Did you know that your Spending Plan has a place dedicated specifically to items that fluctuate month-to-month, such as groceries and gas, as well as other one-time expenses that you're expecting for the month? We know that budgeting groceries and birthdays is just as important as your mortgage payment and utilities, and we've got you covered with our Planned Spending feature!
You can access the Planned Spending section by selecting "Spending Plan" from the panel on the left-hand side, and then selecting "Planned Spending". Here, you'll be able to add items by selecting the 'Add Expense' tile, choosing whether the expense is one-time or for every month, and then filling out the information. You'll see a handy progress bar that shows you where you're at for the month for each item, and you also have the option to drill down even further by selecting the tile for the expense that you'd like to view.
Once you think you've spent all that you're going to spend for the month in a certain area, you can release the remaining funds back to your 'available to spend' funds, knowing that it's safe to spend that money elsewhere.
This is a great tool for planning birthdays, holidays, or other one-time expenses, as well as for making sure that your groceries for the month are covered! You can also gain insight into some of your spending habits by having the ability to compare your prior month's Planned Spending items to what you're currently spending on those items!
For more details on using Planned Spending in Simplifi, please check out our Support Article
here.
Please also let us know how you use Planned Spending in Simplifi!
