Ability to set annual/overall Watchlist targets (edited)

cczh

Add ability to set annual watchlist targets (vs just monthly) useful for non-seasonal/non-monthly discretionary items like TRAVEL with the ability to view progress on a year to date basis against this (vs just monthly)

UrsulaA

I rather have this idea done.

https://community.simplifimoney.com/discussion/1067/annual-planned-spending-or-other-options-besides-monthly-edited-2-merged-votes

cczh

this is a completely different feature so would not like them confused, thanks.

Planned spending allows for annual budgeting (also a good option, as with rollover unused spending), but not annual tracking against that target / budget. Watchlist allows for annual TRACKING

UrsulaA

I understand. I am stating my preference.

bmichare

I would like this feature as well

Jds

Currently, the Watchlist feature only allows you to set up a Monthly Target. However, many credit cards offer bonus rewards points for spending up to a certain dollar amount and for a specific period of time, such as quarterly or annually.

For example the Chase Freedom Flex card offers 5 points (instead of 1 point) per dollar spent up to $1,500 in spending in specific categories during a given quarter. After you spend $1,500 in the quarterly category, you only earn 1 point per dollar spent on purchases in the specified quarterly categories.

Another example, to illustrate an annual spend limit, is the Amex Blue Cash card. This card offers 3% back in spending on groceries up to an annual spend limit of $6,000, after which you earn 1% on groceries.

If I could set up a watchlist with a customized target, such as a quarterly or an annual target, I would be able to easily keep track of when I reach the limit for the spending category, and put any further spending in those categories on a more lucrative card that would give me more than 1 point/1% back thereafter.

This feature would help me in maximizing my points-earning on my credit cards.