Setting goals

Goals give you a clear, visual overview of how you are doing with your savings. On this page you can set specific goals for existing or new settlement accounts and deposits, keep an eye on them as you work towards achieving them and motivate yourself in doing so. You can set yourself as many goals as you have reasons for saving.

Getting started with saving is easier than ever

Making a start when it comes to saving up for something is often the hardest part. But setting yourself goals in the Financial Planner makes it easy, because you choose what you want or need to save up for. Based on surveys showing the kinds of things most people in Estonia save up for, we’ve put together some goals as examples. These will help you think about what is the most important for you at the moment when it comes to saving. Of course, you can always set yourself a number of goals at the same time.

Visual overview of goals

Once you have set yourself a goal, you can take a look at how you are coming along at any time. For example, if you are putting a bit aside each month towards changing the floors in your living room, you should take a look at the Financial Planner each month to see how much you’ve saved. If you click on a goal you’ll get a graphic overview of your progress – a line representing how much you planned to save originally and how much you have actually saved so far.


How do I go about setting a goal?

  1. Choose the category of your goal
    Choose the category that best suits your goal. Are you saving for a rainy day? Do you need to make payments on your car? Are you looking to make some other big purchase? If none of the categories seem right, simply choose Custom. Think hard about what the most important goal of saving for you is in the long-term.
  2. Give your goal a name
    What are you saving for? Whatever it is you want or need, put it into words – that way it is much more rewarding keeping an eye on how you are doing. For example, you could use the make and model of the car you want, or the type of TV you are dreaming about, or just describe what it is you are saving for.
  3. Select the way you will go about achieving your goal
    Do you know exactly how much you will need to save in order to achieve your goal? Or have you worked out how much you will need to put aside each month to get what you want? Perhaps the most important thing is saving up what you need by a specific deadline. Choose whichever way works best for you, and the Financial Planner will calculate the most feasible way for you to achieve your goal.
  4. Choose your accounts or open deposits
    Whether you achieve your goals or not depends on the balances of the accounts you have tied them to. You can link your goals to any settlement account or deposit. For example, if you link your goal to two deposits each of which has 200 euros in it, you are 400 euros closer to achieving your goal. Naturally, every fluctuation in balance in your account or deposit means moving closer to or further away from your goal. If you wish, you can open a new deposit without any fuss when setting yourself a new goal.
  5. Keep an eye on how you’re doing
    Once you have set yourself a goal, it is important to keep an eye on how you are coming along with it. Try to keep up with the schedule you have established and put aside at least as much as you have indicated you need to for each of your goals. Use budgets, too. Do your best to stick to them and look for additional ways of saving on the transactions page.
  • Can I link one account to a number of goals?

    No – each account you have can only be used for one goal. However, you can add a number of accounts to each goal. An account is freed up for other goals if you detach it from another goal or once you achieve the goal it was linked to.
  • Can accounts be added to a goal later on?

    Yes – selecting the accounts linked to a goal is one of the options in Details for each goal. You can change other goal details in the same way.
  • Can I use the money that is linked to a goal?

    Only accounts are linked to goals. The actual money is held in the account or deposit, and you can use it as before, regardless of your goals. But you should bear in mind that closing a deposit, withdrawing funds from it or spending money in your settlement account will reduce your goal value, i.e. how much you have saved.
  • How is the goal value calculated?

    The goal value is calculated by adding together the account balances of all of the settlement accounts and deposits linked to a goal.
  • How long can the deadline I set myself for a particular goal be?

    You can save for a goal for up to 99 years.
  • How come I cannot see the amount I have saved?

    The line indicating how much you have saved only appears after the first period of saving has passed (e.g. one month). Until then you will only see the goal value.
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