Using Savings Goals on the Mobile App | Quicken Simplifi Help Center

Overview

Quicken Simplifi’s Savings Goals help you set aside money for things like vacations, emergencies, or other future expenses. Simply enter the amount you want to save, and Simplifi can suggest a target date and monthly contribution.

You can adjust or remove the target date and customize your monthly contribution. You can also include your Savings Goals in your Spending Plan to help keep that money from being spent elsewhere.

Creating a Savings Goal

Tap the Menu (three lines), then tap Goals.
Tap Create Goal or the + button in the upper-right corner.
Select the type of goal you want to create or select Custom.
Enter the Name and Goal Amount. If you've already saved money toward the goal, enter the amount and select the account where it's saved. Tap Continue.
Set a Target Goal Date to have Quicken Simplifi calculate your monthly contribution, or enter your own Monthly Contribution. You can also turn off the target date. If available, you can customize the Start Date. Tap Continue.
Choose whether to include the goal in your Spending Plan, then tap Create.

Contributing to a Savings Goal

When you contribute to a Savings Goal, Quicken Simplifi updates your progress to show how much you've saved and how much remains. If you contribute more than planned, Simplifi automatically updates your Expected date.

You can also see which accounts hold your Goal money and how much is available to spend. The Available balance shows the amount remaining in each account after money set aside for your Savings Goals is deducted.

Note: Simplifi does not move money in or out of your financial accounts. Savings Goals simply help you track your progress and stay on track with your savings.

Tap the Menu (three lines), then tap Goals.
Find the Goal you want to contribute to and tap the three-dot icon next to it.
Select Contribute to Goal.
Enter the Amount to contribute and select the Contribute from account.
Tap Contribute.

Withdrawing From a Savings Goal

There are two ways to withdraw money from a Savings Goal:

Spend Toward Your Goal: Use money you've already saved to pay for the goal. This does not change the Saved So Far or Left to Save amounts. Instead, it tracks how much of your Goal money you've spent.
Use for Something Else: Return all or part of your saved money to your available spending funds. The amount is removed from Saved So Far and added back to Left to Save. This is useful if your financial needs change and you need to use the money for something else.

Tap the Menu (three lines), then tap Goals.
Find the Goal you want to withdraw from and tap the three-dot icon next to it.
Select Withdraw From Goal.
Select Spend Toward Your Goal or Use for Something Else.
Enter the Amount to withdraw and select the Withdraw to account.
Tap Withdraw.

How Goal Contributions and Withdraws are Handled in the Spending Plan

If you include a Savings Goal in your Spending Plan, its monthly contribution is automatically included. Any additional contributions you make during the month are also included.

When you withdraw money from a Goal:

Spend Toward Your Goal: Does not affect the Spending Plan.
Use for Something Else: Removes the withdrawn amount from the Spending Plan, up to the regular monthly contribution amount.

These rules only apply to Goals included in the Spending Plan. Goals that are not included appear grayed out and do not affect the Spending Plan.

Frequently Asked Questions

Learn the answers to frequently asked questions for this topic!

Can I link Savings Goal contributions or withdrawals to a transaction?

Not at this time. Savings Goal contributions and withdrawals can't be linked to transactions. If you'd like to see this feature added to Quicken Simplifi, visit the Simplifi Community and vote for the feature request.

How can I contribute to my Savings Goals in a prior month?

You can contribute to Savings Goals for the most recently closed month by going to Spending Plan > Savings Goals. This is useful if you want to put leftover Spending Plan money toward a Goal.

Can I see and edit my Savings Goal contributions and withdrawals?

Currently, Savings Goals don’t keep a detailed history of contributions or withdrawals, so these transactions can’t be viewed or edited. If you need to undo a contribution or withdrawal, follow the instructions below. You can also vote for this feature in the Simplifi Community.

What if I accidentally contributed or withdrew from/to the wrong account?

Since Savings Goals are tracked monthly, you can only correct errors for the current month.

If you contributed from the wrong account, withdraw the money and then contribute it from the correct account.
If you withdrew to the wrong account, contribute the money back and then withdraw it to the correct account.

Can I map a Savings Goal to an entire account?

There isn’t currently an official way to link an account directly to a Savings Goal. However, you can achieve a similar result by contributing the account’s full balance to the Goal or entering the account balance as the Saved So Far amount when creating the Goal.

Can I see how much I’ve contributed to a Savings Goal in each month?

You can view your contributions for the current month directly in the Goal. For previous months, check the Savings Goals section of your Spending Plan.

Can I delete a Savings Goal when it's completed?

Although you can delete a Savings Goal at any time, deleting it also removes its past contributions, which may affect your Spending Plan. If a Goal is marked as Completed, it’s best to leave it in the Completed section instead of deleting it.

To learn more about using Savings Goals on the Quicken Simplifi Web App, please click here!

If you have any questions about Quicken Simplifi, our support team is here to help.