Overview

Simplifi’s Savings Goals can help you easily plan for your future, whether you're planning a vacation, buying a home, or anything in between!

Savings Goals are easy: as soon as you tell Simplifi what you want to save for, and how much you want to save, we'll tell you what to contribute and how often.  Don't have a goal date in mind?  Not a problem. You can choose how much you contribute, and we'll tell you when you'll achieve your goal.

Creating a Savings Goal

Here’s how to set up a new Savings Goal in Simplifi:

  1. Click Goals in the left-hand menu bar.

  2. Click +Add Goal and select the kind of goal you want to set up.

  3. Name your Goal and enter the Goal amount. If you've already started saving, you can put that under Saved so far.

  4. Click Continue.

  5. Set a target date and a start date to complete your Goal. You can check I don’t have a date in mind if you'd don't have a target date. Then, click Continue.

  6. Confirm your Goal details and whether you'd like your planned contribution amount to be included in your Spending Plan.

  7. Click Create Goal to finish creating your Savings Goal.

Contributing to your Savings Goals

You can choose when and how often you want to contribute to your Savings Goals. When you contribute funds to a Savings Goal, Simplifi will separate the amount you've contributed from your available balance.

As an example, if your bank balance is $2,607.63 and you've told Simplifi that you've contributed $2,399.00 from your account to your Savings Goal(s), Simplifi will add a separate Available Balance, which is the amount remaining:

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

Add contributions

  1. Click Goals in the left-hand menu bar.

  2. Find the Goal you want to contribute to and click the three dots to the upper right.

  3. Select Contribute to goal.

  4. Select the account that you want your contribution to come from and enter the contribution amount.

  5. Click Contribute when done.

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.

Withdraw from a Goal

  1. Click Goals in the left-hand menu bar.

  2. Find the Goal you want to withdraw from and click the three dots to the upper right.

  3. Select Withdraw from goal.

  4. Select Withdraw to spend for goal -or- Withdraw for another purpose, whichever applies.

  5. Select the account that you want to withdraw funds from and enter the withdrawal amount.

  6. Click Withdraw when done.

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