Back to Savings Goals
6-8saving

Create a goal in your family bank

A goal in your family bank turns a wish into a trackable plan.

In this lesson

Create a goal in your family bank is part of Savings Goals. This preview shows how saving connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.

Today’s money mission

DeeDee sees a real money moment: In your family bank, where do you go to set a new savings goal? Before choosing an answer, slow down and find the money action in the story.

What you need to know

A goal in your family bank turns a wish into a trackable plan. The key is to ask what is being traded, earned, spent, saved, trusted, or recorded. Once you find that action, the lesson becomes easier: the right choice should match the money rule, not just the loudest feeling or fastest option.

Real-life example

For example, if a child sees a price, a balance, a goal, or a task reward, they should ask: what changed, who gave something up, and what should the account record show next?

Progress Penguin connection

In Progress Penguin, this lesson connects to your balances, requests, tasks, savings goals, and approvals. The app lets you see the money rule happen instead of only reading about it.

Activity preview

Choose the best money move

Use what you just learned. Do not guess — choose the option you can explain.

Create or review a savings goal

Open your kid dashboard and create or review one savings goal with a clear name, amount, and date.

Quiz preview

In your family bank, where do you go to set a new savings goal?

The spending tab
The chores section
Ask a parent to set it for you
The 'Create savings goal' feature — enter name, amount, and target date

What information do you enter when creating a savings goal in your family bank?

Your school name and age
Your favourite colour
Your parent's phone number
Goal name, target amount, and target date