diff --git a/app/models/budget/investment.rb b/app/models/budget/investment.rb
index 4bfd038c3..0a7e92344 100644
--- a/app/models/budget/investment.rb
+++ b/app/models/budget/investment.rb
@@ -245,6 +245,12 @@ class Budget
       budget.balloting?
     end
 
+    def should_show_price_info?
+      feasible? &&
+      price_explanation.present? &&
+      (budget.balloting? || budget.reviewing_ballots? || budget.finished?)
+    end
+
     def formatted_price
       budget.formatted_amount(price)
     end
diff --git a/app/views/budgets/investments/_investment_show.html.erb b/app/views/budgets/investments/_investment_show.html.erb
index d97a1fbfb..f88869cb9 100644
--- a/app/views/budgets/investments/_investment_show.html.erb
+++ b/app/views/budgets/investments/_investment_show.html.erb
@@ -47,7 +47,7 @@
         <p><%= investment.unfeasibility_explanation %></p>
       <% end %>
 
-      <% if investment.feasible? && investment.price_explanation.present? %>
+      <% if investment.should_show_price_info? %>
         <h2><%= t('budgets.investments.show.price_explanation') %></h2>
         <p><%= investment.price_explanation %></p>
       <% end %>
diff --git a/spec/features/budgets/investments_spec.rb b/spec/features/budgets/investments_spec.rb
index 5446e0a0a..8a817a805 100644
--- a/spec/features/budgets/investments_spec.rb
+++ b/spec/features/budgets/investments_spec.rb
@@ -188,7 +188,7 @@ feature 'Budget Investments' do
       expect(current_path).to eq(budget_investments_path(budget_id: budget.id))
     end
 
-    scenario 'Create spending proposal too fast' do
+    scenario 'Create budget investment too fast' do
       allow(InvisibleCaptcha).to receive(:timestamp_threshold).and_return(Float::INFINITY)
 
       login_as(author)
@@ -263,26 +263,40 @@ feature 'Budget Investments' do
     end
   end
 
-  scenario "Show (feasible spending proposal)" do
-    user = create(:user)
-    login_as(user)
+  context "Show (feasible budget investment)" do
+    let(:investment) { create(:budget_investment,
+                          :feasible,
+                          :finished,
+                          budget: budget,
+                          group: group,
+                          heading: heading,
+                          price: 16,
+                          price_explanation: 'Every wheel is 4 euros, so total is 16')}
 
-    investment = create(:budget_investment,
-                        :feasible,
-                        :finished,
-                        budget: budget,
-                        group: group,
-                        heading: heading,
-                        price: 16,
-                        price_explanation: 'Every wheel is 4 euros, so total is 16')
+    background do
+      user = create(:user)
+      login_as(user)
+    end
 
-    visit budget_investment_path(budget_id: budget.id, id: investment.id)
+    scenario "Budget in selecting phase" do
+      budget.update(phase: "selecting")
+      visit budget_investment_path(budget_id: budget.id, id: investment.id)
 
-    expect(page).to have_content("Price explanation")
-    expect(page).to have_content(investment.price_explanation)
+      expect(page).to_not have_content("Unfeasibility explanation")
+      expect(page).to_not have_content("Price explanation")
+      expect(page).to_not have_content(investment.price_explanation)
+    end
+
+    scenario "Budget in balloting phase" do
+      budget.update(phase: "balloting")
+      visit budget_investment_path(budget_id: budget.id, id: investment.id)
+
+      expect(page).to have_content("Price explanation")
+      expect(page).to have_content(investment.price_explanation)
+    end
   end
 
-  scenario "Show (unfeasible spending proposal)" do
+  scenario "Show (unfeasible budget investment)" do
     user = create(:user)
     login_as(user)
 
@@ -302,7 +316,7 @@ feature 'Budget Investments' do
 
   context "Destroy" do
 
-    scenario "Admin cannot destroy spending proposals" do
+    scenario "Admin cannot destroy budget investments" do
       admin = create(:administrator)
       user = create(:user, :level_two)
       investment = create(:budget_investment, heading: heading, author: user)
diff --git a/spec/models/budget/investment_spec.rb b/spec/models/budget/investment_spec.rb
index fa51f3cab..e9d5ccd13 100644
--- a/spec/models/budget/investment_spec.rb
+++ b/spec/models/budget/investment_spec.rb
@@ -144,6 +144,76 @@ describe Budget::Investment do
     end
   end
 
+  describe "#should_show_vote_count?" do
+    it "returns true in valuating phase" do
+      budget = create(:budget, phase: "valuating")
+      investment = create(:budget_investment, budget: budget)
+
+      expect(investment.should_show_vote_count?).to eq(true)
+    end
+
+    it "returns false in any other phase" do
+      Budget::PHASES.reject {|phase| phase == "valuating"}.each do |phase|
+        budget = create(:budget, phase: phase)
+        investment = create(:budget_investment, budget: budget)
+
+        expect(investment.should_show_vote_count?).to eq(false)
+      end
+    end
+  end
+
+  describe "#should_show_ballots?" do
+    it "returns true in balloting phase" do
+      budget = create(:budget, phase: "balloting")
+      investment = create(:budget_investment, budget: budget)
+
+      expect(investment.should_show_ballots?).to eq(true)
+    end
+
+    it "returns false in any other phase" do
+      Budget::PHASES.reject {|phase| phase == "balloting"}.each do |phase|
+        budget = create(:budget, phase: phase)
+        investment = create(:budget_investment, budget: budget)
+
+        expect(investment.should_show_ballots?).to eq(false)
+      end
+    end
+  end
+
+  describe "#should_show_price_info?" do
+    it "returns true for feasibles if phase is balloting or later and price_explanation is present" do
+      ["balloting", "reviewing_ballots", "finished"].each do |phase|
+        budget = create(:budget, phase: phase)
+        investment = create(:budget_investment, :feasible, budget: budget, price_explanation: "price explanation")
+
+        expect(investment.should_show_price_info?).to eq(true)
+      end
+    end
+
+    it "returns false in any other phase" do
+      (Budget::PHASES - ["balloting", "reviewing_ballots", "finished"]).each do |phase|
+        budget = create(:budget, phase: phase)
+        investment = create(:budget_investment, :feasible, budget: budget, price_explanation: "price explanation")
+
+        expect(investment.should_show_price_info?).to eq(false)
+      end
+    end
+
+    it "returns false if investment is unfeasible" do
+      budget = create(:budget, phase: "balloting")
+      investment = create(:budget_investment, :unfeasible, budget: budget, price_explanation: "price explanation")
+
+      expect(investment.should_show_price_info?).to eq(false)
+    end
+
+    it "returns false if price_explanation is blank" do
+      budget = create(:budget, phase: "balloting")
+      investment = create(:budget_investment, :unfeasible, budget: budget, price_explanation: "")
+
+      expect(investment.should_show_price_info?).to eq(false)
+    end
+  end
+
   describe "by_admin" do
     it "should return investments assigned to specific administrator" do
       investment1 = create(:budget_investment, administrator_id: 33)