Savings & Goals: Spend From Remaining Balance Instead of This Month's Income
Planned
I like to save for various categories across months. If it were just one or two big funds, it wouldn't matter so much. But most of my budget items are spread out over the year, and I'd like balances not only to carry over to the next month but also to be added to the “Available to Spend” section. If I save up for 3 months and then spend the money, that month will show that I have much less “Remaining to Spend” for the month because it thinks I spent that money from the current month and not from the fund.
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Official comment
We're happy to share that we currently have a planned solution for this on our product roadmap. While we don't have any additional details or a timeline to share at this time, we appreciate everyone who's contributed feedback in this thread.
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I have two new bills pop up that are charging every three months and this feature would be very helpful. I'd have to manually carry over the fund balance each month in the “income” section.
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Ditto
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Agree
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Yes, this solves the same problem I was having as well. Does the money you plan come out of the monthly spending as well? I would like for it to. Thank you!
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I could just deduct the money I spend in my fund from the “spent so far” and add the amount to the “remaining to spend” but that’s the purpose of having an app like this. It should do it for me. The money spent from a fund should be separate in my opinion from your monthly budget as long as you don’t go over the current amount within that fund. If I went over the amount in the fund in a month then it would make sense to take the difference out of the current monthly budget or the app could refuse to allow you to make a fund negative in the first place possibly. Even if there were simply a check box to select to exclude the amount from the monthly budget, that would work within the fund transactions.
This is a definite problem because after going on vacation I’ve saved for months, the app is going to tell me that I’m out of money for the month very soon, when my bank account tells a different story due to my income. Please change it!0 -
Yes! We simply ignore the remaining to spend number because the way funds calculate throw that number off every month. Including the total funds amount in the remaining to spend would be very helpful.
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I thought I was going crazy. But yes, this is an issue I was going back-and-forth on because now we’re out of debt. And focusing on savings. I really think they should revamp this section.
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Yes, please! My “remaining to spend” this month is -11k, because I bought a car using a fund that I had saved up for. As it stands, the Remaining To Spend feature is fairly useless.
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The available to spend also doesn't take into account the money going to my funds. So if I go over in one category it still says I contributed the whole fund amount even though I couldn't since a category was over budget so sometimes the fund amount is wrong but it still says I contributed the whole find amount
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This is one of a couple problems with the app. If you spend money in a fund, it subtracts it from your current budget. And if you just put money in a fund each month, it doesn't subtract that amount from your monthly budget. I mentioned this by email in the past but it still hasn't been fixed. When the big app revamp happened, I had hoped this would be fixed, but alas, it hasn't.
If we overspend on a fund, THEN it should take away from our monthly budget. I've had this happen plenty of times, and I have to manually figure out what really happened.
At the end of the month, I purposely take my actual income and go line by line through all my expenses so all the funds I have are calculated properly. The app SHOULD do this itself.
The other problem doesn't belong in the category, but we would love to see funds changed so it functions the way we use it!
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I ended up creating an expense section called savings. And I just made funds there and I put savings emergency fund, etc. But yeah, everyone’s experiencing the same issues.
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Same issue here, I bought a car for 10K and spent from a fund I’d been saving in, now my “Remaining to Soend” tile says I’m “7,300K because of this issue.
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