👰 Friend's wedding – Albert

Albert Genius is composed of a team of real human experts. Text us any financial question!

Example conversation

Hey can you help with saving money? I have a wedding I want to go to and need to save $1,500 by the beginning of next year.

Sure can! I'd be happy to help come up with a plan. Have you already started saving towards this goal?

Not yet. I literally found out about it like a week ago and need to get started saving some money, but Im already pressed for cash.

Well, lets take a look at the numbers. You've got 7 months to go left to meet your goal. To save $1,500 by then, you'd need to set aside $215 aside each month to get there by January 1st.
In looking at your account, I see you're bringing in about $2,100 a month in income and have about $1550 in bills and average spending. This leaves about $550 left aside each month in funds you can spend or save.
Does this sound accurate to you?

Yes honestly, I didn't even realize I had that much left over I was just blowing.
Still, its about half of that money left over.

Well, it looks like you're meeting your bills each month, so you're not putting yourself in danger there. I see you've got the Rainy Day fund goal going, which is great!
Aside from that, I would set up one for the wedding and transfer $50 each week in there. (I can assist with setting up the goal as well.)
It's a good idea to keep both goals going at the same time so you don't end up drawing from that emergency fund to for the wedding right before you go.

Okay, and the $50 will be enough?
Honestly, if it helps, I can cut down on some of the bills in the amount you mentioned before.
I'd rather not have to charge anything on a card to go to the wedding if its a bill I can cut out.

The $50 will definitely get you there by January 1st! Also, I'd be happy to help set them up for you if you'd like or you can tap the "Add a Savings goal" button on the bottom of the main screen to get started.

Thanks! I'll definitely set up the wedding one and I'll just not touch the rainy day fund haha.

If you find yourself tempted, just give a genius a text for a reminder of what youre saving for.