Sheeeeesh.. FINALLY someone who explains a budget for the real world. I have seen countless of these and was a breath away from deleting the app. Thanks for helping me hang on.
"Thank you for breaking down the video! You did a great job, and in my opinion, your explanation was much clearer and more helpful than Rachel Cruze's. I really appreciate your efforts!"
Thx for this video; I was confused bcuz my ph app did not look like ur example; had u stated that the ph app vs computer was diff that wld’ve helped. Again thx much♥️
Do you have a video that explains what ED does with funds that are remaining in a monthly budget category? For instance, if I budget $100 for clothes in November but I only spend $25 what happens to the remaining money in the next months budget? (coming from Mvelopes)
How do you go about including money you already have in your bank account (checking account) when setting up your first budget? Do you just add it as an income? For a savings account would you just add it as a fund?
Do you have a video for the mortgage setup? Where you add the balance, principal, interest and insurance? I tried to set up on my laptop but it only brought up my setup from a few years ago.
Thank you! Everyone has different priorities in their budget. My main focus in these is just to teach. I'll let the viewers decide what their priorities are.
We are starting Every Dollar app this Friday, April 21. How do you account for the money we have made and spent the first 20 days of April? We use my social security to pay the April bills the first week of May. Can you start in the middle of the month?
Hi Craig, I have found an error in the above planner, for example let's say you bought groceries worth 1000USD with your credit card and add it into your monthly expense, than next month when you pay off your cedit card debt of 1000USD which is also counted in the expense. here is a double entry which will create error in the planner. Let me know if I'm right or wrong?
Currently my wife and I have separate bank accounts. i do bank transfers to her account when she needs quick funds. As a result of this; there are the transaction notices (the circles at the bottom of the app)..what category-if any-should I move these transaction notices to? Or should I just delete them?
Thank you for this informative video. At one point, we added a free trial of every dollar premium plan but it took a few days for the transactions to show up which was an issue for us and confusing. We’d like to try it again. Have you heard of any issues like this?
Thanks! So when EveryDollar syncs with a bank, of receives transactions after they're confirmed. Typically a bank will have a transaction pending for a couple of days before confirming it. That's why it usually takes a day or two to show up in ED.
Also, if you use a credit card rather than a debit card the bank will take longer to sync. My husband and I use this in 2024 and we still have that late syncing issue
We ate paid Wednesday following 7th and 22nd. Some of the bills and expenses paid from that second check are in the following month. How do I handle this?
hi I Have watched your video and loved every dollar i am trying to sign up for the premium version but live in the uk in manchester its saying i cannot sign up as my card is not recognised in America i am not allowed to have the premium version as i live in the uk thanks natalie
Hi - have been a mvelopes user for years and it’s now going away at the end of Dec. suggested replacement is Every Dollar. I have the plus version and have watched several of your videos and it’s helped a lot to understand how it works compared to Mvelopes. However - how to I start with ED when I already am using a different program? Do you have a video for that?
Hey Betsy! I know changing systems can be a pain, and you're definitely not alone in the migration from Mvelopes to EveryDollar! We don't have a video on this yet, but we're happy to help you out. Schedule a free call with our personal finance coach Alicia here: www.craigdacy.com/contact.
I am using EveryDollar on my iPad. The screen has a very different appearance than the tutorial. Your screen has three columns and mine has only one. I have to toggle from one screen to another i.e. I can’t see it all at once. Can you advise?
I am confused on the savings and funds part. After you already set an amount to plan and its time to track it. Do you track it as an expense or income?
How do I set up my budget in Every Dollar when my pay period begins in the middle of the month and runs to the middle of the next month. For example, I get paid once a month on the 15th. My paycheck I receive on the 15th covers the bills from the 15th of April through the 15th of May. Every Dollar works on a month to month basis and only allows due dates to be entered for the current month.
The 'starting balance' on my add a debt option (I'm new to the program) is grayed out. The help section mentions 'why' it is grayed out, kind of with a vibe of it's not great, but it's all we've got right now, as the solution. But here in your video, made in the last two weeks, you are not getting a grayed-out road block, when trying to put in your beginning balance. I'm confused why being accountable to one's debt, from the 'pay off your debt to the point of screaming' folks, would make this part so wonky. Why is your example here, not like the example I am seeing in what I believe to be the latest version? Thank you. *I'm within their Ramsey+ trial, trying for 3 months for $20.
