Hey Versa fam! 👋 What are you saving up for next? A dream holiday? A new car? An emergency fund?
Whatever your target is, we want to help you reach it faster. In fact, people who take the time to set specific financial goals and track their progress are 3.7 times more likely to successfully reach them (Charles Schwab, 2024)!
To help you get there, we’ve completely upgraded the app to give you powerful new tools to set up your personal goals, track your daily progress, and crush your milestones with ease. Here are the two biggest game-changers waiting for you in this update:
🎯 Multiple Goals, One Fund: Want to save for a “Japan Trip” and an “Emergency Fund” using the exact same Versa product? Now you can!
🤖 One Auto Save to rule them all: You can now fund multiple goals using just a single Auto Save Plan. Less banking clutter, more seamless progress!
Here is a quick look at how to navigate your new multi-goal journey:
🌟 Step 1: Dreaming Big (Setup & Tracking)
Getting started is easier than ever. Give your money a clear mission!
✨ Set your targets: Pick your preferred fund, name your goal, and set your target amount and timeline.
📈 Visualize your progress: Keep an eye on your journey with our new, beautifully designed progress trackers!
⛽ Step 2: Fueling Your Goals (Funding)
Ready to build that momentum? Here is how to keep your balances moving in the right direction month after month.
🔗 Automate your success: Easily link (or unlink) your goals to an Auto Save plan so you never miss a beat.
💸 Top up anytime: Got a bonus? Do a quick manual Cash-In directly into your active or completed goals.
🔀 Shift your funds: You can instantly transfer money from your General (non-goal) balance right into a specific Goal!
🏆 Step 3: Reaping the Rewards (Managing & Cashing Out)
Life happens, priorities shift, and eventually, you hit your targets! Here is how to access your funds or keep your momentum going when a goal ends.
⚠️ The Golden Rule for Goal Breaking: To keep your savings momentum safe, you cannot cash out or switch funds directly from a Goal. Instead, you simply “break” the Goal! Breaking a Goal instantly moves your funds back to your General balance. From there, you can leave your funds to stay invested and keep growing, or cash out anytime.
🔄 Bonus: Any Auto Save plans initially linked to your Goal won’t be canceled. They will seamlessly shift to grow your General balance automatically every month!
🎉 Cash out a win: Hit your target? Break the completed Goal to shift your funds to your General balance, then withdraw to celebrate (or leave it there to keep earning!).
⏳ Ran out of time? No stress: Didn’t hit your target amount before your deadline? That is completely okay! Just break the expired Goal to safely move everything you did save into your General pool.
🛑 Change of plans: Need to pivot early? Breaking an active Goal simply retires the tracker and safely returns those funds back to your General balance.
