What is a Shared Goal?
Shared Goals are a great way to save socially.
Whether you’re saving for a wedding with your partner, a vacation with the family, or a party with your colleagues, you can set up a Shared Goal to save together.
Shared Goals with Qapital are similar to Savings Goals, with the added bonus of being able to reach your goal quicker, see who’s saving and how much you’ve saved together.
How do Shared Goals work?
Like most Qapital Goals, your savings for Shared Goals are powered by Rules.
Each saver can choose their own Rules. They can choose to set up a recurring deposit, or a Rule that’s based on the way they spend. Everyone can contribute to the Goal in a way that they feel comfortable.
Shared Goal savers can only withdraw the funds that they’ve contributed. Savings are pooled together, but no saver can withdraw the full amount. This ensures your savings are protected.
Once you’ve reached your target amount, you can withdraw your individual savings using the regular withdrawal process.