Link from Transaction to 'take from' or 'add to' Savings Goal (1 Merged Vote)

I'm running into the same frustration related to saving goals and the inability to account big purchases/events (e.g. vacations, holidays) within the savings goals or some other non-monthly methodology. I too am considering switching products. I was a Mint customer who migrated to Simplifi when it ended. It took quite a bit of effort to migrate, but I'd rather find a tool that does what I need before spending more time and energy.

I see it's been some time since this feature was requested. I really want to use the savings goal feature but agree that it is cumbersome to manually take money out of savings goals for every transaction. https://community.simplifimoney.com/profile/Coach%20Natalie - please update!

I never thought of Mint's goals as particularly robust, but it is surprising how much basic functionality is missing at Simplifi for something so integral to a budgeting app. The ability to assign transactions to save-for or spend-from a goal is important and it is very disappointing to see the features they are working on instead of this.

This is my number 1 pet peeve of Simplifi. I have upvoted.

Please, please, please consider this request.
There are just too many hoops to jump through right now to make Savings Goals actually useful.
This would go a long way.

So sad to see this idea has not made any progress in the last four years since it has been suggested. Support for sinking funds is crucial to any budgeting app, and the with no ability to link transactions to goals, but also no ability to automatically reserve funds from planned spending rollover, the only option is to manually kludge the two features together. Would be nice to see some renewed developer interest in fixing this rather than trying to turn Simplifi into a stock tracker.

Add the feature to add transaction transfer amounts to a specific goal category.

Ex. If I transfer $150 to my savings account to buy a home, let me link that transaction to the goal I have set in the site, and let it automatically adjust the balance for amount saved so far based on that transaction

Can there be a linking action for spending transactions (Withdraw from goal) associated with saving goals?

Please add the feature to link transactions to savings goals as well as automatically adding to savings goals.

Will probably switch apps because of how poorly Simplifi handles spending the money you’ve saved in a savings goal. Manually withdrawing an amount from the goal that isn’t reflected anywhere in the spending plan and then having to “hide” every goal-related spend from the spending plan is absurd… I want my monthly report to accurately reflect what I spent on a vacation AND reflect the fact that I carefully saved up for it rather than “overspending”. This seems like basic functionality for a savings goal tracker— I save in order to have money to spend!

@skunkbeast, @pmatignon, and others - I will, like you, most likely not be renewing my subscription as there are just simple features that are missing and are common with many of the apps. During the next three months, I will be getting my Quick Classic file in better ship and afterwards will abandon Simplifi as it is not feeing my ways and needs. This is a very sad statement to writing but when there is a "hickup" with this web based program, it alters months of transactions and there is nothing to know when thils happening. I can say this, my net Worth on Friday (Sep 19) was $1.15 million and as of the time of this posting is $885 thousand. So, what changed, who knows.

I'm also anxiously waiting for a proper fleshing out of savings goals. They are useless to me in their current form.

Please consider these ideas:

I currently contribute to multiple IRAs, a HYS account, and brokerage accounts, all using the same category of Investment Contribution. While this is technically not "Savings" as it has been discussed above, I want to track how much I contribute to each account throughout the year. The accounts are all linked.

I want to add a goal for each account with a year-end target. The monthly targets should be calculated automatically as a guide to the user. Targets not met for a month should accumulate into the following month, n months, or remaining months - make this a selectable option. Indicate on Goals that are behind, ahead, or on track.

Conversely, if I'm ahead with my contributions, allow me to keep the original target or subtract the overage from next month's target, next n months' targets, or remaining months' targets. So, if I'm over by $60 this month, allow me to keep the remaining monthly targets as is, subtract $60 from next month's target, $30 each from the next 2 months' targets, or $10 from the remaining months' targets.

And I want an easy way to see my progress for all accounts in a single report/page.

A few simple rules would keep all the transactions and goals properly linked.

The Goals section of the spending plan would be useful if it showed the progress made for that month along with the overall targets for each goal/target account.

Goals should also have some automated monthly/annual target updates at the start of each year, such as increase Goal 1 target by 1.2%, Goal 2 target by 1%, Goal 3 target by 0.5%. Additionally, goal targets could be set as a percentage of net income.

Goals should optionally have a target end date.

Under goals in the spending plan do something like this (for part way through a month, for example):

Fidelity Brokerage: $100 of $420 this month - $2,720 of $5,040 this year (+ Ahead)

SoFi Roth IRA: $350 of $700 this month - $4,000 of $8,400 this year (- Behind)

Some Bank HYS: $25 of $100 this month - $600 of $1,200 this year (= On Track)

Overall: $475 of $1,220 this month toward annual target of $14,640 On Track Overall

—Each line should be clickable to display the associated investment contribution transactions for that goal. The same transactions would optionally also show up under either Planned spend or Other Spend, with a Savings Goal indicator and link to the goal. Icing on the cake would be properly defined accounts, like Roth IRA and 457b accounts could optionally get the current year max contribution limit, accounting for age for catch-up contributions from the IRS web site. It should be easy - ChatGPT did it for me in under a minute. The same could be done for contribution limits based on income to prevent over-contributing. I know - easy peezy, right?