How to Set Savings Goals on Neon
Last updated May 8, 2024
Saving money is an essential part of financial planning, and setting clear savings goals can help you stay motivated and focused on achieving your financial objectives. With Neon's intuitive tools and features, you can easily set and track your savings goals to make your financial dreams a reality. In this guide, we'll show you how to set up savings goals on Neon and start working towards your desired milestones.
Step-by-Step Guide:
- Access the Savings Goals Feature: Log in to your Neon account and navigate to the savings goals section. You can usually find this feature in the budgeting or savings tab of your dashboard.
- Create a New Savings Goal: Click on the "Create New Goal" or "Add Goal" button to begin setting up your savings goal. You'll be prompted to enter details such as the goal name, target amount, and target date for achieving your goal.
- Specify Goal Details: Provide a descriptive name for your savings goal to easily identify it. Next, specify the target amount you aim to save and the deadline or target date by which you want to achieve your goal.
- Select Funding Source: Choose the funding source for your savings goal from your linked accounts or designate a specific account where you'll be depositing your savings contributions.
- Set Up Automatic Contributions: Opt to set up automatic contributions to your savings goal to make saving effortless. You can choose to contribute a fixed amount regularly or set up recurring transfers based on your preferred schedule (e.g., weekly, bi-weekly, monthly).
- Track Progress: Once your savings goal is set up, you'll be able to track your progress towards achieving it. Neon will display your goal progress as a percentage, showing how much you've saved relative to your target amount.
- Adjust Goals as Needed: Life circumstances may change, affecting your ability to save or the timeline for achieving your goals. Feel free to adjust your savings goals as needed, whether it's updating the target amount, extending the deadline, or creating new goals altogether.
- Celebrate Milestones: As you make progress towards your savings goals, take the time to celebrate your achievements along the way. Whether it's reaching a savings milestone or successfully completing a goal, acknowledging your progress can help keep you motivated and inspired to continue saving.
By following these simple steps, you can set up savings goals on Neon and take proactive steps towards achieving your financial aspirations. Whether you're saving for a dream vacation, a down payment on a home, or an emergency fund, Neon's savings goal feature makes it easy to turn your financial goals into reality. Start setting savings goals today and take control of your financial future!