How does Savology work?

Most people are able to complete all the information needed to build their plan in about 5 minutes. If you are less familiar with your personal finances it may take a bit longer. After you answer the questions in the survey, Savology generates your personalized financial plan in a matter of seconds while you create your account.

Then, it is up to you to explore your financial plan, report card, and action items in more detail. While you will be able to gain valuable insights about your current financial well-being in a matter of minutes, it is worthwhile to spend even more time diving deep into your whole plan to increase your understanding.

Savology keeps your information private and does not sell or share any of your information. Savology uses the information gathered in the survey to build your comprehensive plan and provide the most relevant and accurate recommendations possible. You may also notice that Savology limits the personally identifiable information collected by not asking for sensitive information such as your last name, social security number, date of birth, or phone number when you are building your plan.

Savology uses industry best practices to keep your information and our systems secure. You may also notice that Savology limits the personally identifiable information collected by not asking for your sensitive data like your last name, social security number, date of birth, or phone number when you build your plan which further minimizes your risk.

Savology only recommends top-rated providers to provide you the best experience and value. Savology makes recommendations for almost any type of provider that can help you manage or improve your finances. This includes retirement accounts, life insurance, budgeting tools, credit management, bank accounts, mortgages, investment management, health savings, other insurances, and much more.

Improving your finances takes time. The more time and effort that you commit to improving, the better off you will be. While a financial plan isn’t something that you need to review every day, or even every week, you will want to revisit it often enough to stay involved and educated.

At a minimum, we recommend revisiting your plan at the following times. First, log in every time you complete an Action Item to mark it off and read about the next item on your list. Second, come back to your account to complete additional planning modules as they are made available every couple months. And third, come back to update your financial information anytime you have a significant change, but no less frequently than twice a year. For the most part, you will receive email reminders to keep you on track.

First, review your financial plan thoroughly to understand your current financial state. Then, take action! The reason to build a plan in the first place is to identify the things you need to do to improve your financial well-being and reach your financial goals. Start working on each of the first three action items that you are assigned. If you want more items to work on, you can find deficiencies like your savings rate or debt to income ratio in your financial plan and report card that you can start to improve.