Budgeting into the future with "Needed For Spending"
So my budget is starting to look healthy. Most things I've read, a good bet is to start budgeting into the future (been reading a bit about stealing from the future, but that's something else!).
I've not budgeted into the future before really, so I'm getting a bit lost with one of the goals. "Needed For Spending". Say I want my "Home improvement" category to generally be £1000, and if I spend from it during a month, I'll top it up (whether that's this month or next).
Currently the home improvement category is at £1000, yet when I try to auto budget into June, it's asking for another £1000, which will make it £2000 available in June (if I don't spend this month). I assume this is to cover the fact that I might spend £1000 this month?
Is there any way to do what I want? Essentially not ask for any money in June until it needs it? So if there is £1000 available in May, don't ask for any in June. Or am I approaching it wrong?
I'm currently thinking it'll be easier to fund a "Next month" category and just budget on the 1st June. But that comes with the caveat that it's hard to see at a quick glance, how much I need to fully fund June (since home improvement would want £1000).
The "Needed for Spending" goal does not do the reset until the rollover to the next month. Overall, the Next Month category is how many people do it. It also avoids an issue that the Stealing from the Future does not notify you in the current month that you have double-budgeted money. It only shows you in the future most month that you have money budgeted in.
Something I don't think I've seen mentioned on this topic is if you're budgeting for next month with this type of goal, and want a general estimate, just use the "Spent Last Month" quick budget button during the month. Sometimes, when I'm pretty sure I'm going to hit the current month spending cap I just budget the full amount in the next month and adjust it if necessary when the next month starts. If not, I do Spent Last Month as a mid-month estimate and update as needed. You'll get a yellow nag, but it's in the future so not a big deal to worry about.