Freedom Score™Improves your Long-Term Planning pillar by ~35 pts.
What's my Freedom Score? →

Kids Savings Goal

Are they on track to hit their goal?

Set a target, current balance, and monthly contribution. See projected balance, months to goal, and the monthly amount required to hit target on time.

$3,068

projected in 5 yrs

Target: $5,000

Goal & contributions

Progress

Projected balance

$3,068

Shortfall

$1,932

Months to goal

96

Required $/mo

$54

On track?

Not yet

Freedom Coach™

Short by ~$1,932 — need ~$54/mo to hit goal.

At the current pace, they'll reach $5,000 in ~8 years.

  • Match their save-bucket 50%: for every $10 they save, add $5. It teaches saving beats spending fast.
  • Reroute half of birthday/holiday gift money to the goal — kids barely miss it.
  • A high-yield savings account for kids adds $80–$200/yr vs a 0.01% big-bank account.

Premium

Save scenarios & unlock all tools

Save one goal per kid, track progress over time, and share progress screens with the family.

Unlock Premium

Frequently asked questions

What's a good first savings goal for kids?

Concrete, achievable, and personally meaningful: a bike ($200–$500), a game console ($300–$500), a first car ($3k–$8k), or college launch fund ($1k–$5k). Success on one goal builds the habit.

Where should we keep their savings?

A high-yield kids savings account (Alliant, Capital One 360 Kids) pays 3–4% APY vs 0.01% at big banks. Match their savings 50% for the first year to jump-start motivation.

Should birthday/gift money go to the goal?

Split it: 50% to their goal, 50% to spend now. All-in-savings kills motivation; all-in-spending misses the compounding lesson.

What if they lose interest halfway?

Renegotiate the goal, not the habit. Let them redirect saved money to a new, more exciting goal — the discipline of saving is what you're teaching.

When should I open a real bank account for them?

Age 8+ can understand statements. Age 12+ can benefit from a debit card + app (Greenlight, Copper) that visualizes progress.

Free email series

Get personalized guidance

Join our email list for tailored tips, milestone nudges, and new calculator releases.

No spam. Unsubscribe any time.