Budgeting by Standard or Envelopes methods
One of the more recent features added is the ability to view and manage your Budget using the Envelopes system. This gives you the flexaiblity to manage your budget in either a standard way by creating multiple categories and applying your transactions to each category or setting up your Income as envelopes and then applying the category amounts to each paycheck or income item. The idea behind creating this page is to provide more options for users to choose their own budgeting style without limitations. To access the Envelopes system login and click on My Budget. At the top of the page you’ll see a budget style dropdown which you can change to envelopes. If you’ve created some Income recurrences, you’ll notice right off the bat that your scheduled income for the month has been divided for you on the Envelopes page. You can then start allocating funds to each income item. Once entered, this will carried over to following months for you. Next to each income item at the top of the page you’ll see a large number next to each income item. This tells you the count of your income for that month and this is how we can manage carrying your amounts over to following months. For example, if you have an income item scheduled for bi-weekly, it may occur twice or sometimes 3 times. When you enter in a budget amount in the 3rd item column, you wont see the 3rd column unless the income item occurs 3 times in that month. You’ll also notice that the transactions you’ve entered for each category will also appear on this page to give you a left over balance for each category after funds have been allocated. If you think of additional features you’d like to see on this page, please feel free to let us know and we’ll see about adding them in.