Cash Coverage
Whether your cash covers the rest of this month, as one figure on the Cash Flow card.
Updated
Reading the Figure
| Reads | Means |
|---|---|
| Covered | Your cash, plus income still to come this month, covers what is left to spend. |
| Short | It does not. The month comes out below zero. |
| Short Oct 7 | The month works out overall, but a bill lands before the paycheque that would cover it. |
Tap the figure (it carries an info icon) for a short explanation. It waits for synced bank balances before answering, so an account that has not reported yet never makes you read as Short.
Moved from Activity
Cash Coverage used to be its own card at the top of Activity. It is now one figure on the Cash Flow card, and the choices you made on the old card for chequing, savings, bills, monthly budgets and goals carried over.
How It Is Worked Out
It takes your cash balance, adds income still to come this month, and subtracts what is left to spend this month and any card balances you have chosen to pay off in full.
Say you hold $2,000, a $3,000 paycheque is still to come and your plan has $4,000 left to go out. That leaves $1,000, so it reads Covered. If $2,500 of that spending is rent due before the paycheque arrives, it reads Short with the rent’s date instead.
Cash means chequing and savings only. Investments and retirement accounts never count.
Choosing What Counts
- On Plan → Overview, tap the gear on the Cash Flow card.
- Choose the Cash Coverage tab.
- Switch the rows you want on or off.
- Chequing and Savings - which cash counts.
- Debt Payments - on or off as a whole, then each kind of debt under it: credit cards, lines of credit, mortgages, car loans, student loans, personal loans and other loans.
The Cash Flow tab matters too. Switching off Bills & Subscriptions, Goals, Monthly Budgets or Yearly Budgets takes them out of what is left to spend.
These settings are saved to your account, so they follow you to every device. A household shares the account holder’s settings.
How Much of Your Debt Counts
When cards or lines of credit are counted, the Cash Coverage tab asks How much of your debt should count? Loans always count their monthly payment.
| Choice | Use it if |
|---|---|
| The whole balance | You clear what you owe every month. Pending card charges count toward the balance. |
| The monthly payments | You carry a balance. Counts the payment set on each debt. This is the default. |
| Only what I plan to pay | You pay a set amount. Type one monthly figure, split across your cards and credit lines. |
A debt’s payment is the Monthly Payment on a manual debt, or the minimum payment on a debt goal. See Credit Cards & Loans.
The Debt Payments Tile
With debts to pay, the Cash Flow card shows a Debt Payments tile. It shows what is left to pay (or to pay off, when a balance counts in full), with Covered or an amount Short beside the label: whether this month’s cash, after everything else, covers the debt payments.
- Payments already made this month come off what is left, for each kind of debt. Overpaying a mortgage cannot cover a car loan.
- A debt goal with a minimum payment moves from the Goals tile into Debt Payments, so it is not counted twice.
If the Answer Looks Wrong
- Short by more than you expected. Check How much of your debt should count? - The whole balance counts every card balance at once.
- Less cash than you have. Check that Chequing and Savings are switched on, and that the account is filed as chequing or savings. See Synced Accounts.
- Short on a date, though the month looks fine. A bill is due before your next paycheque. Moving the bill or holding more in chequing clears it.