by Tara Blaine

Foresight is 20/20: Bring Your Financial Future Into Focus

Forget hindsight—this decade, foresight is 20/20. It’s a new year, and time for a new financial focus. Read on to see how Simple’s built-in budgeting tools can help you plan a financial future so bright, you gotta wear shades.
Foresight is 20/20

Hindsight is so last decade—foresight is the key to reaching your financial goals this year. No matter what your financial situation was in the past, a new year is the perfect time to let go of old habits and get 20/20 vision for your 2020 financial goals. Develop a clear view of what you want to achieve with your money—from better budgeting to smart saving—and then use Simple’s easy budgeting tools to turn that vision into reality.

Missing the forest for the trees? Rely on a built-in budget.

You need a big-picture blueprint for managing your money every month. But it takes a lot of effort to keep an eye on the whole panorama every time you buy something—which is why so many budgets eventually fall by the wayside.

Make sticking to your budget effortless with Expenses—the budget that’s built directly into your checking account. Just set up budgets for how much you need (and when you need it by) for all your monthly bills and other necessities. Simple will tuck away the money automatically, keeping track of the big picture for you, while you focus on the day-to-day. And one glance at your Safe-to-Spend® shows you exactly how much money you can spend in the moment without compromising your plans.

Set up your first Expense today!
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Can’t quite see the horizon? Goals bring your financial goals into focus.

Bring that hazy image of the big things you want—from a summer road trip to a down payment on a home—into sharp focus with budgeting tools that help you fund your future. When you create a Goal, you set the amount you need and a deadline. Then Simple automatically sets aside the money a bit at a time. Step by step, you get closer to the goals you’ve envisioned—no willpower required.

Want to reach that horizon a little faster? Turn on Round-up Rules! Every time you make a purchase, Simple will round up the “change” to the nearest dollar—once you’ve lassoed five bucks, we drop it into your Protected Goals Account. You’ll reach your savings targets even sooner, without even feeling it.

Turn on Round-up Rules here!
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Wish you had a crystal ball? An Emergency Fund is even better.

You can’t see everything in the future—but you can prepare for the unexpected. Save for an Emergency Fund so that a surprise trip to the mechanic or an ER visit doesn’t torpedo your budget. You decide how quickly you want to build your fund, and Simple will help you figure out how much to save based on your earnings.

After that, it’s like magic—we’ll automatically slip a bit into your fund every day, and keep it in a Protected Goals Account (more on that below) so you won’t spend it unintentionally. Bonus: your Emergency Fund will earn interest, so your safety net will expand faster.

Set up an Emergency Fund!
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Feeling farsighted? Fast-forward your saving plans.

Make your vision of the financial future a reality faster by putting your money to work for you. High-yield accounts (aka, Protected Goals Accounts) and Certificates of Deposit (CDs) let you accelerate your savings with great interest rates.

Set up your savings targets that matter most as Protected Goals and earn money on your money—while keeping it safe from any accidental spending. If you’re ready for a little commitment, put your money into a fixed-rate CD that guarantees how much interest you’ll earn over time. Or double your long-term vision: open a Protected Goals Account to build up money for a CD when you’re ready to buy one.

Share a vision with someone else? Work toward it together!

Shared Accounts and Shared Goals make it easy for couples, roomies, co-parents—anyone with commingled financial lives—to budget and save together. You have your account, they have theirs, and together you choose exactly how much (or little) to combine. Simple’s built-in budgeting tools make it super easy for you to manage your mutual money and reach your savings goals.

Learn more about Shared Accounts!
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Ready to put on your specs? Start 2020 with 20/20 foresight.

Everything you need to envision and enact your financial future is already built into your Simple account—all you have to do is put it to work for you. This time next year, instead of looking back at what you could have done, you’ll be celebrating your successes—and planning for the next ones.

Disclaimer: Hey! Welcome to our disclaimer. Here’s what you need to know to safely consume this blog post: Any outbound links in this post will take you away from Simple.com, to external sites in the wilds of the internet; neither Simple nor our partner bank, BBVA Compass, endorse any linked-to websites; and we didn’t pay/barter with/bribe anyone to appear in this post. And as much as we wish we could control the cost of things, any prices in this article are just estimates. Actual prices are up to retailers, manufacturers, and other people who’ve been granted magical powers over digits and dollar signs.

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As fraud attempts are on the rise recently — especially related to unemployment funds — help us keep your account safe by following these guidelines.

Use your Simple Account only for your own personal use. Don’t share your account with others or receive funds on behalf of third parties.

Don’t share your username or password with others. Never give out your login information. Simple will never ask you to tell us your password — if any third party makes such a request, it’s an attempt at fraud.

Don’t open an account at someone else’s request. If someone else asks you to open a Simple Account — such as a real estate company, prospective employer, or someone you met online — it is likely an attempt at fraud.

Be alert for unemployment insurance fraud. You may be violating the law and the terms of your Simple Account if you receive deposits of unemployment funds on behalf of someone else. There are state and federal penalties for unemployment insurance fraud (including potential fines and incarceration). If you suspect you are a victim of unemployment fraud, contact the appropriate state fraud hotline listed here.

Don’t receive funds on behalf of a third party. Keep in mind that receiving funds on behalf of a third party violates the terms and conditions of your Simple Account; in such instances, we may restrict and/or close your account and hold the funds while we await direction from enforcement agencies.

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