Remaining balance / Ending balance

[markusthiel]

Hello again,

I have another question: How is the amount for the "Remaining Balance until 2026" calculated?
If I understand correctly, the "Ending Balance" simply shows me the amount remaining at the end of the year, including all income and expenses that I enter into the tables.

Greetings!

[simonwep]

Hey! :)

You're right about "Ending Balance", to compare this with "Remaining Balance":

• Ending Balance: total amount of income - total amount of expenses
• Remaining Balance: ending balance - in the past available income up to this month

So what "Remaining Balance" tells you, is the amount of income minus expenses you will have to work with until the end of the year. This may be helpful if you know there will be big expense at the end of the year, that goes way over the monthly available amount, and you want to know if you will generally be able to cover this even if you spend all the in the past available money already, if that makes sense?

I just noticed that this may be fairly niche, I for example use it to predict the future amount of investments I will probably be able to make until the end of the year considering I do it monthly I want all past income subtracted from it.

I feel like these cards should get a little (?) button with an explanation if you feel the same way 😅