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Completed savings goal - now what?

llamafilm

I tried creating savings goals for all my large annual expenses. I contribute 1/12 each month so I’m not surprised when the expense comes due. Now that I’ve completed a goal, I don’t see a way to continue contributing to it. Am I supposed to create a new savings goal for the same expense each year? Here’s a screenshot example.

Or maybe I’m doing something wrong… this was the best way I could think of to budget annual expenses

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Comments

Flopbot

Now, you vote for the ability to preset your Savings Goal! Unfortunately, this ability doesn’t yet exist so the only option you have is to create a completely new Savings Goal for ‘Vehicle Registration’.

https://community.simplifimoney.com/discussion/2753/recurring-savings-goals-year-over-year-ability-to-restart-goals-edited

DannyB

As @Flopbot says, the best option for now is to create a new Savings Goal for 2025.

Depending on how your due dates fall you can either start from zero or you can close out the existing Savings Goal by making a "withdrawal for something else" in the amount still left in the SG which will release the remaining funds. Then add those funds as the beginning balance of the new goal.

I started to say you can use the "Edit goal" tool to extend it into 2025, but that can be a bit complicated it turns out.