Instructor said to budget using monthly funding goal?
I entered in my monthly funding goal for every category and now it seems to have messed up my budget somehow. I dont know how this monthly funding goal interacts with the budgeted column. It seems to double penalize me when i add a number into the budgeted column and then set a monthly funding goal.
Do you guys use the monthly funding goals or could i get by without using it? And was it just as confusing for you?
I don't use goals at all because the quick budget features work fine for me (99% of the time I pick budget same amount as last month for all categories). It sounds to me like you have set a goal, then used quick budget features to fund the goal and then gone in and manually budgeted funds to categories so yeah, you've been double budgeting. Once the right hand column has a balance that you want, you stop adding funds to the left column. So before you add funds to a category, check the category balance to see where it is.Reply
I do use monthly funding goals for most categories as they make budgeting easier for me. The orange categories tell me immediately that funding is required. Since I stay at least one month ahead in budgeting I simply budget all new money as it comes in and fill the categories from top to bottom.Reply