Overview projections based on budget
M
Michael Bacon
The overview's Projected Net Income and Projected Savings Rate do not take the budget into account. Both are pulling from recurring expenses and from current transactions instead of from the budget, which results in a misleading, inaccurate projection.
To be a useful, accurate projection, it would need to be based on whichever is higher, either:
a. a combined total of recurring expenses and current transactions for the month
b. budgeted expenses
However, recurring expenses + current transactions is still a useful number that could be described as "unspent income from this month" or something like that. That would be a helpful number to display on the budget page.
To clarify, I propose that the formula should be something like this:
the projected net income = non-recurring income acquired + recurring income acquired + recurring income remaining - total expenses - budgeted expenses
Similar but different idea: https://feedback.lunchmoney.app/overview/p/show-budgeted-amount-in-period-summary-for-comparison
Log In
Din from Lunch Money
Merged in a post:
Feature Request: Toggle for 'Budget-Based' Projected Expenses
L
Lonnie Kraatz
Problem: Currently, Projected Expenses only accounts for Remaining Recurring Items (fixed bills). For users who utilize a Zero-Based Budgeting approach, this creates a "False Hope" surplus in the Projected Net Income widget because it ignores unspent funds already allocated to flexible categories (Groceries, Gas, etc.).
Proposed Solution: Add a toggle in the Budget Settings to change the calculation logic for Projected Expenses.
Option A (Current): Projected Income - Remaining Recurring Expenses
Option B (Requested): Projected Income - Total Budgeted Expenses
Goal: This would allow the Period Summary to match the Left to Budget reality, ensuring that if $1,000 is budgeted for food, it is treated as a "projected expense" from Day 1 of the month.
M
Michael Bacon
To clarify:
I propose that the formula should be something like this:
the projected net income = non-recurring income acquired + recurring income acquired + recurring income remaining - total expenses - budgeted expenses