Hey Robert! That's really weird- I haven't seen the grayed out version. Are you working in the current month or a future month? Sometimes you can't edit details in a month that hasn't started yet.
Is there any way to apply this kind of apps, to a crazy inflation country as mine, Argentina? I never know how much my bills will be next month. (not even converting them to us dollars)
I did it once and hooked it up to my bank. It made no sense to me. Things were automatic and put in wrong categories. Isn’t Dave Ramsey against subscriptions.
What happens to the money you budgeted for an item that isn't a fund but you didn't spend all that money? Say I budgeted $500 for groceries but I only spent $450 of it. If the groceries line item is not a fund, what happens to that extra $50 when I start next month's budget?
@@kitgenz1114 It was my understanding you were asking about money when in a "fund." Money in a fund carries over, money not in a fund does not carry over. Maybe I misunderstood your question. I do not work for EveryDollar, so I definitely encourage you to look around for a software that best fits your needs. Everyone is different and needs to find the right fit!
@@CraigDacy No you didn't misunderstand. I think it's me. I just don't know enough about ED to ask the right question. I can't even tell what is different from my question and Jay's question. I thought we were asking the same question. Sorry. I don't know what the definition of a fund is inside ED. Not your fault. In mvelopes you create an envelope for each of your budget items (i.e. groceries, gas, clothing, mortgage, etc) and when you apply your transactions to those envelopes it subtracts the amount from your total and you have your balance. So if I budget $500 per month of groceries and I only spend $400 then that remaining $100 is left in that grocery envelope and moves forward to the next month. Then when I fund my next month's budget of $500, I have a $600 balance in my grocery envelope. In mvelopes income is collected in an "unallocated money" account and then it's allocated at the beginning of your designated allocation period. This can be weekly, biweekly, or monthly (mine is monthly). So when I said funds in my original comment, I meant money. Thanks for commenting again. I appreciate what you said.
I create a line item for those expenses, then I make them into funds. I set the amount per month I want to go into that fund. Then, each month it will automatically populate that same amount for that line item into the “fund”. This way you can see how much you have saved for that fund. If there is a month you want to add more for a specific fund, just change the number in the “planned” column. Then, once you’ve ready to make the payment, click on the line item, click on the blue plus sign and enter the information for the payment you made. You can make a note of the vendor or merchant and it will remember that merchant for next time. There’s also a space to write extra notes about any payment. The only thing I’m trying to figure out about funds is…when you look at your “remaining” column, to see how much money you have left for the month, it doesn’t subtract the Fund amounts. So, I find it difficult to know exactly how much I have left near the end of the month. I feel like it should subtract those amounts but it doesn’t. I hope that helps! 🥳
@@jennyt22can you name it: Auto Ins (2200/1300) where the first amount is the annual pymt and the second the amount funded to date? I'm still in a notebook, and this is what I do.
Is this on a website? Because my app looks nothing like this and only gives me a generic monthly idea budget without subscribing to Ramsey Solutions... 😫
I'll usually add it to the category we spent from. So if you bought a piece of clothing and logged that transaction under clothing, but then later returned it, I'd add the return of funds to clothing as well. They'll cancel each other out.
Craig ive watched your videos on and off for a while now and I have one question how do I delete funds from a fund to get a new balance ie right now i have 10,000.00 in a vacation fund i want to delete 2000 but i can't and get a new balance maybe you have the answer thanks
I thought he said create a transaction for the 2k and drag it to that fund like he showed with a $50 transaction for a rental car from his vac fund example. or if you didn't spend the 2k but just want to reduce the goal for the fund, just go in and edit your target for the fund? If I'm understanding.
Click on your fund, then click on the blue plus sign, fill out how much you spent from your fund (and you can make notes on who the vendor or merchant was and any other notes) then it will delete that amount from your fund and show you how much you have remaining in that fund. 😊
When I dragged and dropped a transaction, I inadvertently dropped it in the wrong category. I am not able to retrieve it or move it. What can I do to correct that?
