What are goals?
Savings goals are here to help you reach your financial targets intelligently.
We'll automatically suggest a Rainy Day Fund ☔️, but Oportun can help you save towards anything from a dream vacation to splurging on gifts for the holidays.
How can I combine goals or move funds between them?
Set & Save members cannot move money between goals at this time. You would first need to withdraw funds from a goal to your linked checking account, then save the funds manually to your other goal when they post.
Being able to transfer money between goals directly is a request we hear a lot, and something we hope to have available soon.
Editing and deleting goals
1) Under the Set & Save tab, tap into your goal
2) Tap the gear icon in the upper-right corner
3) On the next screen, choose Edit goal
4) Make the changes that you'd like, then tap Save goal
5) Or, tap Delete to delete your goal and stop saving towards it
2) Tap the gear icon in the upper-right corner
3) On the next screen, choose Edit goal
4) Make the changes that you'd like, then tap Save goal
5) Or, tap Delete to delete your goal and stop saving towards it
Deleting goals will automatically return any saved funds back to your linked checking account (available in 1-5 business days).
Savings settings and controls
You can set some additional controls on individual goals to either increase, slow down, or temporarily hold off on saving. Just tap on the gear icon on your goal's screen to bring up your goal's settings to get started.
See also: For Set & Save members: How to save more comfortably from a linked bank account
Boost saving
Boosting allows you to prioritize goals so that more funds are added to them when Oportun allocates save amounts.
For example, if you had 3 goals and Oportun thought it could safely save $6 that day, each goal would get $2 allocated towards it. But, if you Boosted one of those goals, the two non-Boosted goals might get $1.50 each, and the Boosted goal would get $3 added to it.
Only goals without end dates can be Boosted. This is because the rate and how aggressively a goal saves is determined by how soon the goal ends.
To boost a goal:
1) Under the Set & Save tab, tap into your goal
2) Tap the gear icon in the upper-right corner
3) On the next screen, choose Boost saving
2) Tap the gear icon in the upper-right corner
3) On the next screen, choose Boost saving
Pause saving
Pausing a goal will stop saving for it indefinitely until you tap Resume saving. You can pause as many goals as you'd like.
To pause automatic savings for all savings goals:
1) Under the Set & Save tab, tap the gear icon in the upper-right corner
2) Tap the toggle for Pause all savings to turn it on
3) The Pause all savings toggle will be green to indicate it is on, grey indicates that it is off
Set max daily savings
When maximum daily savings is enabled, savings towards your selected goal will not exceed the amount you enter on a given day. For example, if you'd like to have a goal not save more than $1 daily, setting your max amount to $1 will achieve that.
If you have savings paused for a goal, you won't be able to set a max daily save amount until you resume saving.
To set a max daily savings amount for a goal:
1) Under the Set & Save tab, tap into your goal
2) Tap the gear icon in the upper-right corner
3) On the next screen, choose Set max daily savings
4) Enter the maximum amount that you’d like saved on any one day
2) Tap the gear icon in the upper-right corner
3) On the next screen, choose Set max daily savings
4) Enter the maximum amount that you’d like saved on any one day
Recurring Goals
A new feature is coming soon where you can create recurring goals for any expenses you have and we’ll start saving for them. On the deadline you set, we’ll automatically transfer the money saved for that goal back to your linked checking account and start saving again for the next savings period. Recurring goals can make saving for your budget easier and help you feel less stressed about life’s expenses, for example: saving for rent due once a month or saving for an annual vacation.
When creating a goal or editing an existing goal, you’ll have the option to set the goal as Repeating. After setting a frequency, target amount, and deadline for your recurring goal, the goal will be set to start automatic savings and automatic transfers back to your linked checking account based on your settings.
Once your recurring goal’s deadline is reached, we’ll automatically transfer your goal’s balance back to your linked checking account. Even if your target amount isn’t reached by the deadline, we’ll still transfer your full goal balance back to your linked checking account. Since transfers can take 3-5 business days to post back to your checking account, we suggest setting a deadline that works best for you considering this timeline.
Creating a recurring goal
- Tap the + Create goal option for Set & Save and select what you want Oportun to help you achieve
- Tap the green option for Repeating and select the frequency, target amount, and deadline
- Tap the black button for Save goal and confirm the recurring goal
Setting an existing goal to be recurring
- From the Set & Save goal that you want to set as recurring, tap the gear icon in the upper-right corner
- Tap Edit goal, tap the green option for Repeating, and select the frequency, target amount, and deadline
- Tap the black button for Save goal to confirm the recurring goal
Once the deadline is reached, even if the target amount isn’t reached, all savings for that goal will be automatically transferred back to your linked checking account and will post within 3-5 business days.