diff --git a/app/models/budget/investment.rb b/app/models/budget/investment.rb
index b3b51996c..10d822b36 100644
--- a/app/models/budget/investment.rb
+++ b/app/models/budget/investment.rb
@@ -20,6 +20,7 @@ class Budget
     has_many :valuator_assignments, dependent: :destroy
     has_many :valuators, through: :valuator_assignments
     has_many :comments, as: :commentable
+    has_many :checkpoints
 
     validates :title, presence: true
     validates :author, presence: true
diff --git a/app/models/budget/investment/checkpoint.rb b/app/models/budget/investment/checkpoint.rb
new file mode 100644
index 000000000..6bc4229c6
--- /dev/null
+++ b/app/models/budget/investment/checkpoint.rb
@@ -0,0 +1,10 @@
+class Budget
+  class Investment
+    class Checkpoint < ActiveRecord::Base
+      belongs_to :investment
+
+      validates :title, presence: true
+      validates :investment, presence: true
+    end
+  end
+end
diff --git a/db/migrate/20170620132731_create_budget_investment_checkpoints.rb b/db/migrate/20170620132731_create_budget_investment_checkpoints.rb
new file mode 100644
index 000000000..22081f319
--- /dev/null
+++ b/db/migrate/20170620132731_create_budget_investment_checkpoints.rb
@@ -0,0 +1,11 @@
+class CreateBudgetInvestmentCheckpoints < ActiveRecord::Migration
+  def change
+    create_table :budget_investment_checkpoints do |t|
+      t.integer :investment_id
+      t.string   "title", limit: 80
+      t.text     "description"
+
+      t.timestamps null: false
+    end
+  end
+end
diff --git a/db/schema.rb b/db/schema.rb
index 8fae3e8dd..a5d7ecbb5 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -11,7 +11,7 @@
 #
 # It's strongly recommended that you check this file into your version control system.
 
-ActiveRecord::Schema.define(version: 20170613203256) do
+ActiveRecord::Schema.define(version: 20170620132731) do
 
   # These are extensions that must be enabled in order to support this database
   enable_extension "plpgsql"
@@ -114,6 +114,14 @@ ActiveRecord::Schema.define(version: 20170613203256) do
 
   add_index "budget_headings", ["group_id"], name: "index_budget_headings_on_group_id", using: :btree
 
+  create_table "budget_investment_checkpoints", force: :cascade do |t|
+    t.integer  "investment_id"
+    t.string   "title",         limit: 80
+    t.text     "description"
+    t.datetime "created_at",               null: false
+    t.datetime "updated_at",               null: false
+  end
+
   create_table "budget_investments", force: :cascade do |t|
     t.integer  "author_id"
     t.integer  "administrator_id"
@@ -413,8 +421,8 @@ ActiveRecord::Schema.define(version: 20170613203256) do
     t.date     "allegations_end_date"
     t.date     "result_publication_date"
     t.datetime "hidden_at"
-    t.datetime "created_at",             null: false
-    t.datetime "updated_at",             null: false
+    t.datetime "created_at",                                 null: false
+    t.datetime "updated_at",                                 null: false
     t.text     "summary"
     t.boolean  "debate_phase_enabled",       default: false
     t.boolean  "allegations_phase_enabled",  default: false
@@ -924,7 +932,7 @@ ActiveRecord::Schema.define(version: 20170613203256) do
     t.boolean  "email_digest",                              default: true
     t.boolean  "email_on_direct_message",                   default: true
     t.boolean  "official_position_badge",                   default: false
-    t.datetime "password_changed_at",                       default: '2016-12-21 17:55:08', null: false
+    t.datetime "password_changed_at",                       default: '2017-06-20 13:30:34', null: false
     t.boolean  "created_from_signature",                    default: false
     t.integer  "failed_email_digests_count",                default: 0
     t.text     "former_users_data_log",                     default: ""
diff --git a/spec/factories.rb b/spec/factories.rb
index 42c8dbfc5..6401616e7 100644
--- a/spec/factories.rb
+++ b/spec/factories.rb
@@ -322,6 +322,12 @@ FactoryGirl.define do
     reason "unfeasible"
   end
 
+  factory :budget_investment_checkpoint, class: 'Budget::Investment::Checkpoint' do
+    association :investment, factory: :budget_investment
+    sequence(:title)     { |n| "Budget Investment Checkpoint #{n} title" }
+    description          'Checkpoint description'
+  end
+
   factory :vote do
     association :votable, factory: :debate
     association :voter,   factory: :user
diff --git a/spec/models/budget/investment/checkpoint_spec.rb b/spec/models/budget/investment/checkpoint_spec.rb
new file mode 100644
index 000000000..fe40a58bb
--- /dev/null
+++ b/spec/models/budget/investment/checkpoint_spec.rb
@@ -0,0 +1,23 @@
+require 'rails_helper'
+
+describe "Budget::Investment::Checkpoint" do
+
+  describe "Validations" do
+    let(:checkpoint) { build(:budget_investment_checkpoint) }
+
+    it "should be valid" do
+      expect(checkpoint).to be_valid
+    end
+
+    it "should not be valid without a title" do
+      checkpoint.title = nil
+      expect(checkpoint).to_not be_valid
+    end
+
+    it "should not be valid without an investment" do
+      checkpoint.investment_id = nil
+      expect(checkpoint).to_not be_valid
+    end
+  end
+
+end
diff --git a/spec/models/budget/investment_spec.rb b/spec/models/budget/investment_spec.rb
index 2290abba9..c5af04ea1 100644
--- a/spec/models/budget/investment_spec.rb
+++ b/spec/models/budget/investment_spec.rb
@@ -486,7 +486,6 @@ describe Budget::Investment do
 
   end
 
-
   describe 'Permissions' do
     let(:budget)      { create(:budget) }
     let(:group)       { create(:budget_group, budget: budget) }