Update next reminder amount for credit cards automatically using the account balance (edited)

I'm going to vote for this, but I can imagine it can get kind of complicated deciding how and when to set up this functionality - where and how would you prompt for it and explain it (you might not want this on all accounts. You need to prompt for the approximate day of the month the statement ends and then decide what day of the month you want to schedule that payment for each month. Even then, the actual dates can change month to month — things like weekends can affect them; also, with some banks, it's every 30 days other banks are a day of the month).

Sometimes it feels like this whole thing is being way over thought and being made way more complicated than it really is or needs to be.

If one is managing their finances appropriately (i.e. expenses are less than income for whatever period of time one chooses to set (In Q-Simplifi the time horizon is monthly). I have a highly predictable amount of monthly income. This has been the case all my working life going back to 1968 and even before if I count my paper route. By the same token I have had fairly stable monthly expenses. Both income and expenses have certainly changed through the years and for most years income exceeded expenses.

Q-Simplifi is set up to give you a way to capture all your routine, recurring income and expenses on a month-to-month basis. These are broken down into fixed expensed and flexible expenses. Monthly bills and subscriptions (however you want to distinguish the two) along with the ability to set up contributions to any type of savings you want to do monthly. You can now even include transfers and credit card payments if these actually impact your monthly inflow or outflow. Flexible, but predictable monthly expenses such as transportation costs, groceries, find a home in the Planned Spending section where you can set the limits you want or need.

When it's all added up and adjusted you are given a bottom line for the upcoming month and the opportunity to make adjustment as needed to make you monthly financial life balance out.

If you are using CCs to pay for some or all of your spending plan, the credit card account that is expressly used to pay for routine monthly expenses and is fully paid off each month is not a separate expense - it is simply an extension of your cash accounts. @y11 , for example, uses credit cards - and lots of them it appears - for the rewards and benefits the credit card companies offer to incentivize us to use them. These incentives are meaningless if you don't pay off the balance monthly thus avoiding the exorbitant interest charges. They give us a little bit of what the merchant pays them to make a credit card service available to the consumer, but hey, whatever it takes, right? Now I'm overthinking this!

OK, I also pay a number of bills through my credit cards for much the same reason as @y11 . But using the CC means I didn't take that cash out of my cash account and send it to my biller. Nevertheless, Simplif notes that a bill was paid and doesn't care how I paid it. The cash I need to cover that expense sits in my cash account until I decided to bring my CC account current. Then I send the cash I would have sent to the merchant to the CC company instead because they have already sent money on my behalf to the original biller. Thus a payment to my CC is not and expense. It's just a shuffling of money from a Pay-before-you-play account (cahs account like checking) to a play-now-pay-latter account (i.e. credit card).

Therefore, I pretty much know what my cc balance is going to be every month since that balance reflects my normal everyday spending that I track in my Spending Plan and, as stated earlier, is and has been very stable for many years (taking into account of course increases in income, expenses due to inflation and rising level of lifestyle related to the income increases and other factors that for the most part are predictable enough to be able to use something like Q-Simplifi's Spending Plan.

The feature @y11 is requesting may be useful but not sure how necessary it would be for someone who uses CCs responsibly.

I agree with @n8likes2Save - I was testing the Bill Connect service to connect my billers and while I was aware that Capital One and other banks do not play with bill connect, I could not even connect xfinity or Mint Mobile.

Update: Just connected GEICO.

Being able to connect the credit card bills with the recurring reminders will be a time saver to estimate cash flow from my checking account. The expense equation is already covered with the spending plan. For now, I have a notification set up on each credit card letting me know of the statement balance and autopay set up to pay such balance. When I get the notification, I will update my reminder to pay the credit card bill with the statement balance. Will love if Simplifi saves me this manual step. Agree with this.

I am also using the credit balance to estimate statement balance as @DannyB outlines in his post.

Until Simplifi implements this feature, I will be tracking my credit card statement balances and due dates by updating the reminders in Simplifi manually to keep my projected checking account balance updated. I move money from a high yield savings account to checking to cover expenses. I am earning interest in idle cash.

I am using a competing free app that gives me credit card statement balances and due dates all in one place. That app is helping me gather the info to update my Simplifi reminders. However, I find that my credit card balances in Simplifi are accurate. I just need the amount of what I am paying the credit card to keep my checking account projected balance accurate and to not bounce any payments.