Define an optional limit of credit or debit of a transaction category

[htmfilho]

The limit of credit of a category is the minimal amount of money its transactions can register in a given period of time. The limit of debit is the maximum amount of money its transactions can register in a given period of time. They are stored in the same field, but the meaning changes according to the type of category (debit or credit).

The limit of the category is compared with the sum of its registered transactions:

• Daily
• Weekly
• Monthly
• Quarterly
• Annually

Changes of the limit amount are conserved historically according to its period of time. For example, if the limit is annual and it was defined for 2018 then any change for 2019 are saved as a separated record and it doesn't replace the value defined for 2018, preserving it indefinitely. If the limit didn't change from a period to another, then the most recent limit is considered.

A different limit can be defined per currency in use. For example, if all accounts are configured in Canadian dollars only, then the limits can only be defined in Canadian dollars. If at least one account is configured in a different currency, like American dollars, then the limits can be defined for Canadian dollars and American dollars separately.

[keniasousa]

For the part that says it is in the same field: for the TFSA, I can state a limit credit because I will deposit a minimum of 200 per month; but I can also state a limit debit because I can extract a maximum of 5000 per year , example in the year we go to Brazil and another small trip. I think we need two fields then.

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[htmfilho]

How Minimily would address this case:

• Monthly deposits of 200 per month = Monthly transfers from your TD account to the TFSA account. There is no categorization of transfers. This is just movement of money between accounts.
• extract a maximum of 5000 per year = Yearly transfer from the TFSA account to the TD account. Also a movement of money between accounts.

[keniasousa]

To complement, 5000 is a limit of debit for transactions of type “transportation” per year. We need an example for limit of credit.

[htmfilho]

Take a pay cheque, for example. In a steady job, we know how much we earn every month. That's the minimal limit. Anything else is extra.

If your life cost is a minimal of 3000 per month, then consider that the sum of the limits of all your incomes should be greater than or equal to 3000, otherwise it won't be possible to pay the bills.

Therefore, if the sum of all income transactions doesn't cross the minimal limit, then a red flag should be raised.