No more red arrow
Is there any decent method for taking money from next months budget for this month.
Say I buy groceries on the 30th and I am over budgeted. I have the money in next month budget for groceries and I would prefer it come from that as I don't need as much for groceries next month.
Another workflow issue, Is there a workaround to accomplish this goal?:
I used to use the red arrow to keep my budget on track for categories, sometimes I would over spend a little on clothes for a month (say 100$ over) on a 100 budget. I want to carry that forward so next month I know I need to be more frugal with clothes so my new balance next month would be like 0$ , then I would hold off that month on clothes purchases. Then the following month I would get a 100$ budget and know I could spend again.
I kept another category called float with $5000 in it so none of these small overages mattered as they corrected in the next month or two. I'd be fine if the money comes from that (float) category but I want to know that I have overspent on clothes for the next month or 2 until it builds back up.
Is there anyway to keep this type of budgeting on track? I don't like zeroing the balance because next month it looks like I have plenty to spend on clothes; when I want to know that I have been overspending and should cut back briefly.
Turquoise Keyboard said:
I disagree the current plan encourages overspending cause I can just move over other money with no accountability.
Except the method
rule is that you should check your category balance before you spend. Then either find something of lower priority to take the money from or don't spend the money.
What I mean by training you to ignore overspending is exactly that. When your attitude is that you are going to spend the money regardless of the category balance, you aren't enforcing anything and you can do the same thing month after month after month after month, kicking the can down the road.
Turquoise Keyboard said:
Putting 1200 at the beginning of the year would make me feel flush at the beginning and poor at the end, it's too granular. I could also put 12k in for the next decade but that would cause problems and could be painful at the end.
Well, then either pace yourself based on what's in the category or cover overspending. You can't have it both ways.
I really think you might benefit from doing it as recommended for a few months, just to see for yourself how it really affects you (checking balances BEFORE spending, if insufficient then move funds or skip the purchase). I don't know of anyone, myself included, who has given it an honest evaluation that has decided to go back to kicking the can down the road.
I'm paid once a month on the last business day of the month, so I often run into this issue, ie, where I get groceries after payday, but the money is in next month's budget so technically I am not supposed to spend it yet. I just "cheat" and write the first day of the next month in my date for the transactions, if I don't have money left for that month.
Personally, I find it's relatively easy to check the average spent in the inspector when setting up my monthly budget. If it's more than what I'd like my nominal monthly budget to be, I know I should reduce my nominal budget. There are lots of ways to keep track of the nominal budget, I guess you already have a way to do it.
If I keep moving money into this category every month after that, I know I need to review my priorities.
You could also use a Needed for Spending goal. It will recalculate the monthly budget depending on spending so you won't fund more than the yearly amount you specified. The downside is it will want you to fund the whole amount even if you start spending less. So you could end up with more money than necessary in that category. You still need to cover the overspending during the month though.