Income

Your bills

When getting started with a new cash plan, it could take a year or more before you have all of your bills added primarily because of infrequent payments, such as magazine and digital subscriptions. Annual payments can be difficult to identify until you receive the next bill.

You typically won't be spending much time with the bills in your cash plan other than adjusting the payment amount when you receive a bill for which payments can vary each month. Less frequently, you will edit a bill when the company changes the payment amount. 

You will pay bills twice each month on the date of the first column in your cash plan spreadsheet. How long it takes for you to pay bills depends on the payment methods you use. The more automatic your payments, the less time you will spend paying bills.

Playing "What If?" with your bills could happen when you:

  • are contemplating taking on a new loan;
  • want to accelerate paying off debt;
  • want to see how your net cashflow will be affected by stopping or adding a bill.

The safest way to play "what if?" with your bills is to:

  1. clone your cash plan;
  2. in the cloned cash plan, make your "what if?" changes;
  3. if you decide to go ahead with the changes, make the changes in your cash plan;
  4. delete the cloned cash plan.

Index

Adding

Editing

    Day-to-day activities

    TOC