How to enter loans

FamilyMint is organized and focused first and foremost on SMART goals.  You can use this setup to track very simple loans.  Here's how:


Create a new goal in FamilyMint called something like "$50 loan from dad".  This will keep the loan front and center as a visible reminder every time your child logs in.


Set the goal amount to $50.


If you want to, also set target amount to save per week, or the target date for payback.


As your child saves money for this goal, the progress bar will give them a visual indication of the percentage saved.


Once your child saves up the $50, just have her enter a Withdraw transaction to pay you back, and then delete the goal.

That's it!


Article is closed for comments.
Powered by Zendesk