Peak Wealth

How do I create a savings goal?

In the money plan, give a pot a target amount and a date. Peak Wealth then shows how much you need per month and whether you're on track.

1. 01Open Peak Money and choose “Plan”.
2. 02Choose a pot such as vacation or emergency fund.
3. 03Enter the target amount and date.

How does Peak Wealth know my accounts?

Peak Wealth reads your money plan from Peak Money: accounts, savings accounts, investment accounts and debts with their transactions. It stores nothing of its own; whatever you change there, you see here right away.

How does Peak calculate the emergency fund?

Checking account and savings accounts divided by your average spending over the last three full months. Below three months, Peak Wealth shows it as a decision at the top. Investment accounts don't count, because they fluctuate.

Why do emergency fund or savings rate say “Still open”?

Peak Wealth only uses booked figures from your money plan and estimates nothing. The emergency fund needs one full month of booked spending, the savings rate needs income in the last three full months. The net worth history starts with your first full month. Until then it says “Still open”.

1. 01Open Peak Money and choose “Plan”.
2. 02Record income and spending on your accounts.
3. 03After the first full month, Peak Wealth fills in emergency fund and history; after three months with income, the savings rate as well.