Should You Sign Up For Simplifi

Jeremy BiberdorfBy: Jeremy Biberdorf

November 1, 2023November 1, 2023


Simplifi by Quicken is a leading personal finance mobile app that offers an intuitive way to gain control of your financial life. With its impressive feature set and a 30-day free trial, Simplifi has quickly become a top choice among personal finance solutions.

Simplifi provides tools to help you budget, save money, pay off debt, and better understand spending. You can connect all your financial accounts, like checking, savings, credit cards, and investments, so you have a complete picture of your money in one place. Then Simplifi analyzes your income, expenses, spending patterns, and budgets to provide insights and help you make a realistic financial plan.

With a wealth of tools to help manage credit cards, savings, spending, and budgets, Simplifi offers comprehensive guidance to help you gain control of your finances and work towards important financial goals. Why not sign up for your free 30-day trial and see how Simplifi can simplify your financial life?
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Pros of Using Simplifi

So, should you sign up for Simplifi? If you want to control your finances, the answer is yes. Here are a few of the major pros of using Simplifi:

Comprehensive Spending Tracking

Simplifi syncs with all your accounts to provide a complete picture of your income and spending habits. You’ll see your transactions, balances, and budgets in one place, making it easy to track where your money is going each month.

Alerts for Upcoming Bills

Never miss a payment again. Simplifi alerts you to upcoming bills, payments, and due dates so you can always pay on time. Say goodbye to late fees!

Set Savings Goals

Want to save for a family vacation or home renovation? Simplifi lets you create separate savings “buckets” and automatically move money from your accounts into each goal. Watch your progress and feel the motivation to keep saving.

30-Day Free Trial

Simplifi offers a free 30-day trial to experience all the features at no cost. If you decide it’s not for you after a month, just cancel – no strings attached. But once you see how much time and money Simplifi can save you, you’ll want to become a subscriber.

Potential Drawbacks of Simplifi

While Simplifi offers an easy-to-use platform for basic budgeting and bill payments, there are a few potential downsides to consider before signing up.

No Investment Tracking

Simplifi does not currently offer investment tracking or portfolio management tools. If monitoring your investment accounts, savings accounts, and balances is important, you must use another service.

Limited Features For Tracking Credit Scores

Simplifi provides access to your free credit score and report from TransUnion but lacks other services’ extra credit score and report features. You won’t get daily credit monitoring alerts, access to your scores from all three bureaus, or the ability to simulate how specific actions might impact your score.

Simplifi Key Features

Simplifi offers several useful features to help you gain control of your finances.

Spending Plan

Simplifi allows you to set up a monthly spending plan, categorizing your expenses and income to provide an overview of your financial situation. You can allocate your income across essential expenses like rent and groceries and discretionary spending on dining out or entertainment.

Savings Goals

Whether saving for a dream vacation, new vehicle, or down payment on a home, Simplifi lets you establish and monitor savings goals. You determine the amount and period, and Simplifi calculates how much you need to set aside each month to achieve your goal.

Spending Reports

Gain insight into your spending patterns with Simplifi’s detailed reports. Expenditures are categorized so you can identify trends and make adjustments as needed. See where your money is really going each month and look for expenses that can be reduced or eliminated.

Bill Payments

Never miss another bill payment with Simplifi. The platform alerts you for upcoming bills, ensuring everything gets paid on time. You can even set up automatic payments for fixed expenses like rent, utilities, and loan payments. Simplifi takes the hassle out of managing due dates and avoiding late fees.

Making a Decision: Is Simplifi Right for You?

Simplifi provides an intuitive interface and useful tools like automatic transaction categorization, bill pay, and reporting to gain insight into your finances. However, it lacks some advanced features found in competitors, like alerts, investment tracking and debt payoff planning.

For most people, Simplifi has enough functionality to budget efficiently without being overwhelming. However, it may not be the best fit if you need more robust planning and management tools. Simplifi aims for simplicity in both its name and design. The interface is clean and uncluttered, with an easy-to-navigate dashboard highlighting your key financial information and budget categories.

For those new to budgeting or who prefer a straightforward approach without a steep learning curve, Simplifi’s intuitive experience is appealing. However, more experienced users may find it limiting. Simplifi can be a great budgeting solution for individuals and families looking to gain control of their finances through a simple, affordable budgeting app.

But for those requiring more advanced tools, lower costs or a more customizable system, other options may be better suited. Evaluating your needs and priorities will help determine if signing up for Simplifi makes sense for your financial situation. To sign up for Simplifi, click here.
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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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