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Goals & debt

In development

Save for something. Pay something off.

Set a target and a date and SolvMoney works out the monthly contribution. Point it at a credit card instead and it compares payoff strategies, estimated interest and the date you would be clear.

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All features/Goals & debt payoff
The idea

Designed around the way money works in real life.

01

The contribution, calculated

Give SolvMoney a target and a date and it tells you what you need to put aside each month to get there.

02

Snowball or avalanche

Compare paying the smallest balance first against paying the highest interest first, with the total interest for each shown side by side.

03

On track, or not

Every goal carries a plain status with a figure behind it, so at-risk means something specific rather than a red icon.

What is planned

A status for every capability.

These are product plans, not a promise that a capability is available today. Dependencies and limitations are shown with the relevant item.

Goals & debt payoffIn development

Savings goals with target dates, and payoff plans for cards and loans.

Savings goals

  • Multiple goals at onceIn development
  • Target amount and target dateIn development
  • Required monthly contribution, calculatedIn development
  • Allocate an existing balance toward a goalIn development
  • Progress tracking with contribution historyIn development
  • On-track or at-risk status with the reasonIn development
  • Projected completion dateIn development
  • Emergency fund goal with a months-of-expenses targetIn development
  • Goal priority orderingIn development
  • Fund several goals from one accountPlanned
  • Link transactions to a goal automaticallyPlanned
  • Include investment growth assumptionsClearly labelled as an assumption-driven estimate wherever it appears.Planned

Debt payoff

  • Payoff goals for cards, loans and mortgagesIn development
  • Outstanding balance trackingIn development
  • Snowball and avalanche comparisonIn development
  • Estimated interest over the payoff periodIn development
  • Estimated payoff dateIn development
  • Model an extra paymentIn development
  • Payoff progress over timeIn development
  • Apply a payoff plan to your budgetPlanned
Known boundaries

What to expect from this area.

  • Payoff dates and interest totals are estimates calculated from the balance, rate and payment you enter. Your lender's figures are the ones that count.
  • SolvMoney does not make payments or transfer money into a goal. It tracks and plans; you move the money.
Related areas

Continue exploring.

Budgeting

Budgeting & spending

Set a limit per category or one flexible spending target, then watch it against what you actually spend. When a category runs over, SolvMoney shows you where the money went instead of just turning the bar red.

Forecasting · Plus

Forecasting

Project net worth, income and expenses forward from your real balances, change the assumptions, and compare two futures side by side. A planning tool for decisions you cannot easily reverse.

Cash flow & reporting

Cash flow & reporting

Income against expenses by month and by year, broken down by category, merchant and account. Every chart drills through to the transactions underneath it, so a surprising number is one click from an explanation.

A clearer picture starts here

Explore the sample interface.

See how the concepts in this feature area fit together in one sample household.

Explore the preview