How to best caption spending patterns/habits for jointly held accounts and individual ones
Hi there ,Pretty new Simplifi user here. First and foremost, how do I schedule a time with a coach/telephone call? Want to make sure I'm maximizing all the benefits.
A question for more experienced folks. Rather, here's the scenario. Wife and I are married. Our arrangement is that we have several joint bank accounts (HYSA and everyday fund), a joint investment account (Fidelity), and we share one credit card. Other personal/non-familial expenses I put on one of several cards and have my own investment, banking, and retirement accounts.
I want to have a very clear idea of a) what I'm spending each month personally on individual items AND joint purchases and what percentage of my monthly income I'm using on a variety of purchases. Everything on one credit card would technically be split...so I want to see how much I'm spending eating out jointly (1/2 of my share of the joint credit card) and then any times I eat out on my own -- so I can see all my 'restaurant' expenses from both a joint perspective and an individual one. If that makes sense. This way I can get a clear picture of my income in a month; how much was allocated to joint expenses (and what categories); how much to individual expenses (and what categories)...and then, plan a budget from there.
Thus, how can I best represent the following
Bank Accounts - Joint with wife
Investment accounts - Joint with wife
One Credit Card - Joint with wife
Other Bank Accounts - Just me
Other Investment accounts - Just me
Multiple credit cards - Just me
Question I want Simplifi to answer: how much in the past months have I spent on joint purchases/family things, and how about just for myself. What can I expect, using these numbers, to spend in the future and/or best budget accordingly based on this information?
Thanks in advance for the help!
Scott
Best Answer
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Hello @Skisox9,
Thanks for reaching out, and welcome to Quicken Simplifi! If you want to ever call our support team directly, this article explains how:
As for how you want Quicken Simplifi to work for you, based on your post it seems like you would want to take advantage of the Reports section in Quicken Simplifi, as you would be able to Breakdown your Spending by category, payee, and tag there, as well as Filter for specifically what you want to see a report for.
I hope this information helps!
-Coach Jon
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