I did the same thing! It's east to do. To correct that, just go to the category it went to and locate the transaction. Then you should see to the left side (don't hit the delete button at the bottom!) a RED minus...(or something like that)..click that and it removes it from that category--AFTER you click DONE at the top right! (It then puts it back in your transactions waiting for you to move it to the desired category.
@@cashcreators Thank you John! Deleting the transaction was what I was trying to avoid. This tool will be very beneficial once I learn all the features.
If you receive extra money in the month you can add that on a new line item in the “planned” column under income. Then, assign that money to go somewhere so that you have an every dollar budget 😊
You know I get that everything is business, but the disparity between the free version & the premium is big. I mean it's just a little upsetting that it'd all about making money in the end. Love Dave, but come on bro.
I’m sure you’re saying what tons of people are thinking, including myself. But I bit the bullet and paid for Premium. I found 3 times as much money as it costs for Premium for the entire year, in just the first month of budgeting. It’s a shame how much money I was spending w/o really tracking. Glad I made the choice to purchase Premium.
Are you using it on your phone or on the computer? Each has a different user experience. This video was done on the computer, which is best for setting up a budget. The phone app is best for tracking day-to-day spending.
Nice vid. Question, what do you recommend if my bills automatically withdraw every two weeks from back account! I feel that's killing me with overdraw fees AND makes this app seem much more difficult... Help!!
This app includes a paycheck feature so you can figure out when to pay what bills. Seems like you should cancel the automatic withdraw to get back on track.
I would cancel all auto pays that YOU do not control. Do not give any company access to your account. Use your bank's bill pay feature to set everyone up as a payee. YoU schedule the payments. I use two linked accounts. Pay goes into primary account. I schedule transfer that same pay day into my spending account for gas, groceries, etc. The primary account only pays bills, and holds the monthly money I "pay" toward my annual insurance bill. No debit card for that account. By separating my "spending money" from my "bill money", and controlling the date it comes out to each payee, I haven't had an overdraft in many, many years.
Hey, just watched the video. Thanks for uploading, I learned a few things! One thing that I came for that I didn't learn was what happens at the end of the month if you have extra money (whether through additional income or from not actually spending everything you've planned in a catagory)? In the video, you made additional income ($100 extra on top of the $2500 paycheck) but you never "spent" that additional $100. When do I "spend" the extra amount (such as putting into savings)? Coming from Mvelopes, trying to rewire my brain to understand the logic of EveryDollar. I suppose you could modify the planned column on income to match your new received column and then allocate the new income to the categories below. But my question still stands for categories that have extra money in them at the end of the month. I suppose I'll find out in a few days when January starts... Actually, now that I'm thinking about it, nothing probably happens, right? I doubt the system is that sophisticated. It's probably up to me to manually take the extra money from one category and allocate it to the categories that are in the negative or to my various funds. Right? At the end of every month (or more often) making sure that it's "An EveryDollar Budget!" is up to me.
Mike you are correct, at the end of the month you can adjust your budget and use that money to pay towards a debt and/or savings if you no longer have debt. Every dollar is allocated.
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Schedule a free coaching call with one of our personal finances coaches! www.craigdacy.com/contact
Sheeeeesh.. FINALLY someone who explains a budget for the real world. I have seen countless of these and was a breath away from deleting the app. Thanks for helping me hang on.
I'm so glad you found it helpful!
"Thank you for breaking down the video! You did a great job, and in my opinion, your explanation was much clearer and more helpful than Rachel Cruze's. I really appreciate your efforts!"
Thx for this video; I was confused bcuz my ph app did not look like ur example; had u stated that the ph app vs computer was diff that wld’ve helped. Again thx much♥️
Thank you!! I’ve watched plenty of videos before but never really got the hang of it, but you break it down really good!🙌🏽
Do you have a video that explains what ED does with funds that are remaining in a monthly budget category? For instance, if I budget $100 for clothes in November but I only spend $25 what happens to the remaining money in the next months budget? (coming from Mvelopes)
the unspent money from a fund will roll over to the next month. Therefore in your case, you would start the next month with $125 in that fund
Actually…she would have $175 next month…having only spent $25 out of $100 the previous month.
Every dollar of your money has a job for that month. Anything left over goes to savings.
This break down is awesome 👏🏽 thank you
Thank you!! 🙏
How do you go about including money you already have in your bank account (checking account) when setting up your first budget? Do you just add it as an income? For a savings account would you just add it as a fund?
