Lumio has been built to detect any recurring costs or payments you might have - from direct debits to standing orders, and assign them as a recurring cost.
Scroll down to read about Amending an existing recurring cost or Adding a new recurring cost.
Please Note: Recurring costs can be shared and added across both your Personal Private Space and your Shared Space.
We suggest you add any regular payment as a Recurring Cost:
Bills - Gas, electricity, Council tax, Water, Broadband
Subscriptions - Netflix, Prime, Apple etc.
Direct debits - Rental payment, Mortgage payment, Paying down debt
Scheduled Payments - transfers to savings, Paying down debt/Credit cards etc.
Your recurring costs will be split up between 'Paid' and 'Upcoming' depending on the spending cycle you have set within the app.
Lumio identifies recurring costs as Suggested, however, from time to time, mistakes happen, and if one of your reoccurring costs is not automatically detected, you can add your own at any time.
Amending/Editing a Recurring Cost
If you are looking to amend a recurring cost in your (Personal) Private or Shared Space, follow these steps:
Go to the Spending tab.
In the Recurring Costs tab/widget, tap 'Details'.
Under 'My Recurring Costs' - select the Recurring cost you want to remove.
Details of this Recurring Cost will appear.
Depending on what you are looking to edit/amend; select:
Select Frequency to change how often the recurring cost is scheduled.
Select Starting Date to change when to start tracking the recurring cost.
Select Category to change the category of the Recurring Cost.
You can also monitor all your previous payments to this merchant under 'Previous Payments'
To delete/remove the recurring cost, just tap 'Remove as a Recurring Cost' in red at the bottom of the screen. Then tap Confirm.
Adding a recurring cost
If you're adding a recurring cost in your (Personal) Private and Shared Space, follow these steps:
Go to the Spending tab.
In the Recurring Costs tab/widget, tap 'Details'.
In the top right corner, select 'Add new'.
You will then see any suggested recurring costs (and a full list of linked transactions below these).
Select the transaction you want to add a recurring cost .
Confirm the 'Frequency' (i.e. Monthly) and the 'Starting Date'.
And then tap 'Add to Recurring Costs' in blue at the bottom of the screen.
That's it, your Recurring cost should be added.
If you want to share this Recurring cost to your Shared Space - click here