Plan how to split money across your goals
Set a monthly amount and decide what share of it goes to each goal, then see when each goal could be reached.
If you save towards more than one goal, Allocation plan helps you decide how a monthly amount would be divided between them. It shows what each goal would receive and when each one could reach its target at that rate.
Allocation plan may not be available on your account yet. If you do not see it, there is nothing you need to do.
Allocation plan is a plan for your own reference. Finsplore never moves money, so you make the transfers yourself.
Before you start
You need at least one active goal. If you have none, Allocation plan shows No active goals yet and a New goal button. See Create a goal.
Set your monthly contribution
- On Allocation plan, next to Monthly contribution, click Edit amount.
- Enter the amount you could put towards your goals each month. If you enter zero or less, Finsplore asks you for an amount greater than zero.
- Click Save.
Add a rule for a goal
A rule says how much of your monthly contribution one goal receives. Each goal can have one rule.
- Under Rules, click Add rule.
- Choose the Goal.
- Under Split by, choose Percentage or Fixed amount.
- Enter the percentage or the amount. Below the field, Finsplore shows what that comes to each month.
- Click Add rule.
Percentages across all your goals cannot add up to more than 100%. The Percentage field tells you how much is left to allocate.
If every active goal already has a rule, the Add rule button is hidden.
Read your plan
Once you have a rule, the top of the page shows how your contribution would divide, for example $500/mo split between your goals by name. Underneath, it tells you one of these:
- Fully allocated.
- An amount shown as unallocated, if the rules add up to less than your contribution.
- That the plan allocates more than your contribution, if the rules add up to more. Lower a rule or raise your contribution.
Each rule shows the goal, its share (for example 40% of contribution or Fixed amount) and the monthly amount that comes to. It also shows a timeline:
- At this rate, projected to reach around a date.
- Already at target.
- A note that the goal is saved in a different currency from the plan, so its timeline cannot be projected without a conversion.
Change or delete a rule
To change a rule, click Edit on it, change how you split or the value, and click Save changes. You cannot change which goal the rule belongs to. To move it to another goal, delete the rule and add a new one.
To remove a rule, click Delete and confirm. This only removes it from your plan. Nothing was ever transferred, and your goal is not changed.
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