Where's my Quick Budget spending goal?
Am I blind or is the button for quick budgeting my spending goal gone? The category sidebar has gotten extremely cluttered with recent updates and I wish at this point we could reorganize it into modules or something. But that's besides the point.
Do I have to type it in manually every month and look for a yellow warning? What if I'm budgeting more than my planned goal? I don't want that.
Hey Annieland ! Yes, there are changes to Quick Budget, including new bells & whistles for Underfunded. The Goal Target option is now a part of Underfunded, see the Help Doc for details on the updated logic.
And as you've noticed, when you've funded a goal for the month—Underfunded will no longer be in the list, as HappyDance mentioned. Try flipping forward to a future month and you'll see it pop back up.
Ok, I hit Reduce Overfunding since we now have the handy dandy budget ticker tape to see what this is. It took money from 3 categories. $60 from Pest Control?? It seems in 2018 I set a goal to have $300 set aside which I did, and thankfully a little RoundUP has kept things under control so there's still $300 sitting there. So I'm gonna have $60 less of bugs or mice in the near future? Where did this crystal ball come from?
And now, Budget for Upcoming is gone. Sure, it's now apparently roped into "Underfunded" but when it's OVERFUNDED I don't see an alert. I just got a small reimbursement for my last 3 cable bills and put the extra in the category, and went to look at April to see what extra was there. I'd usually use a "Budget for Upcoming" to see what extra would be left over, but now I have to delete the budgeted amount, see what's underfunded, and add it back.
This is going to be interesting to see moving ahead, categories where I have upcoming expenses and also put more funds in. When something is "overfunded" I find visibility lacking, unless I look at the global amount, reduce the funding, and look at the budget audit trail to see what went where and then undo. And here I thought I'd NEVER need the budget audit trail.
if you're starting on the 16th, that next month's bill for the 15th doesn't need to be funded yet
But, why? Isn't that encouraging budgeting paycheck to paycheck? What if you're not getting paid again until next month's 16th? After these next two thoughts, I'll bow out. I obviously don't use dated goals, nor do I see a point for them. If I'm ever not a month ahead, I would want to be more hands-on with my budgetary decisions.
Smart technologies do run the daily risk of being called dumb by the children when they don't work as is needed. Heard at least once a month in my classroom, "Ah, the smartboard can't do that." "The smartboard isn't smart." It's usually a younger students who has recently grasped that the word smartboard is supposed to mean something. I personally enjoy it when they blame internet/other software limitations on the smartboard...
It is always a fine dance to play among the lines of eliminating manual repetition (the point of technology), taking a process to another dimension (something technology enables), and still maintaining the response, control, and flexibility that the analog experience provides (things technology often railroads).
I started reviewing my goals with this feature in mind, and the more I look at it, the more I realize how complex it is.
For example, how exactly does Needed For Spending Weekly work with rolled-over balances? If I have a $40/week goal, and I have a good month and let $50 roll over, is it skipped on the first pass because the first week is already funded?
And, because I'm still paycheck-to-paycheck (which I think is the main audience for this), on the last paycheck of the month after funding monthly expenses I flip to next month and fund through the next paydate, then return to the current month to fund True Expenses and so forth. What does that workflow look like if I want to take advantage of this? Do monthly expenses separately, then use Underfunded on the full budget? Overspending on True Expenses wouldn't get the right priority then. Do next month manually first, then return to this month and use Underfunded? Just use my current process on the last paycheck?