). Quick Add gives you preset amounts.
  • Linked accounts. The balance of each account you link counts toward the goal. This suits a goal such as an emergency fund kept in its own savings account. Balances in another currency are converted into the goal's currency.

A linked account counts no matter which account group it belongs to.

Debt Payoff goals

When you pick Debt Payoff, the amount field becomes Total Debt: enter the debt you want to bring to $0. The starting amount field becomes Amount Paid Off (Optional). As you make payments, record them with Add Contribution.

Adding a target date

A target date is optional. With one, Mozaic compares your progress with the time elapsed and shows how much you need to put aside each month. Without one, the goal simply shows how far along you are. See the related article on goal progress for details.

Edit or delete a goal

  • To change a goal, open it for editing. The dialog is titled Edit Goal and has the same fields.
  • To remove it, choose Delete Goal and confirm. A message confirms "Goal deleted successfully".

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