I haven't checked FT for a while and found this (have been a MyPoints member since 5/2006, so I should know something)....

First, you have until the 8th / 9th (based on PST / PDT or GMT-6/7 hour) of the month to submit your Monthly Goals.

Then, there is under the "More" tab on the upper black bar a "Monthly Goals" item, which will let you see a DAILY UPDATED watch of where you're at.

After MyPoints confirms you've reached the Monthly Goal (before the end of the month) said tab will have a link where you claim the Monthly Goals bonus (claim it as soon as it appears). You have until the 5th / early 6th of the next month to claim THERE the Bonus and it's NOT AUTOMATIC.

THAT'S ALL TO IT! I have been able to claim the Monthly Bonus that way in the several months that feature has been implemented (my latest was claimed on the 27th of the month for 715 MyPoints).

Just keep checking the Monthly Goals section on the "More" tab every 1-2 days after setting (once claimed there will be a line stating the date and the points claimed where the link was).