Best Of

Thanks for the information. I do have a rather large income cushion, but it's stored in a savings account that is not tracked by Simplifi. I've had the 30 day cushion in my checking account for many years. I'm just used to knowing for sure that Checking Balance - Credit Card Balance - Bills Left To Pay - Remaining Planned Spending - Available = $0

I realize that Simplifi only budgets on your current monthly income, not what's in the checking account. That's the part I find difficult. I am determined to make this work because Simplifi is the only account aggregator that consistently works and handles pending transactions.

I would love it if Simplifi could give me a report on the the remaining balance in Bills and Planned Spending! Then it would be super easy to know the budget is on track.

@IgnacioRG

I have to admit, I'm not sure I understand what you are asking for here. Maybe you can give some further clarification with an example of how what you are requesting would work? Right now, you can designate which account the funds for a given SG are held in and that account does not have to be your checking account as @RobWilk points out.

For example, this is what I do:

• I have three separate high yield savings accounts and one checking account.
• I have automatic transfers set up to transfer a set amount into each of these saving accounts from my checking account with my bank.
• In Quicken Simplifi, I have three Savings Goals associated with these accounts. The "association" is due to designating which account the SG funds are held in when I make a contribution to each SG.
• When the transfer is completed by the bank and the transfer transactions are downloaded into QS, I make a corresponding contribution to the appropriate SG equal to the amount of the transfer plus whatever interest has been paid into the saving account.
• Once done the balance of the Savings account and the amount in the SG will be equal with an Available Balance of $0.00.

"Surprise & Misce[llaneous]" is one of my HYS accounts at my bank

Note that the account balance and the SG balance are equal due to having completed the auto deposit a week or so ago and having made the contribution to the SG using this account as the source of the SG funds.

Are you asking for some kind of feature in QS that will "automate" this process?

Are you asking for a feature that will allow you to generate the actual transfer from your checking account to your savings account from within QS?

Here is a list of Savings Goal feature requests that you may find interesting, one or more of which may be what you are asking for. You can check these out and add your vote to any you would like to see implemented:

I really, really want this feature too! However, while we wait, I've found that creating individual SAV accounts for your most critical Savings Goals is a reasonable work around. It completely bypasses the need for Savings Goals altogether. Each SAV account pertains to just one (1) topic - Health, Christmas, B-Days, Emergency, etc. - and any money that finds itself in one of these SAV accounts automatically is designated for that specific purpose. Then, I can create scheduled transfers at the bank and a corresponding Recurring Series in Simplifi. Added bonus, I can use projected balance to see how much will be in the account come Christmas!

I still have a few Savings Goals, just for more mundane things like computers and small appliances.

@Max1223 Thanks. Yes, I see the transfers that are linked from my Investment accounts to my checking accounts. Of course, as transfers they are ignored in Spending Plan and Reports.

The only issue I have is sometimes Simplifi doesn't link them. I usually get them to link by just editing one side of the transfer (just saying transfer) and then going back and changing it to Transfer to Checking, and then Simplifi will pop up and ask me if this is the same transaction, and then will link them.

Even in my brokerage accounts, buys and sells and Reinvest Dividends are ignored because these are essentially transfers, just specialized ones.

And as I said earlier, I just tell Simplifi to ignore my IRAs. But I still can "see" the transfers into and out of them when I contribute to them.