Newbie!
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?
Comments
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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.
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Rob Wilkens3 -
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.
Steve
Quicken Simplifi (Safari & iOS) Since 2021
Quicken Classic (MacOS) Since 20092 -
Check out some posts about the spending plan in the FAQ section. The post below may help. Welcome @Ghern99 !
Simplifi User Since Nov 2023
Minter 2014-2023
Questionable Excel before 2014 to present
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-Coach Kristina
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