Smoothing Annual Expenses

the_scottster
the_scottster Member ✭✭✭
edited December 2023 in Using the Spending Plan

I'd like to show a fixed amount (say $1,000 a month) that represents my annual bills such as property tax, property insurance, etc. Is there a way to do this? I have excluded by tax and insurance payments from my spending plan because they represent such a huge spike.

Long time Mint user jumping into Simplifi-world!

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  • DannyB
    DannyB Superuser ✭✭✭✭✭
    Answer ✓

    Right now the only way to do this is to set up a savings goal with a recurring monthly contribution in the amount you determine to cover these annual expenses. When the expenses are paid out you will want to mark them exclude from spending plan since you have, in essence, been "paying" these expenses monthly via your SG contribution.

    Danny
    Simplifi user since 01/22
    Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer

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