by Conner Cousins

Goals Just Got a Whole Lot Smarter

Do you wish you could automate your budgeting? Well, we have good news. Today, we’re rolling out two newly updated features to get you closer to full automation: Funding Schedules and Auto-spend.
Funding Schedules

Your Goals, enhanced:

Simple accounts already have easy online budgeting capability. We call it Goals. You can set aside money for certain things (like a vacation or rent) within your account and money will automatically move into each Goal daily. (Want more info? You can find it here).

Today, we’re making Goals even more customizable and automated.

First, you can now choose the frequency and dates when money automatically moves into specific Goals within your account. Like payday, for instance. We call this a Funding Schedule.

Second, your spending can now automatically deduct from the right Goal. Buy groceries? It’ll come from the Groceries Goal. No extra work required. This one we’re calling Auto-spend.

Both features are designed to make Goals work even better for you.

How to Create a Funding Schedule:

funding schedule

  1. On a computer, log in to your Simple account
  2. Navigate to the Goals Section
  3. Click the “Funding Schedules” button (this allows you to choose the recurring date you want your goals funded)
  4. Click “Add a funding schedule” and select the schedule that lines up with your payday.

Auto-spend Lets You Automatically Spend from a Goal:

Now that you’re automatically funding your Goals on payday, why not automate the process of spending from those Goals? Want your grocery purchases to pull from your Groceries Goal? That feature is here!

How to Set Up Auto-spend:

auto spend

  1. On your Goal, go to the Auto-spend section and turn it on.
  2. Select a category for Auto-spend.
  3. You’re all set!

After you set it up, purchases you make from that category will automatically spend from that Goal, not your Safe-to-Spend®. Just think of it as using separate envelopes of money to pay for different kinds of expenses. Except way less paper and time.

When you spend from a category, you’ll be cheerfully notified confirming that money was spent from the Goal, and also how much is left over. (Pro-tip: if your purchases are coming through with the wrong Category, you can update it one time, and it’ll stick.)

We love hearing from you.

Every step of the way we’ve been building and improving the Simple experience with your input. This is the start of a series of some big improvements coming to Goals. We can’t wait to share, so stay tuned! Let us know what you think by tweeting at us at @Simple.

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, to external sites in the wilds of the internet; neither Simple nor our partner banks, The Bancorp Bank and 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.

Important! Keep your account safe from fraud

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.

I acknowledge that I have read this notice Continue Application