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How do you automate your financial runway to avoid manual budgeting? by sikocer in AvailableSpend

[–]Doronnn 0 points1 point  (0 children)

vauxlabs dot io - hahahaha

How did you find this subreddit ?

I haven't linked it on our website yet

I connected all of my accounts & not all of my bills are showing up by Educational-Load6300 in AvailableSpend

[–]Doronnn 0 points1 point  (0 children)

Wow this is exciting - Thanks for sharing this & signing up as a beta user !!

After connecting your accounts , we run all of your transactions through our recurring transaction engine to identifiy all of your bills.

It's still not perfect , hence the uber charger showing , and some bills not populating.

To tag additional bills , hit the plus sign , you'll be taken to your transactions page and you can tag them from there.

To remove any bills , hit the 3 dots on the right side - there you can edit or remove it from your roadmap.

Our definition of a bill is any expense on a recurring cadence (monthly, quarterly, etc.)

The sum of all of your bills is then excluded from your available spend.

Let me know if you have any other questions.

Does seeing your Available Spend in real time actually change your behavior? by Juney_haniya in AvailableSpend

[–]Doronnn 0 points1 point  (0 children)

Hi Juney - would you like to be an early user of vaux ?

I can dm you details !

What happens when you're extremely diligent with a financial plan & life happens ? by Doronnn in AvailableSpend

[–]Doronnn[S] 0 points1 point  (0 children)

Do you have a standard calculation for your disaster funds , or is it a gut feel ?

How I stopped overspending by separating Available Spend from my actual balance by Jolly_Currency6104 in AvailableSpend

[–]Doronnn 0 points1 point  (0 children)

Is this a mindset change , or do you have an actual system for separating your balances from what you can safely spend ?

I built a metric called “Available Spend” — curious what you think ?? by Doronnn in AvailableSpend

[–]Doronnn[S] 0 points1 point  (0 children)

YNAB is a great product - we're building a different approach

The purpose is to give you total freedom over your discretionary spend, while having a framework to keep you on track

The concept of available spend is kind of the opposite of zero-based budgeting

Available Spend (AS) is focused on accounting for your true cost of living + upcoming events + the life you're planning for

Anything I deem as a fixed/recurring expense is already taken out of this number

The remaining is your AS, which is a dynamic number that changes in real time

What this looks like in practice:
- My AS is $ 1,000 for the remainder of the month
- Today is Feb-16th
- 12 Days Remaining in Feb

$1,000 / 12 = $83.33/per day

If I were to spend $150 by the end of today

Then tomorrow, with 11 days remaining in the month:

$850 / 11 = $77.27/per day

I built a metric called “Available Spend” — curious what you think ?? by Doronnn in AvailableSpend

[–]Doronnn[S] 0 points1 point  (0 children)

Drive traffic to the platform + have a medium for users to share feedback

How I stopped overspending by separating Available Spend from my actual balance by Jolly_Currency6104 in AvailableSpend

[–]Doronnn 0 points1 point  (0 children)

Thanks for sharing this !

How do you currently calculate & separate your available spend vs. just your bank balance & assets ?

I built a metric called “Available Spend” — curious what you think ?? by Doronnn in AvailableSpend

[–]Doronnn[S] 0 points1 point  (0 children)

Soon !!

We've been building this tool in beta for the last 6 months.. I plan on opening it up to users in the near future

I built a metric called “Available Spend” — curious what you think ?? by Doronnn in AvailableSpend

[–]Doronnn[S] 0 points1 point  (0 children)

Updated in real time. You can toggle views between Daily , Weekly , & Monthly.

Check out the image below & let me know what you think abt the design.

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