KOHO makes it easy to save a little every day for something big—or small. Whether you're saving for a trip, a new gadget, or just want a rainy day fund, Goals help you get there without overthinking it.
A Quick Note on How Goals Work
When you set a Goal, KOHO moves a small amount from your Spendable balance into Goal Savings automatically. You choose how much and how often. You can take money out of your Goal at any time.
Important: When you cash out a Goal, your Spendable will increase, but you won't see a record of the cash out in your transaction feed. This is expected behaviour as this is considered "internal money movement."
Before You Start, Know These Terms:
Spendable: What KOHO suggests you can spend without touching your savings.
Total savings: The combined amount in your Goals, RoundUps, and Vault.
Total balance: The total amount of all funds held in your KOHO account (Spendable + Vault + RoundUps + Goals)
🙋 Important to note: The distinction between your Spendable balance and your Savings balances (RoundUps and Goals) is a visual separation. While these appear as separate balances in your KOHO app, they're all part of one unified balance for transactions. For example, if you have $10 Spendable, $5 in RoundUps, and $2 in a Goal, a $17 purchase will automatically draw from your RoundUps and Goals balances to complete the transaction.
How to Set Up a Goal:
In the KOHO app, tap Discover > Save > Goals > "+" to start a new Goal.
Give your Goal a name.
Choose how much you want to save.
Just a heads-up: your Cover balance can’t be used to fund a Goal.
Pick a date you want to reach your Goal by.
(Optional) Add money to it right away.
Review your Savings Plan—here you can tweak how often and how much you save.
Decide what KOHO should do if you ever miss a scheduled contribution.
What If You Don’t Have Enough for a Daily Contribution?
You can pause your Goal, change your schedule, or add money whenever you want. You’re always in control.
How do I edit or delete a Goal?
In-app, go to the Discover tab > Goals > and select an existing Goal. You can select the Goal Settings in the top right-hand corner and adjust, pause, or delete the goal as needed 👍