Some things you buy don’t have a regular schedule. You may buy groceries once or twice a week, go out for dinner on a whim, or buy gas when your tank is nearing empty.
Claratii, however, still needs a schedule so it can create your projections. I like to use a weekly expense based on my last three months of spending.
Follow these steps to come up with the amount you should enter.
- Total up the amounts you actually spent on the expense in the last three months.
- Divide that total by 12 (there are about 12 weeks in three months).
Example: Gasoline Expense
I use Mint.com to track my spending, so totaling up the last three months of gasoline charges is very simple. If you’re using your bank’s online check register or a paper check register, this may take you a little longer. Mint says that in the last three months, I spent $835.22 on gas.
So, on average my weekly gas spending was dollars.
With that, I simply need to create a new expense called Gas for 69.60 which occurs every week starting next Sunday (the day of the week I find I most often buy gas):
The great thing about Claratii is that you don’t have to be spot in with your numbers or dates. The same applies to averaged expenses; this method does a good enough job and with that Claratii can make pretty good projections of your account balance. Try it out.
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