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.
How they work
All you have to do is plug in some info about your regular bills and costs, like how much they are and how frequently they occur. We’ll ask you to tell us how often to set money aside for these costs (say every Friday when you get your direct deposit) and then we’ll take care of the rest. You’ll be able to see what you’ve set aside for your bills, and your Safe-to-Spend will show you what you’ve got left over. (Your Safe-to-Spend is the money in your account’s Available Balance that you haven’t put towards any Goals or Expenses. Still got questions about what Safe-to-Spend means? No worries! Check out this article over here.)