Managing finances is no easy feat. Many of us are on the lookout for tools that can simplify this process. In the sea of personal finance tools, Simplifi by Quicken has earned quite a reputation.
If you are like me and have read many Simplifi reviews, you’ve probably heard the praise for its intuitive design and features. But What is Simplifi exactly? This app seamlessly connects with bank accounts, credit cards, and savings, giving users an all-encompassing view of their financial landscape without the tediousness of manual data input.
With its real-time snapshot of one’s finances, Simplifi proves to be an invaluable ally for those striving to achieve financial clarity. Continue reading to see if it is the best financial management tool for you.
Learn More About Simplifi
What is Simplifi?
Simplifi isn’t just another name in the vast world of financial tools. This is a product by Quicken, a titan in the financial services industry with a rich legacy spanning over three decades.
Breaking from the traditional mold, Simplifi emerges as a contemporary tool, tailor-made for today’s digital age. Honored as the “best budgeting app of 2023,” it has reinvented personal finance management, presenting a harmonious blend of power and simplicity.
Designed to run effortlessly on the web, iOS, and Android platforms, this app offers an ad-free, user-friendly experience for tracking money. The guiding hand behind this innovation? Eric Dunn, Quicken’s CEO since 2016. Eric does not lack experience, being with the brand back in 1986 as their fourth employee.
In order to fully understand what Simplifi is and what if offers, we have to look at all of the features:
Simplifi Dashboard: Provides an organized view of personal finances. Offers default titles like net worth, upcoming bills, and spending habits over the last 30 days.
Customizable Spending Plan: Enables a personalized approach to budgeting. Shows spendable income, bills, subscriptions, and discretionary spending potential.
Spending Watchlists: Create and access multiple watchlists directly from the dashboard to monitor specific spending trends.
Investment Features: Real-time alerts, performance graphs, and a dedicated news feed keep users informed about their investment accounts. Additionally, the app offers investment tracking, and users can view and modify their investment transactions.
Cryptocurrency Tracking: A modern financial tool that allows users to add, track, and sync cryptocurrencies with major financial institutions.
Projected Balances Tool: A valuable tool offering a visual forecast of bank accounts over the next 30 days, aiding in better financial decisions.
Mobile App: Available for both Android (with over 10,000 installs) and iOS devices, offering users financial tools on the go.
Account Security: Data is securely transmitted using 256-bit encryption from bank servers, ensuring confidentiality and security of financial accounts.
Comprehensive Spending Tracking: Breaks down monthly spending into categories, offering insights into spending habits and helping adjust to meet financial goals.
Savings Goals: Set, track, and achieve savings goals, be it for an emergency fund or a planned purchase.
Syncing Capability: Unlike many personal finance apps, Simplifi syncs directly with financial institutions, providing a complete picture of financial health by integrating savings accounts, credit cards, and other financial details in one place.
Simplifi by Quicken provides a cost-effective solution for individuals keen on effectively tracking and managing their finances. Every user can initially experience the tool with a 30-day free trial, allowing for a comprehensive assessment without any financial commitment.
Once satisfied, there are two straightforward pricing options to consider. The Annual Plan is an appealing choice at $35.99 per year, effectively costing $2.99 per month. For those seeking more flexibility, the Monthly Plan is available at $5.99 post the one-month trial period. Throughout, Simplifi guarantees transparency with no concealed charges.
Although Simplifi stands out as an effective and reasonably priced budgeting tool, it isn’t the only show in town. Another noteworthy app in the financial realm is YNAB (You Need A Budget). YNAB emphasizes helping users to master their finances through tailored budgeting.
With YNAB, individuals have the capability to consolidate their banking and financial accounts; monitor their expenditure patterns over periods; establish unique financial targets; get notified about impending bills; and share data across various gadgets. Dive into this comparison of Simplifi vs YNAB to see how they stack up.
I’m genuinely impressed by Simplifi’s modern approach to financial management. The fact that it’s backed by such a renowned company adds to its credibility. For me, the balance between its price point, user-friendly interface, and comprehensive features make it an attractive option for anyone aiming to get a better grasp on their finances.
But remember, every financial tool should cater to your individual needs and goals. If you’re sitting there thinking, “What is Simplifi?”, I’d recommend diving into their 30-day trial. It’s an ideal way to see if Simplifi aligns with your financial goals.
The post What Is Simplifi? How Does It Stack Up To The Competition? appeared first on Modest Money.