Create an automatic savings event
I would like to create an event (or multiple) that triggers a specific saving; for example,
- Each time my cashflow is positive (spending less, then earning), I want to transfer the cashflow amount to my savings account.
- Each time I go to Starbukcs, I transfer 1 euro into my savings account.
- At the end of the month, transfer my positive cashflow into my (default) savings account.
Note (from Cake): We can imagine all sorts of events; for example transactions, location, temperature, etc. Let us know what type events you would like us to look into?
Joeri Lissens commented
I agree. The recurring day of the month and the amount that will be left in the account, should be selectable by the user (depending on rent/...).
Next level would be to further automate these variable savings into buying predetermined stocks/bonds/etf’s/...
AdminPeter (Head of Product, Cake) commented
I would like to automatically transfer money into one of my savings accounts. For example, at the end of the month, transfer my positive cashflow into my (default) savings account.