I would like to know this also.
I would just add it as income and label it 'Carry over'
Great tutorial! Thanks so much.
Do you have a video for the mortgage setup? Where you add the balance, principal, interest and insurance? I tried to set up on my laptop but it only brought up my setup from a few years ago.
Like the way you explain and demonstrate. Disappointed that you didn't prioritze giving and saving even in your simple budget demonstration.
Thank you! Everyone has different priorities in their budget. My main focus in these is just to teach. I'll let the viewers decide what their priorities are.
We are starting Every Dollar app this Friday, April 21. How do you account for the money we have made and spent the first 20 days of April? We use my social security to pay the April bills the first week of May. Can you start in the middle of the month?
If i’m starting in the app at the end of this month should I just fill january in for practice and start the real budgeting for february?
Hi Craig, I have found an error in the above planner, for example let's say you bought groceries worth 1000USD with your credit card and add it into your monthly expense, than next month when you pay off your cedit card debt of 1000USD which is also counted in the expense. here is a double entry which will create error in the planner. Let me know if I'm right or wrong?
Any video on entering gross vs net paycheck?
My EveryDollar screen looks nothing like this….
App or computer?
Currently my wife and I have separate bank accounts. i do bank transfers to her account when she needs quick funds. As a result of this; there are the transaction notices (the circles at the bottom of the app)..what category-if any-should I move these transaction notices to? Or should I just delete them?
Good question I have a similar scenario. Hope it gets answered.
Thank you for this informative video. At one point, we added a free trial of every dollar premium plan but it took a few days for the transactions to show up which was an issue for us and confusing. We’d like to try it again. Have you heard of any issues like this?
Thanks! So when EveryDollar syncs with a bank, of receives transactions after they're confirmed. Typically a bank will have a transaction pending for a couple of days before confirming it. That's why it usually takes a day or two to show up in ED.
Also, if you use a credit card rather than a debit card the bank will take longer to sync. My husband and I use this in 2024 and we still have that late syncing issue
We ate paid Wednesday following 7th and 22nd. Some of the bills and expenses paid from that second check are in the following month. How do I handle this?
hi I Have watched your video and loved every dollar i am trying to sign up for the premium version but live in the uk in manchester its saying i cannot sign up as my card is not recognised in America i am not allowed to have the premium version as i live in the uk thanks natalie
thank you for sharing. Can i copy for the previous month to the next month ? how can i do that?
I think it auto rolls everything over. If something changes, then you have to edit it manually.
@@ddd1hhh how would I copy from last month?
In this tutorial, are u using the premium version?
Hi - have been a mvelopes user for years and it’s now going away at the end of Dec. suggested replacement is Every Dollar. I have the plus version and have watched several of your videos and it’s helped a lot to understand how it works compared to Mvelopes. However - how to I start with ED when I already am using a different program? Do you have a video for that?
Hey Betsy! I know changing systems can be a pain, and you're definitely not alone in the migration from Mvelopes to EveryDollar! We don't have a video on this yet, but we're happy to help you out. Schedule a free call with our personal finance coach Alicia here: www.craigdacy.com/contact.
I am using EveryDollar on my iPad. The screen has a very different appearance than the tutorial. Your screen has three columns and mine has only one. I have to toggle from one screen to another i.e. I can’t see it all at once. Can you advise?
if i want to wipe out an old budget from years back can i do that or do i have to just have to update all old info????
I am confused on the savings and funds part. After you already set an amount to plan and its time to track it. Do you track it as an expense or income?
Do you offer or would be willing to help setup an account like a 1v1 session?
How do I set up my budget in Every Dollar when my pay period begins in the middle of the month and runs to the middle of the next month. For example, I get paid once a month on the 15th. My paycheck I receive on the 15th covers the bills from the 15th of April through the 15th of May. Every Dollar works on a month to month basis and only allows due dates to be entered for the current month.
Premium lets you setup Paycheck Planning and allows you to change the scheduled Pay Day.
love your videos
Thank you!!
Hi, my questions is where do you put some savings you want to track that are normal (i.e. Christmas, Clothing, Summer Camp, etc..)
