Overview

Simplifi's Savings Goals make it easy to save money for future vacations, emergency funds, or anything else that you'd like to start saving for! All you have to do is tell Simplifi how much you want to save, and we'll suggest a target date, with a monthly contribution amount.

You can easily manage your target date, or turn it off altogether, as well as easily customize how much you'd like to contribute each month. You can even have Simplifi deduct your Savings Goals from your Spending Plan, to further ensure that you don't spend your Goal money!

Creating a Savings Goal

  1. Click the Menu icon (the three lines in the upper left corner).
  2. Select Savings Goals.
  3. Click the Add a Savings Goal button, or the blue plus (+) button in the bottom right.
  4. Select the type of Goal that you'd like to create, or select Custom to create a custom Goal.
  5. Enter a Name, a Goal amount, and any money that you've Saved so far, with the Account that it's saved from, and click Continue.
  6. Set a Target goal date to have Simplifi calculate your Monthly contribution for you, or you can customize your own Monthly contribution amount, as well as turn the Target goal date off. You may also be given the option to customize your Start Date. Click Continue when done.
  7. Choose whether you'd like to have your Goal deducted from your Spending Plan or not, and click Create.

Contributing to a Savings Goal

When you contribute to a Savings Goal, Simplifi will update to show you how much you've saved towards your Goal, as well as the amount left to save. If you make extra contributions, Simplifi will update the Expected date accordingly, and let you know where you're at with meeting your Goal.

Simplifi will also show you which accounts your Goal money is sitting in, and how much you have left to spend after your contributions. Included with the balance of your accounts, you'll see a separate Available balance, which is what you have remaining in the account after your Savings Goals.

Note: Simplifi will never add or take money from your actual financial accounts. Your Goal is meant to keep you accountable and moving forward!

  1. Click the Menu icon (the three lines in the upper left corner).
  2. Select Savings Goals.
  3. Locate the Goal that you'd like to contribute to click the three dots to the upper right.
  4. Select Contribute to goal.
  5. Enter the Amount to contribute and the Account that you'd like to contribute from.
  6. Click Add.

Withdrawing From a Savings Goal

There's a couple of different ways that you can withdraw from a Savings Goal. First, you can Spend from a Goal, which allows you to use the money that you've already saved towards your Goal to spend for all or part of your Goal. This option doesn't impact your saved so far or left to save amounts, but does show how much of your Goal money's been spent towards the Goal.

You can also elect to Withdraw for another purpose, which allows you to return all or part of your contribution(s) back to your spending funds. This option is great to use for changes in circumstances, where you may need some of your Goal money back. When using this option, you'll see that the funds are removed from the saved so far amount and added back to the left to save amount of the Goal.

  1. Click the Menu icon (the three lines in the upper left corner).
  2. Select Savings Goals.
  3. Locate the Goal that you'd like to withdraw from and click the three dots to the upper right.
  4. Select Withdraw from goal.
  5. Select Withdraw to spend for goal -or- Withdraw to another purpose, whichever applies.
  6. Select the Account that you want to withdraw from and enter a withdrawal Amount.
  7. Click Withdraw
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