Visualizer: Estimated future balances, plus savings calculator functionality

  • Idea
  • Updated 1 year ago
  • Under Consideration
It'd be nice if the visualizer showed an estimation of the future progress of a goal, according to current APY and monthly contributions. Where will the goal be in a couple months? A couple years?

Additionally, it'd be great if this view of the future was also able to display the difference that changing the monthly contribution or making an extra one-time contribution would make to the goal's progress. What will it do for my goal's progress if I add some extra money I've got sitting in my checking account? What if I start contributing an additional $50 each month?

As an example, here's a savings calculator which I've lately been using to answer these questions for myself. A very useful feature with this calculator is how it has two data series, which allows me to easily compare directly between savings schedules.

This functionality would also be very useful when viewing the page for creating/modifying a goal.
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Nick

  • 25 Posts
  • 1 Like

Posted 6 years ago

  • 11
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Mike Ferrari, Co-Founder

  • 303 Posts
  • 24 Likes
Official Response
Nick,

This is exactly the type of input we need for this area of our site. Although it is not a high priority for us, it is absolutely something we will be addressing soon.

Again, many thanks! You've given us some great ideas to think about.

Mike Ferrari, co-founder