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How to Set Up Savings Goals

When it comes to saving and budgeting, it can get complicated very fast. You can conveniently set, track, and manage your goals online with our savings goal tool.

With online banking, savings goals allow you to save up for life’s most important events without the added financial stress. Become the boss of your finances by allocating funds for your personalized financial goals. Multiple goals can be setup per account – let’s say you are saving up for a car and for an upcoming vacation. No problem. Whatever your goals may be, we give you the tools and support to achieve your financial dreams.

Calendar with Dollar Sign Icon

In this article, we will go over how to set up a savings goal online. Goals need to be set up online, but you can manage and track their progress on the Alltru CU app.

To set up a savings goal:

Step 1: Log into your online banking account.

Step 2: Once in dashboard, select the widget labeled Savings Goals from the options on the left-hand side.

Step 3: You’ll need to select a savings account in which you’d like your goal to be associated with. Once you decide on an account, choose New Goal located on the right side of the corresponding account. For example, in the below photo they would set up their goal for High Yield Online Savings by selecting the box outlined in green.

Step 4: Your screen should look similar to the photo below. In this step, you will be asked to give details about your goal.

  • Begin by Naming the goal and assigning a Category of your choosing.
  • Next, enter the amount of money you’ll need to save in order to reach your goal in Amount.
  • In Target Date, enter the end date that you wish to complete your goal
Note: You may edit these selections at any time.

Based on the target date, the system will generate the average amount needed monthly to reach your specific goal.

How to Add Funds:

At this point you should have created your savings goal(s). To successfully save for your goal, you’ll need to allocate funds towards it. This can be done in 3 different ways:

  1. Deposit funds directly from the account linked to the savings goal.
  2. Transfer funds from a different account to the account linked to the goal.
  3. Reallocate funds from a different goal.

To choose any of these options, select Add Funds in the Goal Progress Bar.

Your goal is all set, happy saving! You can manage your goals and track their progress via the online banking portal or on the Alltru CU App.

Whether your goal is small, big, long, or short-term we want to help get you there. Don’t hesitate to contact us with any questions you may have or call us at (636) 916-8300.