Newbie!

Ghern99

Hello All,

I just started using Quicken to have more control of my expenses and spending habits. I find that I have to carefully categorize expenses and income entries, but it is working pretty well for me. I can run reports on certain expenses and plan and track certain entries. I have to tackle the spending plan module to see how that works. Has anyone started using it?

RobWilk

The 'spending module' aka 'spending plan' gives you a per-calendar month summary of income (subtracting known bills and savings goals and partially hidden transfers if any) and expenses (planned and other), it gives you a per day amount that you can spend without going over your plan. Basically, if you don't want to spend more than you take in in a given month, this is a useful tool. Just realize, for the most part it will ignore credit card payments (for example) and only deduct the actual spending.

DannyB

Welcome to Quicken Simplifi @Ghern99

Been using the Spending Plan from the start over 2 years ago… this will get you on your way…

https://help.simplifimoney.com/en/collections/2721888-getting-started

https://help.simplifimoney.com/en/articles/4212702-using-the-quicken-simplifi-spending-plan

SRC54

Welcome @Ghern99 You'll like the Spending Plan once you get the hang of it; it took me a while. and I started using it November 2021.

One thing I will say is that your recurring bills and subscriptions are put in a separate list in the Spending Plan and don't affect the Planned Spending bars. However, in reports, all spending is placed together in their categories. That took me a few months to get used to. Other Spending is anything not recurring or in the "budgeted" Planned Spending.

Enjoy getting to know QS.

UrsulaA

Check out some posts about the spending plan in the FAQ section. The post below may help. Welcome @Ghern99 !

Spending Plan Versus Budget — Simplifi (simplifimoney.com)

Coach Kristina

Hello @Ghern99,

Welcome to the Community!

If you need assistance, please feel free to post!