Toshl Finance Blog

Left to Spend – The Gist of Your Finances in One Number (Web App)

As the name implies, this big green number tells you how much money is remaining for you to spend this month. It gives you quick information on where you stand financially right now, while keeping your budgeting goals in mind.

If you have set up a monthly budget, all the expenses in this month will be deducted from the budget amount and what you get is the “Left to spend” number.
If you don’t have a monthly budget for all expenses, expenses will be deducted from your incomes this month to get the “left to spend” number.
Left to spend with a monthly budget for all expenses
Left to spend without a monthly budget for all expenses
If you have already spent beyond your means or over budget, the “left to spend” number turns to the red “overspent”. It shows you how far over your monthly budget or your earnings you already went this month.
Left per day
The smaller number below left to spend tells you how much you can spend each day by the end of the month to keep your finances aligned with your goals. The number is simply the current “left to spend” number divided by the amount of days remaining in the current financial month.
Reduce spending to
If you have already overspent this month, the smaller number below will turn to the “reduce spending to” mode. This number tells you how much you should have spent per day to get through the month normally. It’s your monthly budget amount or the monthly income (if there is no budget), divided by the number of days in the month.
Including planned expenses – or not
The “left to spend” number can either include planned expenses and incomes – or not. Planned expenses are those which you have already entered in this financial month, but they are still in the future – they haven’t been due yet. These can be regular bills that you know are coming, but haven’t paid yet, incomes that should come in the future, but haven’t yet… You get the idea. You can set these to be included in “left to spend” and all the graphs by clicking the “time span” setting on the top of the page. In the overlay that opens up, turn the switch “Show planned expenses in graphs” either ON or OFF. Your wish shall be our command.
Posted in Personal finance, Tips & Tricks, Tutorials, Web App Tutorials