Food for Thought

Remember that Foresight is an "estimation" tool designed to give you insight on where your finances are going. Because it is an estimation tool, your goal should not be to have an exact match between your estimated amounts and your actual balance. You need to decide what is an acceptable estimation error and live within that. If you go beyond the what you consider is an acceptable estimation error, then you need to examine your inputs. There is an old saying that says, "garbage in, garbage out," meaning if you insert inaccurate values or leave out values, you will have an inaccurate estimation. Also consider that your estimation may be skewed by unexpected expenses or income.

As you look farther ahead in time, know that you can have compounding estimation errors. For example, if you create a car payment as a recurring transaction and round it off, the amount you round it off by will be cumulative and add to the estimation error the further you go out in time.

Foresight is designed to give you insight into your future financial status, but Foresight can't predict the future. Sometimes unexpected expenses can occur which can have a major affect on your estimations, so set your expectations accordingly.