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Saving up for big buys

Nov 17, 2014 12:07AM EST

Is there a functionality that allows me to save up for big buys?

What I would like to see is a budget item I can create that saves some dollar amount of money each month (but just keeps it in my checking or savings account) and gets bigger each month. And then whenever I spend something in that category (plane tickets, new furniture) it then subtracts. This way I can save up for something and know how much I am saving. It also wouldn't completely screw up my budgets whenever I make a big purchase.
I've seen something like this on other finance tracking websites, but HelloWallet doesn't seem to have one.

Best Answer

HelloWallet Support Answer

Nov 17, 2014 03:18PM EST
Emily
HelloWallet Support

Great suggestion! I will be happy to pass this suggestion along to our product team.

We do have a similar feature now in Spending Guidance called the Wish List. You can access this by going to the Guidance page and then the Spending tab. You can add the purchase to the Wish List and input how much you expect to spend on the transaction. We will compare this amount to your total savings account and give recommendations on when you have enough savings to make the purchase.

Please let us know if you have any other suggestions, we are always making updates based on user feedback!

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