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Expensify Registered user
Subscribed 5 years, 7 months ago
<html xmlns="//www.w3.org/1999/html">
<body>
<p>
It's the season for reflecting on how last year went, and what can be done to make this year better. One common refrain is asking "how did I end up spending so much on that?" The answer is generally pretty simple: one small purchase at a time, with a steady trickle that added up faster than expected. With that in mind,
<strong>
we're very happy to announce "tag and category budgets"
</strong>
– the easiest way to catch these financial leaks before they flood your basement.
</p>
<p>
</p>
<div>
<a target="_blank">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fd2k5nsl2zxldvw.cloudfront.net%252Fimages%252Fnewsletter%252F2024-01%252Fbudget_newsletter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMms1bnNsMnp4bCIsInRpbWUiOjE3MDU5NDE1NjQuNzAzMjg0fQ:1rRxKW:xGOzQJ3IpG2noXXfUyCmNYBu_4NKVPf4DC1q9dbpkx0" style="max-width: 100%; height: auto;" width="800"/>
</a>
</div>
<p>
The feature works exactly as its name implies:
</p>
<ol>
<li>
Edit an
<strong>
expense category or tag
</strong>
(like, "Travel expenses" or "Project X").
</li>
<li>
Pick a
<strong>
budget period
</strong>
(such as "monthly", or "yearly").
</li>
<li>
Assign a
<strong>
total workspace budget
</strong>
, summed across all workspace members (in case you have multiple, though
this works great for sole-proprietors with no employees as well).
</li>
<li>
Assign a
<strong>
per-member budget
</strong>
, to regulate each individual member's spend.
</li>
</ol>
<p>
Hit Save, and we'll let you know:
</p>
<ul>
<li>
Whenever anyone spends over 50% (or whatever threshold you pick) of the budget for the first time this period.
</li>
<li>
And again once the budget has been 100% used.
</li>
</ul>
<p>
The notification is delivered via email, as well as in New Expensify to your workspace's #admins room, with a link
taking you straight to the spend so you can update your forecast. It's an easy solution to a hard problem, and
you can set it up three different ways:
</p>
<ul>
<li>
Ask your account manager to set up a call to walk you through it.
</li>
<li>
Read more about
<a target="_blank">
<span style="color:rgb(17, 85, 204);">
tag and category budgets online
</span>
</a>
.
</li>
<li>
Or just hit
<strong>
edit
</strong>
on your favorite tag or category and set it up.
</li>
</ul>
<p>
As the old saying goes:
</p>
<p>
<em>
The best time to
<s>
plant a tree
</s>
</em>
<em>
create a budget was a long time ago. The next best time is right now.
</em>
</p>
<p>
Give budgets a shot and make 2024 your best year yet!
</p>
<p>
-david
<br/>
Founder and CEO of Expensify
<br/>
Questions? Ask me on
<s>
Twitter
</s>
X!
<a target="_blank">
<span style="color:rgb(17, 85, 204);">
@dbarrett
</span>
</a>
</p>
PS:
<a target="_blank">
<span style="color:rgb(17, 85, 204);">
New Expensify
</span>
</a>
is starting to get really good. It's already great at settling friend-to-friend debts, splitting bills between
groups of friends, and chatting in groups across platforms (Android, iOS, web, with both your email and SMS
contacts). But coming real soon here is full blown multi-organization enterprise chat and task management – not to
mention a truly realtime take on financial collaboration inside and between companies. 2024 is going to be a big
year for the Expensify community. Get ready!
<p>
<i>
Sent by: Expensify, Inc. - 548 Market St #61434 - San Francisco, CA 94103
<br/>
To unsubscribe, please click
<a>
here
</a>
</i>
</p>
</body>
</html>
1 year, 8 months ago - davidb@expensify.com
[Expensify] New for 2024: Budgets to keep your expenses in check
It's the season for reflecting on how last year went, and what can be done to make this year bett...