Funding & Spending from Expenses

Funding & Spending from Expenses



Funding your Expenses

With Simple's Expenses, money is tucked away into labeled buckets, the moment you get paid. No more gut feelings or guessing games. You can have confidence knowing your money is budgeted exactly where it should be. More information on the two "buckets" here.

Funding Schedules

Funding Schedules do the work of stashing money away into your Expenses at a set time of your choice. To set up a Funding Schedule for an Expense:

  1. Tap on a created Expense.
  2. Tap the "Money in" section.
  3. Select "Add Funding Schedule". We'll ask you what timing you want for your Funding Schedule, and what you want to call it.
  4. Once that's created, apply the Funding Schedule to any Expenses you want, to magically be funded on the day you set!

If you'd prefer to move money into an Expense on your own schedule, you can set the Expense to "Money In: No automatic funding". Then use the "Transfer" button whenever you want to stash money in that Expense.

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Spending from your Expenses

Say it's time to pay rent, and you have a rent Expense with the full amount saved up. You can tell Simple Expenses to automatically use that stash of money when your rent transaction hits your account.

To set up Auto-spend on an Expense:

  1. Tap on the Expense to bring up the details page.
  2. Tap "Money out".
  3. Select which transaction categories you want to spend from that Expense.
  4. That's it! The next time a transaction with one of those categories hits your account, it will automatically use money from that Expense.

If you prefer to go hands-on, you can 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.

Funding Schedules

Funding Schedules do the work of stashing money away into your Expenses at a set time of your choice. To set up a Funding Schedule:

  1. Tap on a created Expense.
  2. Tap the "Money in" section.
  3. Select "Add Funding Schedule". We'll ask you what timing you want for your Funding Schedule, and what you want to call it.
  4. Once that's created, apply the Funding Schedule to any Expenses you want to magically be funded on the day you set!

If you'd prefer to move money into an Expense on your own schedule, you can set the Expense to "Money In: No automatic funding". Then, use the "Transfer" button whenever you want to stash money in that Expense.

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Spending from your Expenses

Say it's time to pay rent, and you have a rent Expense with the full amount saved up. You can tell Simple Expenses to automatically use that stash of money when your rent transaction hits your account.

To set up Auto-spend on an Expense:

  1. Tap on the Expense to bring up the details page.
  2. Tap "Money out".
  3. Select which transaction categories you want to spend from that Expense.
  4. That's it! The next time a transaction with one of those categories hits your account, it will automatically use money from that Expense.

If you prefer to go hands-on, you can 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.

Funding Schedules

Funding Schedules do the work of stashing money away into your Expenses at a set time of your choice. To set up a Funding Schedule:

  1. Tap on a created Expense.
  2. Tap the "Money in" section.
  3. Select "Add Funding Schedule". We'll ask you what timing you want for your Funding Schedule, and what you want to call it.
  4. Once that’s created, apply the Funding Schedule to any Expenses you want to magically be funded on the day you set!

If you'd prefer to move money into an Expense on your own schedule, you can set the Expense to "Money In: No automatic funding". Then, you can tap on an Expense and use the "Make a transfer" button whenever you want to stash money in that Expense.

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Spending from your Expenses

Say it’s time to pay rent, and you have a rent Expense with the full amount saved up. You can tell Simple Expenses to automatically use that stash of money when your rent transaction hits your account.

To set up Auto-spend on an Expense:

  1. Tap on the Expense to bring up the details page.
  2. Tap “Money out”.
  3. Select which transaction categories you want to spend from that Expense.
  4. That’s it! The next time a transaction with one of those categories hits your account, it will automatically use money from that Expense.

If you prefer to go hands-on, you can 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.

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