Expenses FAQs

Expenses FAQs


What are Expenses?

With Simple Expenses, you can automate the busywork of managing your recurring expenses - think rent, groceries, your water bill. Once you set them up, your budgeted funds are automatically tucked away, making it easier for you to see what’s left over to spend on fun stuff.

To create an Expense:

  1. Click on the Expenses tab at the top of the page.
  2. Click Add an Expense.
  3. Name your Expense, tell us how much you need to save, and when you need the funds by.
  4. Choose an existing Funding Schedule or create a new one.
  5. Once created click Money out. You can set up automatic spending so that specific transaction categories or merchants pull funds from your Expenses automatically. This can help you keep a true Safe-to-Spend.

To create an Expense:

  1. Sign into the Simple app and swipe right to pull up the navigation menu.
  2. From there, tap Expenses.
  3. Tap the blue + in the upper right-hand corner.
  4. Name your Expense, tell us how much you need to save, and when you need the funds by.
  5. Choose an existing Funding Schedule or create a new one.
  6. Tap the blue Create button to save your Expense.

That's it! Once created tap Money Out. You can set up automatic spending so that specific transaction categories or merchants pull funds from your Expenses automatically. This can help you keep a true Safe-to-Spend.

To create an Expense:

  1. Sign into the Simple app and swipe right to pull up the navigation menu.
  2. Tap Expense.
  3. Tap the blue + in the lower right.
  4. Name your Expense, tell us how much you need to save, and when you need the funds by.
  5. Choose an existing Funding Schedule or create a new one.
  6. Tap the arrow icon (next to the amount you're saving) to create the Expense.

That's it! Once created you can set up automatic spending so that specific transaction categories or merchants pull funds from your Expenses automatically. This can help you keep a true Safe-to-Spend. All you need to do is tap Money Out.

How to track and your Expenses

The Expenses page will show you a list of all of your Expenses, when they will be funded next, and how much they will be funded by. We’ll also send you an email when your Expenses are funded to help keep you in the loop and confident in your plan!

Other Expenses FAQs


What does “No automatic spending” mean?
This just means that you have not specified any merchants or transaction categories to spend from your Expenses automatically. We’ll still fund your Expenses like you asked, you’ll just need to spend from them manually.

What does "Short on funds" mean?
It means that your Expense currently does not have as much in it as you've specified that you need when your expense was "due". This could mean that your Safe-to-Spend is overspent, or that you did not have enough funds available to fund your Expense when your funding schedule rolled around.

If you'd like to fund your Expense manually

  1. Choose the Expense you’d like to move money in or out of.
  2. Hit Transfer.
  3. Specify the amount you’d like to transfer in or out of the Expense.
  4. Choose the direction your funds should move, and where they should go. Ex: From Safe-to-Spend to your Phone bill Expense or from another Goal or Expense to your Phone bill Expense.
  5. Hit Transfer again.


What does "Reach target balance" or "Set aside target amount" mean?
By default, on your next scheduled funding date we will fill your Expense back up to the targeted amount aka "reach the target balance". If you’d prefer, you can tell us to save a fixed amount instead.

For example:

Reach Target Balance (the default) If you create a "Grocery budget" Expense to set aside $100 every two weeks we will fill the Expense up to $100 on your funding schedule.

Set Aside Target Amount (optional) If you'd prefer, you can tell us to set aside $100 every two weeks, regardless of how much you already have saved. This means your Expense could end up with more than $100 in it.

To adjust this option

  1. Choose the Expense you’d like to adjust to bring up the details page.
  2. Hit Reach target balance or Set aside target amount.


What if I don’t have enough money to fund all of my expenses when my Funding Schedule rolls around?
Hey, it happens. If it turns out that you don’t have enough money to fund all of your Expenses, we’ll fund what we can. We’ll also include info in an email about which of your Expenses we were able to successfully fund. If you end up needing to move some funds around manually, you always can.

  1. Choose the Expense you’d like to move money in or out of.
  2. Hit Transfer.
  3. Specify the amount you’d like to transfer in or out of the Expense.
  4. Choose the direction your funds should move, and where they should go. Ex: From Safe-to-Spend to your Phone bill Expense.
  5. Hit Transfer again.


Why can't I attach this merchant or category to this Expense?
Categories and merchants can only be attached to one Goal or Expense. Most likely it's already been attached to another existing Goal or Expense.

My Expense is only funding up to a specific amount. I'd like to fund my Expense with the same amount every time, no matter how much is in there. Can I do that?
You sure can!

  1. Choose the Expense you’d like to adjust to bring up the details page.
  2. Hit Set aside target amount and tell us how much.


How do I spend this transaction from my Expense?
You can spend from an Expense by tapping on a transaction in your Activity, selecting "Spending from," and choosing the Expense that should be tied to that transaction.

What if I have a transaction or Expense that I don’t want spent automatically?
No worries! If you prefer to go hands-on, you don’t have to set up automatic spending. You can instead manually spend from an Expense by tapping on a transaction in your Activity, selecting "Spending from," and choosing the Expense that should be tied to that transaction.

How do I edit or delete an Expense?
Check out this article for steps.


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