Budgeting With Goals

Budgeting With Goals


Envelope-style budgeting with Goals

If you're a fan of envelope-style budgeting, give our paperless version a shot. If you've never heard of envelope budgeting before, here's a quick summary: it's a tried and true budgeting system where money is set aside (traditionally in an envelope) for each type of expense, and it's used only for that expense. If you run out of money, you stop making purchases. It's a really good way to gain control of the slippery, variable, somewhat discretionary expenses that can easily bust your budget.

There are many ways to use Goals for budgeting, so take this as a starting point and tweak it to fit your needs.

Pick the expenses you'd like to keep tabs on

You don't need to track every single expense to start budgeting; tracking just a few important categories will allow you to keep them under control. Bills, fun money, groceries, clothes, furniture, and the like are all options. You can keep it general or get super granular.

Decide how much you'd like to set aside per category, and then create a Goal for each. If you'd like, add a memo describing how much you'll spend or what purchases fall into that category. Check out the Making Goals article for a refresher on how to create Goals and add memos.

Here's an example to get your ideas flowing—just tailor it to fit your budget and your priorities.

Spend from your Goals

Going forward, whenever you make a purchase for one of these categories, associate the transaction with the appropriate Goal.

  1. Click on the transaction and select Choose a Goal.

  2. Then select the Goal you'd like to spend from. You can search to quickly locate a specific Goal.

Stay on track

  1. The next time you get paid, your Goals will probably be depleted.

  2. That means it's time to refill them! Bring up the transfer menu by clicking on a Goal and then pressing Transfer

  3. You can also click on your Safe-to-Spend, drag it, and drop it on the Goal you'd like to transfer to. This will bring you to the transfer screen.

  4. Go ahead and transfer money into the Goal, and keep going until you've set aside money in every category. You're all set until next pay day!

Learn more about Goals:

Envelope-style budgeting with Goals

If you're a fan of envelope-style budgeting, give our paperless version a shot. If you've never heard of envelope budgeting before, here's a quick summary: it's a tried and true budgeting system where money is set aside (traditionally in an envelope) for each type of expense, and it's used only for that expense. If you run out of money, you stop making purchases. It's a really good way to gain control of the slippery, variable, somewhat discretionary expenses that can easily bust your budget.

There are many ways to use Goals for budgeting, so take this as a starting point and tweak it to fit your needs.

Pick the expenses you'd like to keep tabs on

You don't need to track every single expense to start budgeting; tracking just a few important categories will allow you to keep them under control. Bills, fun money, groceries, clothes, furniture, and the like are all options. You can keep it general or get super granular.

Decide how much you'd like to set aside per category, and then create a Goal for each. If you'd like, add a memo describing how much you'll spend or what purchases fall into that category. Check out the Making Goals article for a refresher on how to create Goals and add memos.

Here's an example to get your ideas flowing—just tailor it to fit your budget and your priorities.

Here's an example to get your ideas flowing—just tailor it to fit your budget and your priorities.

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Spend from your Goals

Going forward, whenever you make a purchase for one of these categories, associate the transaction with the appropriate Goal by tapping on the transaction and then choosing Spending from . . . description

Stay on track

  1. The next time you get paid, your Goals will probably be depleted. description
  2. That means it's time to refill them! Go to the Goals tab, tap on a Goal, and then select Transfer. You'll have the option of transferring funds in or out of that Goal from your Safe-to-Spend or another Goal. description
  3. Go ahead and transfer money into the Goal, and keep going until you've set aside money in every category. You're all set until next pay day! description

Learn more about Goals:

Envelope-style budgeting with Goals

If you're a fan of envelope-style budgeting, give our paperless version a shot. If you've never heard of envelope budgeting before, here's a quick summary: it's a tried and true budgeting system where money is set aside (traditionally in an envelope) for each type of expense, and it's used only for that expense. If you run out of money, you stop making purchases. It's a really good way to gain control of the slippery, variable, somewhat discretionary expenses that can easily bust your budget.

There are many ways to use Goals for budgeting, so take this as a starting point and tweak it to fit your needs.

Pick the expenses you'd like to keep tabs on

You don't need to track every single expense to start budgeting; tracking just a few important categories will allow you to keep them under control. Bills, fun money, groceries, clothes, furniture, and the like are all options. You can keep it general or get super granular.

Decide how much you'd like to set aside per category, and then create a Goal for each. If you'd like, add a memo describing how much you'll spend or what purchases fall into that category. Check out the Making Goals article for a refresher on how to create Goals and add memos.

Here's an example to get your ideas flowing—just tailor it to fit your budget and your priorities.

Here's an example to get your ideas flowing—just tailor it to fit your budget and your priorities.

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Spend from your Goals

Going forward, whenever you make a purchase for one of these categories, associate the transaction with the appropriate Goal by tapping on the transaction and then choosing Spending from . . . description

Stay on track

  1. The next time you get paid, your Goals will probably be depleted. description
  2. That means it's time to refill them! Go to the Goals tab, tap on a Goal, and then select Transfer. You'll have the option of transferring funds in or out of that Goal from your Safe-to-Spend or another Goal.description
  3. Go ahead and transfer money into the Goal, and keep going until you've set aside money in every category. You're all set until next pay day! description

Learn more about Goals:

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