Separate funds in one checking account

JackG

My wife has run our budget using the envelope system for years. Part of her system was having a couple of extra checkbook registers which she named "Insurance", "Car Repair" and "Travel" and the like. The money is always in one checking account, but she would debit "Main" and credit "Travel" every month, building up savings for that particular need. What is the best/easiest way to accomplish the same thing in Simplifi? Like separate savings "accounts" or "funds" that she can transfer money to each month and then when the car needs repair, that debit can be pulled from the appropriate fund.

DannyB

Off the top of my head… and what my practice is… is to use Savings Goals in Simplifi. You will see the total set aside in your Simplifi bank register and individual SGs will show you what you have for each "envelope." You can even get a breakdown by account of what is saved and for which goal.