Planned Spending - Add One-Time Expense that crosses Multiple Months

Flopbot

Greetings,

Please consider adding a "One-time expense" that can span multiple months.  For example, this could be used for things like small home projects, vacation spending, etc.  The idea would be that I've set a spending cap of $100 on my "Home Plumbing Project" and this would let me know how much I have left to spend.



I understand, there are probably challenges with this idea that I haven't considered; however, I could see this being a very beneficial idea.  I'm guessing only any money spent in that month would get counted against the Spending Plan for that month.

If this functionality exists somewhere else in Simplifi, please do let me know.

Thank you.

Coach Natalie

Hello All, 

This Idea seems to have fallen stagnant, and due to the age of the request and lack of user votes/comments, will be archived within the next 10 business days.

If you would like to see this Idea kept alive and considered for possible future implementation in Simplifi, please be sure to add your vote and a comment explaining how this request would be beneficial for you. More details on voting for Idea posts can be found in our FAQ here. 

Thank you,

Simplifi Community Support Team

Abi Pop

If I've added a one-time planned spending amount, it would be nice to be able to move it to another month. Currently, you have to delete and re-add it if the expense moves (e.g., a vacation).

EL1234

I would totally use this! An example would be a home renovation project where the money comes out of a savings account but won't all get spent in one month. If you want to account for it in Spending Plan you need to either: keep adjusting the spending plan amount for that month, or mark each transaction as a one time bill, or ignore each transaction. This is a lot of manual work and leaves lots of room for errors to sneak in and ruin the budget.

mmmartian

I love this idea! I am a teacher and a parent, which means I only pay for child care during the 9 months out of the year when I am working. I would love to budget my child care expenses for the span of the 9 months when I'm actually using it. This would also work great for school-related expenses such as lunches, school supplies, books, and tuition.

mmmartian

I would also use this for Christmas shopping. I typically spend my Christmas budget over 3 months. I don't consider it a savings goal because it's not something I typically save up for; it's just an added expense come Christmastime.