Simplifi Reviews

Financial objectives are critical. However, it might be impossible to tell how your money management practices are hurting your goals without looking at a large collection of accounts where your money is housed.

Simplifi by Quicken: A New Money Management App

Simplifi by Quicken is a simpler approach to personal finance, as the name indicates. This cloud-based application allows you to keep track of your finances and budget anywhere.

Simplifi is now owned by Aquiline Capital Partners, the same people that brought you Quicken. However, unlike Quicken, a full-featured personal financial package with a desktop program and online/mobile connectivity, Simplifi simplifies account management, saving goals, and budgeting with a clean, visually attractive interface and logical process.

This financial aggregator and money management provide applications available on mobile and online. You probably already know what Simplifi does if you’ve used applications like Mint or Personal Capital. It brings together all of your financial accounts in one location, providing you with a 360-degree view of your whole financial situation.

It’s easy to write off Simplifi as simply another financial aggregator. However, the fact that Quicken is giving it piques our attention. The organization has been in operation for more than 30 years and is a household brand in the financial services market. Even though Quicken has been established for so long, the company was sold to H.I.G. Capital in 2016. Intuit no longer operates Quicken, and Simplifi by Quicken is not associated with the company.

The software allows you to create your categories, budgetary limitations, watch lists, and spending plan. In addition, because it’s a premium service, you won’t be bombarded with adverts on your smartphone, diverting your attention away from your core goal.

Is Quicken’s Simplifi reliable?

We normally offer Better Business Bureau ratings so you can examine how a company handles consumer complaints and difficulties. Quicken has yet to be rated by the BBB.

A solid BBB rating isn’t always the deciding factor. You may also communicate with other app users or read consumer feedback. Quicken hasn’t been the subject of any recent public debates.

What’s the point of a Personal Finance App?

If you’ve never used one before, you might be intrigued by the advantages of a personal financial app. They offer one location where you may combine all of your financial accounts, including checking and savings accounts, credit cards, and brokerage accounts. 

You’ll be able to check your accounts’ practically real-time activity and balances, both individually and in one aggregated register, after establishing an internet link to them. This means you may go in at any moment and view what transactions have cleared your accounts recently.

This talent can warn you of two types of danger. You could discover that someone has accessed your account or that one or more of your balances has reached unsafe levels. Personal financial applications can also remind you of neglected transactions.

How Does Quicken’s Simplifi Work?

Simplifi is accessible as a web app and a mobile app. It includes the following features:

How to Sign Up for Quicken Simplifi?

You must be a US citizen or resident to sign up for Simplifi and be ready to have your credit card on file. Non-US residents are presently unable to use the service. You will also be limited to US-based financial institutions as a financial aggregator.

The steps to sign up for the service are as follows:

What can Simplifi be used for?

Quicken’s Simplifi is great for anyone who wishes to keep track of their finances. The budgeting software is quite thorough and goes above and beyond a basic budgeting tool to break down your savings and spending.

Start by integrating your bank accounts, investment accounts, and credit cards into Simplifi. Then, you’ll be able to design a dashboard that gives you an overview of your money. It also uses charts and statistics to assess your expenditure and savings.

Individual savings objectives can be developed, or a monthly spending plan with several categories might be created. In addition, the app offers a watchlist that records areas of your spending and can monitor invoices to ensure you pay them on time if you want more granular information.

Monthly data for expenditure, gross income, net income, savings, and shopping refunds are also available through the app. Monthly subscriptions are $5.99, while yearly subscriptions are $47.99.

Watch out for You may try the app for free for 30 days, but you’ll have to pay up for a subscription when you create an account. Also, if you try the app and realize it’s not for you, you may return it.

Simplifi Detailed Features

Simplifi has several useful tools to assist you in managing your finances.

Simplifi will create a spending plan for you after you link your accounts. The spending plan aims to show you your monthly income and fixed costs.

Your discretionary income is the gap between your income and planned costs, which Simplifi can help you prepare for. You may use that extra cash for whichever purpose you like. However, the funds might also be utilized to pay an unforeseen expenditure. The Spending Plan assists you in determining how much you can afford to spend.

Let’s imagine you want to treat yourself to a nice evening out. Instead of basing your selection on the amount of money in your bank account, Simplifi displays how that purchase will affect your monthly spending ability.

The Simplifi Watchlist is ideal for anyone who has trouble sticking to a budget. You may select to get informed when you spend any proportion of a budget category when you create it.

Let’s assume you set a budget of $100 for fast food this month. When you spend any portion of that objective, the app can notify you. You may set the reminder to go off at the 90% point if you want to know when you’re almost out of fast-food dollars.

The notification is a simple method to stay on track with your budget, and you won’t have to check your bank accounts to stay on track continuously.

You may personalize your dashboard according to your tastes. However, you’ll start with some preset titles to assist you in arranging your finances:

Simplifi makes it simple to keep track of your expenses and revenue. In addition, Simplifi allows you to predict your income and spending to see what your future account balances could look like and the current position in your bank account.

You may use this tool to predict when your bank account balance will decline. This glimpse into the future might help you budget for purchases and avoid worrying when a large payment arrives in your account.

Everyone has a large financial aim. Setting financial goals is critical whether you want to go on a fantastic trip or support early retirement. Setting financial goals is simple with Simplifi. More significantly, the app makes tracking your savings objectives straightforward.

You may check in with Simplifi to see how far you’ve come toward your savings objectives. If you routinely make savings goals, this might be a handy option.

