Ability to add Planned Spending Items to our Projected Cash Flow [edited] (4 Merged Votes)
Comments
-
I've thought about that but since I like to update the statement amounts, going with $1 makes it easy to see which reminders still need to be updated. I do see an advantage though the the averages method since you can "sort of" project for further out than just one month. It would probably work better for someone who just has one or two credit cards (I have a few and so each card's monthly average could vary a lot).
0 -
Ahh, yea see I'm the opposite and want to do as little manual updating as possible. I'll leave the current amount alone until such time as the idea to pull statement due balances from the banks get implemented.
And yes on an individual card basis my averages can be wildly off because i spent more on card A instead of card B this month. But the sum total is still relatively accurate for a 3-6 month projection. The only thing that trips it up is unplanned major purchases like a new furnace or roof.
0 -
Got it! For me, the few minutes a month that I spend updating those reminders is well worth it to help me keep stay on top of my upcoming cash flow for my checking account (and transfer funds in and out of savings as needed). I do see the benefits of just taking an average, though, if only there was a way to have the benefits of both ways :).
0
