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A savings goal tracks one total amount you want to reach. It is different from a spending budget. A budget shows how much remains available to spend. A savings goal shows how much progress you have made toward a finish line.
A $10,000 savings goal means save $10,000 total. It does not mean $10,000 per month or per year.

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Create the goal

1

Open Savings goals

Open Budget, then choose Savings goals. Select New savings goal.
2

Name the goal

Use a name you will recognize, such as Vacation, Emergency fund, or New laptop.
3

Enter the savings target

Enter the total amount you want to reach. A new goal starts at $0 unless you add progress after creating it.
4

Add a target date if you want a pace

The date is optional. If you add one, Miyo estimates the monthly amount needed to reach the remaining total by that date.Without a date, Miyo still tracks your progress but does not invent a recurring contribution.
5

Choose an icon and color

These choices help you recognize the goal. Select Create goal when the details look right.

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See how progress works

Suppose you create a Vacation goal with a $10,000 savings target:
EventSavedProgressRemaining
Goal created$00%$10,000
You contribute $200$2002%$9,800
You contribute another $800$1,00010%$9,000
Miyo calculates progress as amount saved divided by the savings target. A contribution increases the amount saved. It does not reset at the start of a new week, month, or year.

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Goals and budget targets answer different questions

Savings goal

Question: How close am I to one total finish line?Example: Save $10,000 for a vacation.

Budget category target

Question: How much should I assign or keep available for this spending category?Example: Keep $1,000 available for car repairs.
Use a budget category target when you want recurring Add another or Refill available behavior. Those options do not apply to a savings goal.

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Update the goal

Open the goal to select Add contribution, edit its total or date, pause it, or resume it. Miyo marks the goal complete when the saved amount reaches the savings target.
Miyo tracks organization and projected pace. It does not transfer money between bank accounts when you create a goal or add progress.