How do I set up a recurring transaction to 'move money' into my virtual savings account? And how can I make that part of my monthly spending plan?
This ability is forthcoming!
@simplij You wouldn't be able to create a recurring transaction to contribute to your savings goal. There isn't a way to make it part of your Spending Plan but I think that would be an excellent addition to the Spending Plan!
Oh funny. I figured that was a big part of how this works. If I can’t track that ‘spend’ in my spending plan, not set up a recurring transaction’, savings goals have little to no visibility and much reduce value. IMHO.
Just to add, I feel like this is a real 'miss'. There are so many great uses of savings goals, IF we can set up recurring transactions and make them part of the spending plan. If it can't be made automatic, and I would have to manually always be moving money into it, I honestly don't see the value of it.
Simplfi peeps, since I can't use savings goals with the spending plan, what is the suggested method for 'saving up' for annual bills, like property taxes? I need to make sure I am virtually putting aside a certain amount each month so that I have that money available when the bill is due. I definitely don't want to have to manually do that every single month with the Savings Goals. And I don't want to have to set up an actual transfer between bank accounts just to make it work with Simplifi. Is there another way?
@simplij There isn't another way I can think of for your situation other than a savings goal, to be honest. I see if I can figure something out and IF I do, I will post it on this discussion