Spending Plan: month to month confusion
I posted this in the /r/budget reddit, but I realized this probably makes more sense to be asked here.
This month shows that I will have $50 available, and next month shows I will have $300 available. I have all bills and planned spending accurate for our needs.
I get paid ~$2,000 on the 15th and 30th each month…but I also pay rent($1,400) at the end of the month or 1st of the next.
My Cashflowy app shows that I will be -$400 to -$530 on some days for the next couple months. I can be flexible with some due dates and variable expenses.
Because of this, I don't feel like I can totally trust the information Spending Plan is showing me. Doesn't this mean that I am about -$500 behind?
Or does this just mean that I need to push back expenses for the last half of this month another couple weeks so that I can cover my rent? But then wouldn't that also mean that I am probably financially two behind?
Best Answer
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Figured it out. Spreadsheet for the win.
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Answers
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@jonathanhatch , yah spreadsheets! Your “cashflowy app”? Simplifi?
Chris
Spreadsheet user since forever.
Quicken Desktop user since 2014.
Quicken Simplifi user since 2021.1 -
Cashflowy is a separate app that just manually tracks cash flow of a single account. Pretty nifty. It's very beneficial to see how every decision effects accurate future projections to get out of a paycheck to paycheck cycle, or if you just want to see very simple growth.
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