Ability to use multiple accounts for "Saved so far" in Savings Goal setup [edited] (1 Merged Vote)

kwimmer

Right now when setting up a goal you are only able to "link" one account to the goal. If you have fund held in multiple accounts for a given goal you then have to "contribute" to the goal manually, which messes up the spend plan by showing that second contribution as an expense. 

stepho24

My SO and I have separate bank accounts. We created a savings goal, entered in the amount we have combined in the "Saved so Far" box, but it only allows one account to be chosen.
It would be nice to have multiple accounts chosen and state how much is saved so far from each account.

I tried to add to it as a "contribution" but then that throws off the spending plan as well as the contributions for the month. We ended up making two separate savings goals which works okay, but not ideal.

J_M_F

+1 on this and maybe re-upping. Would love to be able to select multiple accounts to associate with the Saved so Far box.

LakGoy

I wanted to be able to select multiple accounts that contribute to the same Savings Goal.

Currently we can only select one account which contains the "Saved so far" amount. It would be nice to be able to select multiple accounts as checkboxes, instead of radio buttons.

Additionally, I read that currently only Banking accounts can be selected to contribute towards a savings goal. But it would be useful to be able to also add investment accounts.

An example use-case: I'm saving for a my future kid's college fund. I don't want to keep the cash in a checking/savings account and I'd rather invest some of it. So it would be useful to track that in the savings goal. This would therefore include the fluctuations that occur due to market down/upsides, and show me how far/close I am to my goal, regardless of what account my savings are in.

khad

Upvoted. How is anyone tracking retirement goals without being able to select multiple (and investment) accounts? Multiple brokerage, IRA, and 401k accounts all contribute to my retirement savings goals.

Coach Natalie

@LakGoy & @khad, I'd suggest adding your votes here as well:

https://community.simplifimoney.com/discussion/625/ability-to-contribute-to-savings-goals-from-investment-accounts-edited-4-merged-votes

-Coach Natalie

dkelleybrew

It would be great if you could select multiple accounts to count towards a single savings goal.

aolafsson

I'm unable to use the Simplifi Goals feature because for every goal I have, I have two accounts. One standard savings account and one CD account. I'd love the ability to associate more than one account to a Goal in the Simplifi platform.

UrsulaA

This idea is already posted, vote for it below

https://community.simplifimoney.com/discussion/1150/pool-savings-accounts-for-savings-goals-contributions-edited

maxtheinvest

Simplifi always says this matter was already posted and addressed but there have been no updates or feedback but they keep telling us to Vote.

Flopbot

@maxtheinvest

Your right that Simplifi "always says this matter was already posted and addressed" - frequently it is. Having multiple similar Idea Posts just makes for less chance of getting your idea actually implemented. Is it better to have two Idea Posts each with 10 votes or one with 20? Having multiple Idea Posts clutters up the community and make it hard to navigate. As for the "no updates and feedback", I gotta disagree. Simplifi is good about being active in this community and @Coach Natalie frequently updates random posts. Scanning the official "Apple Card" request post will give you a good idea of how often they try to keep people updated.

KP_9

It would be very useful to link multiple accounts to a Savings Goal, so contributions could be made from any of them toward a single Goal.

Depending on whether a Goal is short-term, long-term, or ongoing, folks might use a combination of accounts to save for a goal (i.e. keeping a portion liquid and investing another portion). For example, consider an Emergency Fund Savings Goal. Someone might have the assets they consider their conceptual "emergency fund" split with a portion in a savings account for immediate access needs and the rest in a brokerage account earning better returns in a money market.

Coach Jon

Hello @KP_9,

Thanks for reaching out! We went ahead and turned your idea post into a discussion so we may get clarification on what you are asking for. To clarify, do you mean that you would like the ability to have multiple accounts contribute to a Savings Goal over time? Or do you wish to have multiple accounts be made available to select for the "Saved so far" during the setup of the goal?

For the latter, we do have a current Idea Post that you can find and vote for here!

https://community.simplifimoney.com/discussion/3449/ability-to-use-multiple-accounts-for-saved-so-far-in-savings-goal-setup-edited-1-merged-vote

Thanks, and let us know!

-Coach Jon

KP_9

Hi @Coach Jon, thanks for the quick update. That other post you linked does cover what I'm looking for, so feel free to merge this into that one to avoid clutter. Thanks!

eknud

Would like to echo the need to include multiple accounts in the “Saved so Far”. The lack of support for this has prevented me from using it. I would otherwise set goals like retirement savings targets but such savings are split across numerous account, so with the current limitations Savings Goals are not of much use.

putty808s

looks like it's been several years.. what exactly is the holdup? people want this idea, lets get it done

RobWilk

I added my vote. I honestly don't use Savings Goals much anymore, I was using them aggressively for a while but it seemed like a lot of extra management to manage essentially a 'virtual account'.

RobWilk

I just checked after seeing the status changed and saw the 'add account' button, and it appears at least in early access, this functionality is now present.

-Rob

Coach Natalie

Great news, everyone! The Web App now offers the ability to use multiple accounts for the "saved so far" amount —

This will be available on the Mobile App as of the next mobile release!