Create a fund
The 'starting balance' on my add a debt option (I'm new to the program) is grayed out. The help section mentions 'why' it is grayed out, kind of with a vibe of it's not great, but it's all we've got right now, as the solution.
But here in your video, made in the last two weeks, you are not getting a grayed-out road block, when trying to put in your beginning balance. I'm confused why being accountable to one's debt, from the 'pay off your debt to the point of screaming' folks, would make this part so wonky.
Why is your example here, not like the example I am seeing in what I believe to be the latest version?
Thank you.
*I'm within their Ramsey+ trial, trying for 3 months for $20.
Hey Robert! That's really weird- I haven't seen the grayed out version. Are you working in the current month or a future month? Sometimes you can't edit details in a month that hasn't started yet.
For paycheck income do we put income before taxes or not?
After taxes- we want the amount you're bringing home.
Is there any way to apply this kind of apps, to a crazy inflation country as mine, Argentina? I never know how much my bills will be next month. (not even converting them to us dollars)
Love your videos! Thank you!
Thanks, Tammy! I'm glad you find them helpful!
I am trying to figure out how to start this when I am in the middle of the month, middle of bills, and middle of paychecks....
I say do it at the beginning of the month
I did it once and hooked it up to my bank. It made no sense to me. Things were automatic and put in wrong categories. Isn’t Dave Ramsey against subscriptions.
Is it safe to have it linked to your bank???
What happens to the money you budgeted for an item that isn't a fund but you didn't spend all that money? Say I budgeted $500 for groceries but I only spent $450 of it. If the groceries line item is not a fund, what happens to that extra $50 when I start next month's budget?
Hi Jay, I asked the same question on this video about 10 days ago and the reply I received is that the balance moves forward to the next month.
Hey Jay! If it's not a fund, the money does not carry over. It simply resets in the new month.
@@CraigDacy okay, now I'm confused because you replied the opposite on my comment. I guess I don't understand ED so I will not be signing up.
@@kitgenz1114 It was my understanding you were asking about money when in a "fund." Money in a fund carries over, money not in a fund does not carry over. Maybe I misunderstood your question.
I do not work for EveryDollar, so I definitely encourage you to look around for a software that best fits your needs. Everyone is different and needs to find the right fit!
@@CraigDacy No you didn't misunderstand. I think it's me. I just don't know enough about ED to ask the right question. I can't even tell what is different from my question and Jay's question. I thought we were asking the same question. Sorry. I don't know what the definition of a fund is inside ED. Not your fault.
In mvelopes you create an envelope for each of your budget items (i.e. groceries, gas, clothing, mortgage, etc) and when you apply your transactions to those envelopes it subtracts the amount from your total and you have your balance. So if I budget $500 per month of groceries and I only spend $400 then that remaining $100 is left in that grocery envelope and moves forward to the next month. Then when I fund my next month's budget of $500, I have a $600 balance in my grocery envelope. In mvelopes income is collected in an "unallocated money" account and then it's allocated at the beginning of your designated allocation period. This can be weekly, biweekly, or monthly (mine is monthly). So when I said funds in my original comment, I meant money. Thanks for commenting again. I appreciate what you said.
Where is the link to the "deep dive" video for Every Dollar you mention in this video?
scroll down from the video you're watching, I found some of his deep dive videos right there. ie.. the fund one he mentioned
What do you do about expenses that are ever 6 wks or yearly? How do you plan/save .track them? Like I pay my insurace yearly how do I manage that.
I create a line item for those expenses, then I make them into funds. I set the amount per month I want to go into that fund. Then, each month it will automatically populate that same amount for that line item into the “fund”. This way you can see how much you have saved for that fund. If there is a month you want to add more for a specific fund, just change the number in the “planned” column. Then, once you’ve ready to make the payment, click on the line item, click on the blue plus sign and enter the information for the payment you made. You can make a note of the vendor or merchant and it will remember that merchant for next time. There’s also a space to write extra notes about any payment. The only thing I’m trying to figure out about funds is…when you look at your “remaining” column, to see how much money you have left for the month, it doesn’t subtract the Fund amounts. So, I find it difficult to know exactly how much I have left near the end of the month. I feel like it should subtract those amounts but it doesn’t. I hope that helps! 🥳
@@jennyt22can you name it: Auto Ins (2200/1300) where the first amount is the annual pymt and the second the amount funded to date? I'm still in a notebook, and this is what I do.
