Reflect CC pay down on Cash Flow Projection

NicPlanner

When looking at cash flow projections, it only seams to show it going the cc balance going up as there are recurring bills on there but it does not ever show it going down to reflect payments. What if someone pays off their CC in full each month? It would be nice to see that reflected in the cash flow chart when looking forward. A

UrsulaA

Hi,

I see my balance going down as I set up a recurring transfer from my checking to the credit card. I am scheduled to pay my statement balance on January 9 and my projected balance goes down.

However, future charges are not scheduled as a series, hence a negative balance shows up next month. This projection is good for a month ahead but not further, unless I set up recurring bills or subscriptions for future charges. Planned spending is not viewable in projected cash flow without a recurring series set up.

Check out these articles on setting up a recurring series for a transfer from checking/credit card payment.

https://help.simplifimoney.com/en/articles/3625912-managing-recurring-transactions?q=recurring+transfer#h_a506384d86

https://help.simplifimoney.com/en/articles/5274786-using-projected-cash-flow-on-the-mobile-app

UrsulaA

Also, my checking account balance goes down by the amount of the credit card payment on projected cash flow if the transfer series is set for both sides of the transfer.