How Joola works

From goal to funded in five steps

Name your goal and Joola automates everything from there. Set it up once and the savings build while you get on with your life.

1. Name your goal

Pick what you're saving for — a trip, concert tickets, a group gift, or anything else worth working toward. Giving your goal a name makes it real. It stops being "I should save more" and becomes something you're actually moving toward.

2. Set your target and pace

Enter the amount per contribution and choose how often you want to contribute: biweekly or monthly. Joola shows you exactly what your savings looks like.

3. Invite friends or save solo

Saving alone? Skip this step entirely. Saving with a group? Add your people. They'll each get an invite, set up their own contributions, and join the goal. Everyone can see the progress in the app.

4. Watch the goal fill up

Contributions run on the schedule you set. Everyone in the group can see the progress, so the goal stays on track without anyone having to follow up.

5. Funds unlock when you hit the target

Once you hit your goal, the funds unlock and land in your Joola wallet — ready to cash out whenever you are.

Frequently asked questions

What is Joola?

Joola is a savings app that helps friends, families, and individuals save for what matters most, whether together or alone. It makes saving easy, consistent, and less stressful. Whether you have a big goal or a small win in mind, Joola helps you track your progress and stay on track with your savings.

Do I have to save with a group?

Not at all. You can save independently with your own goal and timeline. If you do want to save with others, Joola makes that easy too.

What happens to my money while I'm saving?

Your funds are held in a secure, U.S.-based payment processor and stay locked until your goal or timeline is reached. Joola is not a bank and does not lend or charge interest.