The calculation that matters
You set the target and the date. Fider divides what is left by the months remaining and gives you the number you actually need.
Savings goals
A goal with a date stops being a wish
Saving without a target is hard to sustain. With a figure and a date, the question stops being whether you can and becomes how much per month.
Several goals at once
The trip, the emergency buffer and the deposit coexist without mixing, each with its own progress.
Goals per wallet
A personal goal and a tax reserve for your business are different things, and here they live in different wallets.
A worked example
You want 6,000 € for a trip in August, it is January and you have 1,200 € saved. 4,800 € to go over 7 months: 686 € a month. If in April, with 2,058 € already saved, a bonus lands and you put 1,500 € aside, 1,242 € remain over 4 months: Fider recalculates and the instalment drops to 311 €. The number is always today's, not the one from the day you created the goal.
Why the order within the month matters
If you set the goal aside on payday, you spend what is left for the rest of the month. If you wait until month end, you set aside what is left over, and there almost never is any. Fider deducts goals from your available money from day one so Today shows what you can really spend.
- Set up your own transfer to a card-free account on payday.
- The goal counts as committed money, not as free balance.
- A month where you fall short does not break the goal: it recalculates and carries on.
Typical goals and how long they take
An emergency fund of three months of expenses usually takes one to two years at 10% of salary. A 20% deposit on a 200,000 € flat is 40,000 € plus costs, and at 700 € a month that is almost five years. Seeing it in months changes the decision more than any advice.
Frequently asked questions
How much should I save each month?
It depends on the goal and the date: what is left divided by the months remaining. As a general reference, the 50/30/20 rule suggests 20% of net income for savings and debt.
Can I have several goals at once?
Yes. Each goal has its own target, date and progress, and all of them are deducted from the month's available money.
What if I fall short one month?
Nothing breaks. Fider recalculates the monthly instalment over the months left and shows you the new number.
Do goals need a separate bank account?
Not required, but it helps: a card-free account with an automatic transfer on payday is the simplest way not to spend the goal.
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