Category positive carry over
I tried searching for this but keep getting "positive credit card balance". What does one do with a category where you didn't spend what you expected to spend? For example, I have a fuel category that I budgeted to spend $120. However I only spent $100 so when I look at August I see the $25 as "cash left over from July" but it's telling me I need $125 to reach my goal for the month. Thoroughly confused here, I must have missed something in the learning videos.
Thanks for any guidance.
If you have the goal set up as a "for spending" goal then tomorrow when you check it will see that you have $25 already available and ask for the difference instead of the whole goal amount. Those goals don't look at what you have coming from the previous month until the month actually rolls over.
If the goal you have is a monthly contribution goal, then it will still ask for the full goal amount regardless of what you still have leftover.
So basically check back tomorrow.
I'm still really new to this, less than a month and wrapping my head around it I feel like I'm getting there. My husbands military retirement and VA disability can either come in at the end of the month or first of the month depending on how the 1st lands. I get paid twice a month. I also started this program mid month this month so I tried to be very careful to not set anything that was already paid as a goal for this month.
Perhaps I'm missing something simple in the categories that would fluxuate no matter how hard you try to be spot on. I did end up taking away some $$ from the categories where I knew we weren't going to end up spending any more (my books category and gaming category) and applying that to say groceries where we spent more than planned. Call it stock piling so we can stay home as much as possible.
dakinemaui are you saying that say I get to a point where we have really gotten ahead and I'm now using Octobers pay to fund January that the amounts won't cascade on to future months?
Nicole thanks I'll check out the links.
Cadet Blue Inspector said:
I did end up taking away some $$ from the categories where I knew we weren't going to end up spending any more
This is perfectly normal and highly encouraged! Money should move to the categories that are more important to you. The only hard part to all this budgeting stuff is understanding what's important at any given time since that tends to shift around somewhat.