tracking payments by installment

[fybx]

To wield my credit cards for my benefit, I started experimenting with the "payment by installments" option whenever I can.

When importing the transactions retrospectively into Sure, I realized there isn't a default flow for tracking installments. I know I can "charge" my card with the full price in a single transaction and pay the monthly debt, but this defeats the purpose of tracking the installments, specifically.

Is this functionality out of scope for Sure, or can it get added in the future?

[jjmata]

We would need to understand what exactly you envision this functionality to do. Seems to be like you want to track the amount of debt outstanding and the interest rate payments/installments necessary to catch up with full payment - is that so? Definitely "in scope" but not high on the priority list as it is the first I hear of it.

If you start some high level description of the feature/wireframes/user stories definition - that would help.

[fybx]

Thanks for the quick reply!

What I’m looking for is actually much simpler than interest-bearing debt tracking. I use interest-free installments — the bank just splits a purchase into N equal monthly payments.

What I’d love Sure to support:

• When entering a transaction, I specify: amount and number of installments

• Sure automatically creates an internal schedule so that each month my card shows the correct installment amount as part of that month’s outstanding balance.

• No interest, no amortization — just equal monthly portions of the original charge.

• Ideally, the app would show:

  • Remaining number of installments
  • Monthly installment amount
  • Total remaining balance for all active installment plans

This would let me see my actual upcoming obligations instead of one big charge.

If this sounds reasonable, I'll look into providing a short user story draft or simple wireframes by this weekend.

[jjmata]

You could probably do that just by using the recurring transactions feature in #271 that @sokie just added. Take a look in the recent alpha builds or just wait a few weeks for v0.6.5 to come out.

[jjmata]

You could probably do that just by using the recurring transactions feature in #271 that @sokie just added. Take a look in the recent alpha builds or just wait a few weeks for v0.6.5 to come out.

Actually it's in #311 that you have the ability to create your own recurring transactions. You could probably easily extend that to support your use case and not have to implement a whole separate code-path/UI.