How to use Planned Payments

Learn How to use Planned Payments
December 20, 2022

A Planned Payment is a revenue or expenditure that is expected to occur in the future. It can be recurring payments like Internet bills, monthly fees, salaries… or one-time payments like borrowing money and paying it back later.

Tracking Plan Payment
Tracking Planned Payments

To create a planned payment, go to More > Planned Payments, then select the + icon in the upper right corner of the screen.

Create a planned payment
Create a planned payment

You can create four types of planned payment:

1. Recurring Transactions: Include recurring income (e.g., salary) or spending (e.g., Internet bill, monthly debt installment).

2. Recurring transfers: E.g., Monthly transfer to pay off credit card debt.

3. Recurring savings: Recurring open savings account.

4. Cumulative savings: Recurring deposits into a savings account.

Planned payments fields
Planned payments fields

Repeat: How often the transaction should occur.

Payment Date: The expected date the transaction will occur

Until: The expected end date of recurring transactions; you can choose the end date or how many times the transaction will occur (e.g., recur 48 times).

Confirmation: When the payment is due, the transaction will either automatically generate without your confirmation or you will have to confirm it manually.

Reminder: Sends an in-app notification to remind you that your payment date has arrived.

See some more tutorials:

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