To get money out of a savings goal and into an account for spending, you must do a savings goal withdrawal:
- In Quicken, click on Planning on the top tool bar.
- Click on Savings Goals, then click on Withdraw in to top tool bar.
- If you have used one account to fund the savings goal, Quicken automatically selects that account to return the savings goal funds to. If you used multiple accounts to fund a savings goal, you need to choose the account to return funds to (see note on multiple accounts below).
- Change the date if necessary, then enter the amount to withdraw from the savings goal and click on OK. The amount withdrawn from the savings goal is now unhidden in the account and is available for spending.
You Cannot Overdraw on a Savings Goal
If you try to withdraw more from a savings goal than you have contributed from an account, Quicken will tell you that you have not saved enough money for the transfer. You then have to click OK and only withdraw as much as was contributed from that account.
Savings Goal Withdrawals from Multiple Accounts
If you used multiple accounts for savings goal contributions, you can only withdraw from each account the amount that was contributed for the account.
Quicken tells you how much has been allocated to the savings goal from an account when you select the account to put funds back into during a savings goal withdrawal.
You can also see how much you have contributed to a savings goal from each account by running a savings goal register report..
