Congratulations! You’ve created a Twine account and linked goals with a partner. You’re on your way to financial collaboration nirvana. Whether you are long-time pros—or saving together for the first time—Twine was built to make things easier. Great choice.
The most important thing to remember is that you’ve already accomplished the hardest part—getting started. With smart goals, careful planning, and hard work—you can set yourself up for success. We’re here to help.
This guide will help the two of you get the most out of Twine.
– Your Dashboard
– Your Shared Goals
– Your Saving Strategy
– Accomplishing Your Goals
When you set up your Twine account, you selected a goal that was important to the both of you. As two busy savers and/or investors, you may only have a few moments to check in on your progress. Twine is designed to display your goal and balance on the first screen you see upon login.
As you add multiple goals, they’ll stack on your dashboard—allowing you to quickly review the well-groomed list of things your future selves will enjoy.
Since you’ve set up a shared goal, you’ll see a tiny Twine logo next to your goal name. To help differentiate in the dashboard, solo goals appear without the logo.
Wait—solo and shared goals…in the same dashboard…is this a recipe for disaster?
Every relationship is different. What works for you may be different than what works for that nice couple across the hall. Linking accounts at the goal level enables different collaboration strategies. For example:
- You might be sharing a vacation goal, but would prefer to save for a car on your own. The two of you can access, contribute, and track the progress of your trip funds. Only you can see your car goal.
- You may choose to work on every goal together. In this case, starting only shared goals will give you both full access to all goals—your dashboards will look the same.
Make sense? Let’s dive in to your shared goal.
Your Shared Goal
Tapping on your shared goal name will pull up your goal screen. You’ll notice your target balance and date—plus a progress bar for the visually-oriented savers.
For many couples, the total deposits, earnings, withdrawals included in the Goal Summary section will provide the right level of detail when reviewing their progress together. If something comes up, the Withdraw button can help you pull money out of your Twine account.
If you’ve chosen an invested goal, you’ll notice an Investments section. Tapping here pulls up your portfolio allocations—or what percentage is held in Bonds, US Stocks, International Stocks, and Cash.
If you’d like to dive deeper into your allocations, click the Bonds and Stocks sections to view the breakdown of your funds (including shares, closing prices, and market value).
Your Savings Strategy
While we recommend recurring deposits to progress on savings goals, sometimes people feel more comfortable with one-time deposits. Twine makes it easy for couples to contribute in the strategy that makes the most sense for them.
If both of you are comfortable making recurring deposits, you can review and edit your individual contribution levels from the Recurring Monthly Deposits section.
If one of you is working, Twine is still a great tool to stay on the same page as you save for a shared goal. Both of you can access the goal, even if only one of you is making deposits.
For some couples, it’s easier to set up smaller recurring deposits and make one-time deposits when extra money becomes available. You can always drop that extra cash into your goal via the Make a Deposit button at the bottom of your goal screen.
No matter which scenario makes the most sense for your relationship, you can review a history of your deposits and withdrawals in the Activity section.
It’s important for both of you to be aware of (and aligned on) your level of recurring deposits. While we’re cheering for your progress towards your shared goals, we don’t want you depositing more money than you can afford to save. Please make sure to consider the short and long-term impact of the tradeoffs that you’re making with your money.
The Statements button gives you access to Monthly, Annual and Trade Activity statements (in PDF format) for your goal.
Accomplishing Your Goals
As you contribute to your goal and see that balance increase, it’s important to celebrate the wins. One easy way to track milestones? Your Twine dashboard.
The dashboard shares kudos on weekly, monthly, and annual contributions and saving streaks.
If you’re looking to establish a regular money talk as a couple, reviewing and talking through your dashboard and individual goal progress bars can help.
Looking for more inspiration? Check out this Twine survey for insights into how real couples are saving together.
As you approach the completion of your goal, it’s time to make a few decisions:
- Is this goal still your top priority?
- Have you decided on the details?
- Are you ready to make the purchase now? Or would you like more time?
If the answer to all of these is yes, it’s time to celebrate! Twine will send you an email and pause the recurring deposits on the goal. Withdrawing the funds takes 5-7 business days, so plan ahead if you need the money sooner.
If you aren’t sure, that’s totally normal. Twine will still pause your recurring deposits while you decide.
If you were enjoying the feeling of making progress week-over-week, open up a new Twine goal and keep the momentum going.