Savings Goal Contributions should reflect on Projected Cash Flow graph (2 Merged Vote)

cfoxcvg
cfoxcvg Member ✭✭✭✭
edited December 2021 in Feature Requests
I like the ability to plan/set money aside from multiple accounts but if you use the cash flow graphs for each account and contribute funds to a goal it does not affect your projections (effectively not setting those contributions aside). Ideally I would like to see 2 lines on the projected graph. A line fore actual projections and a line for projections including goal contributions. If you don't show this info in projections then you can easily overspend and cut into your goal contributions without knowing it.
39 votes

In Review · Last Updated

This Idea has been submitted to the Product Team for review!

Comments

  • cfoxcvg
    cfoxcvg Member ✭✭✭✭
    I have read of possibly making savings goals a transaction but I do not agree with this route since it is not an actual transaction. I would just like to see how it affects projections since you are theoretically holding those funds for a purpose. If you see the projection take your balance low or in the red you can take out of a goal to compensate for this if needed. The option to have 2 lines on the graph is an ideal situation for me personally, one showing actual projections and one showing projections taking contributions to goals into account. 
  • Hi! I think it would be very helpful to have the ability to view the Projected Cash Flow based on the Available Balance (balance after savings goals are taken out) and not just the total bank balance!
  • cfoxcvg
    cfoxcvg Member ✭✭✭✭
    edited December 2021
    One of the most useful features of this program is the projected cash flow graph for forecasting and planning. Unfortunately the projections do not account for money set aside in savings goals. There should be a line or a setting to have the funds set aside accounted for in your projected graph. So one line shows the actual balance projections and another line shows the balance projections minus the money already added to a savings goal in that account. That way you can see what the account actually should have and how much of that money is available to spend without affecting your goals. This would be very helpful.
  • sno.seakin
    sno.seakin Member
    i enthusiastically vote for this as well.  I still have to keep my Kualto.com subscription as I do not trust the projected cash flow here. Plus Kualto can go out much further than simplifi.
  • Mrsterry
    Mrsterry Member ✭✭
    PLEASE do this. New user here and so disappointed I can’t make cash flow more useful to include planned recurring spending (groceries, etc). OR make it easier to create a ‘bill’ that tracks multiple transactions. Thanks. 
  • Flopbot
    Flopbot Superuser ✭✭✭✭✭
    Plus one too!  Good idea @cfoxcvg .  Right now, due to this specific thing, I really only view Savings Goals as something that are useful for Savings Accounts…not Checking Accounts.  Typically, I’m not concerned about the daily balance of my Savings Account.  However, if I set them up for my Checking Account, then I’d run the real risk of making the Projected Balance chart inaccurate…leading to overdrafts.  Ideally, this would be a setting or something that could be turned on and off.

    I found this idea from this other post which has a really helpful screenshot showing the problem.

    https://community.simplifimoney.com/discussion/3262/can-the-projected-cash-flow-be-set-to-not-show-savings-goals-in-the-total
    Chris
    Quicken Desktop user since 2014.
    Brand new to Simplifi in 2021.
  • PolyNomad
    PolyNomad Member
    I concur, with this. I am transitioning from Quicken which has the option of keeping the the savings goals out of the projected cash balance. I would like the cash balance to show just the available, or better yet make it selectable.
  • PolyNomad
    PolyNomad Member
    The available balance projection should also include planned savings goal contributions.
  • Poptarts
    Poptarts Member
    Agreed. I think this is a great addition and any potential expenses should be included in projected cash flow. It would be helpful to add all of those items into the cash flow preview.
  • TommyMac
    TommyMac Member ✭✭✭
    I agree 100%. An additional cash flow line that reflects future cash flow net of savings goals is a must to make the Goals tool truly useful. Otherwise you have to put savings entries in both the goals tool, as well as a real life transaction to a savings account or something to *truly* have it set aside for a goal. 
  • Flopbot
    Flopbot Superuser ✭✭✭✭✭
    See this discussion post for more information related to this idea (click here) and for some helpful screenshots - for any visual learners.
    Chris
    Quicken Desktop user since 2014.
    Brand new to Simplifi in 2021.