Best Of
Re: Tracking Sales Tax on Personal Transactions - Is it worth it?
@KB2014 Tariffs are basically sales tax on imported goods.
DannyB
Re: How much time do you Simplifi weekly?
I would say I spend about 1 hour per day fiddling with it. I spend a little more because as I peruse the community and see suggestions and problems, I try to recreate them in my file. So I end up putting in dummy transactions, etc to see the results.
In addition, I use Quicken Classic so I am double checking my numbers a lot making sure everything is squared away. Actually, I update in a few minutes each morning and then mid-morning I do so again. Then in the afternoon, I update again to get the latest numbers from the Stock Exchange.
I have 21 accounts and about 5 of those are manual or asset accounts.
If it weren't for the community, I would probably spend no more than 30 min per day. It's not much, but since I'm retired, it's more a hobby for me.
SRC54
Re: Will Bills in spending plan automatically update based on changes made to recurring bills?
I'm willing to speculate that @SRC54 may be right - if I've understood correctly - and since the bills in the spending plan have already been paid this month (and were paid before I made the changes to the recurring bill titles) they are still displaying as the old names in the spending plan.
FWIW, this is what it looks like currently. You can see the old title 'Plan' on the main list in the spending plan, but then if I click on said 'Plan' you can see it is attached to the newly named recurring bill 'POT | DC Tax'
And here are the previous two payments in the series:
I'll keep an eye on this, and see if the name changes reflect in the next cycle. Thanks for everyone looking into this! Appreciate it!!
Re: Will Bills in spending plan automatically update based on changes made to recurring bills?
It could be that the transactions you are looking at in the Spending Plan are not actually part of the recurring series you edited.
This could happen if you already had a transaction for a particular bill (dated in June, for example), then created a recurring series for that bill with a start date in July.
Have you looked at the Spending Plan for future months to see if the names are changed there?
DryHeat
Re: Will Bills in spending plan automatically update based on changes made to recurring bills?
I was curious about your question, because I never noticed this behavior, so I went into Settings>All Recurring and changed the Name for one of recurring transactions series and clicked on update. The change was reflected in the recurring series set up screen and in the All Recurring screen. Next, I opened my Spending Plan and the change I made was reflected in the current month's listing of that recurring bill.
I returned to Settings>All Recurring and edited the series for that same bill back to the original Name and once again checked my Spending Plan and the Name of that recurring bill was changed back.
My conclusion is that any changes to the name of a recurring transaction should immediately be reflected in your spending plan.
Note: I only made a name change to one recurring series, so there is that.
DannyB
Re: Investment Transaction Duplications (edited)
Hello everyone,
I am back with an update from our product team on this issue. While we have fixed a number of problems that were causing duplicates, some of the changes introduced a new problem. We have now identified the cause of one issue that users are still reporting - a duplicate after changing a Dividend to a Payment. We are working on a fix for that one as well at this time.
Thanks for your patience as we continue to investigate this issue.
-Coach Jon
Re: Add a debt payoff calculator/goal [edited] (4 Merged Votes)
@Coach Natalie or @Coach Jon, any way we can get this brought back up to the Product team for discussion? This thread has been "In Review" since 2022. A Debt Payoff calculator functionality would extremely helpful for a lot of users, as reflected by the nearly 200 upvotes. I imagine features like:
- Inputs for debt type & name, current owed balance, interest rate, minimum payment and cadence, and extra payments (recurring monthly, one-time on X, Y, & Z dates, etc.), and the ability to run payoff projections that show Interest vs. Principal totals with adjusted inputs. The would could be shown how much extra payments will save them over the bare monthly payment and ideally could drop down a full amortization table for detailed analysis.
- Combined view of various tracked debts with the ability to project common payoff strategies like snowball, avalanche, consolidation, etc.
- Ability to link accounts to each tracked debt for tracking real historical balance trends, particularly shown against an overlayed dotted line hypothetical "vs. minimum payment only from the start of tracking" to reinforce how much the user has saved in interest since starting tracking.
- Integration into Spending Plan to help users budget for their debt payments each month, similar to how contributions to Savings Goals are tied in. Also using the same "you're ahead by $X and Y months on your payoff goal!" functionality that currently is used in Savings Goals could be a helpful motivator.
- Inclusion of a Net Worth view to so users can see how every extra payment onto debt shows up as a positive bump to their net worth (I personally found this visual particularly motivating when chipping away at student debt).
Given that the code already exists for very similar functionality in Savings Goals (progress tracking) and Retirement Planner (the projections/modeling visuals), I'd hope it won't be too big of a lift to reassemble the various components into a dedicated Debt Payoff feature.
Cheers, K.
KP_9
Re: Reviewed flag for pending transactions gets reset to not reviewed after posted
I created a work around until the reviewed is updated. I take the flag, green flag, and put it on the tranactions that I have reconciled on the statement(s). This is more permanent and allows to go to an account (credit card, for example), filter all the transactions that have "no flag" (None) and then set the green flag for each reconciled transaction. Right now, it works for me.
Re: Report of Current Monthly Spending Compared to Average Over Time (edited)
I would also like to see better spending trends graphs/reports! One I have seen in another solution is an interactive stacked area graph. It starts with showing spending over time at top tier categories, highlights the selected tier on the graph and also allows you to drill into the sub-categories and adjusts the graph to show an area graph of the sub-categories. I think this type of graph is visually appealing and easily helps you identify if categories are trending up or down over a period of time.
Jenny T
Re: Report of Current Monthly Spending Compared to Average Over Time (edited)
When using spending reports for any date range longer than one month, and I drill into one category such as groceries, I would like to see it by month and how compares to my spending plan and what the average spend is. Getting to this view in the income and expense report is not as straight forward and doesn't give the same visuals as the spending report.
PJC