Problem is we see everything as a net worth. For example, we see our portfolio and find out that we have X money with us. But for most of the people, they don't have a bucket in thar. Bucket means dividing your networth as per the goal. For example, you need to purchase a house, you want to retire early, you want to save for your children education. Now everything needs different amount at the end of the goal.
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If you just have the networth value, you will not be able to divide that individually. For example, after 20 years you need 1 Crore to retire, 20 Lakh for house and another 30 lakhs for education. And if you kust track your networth, it's very hard to find the future value. This is because the house goal might needed at 5 years, child education in 12 years and retire in 15 years. And thus you need the bucket to know the exact value when the goal is about to end.
I do use the Goal feature in Niyo Money and invest according to it. For example, I need some amount for my daughter education after 13 years. And that's why I started investing that money in that goal and I know of I continue to invest that amount, I will be able to complete that goal. And same is for the retirement also. I know I can't retire early until some miracle happens but still I am investing little extra to have that 1 or 2 year saved.
And just like this, the bucket atrategy works for creating goals and completing it. Investing for that goal makes is easier to invest in small amount and completing it. You know the end value as well as the amount you need to invest to complete it.