Targets
A target tells the app how much a category needs and when. Whether you're covering recurring bills, paying off debt or saving for something big, targets show you what still needs funding, feed the allocation suggestions and power Projections.
Set up a target
- On the Budget tab, tap the category.
- Tap the Settings button (the gear) at the top of the sheet.
- Under Target setup, turn on Target.
- Choose the Type and fill in the fields for that type (see below).
You can also create a target from the Targets list (New target), where you first pick the Category.
Types of targets
Day-to-day expenses
"Allocate funds for recurring costs — Like groceries or gas, weekly, bi-weekly, or monthly."
Choose a Period and an Amount:
| Period | What it's for | Extra field |
|---|---|---|
| Weekly | A set amount each week, for example $200 every Monday for groceries. | Rollover day: the day of the week |
| Twice a month | Begins on the 1st and rolls over mid-month. | |
| Monthly | A fixed monthly sum for regular costs like rent or utilities. | Day: the day it's due, or Any day |
| Every two months | Less frequent bills and expenses. | |
| Annually | Yearly payments or subscriptions, for example $1,000 for insurance every June. | Rollover month |
| Custom | Your own schedule. | Due on (the first due date) and Repeat (every so many months, or Never) |
Get out of debt
"Allocate extra funds each payment cycle — Systematically reduce debt & regain control."
Choose a Payment frequency (Monthly, Twice a month, Weekly or Every two months) and the Amount per payment. Tap Debt calculator to see how long it will take to pay off the debt and how extra payments cut the interest. See Credit cards and Large debts.
Savings
"Define an end sum, due date (if needed) — Incrementally grow your funds, perfect for major buys."
Enter the Amount you want to reach and, optionally, an End date. For example, $5,000 for a holiday in 12 months. When you set an end date, you can also turn on Dynamic savings target: "It factors in any lump sum or extra savings to lower what you need to save each month."
On-going savings
"Put aside a fixed sum each month without an end goal — Watch your nest egg grow effortlessly."
Enter the monthly Amount. Good for an emergency fund or general savings.
Snooze a target
Had a month where a target doesn't apply? Turn on Snooze this month in the target's settings. The target is skipped for the current month and shows "Snoozed this month".
Follow your progress
Once a category has a target, its row on the Budget tab shows how much you've allocated of the target ("$1,600.00 allocated of $1,800.00"), and its colour and icon tell you whether it's funded. Open the category to see the Target summary, with messages such as "Making progress — Keep going, $50.00 more to reach your target" or "Awesome job — You've hit your target".
All your targets in one place
Open the menu (the ☰ button at the top left of the Budget tab) and choose Targets to see every target in your budget.
- Group them by Target type or Category group.
- Sort them By priority (targets due soonest first), By amount, Category name or Category order, ascending or descending.
- Tap a target to edit it, or tap New target to add one.
- Tap Will I have enough money to cover all my expenses? to open Projections.
When you edit a target from this list, some targets also have Carryover balance: "Offset next month's allocation with carryover balances. This will apply to all periods." See Carry over amounts.
Fund your targets
When you have money to allocate, the Budget health check helps you fund your targets:
- The arrow on the "left to allocate" line opens Allocation suggestions, with your overspending, upcoming transactions and targets. Turn on Sort targets by priority to see the most urgent first, and Show completed targets to include completed and snoozed ones.
- The lightning button opens Auto allocation. Smart allocation covers overspending first, then upcoming transactions, and finally allocates to targets by priority.