nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Spending Plan - Adjusting for Paycheck Coming in prior month

fantasmic

https://community.simplifimoney.com/discussion/11670/my-budget-runs-from-the-15th-to-the-15th-of-the-following-month-best-practices

Hi all! I did look at this closed post linked above, but did not feel it adequately addressed my question. I get the "fiction" that is the spending plan and certainly have work arounds for it, partiuclarly in months when the second paycheck is very late in the month or I have three paychecks that month.

My question/problem is that once you are classified as "Overspent" on your Spending Plan, the categories/designations turn into one big red circle. I know I haven't really overspent in the month because it's not taking into account the income from the previous month (and conversly, the previous month says I have a lot left-over when really, I don't).

Is it possible to still have the breakdown like in non "overspent" months so you can still get an idea of what your spending trends are?

[corrected link to other thread]

Find more posts tagged with

Spending Plan

Comments

Coach Jon

Hello @fantasmic,

Thanks for reaching out! We do have a great idea post you can vote for that would allow you to customize a budget cycle specific to your paycheck/needs, instead of on a monthly cycle here:

https://community.simplifimoney.com/discussion/2207/customize-budget-cycle-as-opposed-to-month-to-month-3-merged-votes

I hope this helps!

SRC54

Since you got extra income and did extra spending that month on purpose, I would adjust my spending targets for that particular month accordingly. Because you didn't really overspend, your budget was just different that month.

I think of my spending targets as just that, a target, and at the end of each month I zero out the underspend/overspend and move on to the next month.

I understand that many users like to see when they overspent or underspent so they leave them alone, but in your case, you didn't really overspend so just re-target for that month.

**Of course, when you underspend, you really do need to release the funds so you can see how much you "saved". Or rollover, but I don't do that. That just gives me permission to spend too much the next month. 😁