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Monthly Planning

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Set up a Monthly Plan

Monthly Planning is a Feature that will help you split your financial life into three parts:

  • Bills
    The amount spent on things you can’t avoid. This include the following Parent Categories and their Child Categories: Bills & Utilities, Fees & Charges, and Education.

  • Savings
    The amount you wish to put towards your dream each month.

  • Spendable
    The amount, that is left for you to spend on your day-to-day expenses.

Before proceeding you’ll have to prepare a couple of things:

  • Calculate your monthly average income.
  • Look at your previous financial month and come up with an estimate on how much you spend on these 3 Fentury categories : Bills, Education, Tax & Fines.
  • Figure out how much out of your monthly income you want to save each month.

The next step is to introduce your Monthly Average Income, and the amounts you came up with for Bills and Savings.

Monthly planning

Fentury will automatically calculate what’s left and assign it to Spendable. This is the amount that can be spent during the month, without affecting your Bills and Savings funds. By default, it’s shown on your Overview Screen and separated into the number of days in the current month.


It can be seen as Monthly.

Monthly spendable

As well as Weekly.

Weekly spendable

You can view your daily Spendable limit by looking at a specific day. By pressing the Spendable button on the Overview screen, you can see how much you already spent, and the amount that you planned to spend during this month. Fentury will notify you, when the planned amount is going to run out.

It’s up to you how much is assigned to each part. By default Fentury will used one the classic Planning formulas - 50/30/20. Where 50% are assigned to Bills, 30% to Spendable, and 20% to Savings.

You can read more about Monthly Planning in our blog.


Set up a Saving Goal

This is a feature that will help you set up a Saving Goal, know how long will it take to save for it, and track your progress.

The first thing you need to do before creating a Goal, is to set up a Monthly Plan. To calculate the time it will take to achieve a goal, Fentury needs to know the amount you’re willing to put into Savings each month. If you haven’t set up a Monthly Plan yet, you can find out how, here.


When you’re finished with Monthly Planning, proceed to the Goals screen. Press Add Goal to create your first one.

Add goal

You will be presented with four choices. Three of them are default Fentury Goals: Save for Vacation, Buy a Car, and House Repair. The fourth one is for you to create a Custom Goal. Press on one of them to proceed.

Goal form

Once you’re in the Goal creation screen you can proceed with the next steps:

  • If you wish to change the default image, press the image to upload a custom one up to your liking.
  • Name the Goal.
  • Input the amount you need to accomplish this goal.
  • Fentury will estimate the date on which it will be accomplished, based on the amount you indicated in your Monthly Plan.

After you’re done with that you can set this Goal as your Main one, or disable it for the time being. You can only have one Main, trackable goal at the same time. In case you wish to switch to another Goal, you can come back to this one and disable it, at any time.

When you finished customizing your Goal, press the Save button.


Once you return to the main Goal screen, you will see your Goal. Here, you can track your progress and see how much of the needed amount, you already saved.

Goal item

When the necessary amount is saved, press the Accomplished button. A congratulatory image will appear, which will allow you to share your accomplishment with your friends, via social media (only if you want to, of course).

Share goal

After accomplishing your goal, you can find it under the Accomplished tab, on the main Goal screen. Here you can delete, un-accomplish, or share it on social media in case you decided not to, the first time.

Accomplished goal item

Schedule Future Transactions

This feature is meant to help you keep all your future transactions in mind, to avoid forgetting to pay even one of them on time. You can set your monthly bills as Recurring Transactions, or set a certain expense you’re afraid to forget as an One-Timer.

The feature has 3 separate tabs - Schedule, Calendar, and Rules.

You can schedule a transaction from by using Fast Add and choosing a future date. Also you can do that on the Calendar screen.

The Calendar is a visual representation of your scheduled transactions. Your day-to-day transactions, cannot be seen here. You can see only the scheduled or recurring ones.


To schedule a future transactions press on the square with the date you need.

Calendar

Here you can choose, to schedule this transaction as Income or Expense, as One-Timer or a Recurring Transaction. Let’s say that you receive your paycheck each month on the first. After adding the necessary amount and assigning a category, press on the Date field. Here you can input the Recurring Period for this particular transaction. In this scenario you choose Monthly on the first day.

Add income calendar

You can also set a Weekly recurring period. Let’s say you be Fuel for the whole week, on each tuesday. Press the date field, choose Weekly, and the day of the week on which this transaction should be generated.

Add expense calendar

One-Timer transactions are scheduled in a similar manner. Simply choose the date, input the amount, and assign a category, without setting a recurring category. Fentury will generate this transaction only once.


On the Schedule screen you can see all the transactions that you have scheduled for the 30 days, as well as the total amount of expenses that you can expect.

Schedule

On the Rules screen you can see each Recurring Transaction that you created. You can also modify the recurring period, or delete them altogether. If you delete a rule, no future transactions will be generated, but the ones that were already created will remain on the transaction list.

Rules

Fentury will make sure to notify you one day prior to the scheduled transaction, and on the day that the transaction will be generated.