Add a Savings Goal for Target Net Worth (edited)

ADawg

I personally don't have value for the current goal system. It has to be tied to current accounts, and you have to allocate money manually. Examples of what I want to use goals for:

Obtain a net worth of $1mm

Hit 500k in my brokerage [specific account/accounts]

Hit 100k in savings [specific account/accounts]

Instead of allocating money within an account to a goal, I just want to track my progress towards larger goals that I have set for myself using full account balances. Seems like a quick win. Create a pie chart that tracks account balance on a specific account or accounts. Can you do this please?

Coach Natalie

@ADawg, thanks for posting your suggestions to the Community!

You'd typically want to include just one request per Idea post (in accordance with our guidelines here) so other users can vote on that particular request accordingly. With that, however, I found an existing request for a Target Account Balance Savings Goal, so I edited this request to just cover a Savings Goal for Target Net Worth.

For a Target Account Balance Savings Goal, please add your vote and feedback here:

https://community.simplifimoney.com/discussion/3536/add-a-savings-goal-option-to-reach-a-target-account-balance-edited

I hope this helps!

-Coach Natalie

mrcrazzysaver

I think the original poster, @ADawg, has it spot on, and I would like to see the same feature implemented. The other post you referred to, @Coach Natalie, still revolves around targeting a specific account balance. However, what the OP and I are looking for in Simplifi is the ability to create and track net worth goals.

While Quicken Simplifi might aim to encourage users to set more detailed savings goals, not everyone may want to use it that way. Many users, including myself, would benefit from a more holistic view of our financial progress by setting broader net worth goals and tracking them across all accounts.

This would allow us to see our overall financial growth without having to allocate money to specific sub-accounts manually. A simple pie chart or similar visual representation tracking full account balances towards these larger goals would be incredibly helpful.

DannyB

@ADawg, @mrcrazzysaver

Are you asking for a specialized SG that can be set up to include all or multiple cash and/or investment accounts

Would this be somehow related to the existing Net Worth tracking in QS or is this something different than net worth tracking?

Can you give more details of what you are looking for and how it would work?