Annual Goal Not working
I have several annual goals that work fine. I have one that I just completed and am ready to start on it for the next year. I make this payment once a year.
The goal is to have $107 by next April. This means about $8.91 each month. This has been working this whole past year. I made my payment in April for the $107 and then started the goal over again.
The problem is that it is saying I need to fund it for the whole $107 all at once now.
It should be saying that I need to fund it by $8.91. I Think I might have clicked on something last month that gave it the whole $107 at once and now it won't let me reset it.
I deleted the goal and created it again and that didn't help.
Not sure this is related, but I'm struggling with a spend by date goal that should be yearly as well. I started budgetting a couple of weeks ago and I have a some yearly bills throughout the year. As I just started, some are closer than others, eg. I know I have to pay car insurance in July, so I set the goal accordingly.
Now I already know next year's bill will be the same, and I wanted to put that goal in, but if I put a spending goal in July for July next year, my current goal is lost and I have to recalculate what I need now and budget is al confused.
Of course, the simple solution would be to wait for the July 2020 to be paid and start a new goal in August for the July 2021 bill. However, for some goals, I do not want to wait to put them in as I've got the information at hand now, and the time to put them in, and might not have time or feel like it later. And before you know it, a bill sneaks up anyway. Is there a way to do this? I feel the new goal types are sometimes a bit clunky!
Elien C said:
f I put this as a monthly funding, I can't allocate some windfall or roll with the punches in these uncertain times without that pesky orange indicator
Sure, there are always consequences when changing budget entries from the "nominal" levels. A windfall either accelerates something or allows you to fund something lower on the priority scale that previously was unfunded.
If you reallocate from a time-bound category, you need to be OK with the ramifications of increased funding moving forward BEFORE you reallocate. In future months, you will need to cut funding elsewhere.
In short, doing either of these has a ripple effect elsewhere in the budget that goes beyond editing this category's goal.
If you're not spending before the target month, the Save By and Spend By goals behave identically.
Again, the main downside is anything other than the nominal budget value will impact more than just this category. There's obviously a reason you would do that, so it is what it is.