It’s not difficult to locate an app that gathers all your financial information in one location. Finding an app that makes this information aesthetically appealing, on the other hand, is more difficult. You won’t have to search much farther, thankfully. In a graphic style, Simplifi genuinely makes your finances shine.

Having access to a report of your whole financial situation may be quite beneficial. Not only that but the charts and graphs make it simple to understand the specifics.

One of the platform’s most useful features, this tool shows you a visual picture of your expected balance for the next 30 days. Projected Balances are calculated based on your periodic transactions and allow you to predict your account balances ahead of time.

Customer service is not available through phone, live chat, or email. However, the platform has a thorough Help Center that includes articles and tools to answer your difficulties.

The Simplifi Mobile App is available on Google Play for Android smartphones running version 5.0 and higher, and over 10,000 people have already downloaded it. It’s also compatible with iPhone, iPad, and iPod touch and is available on The App Store for iOS devices running 9.0 or later.

Account security is always a worry when consolidating all of your bank accounts on one platform. Data is securely delivered from your bank servers using 256-bit encryption while utilizing the Quicken system. Your bank account information is downloaded and kept entirely secret. It’s simply used to keep track of your accounts.

Are Quicken and Simplifi interchangeable?

No. Quicken users will see that Simplifi is not the same as Quicken.

Instead, Simplifi is a brand-new personal finance software developed by Quicken to help consumers better perceive their financial health.

Is Simplifi completely free?

No. Simplifi is a premium application. You’ll have to pay $47.99 per year or $5.99 per month. A yearly membership saves you around $2 every month.

You may connect to a bank by entering the User ID and password you use to log in to your bank account once you’re in the app.

Yes. Simplifi prioritizes the security of your financial information. For example, when sending data from your bank servers, the organization employs 256-bit encryption to maintain its security.

Alternatives to Simplifi 

The top alternatives that are available in the market are listed down below:

Mint and Trim are your best alternatives if you’re looking for a free budgeting tool. 

Mint

This budgeting software is comparable to Simplifi and is listed in our top budgeting apps guide. You may, for example, make a budget based on your spending habits, manage your expenses, or set personal savings objectives.

Trim will be a good choice if you seek more specific strategies to save costs. The software will advise you where you may save money and will negotiate your payments for you. For example, if you utilize Bill Negotiation, you’ll have to pay an annual fee of 15% of the money you saved. Mint provides a similar service, but you’ll have to pay 40% of your savings accumulated throughout a two-year subscription.

There is no free edition of Simplifi, only a 30-day free trial. However, suppose you haven’t discovered an attractive budgeting software or are looking for a budgeting tool that gives extensive information about your spending and saving. In that case, it could be worth looking into. Simplifi features monthly statistics on your income, expenditure, and more and the ability to set a watchlist for certain areas in your spending.

It could also come down to whatever platforms you choose to utilize. Online and mobile apps are available for Simplifi and Mint. Trim is now only accessible with Facebook or your Google email account.

Personal Capital

Personal Capital has budgeting capabilities. However, the budgeting tools do not compare to those of Simplifi. Simplifi will provide you with a higher-quality budgeting framework.

On the other hand, Personal Capital far outperforms Simplifi’s investment tracker. You can do more with Personal Capital than just glance at your investments. Instead, you may use various investment analysis tools to guarantee that your portfolio is on the proper track.

You may also use Personal Capital’s investment management services. So, if you want to keep a close check on your money, Personal Capital is the clear winner. However, if you want to concentrate on your budget, for the time being, Simplifi will take things to the next level.

YNAB

YNAB- The greatest app we’ve discovered that supports this strategy or philosophy of budgeting is You Need a Budget (YNAB). The intricacy of getting the allocations correct might take some time to grasp, but the payback can be huge for those who are a good fit for this strategy: your brain is educated to spend less. Unfortunately, in our tests, YNAB had significant synchronization difficulties with several banks, apart from the high learning curve. In addition, some Simplifi services, such as financial flow predictions, desktop notifications, and live customer assistance, are also missing.

Simplifi Review Conclusions

Simplifi is an excellent tool for anybody wishing to simplify their financial management. The app makes it easier to keep track of all of your transactions once you link your accounts. In addition, you may check-in with Simplifi at any moment to see your whole financial picture. You may also utilize it if you need to make a quick budget choice.

Finally, Simplifi is a useful tool for visualizing your budget, financial objectives, and spending trends. There’s no danger in trying it out with a free 30-day trial.

Should You Give Simplifi A Try?

If you’re looking for an app to help you manage your money in the broad picture, Simplifi is a smart choice. You’ll be able to track your money movements without going via different accounts after you’ve connected your financial accounts.

You can rapidly examine your income and spending trends if you have the relevant information at your fingertips. This will assist you in making the best financial decisions possible for your financial future.

Although Simplifi has many features, it’s worth noting that it doesn’t contain any investing advice. Other personal finance applications might assist you in creating investment strategies that are in line with your objectives. Unfortunately, however, Simplifi will be unable to assist you in this area.

Finally, Simplifi is a premium app that will deplete your bank account. Depending on your financial situation, you may not want to pay for these capabilities when a basic spreadsheet and the dedication to maintain it may accomplish identical goals.

Overall, Simplifi is a wonderful pick for personal finance software that allows you to track your money anywhere. It could be the best way for you to manage your money and achieve your objectives efficiently.