How to tell how much needs to be contributed to a savings goal be back on target?

jcody21

Hello,

I have a savings goal where I was only able to partially contribute for a couple of months and am wondering if there is way to find out how much needs to be contributed to be back on track?

DannyB

Hi @jcody21

If you look at the detail page for you SG you will see these details and you can see whether or not you are on track or how far behind you are. From there you should be able to determine what you need to "catch up" with your goal date if it's a hard date.

Keep in mind that Savings Goals are set up to be flexible and you can manage them however you want. You can make extra contributions to catch up.

Another option is to delete the existing goal and create a new one starting with what you have saved so far and reset your monthly contributions accordingly.

Hope that helps.

jcody21

Thanks @DannyB, I was trying to see if there was an easy way to get Simplifi to tell me how much I needed to contribute to get back to "on track". Below is what I see. I guess I need to contribute 1 full month's worth to be "on track"? Any insight would be appreciated.

DannyB

It appears that you need to contribute an additional $803.82 to get back on track. Since you are 1 month behind and it looks like your original monthly contribution target to stay on track to reach your goal by October 2025 is $803.82, you will need to contribute an additional $803.82 to get caught up. If you can't contribute that much at once, you could recalculate the monthly contribution using the Edit Goal tool. You can access this tool either from the goal page or the Spending Plan. Click on the 3-dot menu and select "Edit Goal."

(This is for illustration only.)

QS already knows how much you have "Saved so far." Enter your original target amount ($10,700) and set the month and year (October 2025 if that is still our goal date.)

Once you enter the target amount QS will give you a couple of choices - Change the target date or change the target monthly contribution.

Again, this screenshot is for illustration only using one of my current goals.