7 min read

Setting Up Your Financial Goals

How to create goals, understand inflation-adjusted future values, and read your SIP allocation.

1
Navigate to the Goals page
Click "Goals" in the left sidebar. You will see a list of all your current goals and a button to add a new one.
2
Click "Add Goal" and choose a goal type
Choose from: Emergency Fund, House, Car, Education, Wedding, Retirement, Travel, or Other. Each type uses the appropriate inflation rate automatically (e.g., Education uses 9%, general goals use 6%).
Always set up your Emergency Fund goal first. It is the foundation of every financial plan.
3
Enter the present cost
Enter what this goal would cost if you had to pay for it today. For example, if you want to buy a car worth ₹10L now, enter ₹10,00,000. FUMONEY will inflate this to the target year automatically.
4
Set the target year
When do you want to achieve this goal? Pick the year. FUMONEY calculates the inflation-adjusted future cost and the monthly SIP needed to reach it.
If the target year is less than 3 years away, equity SIP may not be appropriate. Consider debt instruments for short-term goals.
5
Set priority
Assign a priority number (1 = highest). FUMONEY's SIP allocation engine funds your highest-priority goals first from your monthly surplus. Lower-priority goals show a 'Not Funded' or 'Stretch' badge if surplus is insufficient.
6
Review your SIP allocation
After saving the goal, scroll to the SIP Allocation section on the Goals page. Each goal shows: • Allocated SIP — what FUMONEY has allocated from your surplus • Required SIP — what is mathematically needed • Feasibility Tag — On Track / Stretch / At Risk / Not Funded
If a goal is 'Not Funded', consider pushing the target year further, reducing the present cost, or increasing your income.