Why use it?
If you want to know see how your spending is changing over time this is the widget for you. You will be able to see how your spend in up to 4 tags changes over a period of 3 -12 months.
It can also help you identify anomalies in payments & identify months of high (or low) expenditure.
How it works
Pick up to 4 high level category tags & set a time period (from 3 -12 months) to see a bar chart of your total spend in those categories over time.
- Set your date range: click the ‘calendar ‘icon in the top right & select either a pre-set or customer date range. Last months spend is a good place to start.
- Resize your widget: if you are looking over a longer period, like a year, you might want some more space! Give your graph some more room by selecting the ‘change widget size’ icon (boxes) in the top right
- Decide which tags you want to include: you might want to exclude some spend categories, for example transfers. Just click the ‘settings’ (cog) icon on the top right & untick any tag you want to exclude
- Examine your spend patterns: you’ll be able to see how spend in your chosen tags changes over time
This is a great tool to check how your spend is changing over time. You might be interested to see your progress over time, if you’ve been working hard to reduce spend in certain areas it can be pretty gratifying to track your progress.
It can also help you flag up when trends are going in the wrong direction – maybe you notice you’re spending a little bit more each month going out. It can also help you identify anomalies in payments. For example, you might notice a variation in spend one month which could be an indication of a missed regular payment or an unexpected bills.
Spending spikes can become obvious which you can investigate further using the ‘outgoings by group widget’.
If you want to see exactly what you spent your money on in a particular month, check out the “outgoings by group” widget. In the example below you might want to check exactly why you had such high expenditure in June - was it a holiday or something else? Was the spike in insurance payments in June something you should be planning for next year?
If you want to set yourself goals or track a specific sub-category of spend, why not set up a budget?