Want to Save Money? Try Simplifi by Quicken

For years, Quicken reigned as the number one personal finance software on the market.

But over time, more companies have released free personal finance budgeting and tracking software services. Companies like Tiller Money allow users to create bespoke financial spreadsheets, and Personal Capital and Monarch have made easy-to-use apps that track every part of your financial life.

While it’s a little late to the party, Quicken has recently released Simplifi, a mobile app for tracking personal finances.

What is Simplifi by Quicken?

Simplifi is a paid budgeting and money-tracking app from Quicken to help you get your finances under control and save money all from your smartphone.

You can link all of your financial accounts to your Simplifi account. The app will then analyze your monthly expenses, generate a customizable spending plan, and give you personalized financial insights.

How does it work?

When you sign up for a Simplifi account, you will be prompted to connect your banking and other financial accounts – credit cards, loans, 401(k), and other investments – to the app for analysis.

Connecting every account you have to the Simplifi app will help you better understand your finances. So be sure to take your time and be thorough.

Once connected, the app will go through your accounts and create an easy-to-use dashboard of your finances. Making it effortless for you to track your income, net worth, savings, expenses, and set financial goals.

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Features of Simplifi by Quicken

Simplifi has a lot of really great features that you can take advantage of. Some of our favorites include:

• Budgeting: Simplifi calls this your spending plan. It will automatically generate a spending plan for you based on your recent income, expenses, spending habits, and savings goals. You can easily alter the plan to suit your specific needs.
• Watchlists: Watchlists help prevent you from overspending. For instance, if you love getting coffee, set up a watchlist with a monthly spending limit. This way you can easily see how much money you have left in your coffee budget.
• Savings goals: This is a valuable function that complements the spending plan feature perfectly. It makes it easy to view your saving progress and stay on track for your big financial goals like an emergency fund, buying a car, or putting a downpayment on a house. Simplifi lets you save for multiple goals at once and makes sure you set aside enough money each month.
• Bill tracking: This is an excellent feature for anyone who forgets when bills are due. A reminder that a bill or a recurring charge is coming up will ensure you are never blindsided again.
• The dashboard: The dashboard gives an overview of all your accounts and balances, upcoming bills, spending plan, recent transactions, and other valuable insights into your financial status.
• Enhanced Reporting: Simplifi’s enhanced reporting lets you filter your monthly spending reports by category, payee, tag, account, and more so you can easily understand your spending habits.
• Investment details: This section shows you all your investments and their current balances so you always know what is happening with your assets.

Who is Simplifi best suited for?

Simplifi is a paid budgeting app, so anyone who doesn’t mind paying and needs help sorting out their finances would benefit from it. It is currently only $2.49/month (normally $3.99/month) both incredibly low priced for a budgeting app. You can also try Simplifi for 30 days risk-free to see if it’s right for you before paying for its services.

It is important to remember that the information you put in this app is sensitive and paying a small fee helps ensure that your data is safe and remains private.

If you want an overview of your financial well-being, guidance on improving certain areas of your finances, and tips on staying on track, then this app is for you.

The Bottom Line

Simplifi is excellent for anyone serious about getting their finances under control. Saving money can feel daunting, but having an app that offers tips to get you on track and stay there, as well as lays out your financial information in an easy-to-understand format, is well worth the small fee.