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Check out Elastic Budgeting

It's not a secret that fiP supports elastic transactions, which is multi-source and/or has multiple funds dispositions. This key feature of fiP was available from the first days of live.
However, finance plans were non-elastic.
That had a good reason underneath.

Imagine you have planned expenses for diesel $200/month. For budgeting it's enough to have planned monthly transactions $200 each. If you refuel (say, for $35), then you just cut the planned transaction: $35 is committed, $165 is still planned.
If we happen to spend more that it was planned for the current month, fiP will take the missing part from the next month:
 - having $200 planned for diesel, we spent $210. Then, the $10 will be taken from the next period.

What if we have multiple fund dispositions? Planning public utilities as a single elastic plan:
 - electric power - $10/month
 - water - $8/month
 - gas - $2/month.
What will happen, if we commit a part of this transaction, but some sub-plans are exceeded? For instance:
 - paid for electric power - $12
 - water - $6
 - gas - nothing.
In theory, fiP should take electric's $2 from the next month, as the current one has only $10 planned.
what if we paid 42 for the electricity? Several planned transaction will loose the "electricity" part.
The source ("credit") part of the transactions should be updated properly to keep the transaction balanced.
And what if source-part of the transaction has a different currency? Or all transaction details have different. What if during partial commit the "debit" part of the transaction drained to zero, and "credit" part did not? Multi-currency transaction cannot be balanced precisely. Let's take an example:
 - user used to pay public utilities from their EUR-account. But the payments are in USDs. Then we have:
 - disposition:
    -- electricity - $10
    -- water - $8
    -- gas - $2
 - source:
   -- credit card, 10 EUR.
   -- bank account: 8 EUR
Actually we paid:
  -- electricity - $9
  -- water - &7
  --  gas - $1.
And we spent 11 EUR  from credit card + 9 EUR from bank account.

With Elastic budgeting there're plenty of different scenarios of payments and partial commits. That's why this feature is not available.... was actually.. Was not available.
But now it's implemented and available for Pro users.

You want to check it out? Please register a free account, and we'll promote it to Pro for 3 months of trial period. Join fiP now and start budgeting in the elastic way!


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