How do Savings Goals work? How do I set them up?

Savings Goals allow your family to set aside money for a specific purpose and track progress towards reaching that goal. They can move money from other approved Spend Controls or their Savings into Savings Goals at any time! 

If they decide they want to spend money from their Savings Goals, they’ll need to send you a request in the Greenlight app to have that money moved.  

If you have set up Parent-Paid Interest for your kids, it will be applied to any money in a Savings Goal and any interest earned will be deposited directly to that Savings Goal!

To create a new Savings Goal:

1. From the Greenlight app, tap their dashboard
2. Tap the arrow under “Accounts”
3. Tap “Save”
4. Tap on "Add a Savings Goal"
5. From the Savings Goal screen, input what the goal is for, the amount, and if you’d like have  Round Ups turned on to be sent to this Savings Goal
6. Tap "Save" and you are good to go!

To edit a current Savings Goal:

1. Navigate to your child or older adult’s “Saving” section
2. Tap the pencil in the top right corner to edit the goal
3. From this screen you can change:
   • The name of the Savings Goal 
   • The goal amount
   • Adjust Round Ups
   • Make the goal private
   • Delete the Savings Goal.

To add money to one of your family’s Savings Goals:

1. From the Greenlight app, tap their dashboard
2. Tap the arrow under “Accounts”
3. Tap “Save”
4. Tap on the Savings Goal you’d like to add money to
5. Choose “Move $ In”
6. Choose where you’d like the money to come from and the amount you’d like to add
7. Tap “Move” to complete the process
8. Their Savings Goal balance will update automatically!