What major expenses do you need to pay in the coming year?

Coach Blake
Coach Blake Administrator, Moderator admin
edited January 24 in Announcements
How to Pay Off 50000 in Credit Card Debt Strategies and Advice

Towards the end of each year, I personally start looking at my financial goals for the upcoming year and what I would like to accomplish. This can include paying off debt, or saving for a large purchase. 2022, is the year for paying off debt for me. I plan to utilize many features in Simplifi to obtain that goal such as watchlists, planned spending, and splitting transactions (including cash) to get there. 

We'd love to hear what expenses you are planning on paying for or off in the upcoming year and how you use Simplifi to achieve those goals!

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Comments

  • Flopbot
    Flopbot Superuser ✭✭✭✭✭
    edited December 2021
    @Coach Blake

    For me it’s not so much what big expense I’m going to make this year. As a new user of Simplifi in September 2021, I am really looking forward to just spending an entire year with the same software to see how it goes.

    Are my finances more under control? Am I spending money more wisely?  Have I learned the software better and am I maximizing its use?  Am I spending less time keeping a database (I.e. Quicken Desktop) happy and more time living life?

    Hopefully, that will put me on track to make big purchases in 2023.
    Chris
    Quicken Desktop user since 2014.
    Brand new to Simplifi in 2021.
  • SRC54
    SRC54 Member ✭✭✭
    My big expenses are in May/November when I pay the insurance bill for two cars and a house.  I don't really need to save up for them since I save every month by not spending.  One of the things in which I am disappointed is the Spending Plan, which doesn't show me how much I save.  (I know the Report Dashboard does).  It seems to think that Savings is a transfer from checking to savings.  I actually have a checking account that pays better interest so I just leave it there.

    Likewise, I consider the transfer from my paycheck to my Retirement plan is a savings item too, but Spending Plan thinks it is an expense. Go figure.
    Steve
    Simplifi since 2021
    Microsoft Money/Quicken since 1991/2009

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