Expected totals (you find them under Actual totals on the sidebar of the main form) are a great feature of Simple Home Budget. How great? You will know if you have enough money for all regular expenses for any future month (or the rest of the current month), and also how much money you will have left for the current or any other future month for unexpected expenses shopping.
From where does Simple Home Budget get expected totals? It calculates expected totals using the schedule of recurring transactions. That’s why having recurring transactions entered is so important (and it also saves you time from entering the same transaction more than one time). So by having recurring transactions entered you will get the following benefits:
- Simple Home Budget will generate actual transactions for you, and you just approve them (you will still have full power and control and may edit transactions right on the approval spot)
- Provided schedule for recurring transactions will be used to calculate expected income and expenses, and you will see your budget figures without budgeting
- You will spend much less time in Simple Home Budget (you will have to enter only those ‘happy shopping’ receipts for which Simple Home Budget helped you save your money (and saved dollar costs twice more than earned one, as you remember from our previous posts)