Can you set up Every Dollar with a spouse- so the app works the same for both of you?
You just share the same ID and Password. The software only allows one login, whether free or Premium.
Is this on a website? Because my app looks nothing like this and only gives me a generic monthly idea budget without subscribing to Ramsey Solutions... 😫
You can access your Every Dollar info through a PC Browser. He’s using some sort of PC or Laptop. note his cursor moving around…
Is there a way to sync the app between 2 phones allowing 2 people to track a budget together?
you can both login with the same username and will be able to update it from each of your phones!
How do you track or add a credit to your income. Example I did a refund to Amazon and they sent a credit to my bank account. Thanks
I'll usually add it to the category we spent from. So if you bought a piece of clothing and logged that transaction under clothing, but then later returned it, I'd add the return of funds to clothing as well. They'll cancel each other out.
Can this be used on a bi-weekly paycheck
Yep! We have a few videos on our channel outlining how to do that.
Craig ive watched your videos on and off for a while now and I have one question how do I delete funds from a fund to get a new balance ie right now i have 10,000.00 in a vacation fund i want to delete 2000 but i can't and get a new balance maybe you have the answer thanks
I thought he said create a transaction for the 2k and drag it to that fund like he showed with a $50 transaction for a rental car from his vac fund example. or if you didn't spend the 2k but just want to reduce the goal for the fund, just go in and edit your target for the fund? If I'm understanding.
Click on your fund, then click on the blue plus sign, fill out how much you spent from your fund (and you can make notes on who the vendor or merchant was and any other notes) then it will delete that amount from your fund and show you how much you have remaining in that fund. 😊
@@jennyt22 thank you
When I dragged and dropped a transaction, I inadvertently dropped it in the wrong category. I am not able to retrieve it or move it. What can I do to correct that?
I did the same thing! It's east to do. To correct that, just go to the category it went to and locate the transaction. Then you should see to the left side (don't hit the delete button at the bottom!) a RED minus...(or something like that)..click that and it removes it from that category--AFTER you click DONE at the top right! (It then puts it back in your transactions waiting for you to move it to the desired category.
@@cashcreators Thank you John! Deleting the transaction was what I was trying to avoid. This tool will be very beneficial once I learn all the features.
If I budget a certain amount and I work over time. Where is that extra money in every dollar
If you receive extra money in the month you can add that on a new line item in the “planned” column under income. Then, assign that money to go somewhere so that you have an every dollar budget 😊
What kinda jobs pay 8k lol? I needs that
Is paycheck planning only a premium feature?
No, it’s in the free version as well 😊
Oh sorry I just checked, paycheck planning is only a premium feature
Mine either.
You know I get that everything is business, but the disparity between the free version & the premium is big. I mean it's just a little upsetting that it'd all about making money in the end. Love Dave, but come on bro.
I’m sure you’re saying what tons of people are thinking, including myself. But I bit the bullet and paid for Premium. I found 3 times as much money as it costs for Premium for the entire year, in just the first month of budgeting. It’s a shame how much money I was spending w/o really tracking. Glad I made the choice to purchase Premium.
Sad that it takes a tutorial, the program should not be as complicated as it is.
LOL yup
Agreed.
Yeah I paid for the program and the program did not look like this at all. I’m so lost. I may just move to mint.
Are you using it on your phone or on the computer? Each has a different user experience.
This video was done on the computer, which is best for setting up a budget. The phone app is best for tracking day-to-day spending.
Nice vid.
Question, what do you recommend if my bills automatically withdraw every two weeks from back account! I feel that's killing me with overdraw fees AND makes this app seem much more difficult... Help!!
This app includes a paycheck feature so you can figure out when to pay what bills. Seems like you should cancel the automatic withdraw to get back on track.
I would cancel all auto pays that YOU do not control. Do not give any company access to your account. Use your bank's bill pay feature to set everyone up as a payee. YoU schedule the payments.
I use two linked accounts. Pay goes into primary account. I schedule transfer that same pay day into my spending account for gas, groceries, etc. The primary account only pays bills, and holds the monthly money I "pay" toward my annual insurance bill. No debit card for that account.
By separating my "spending money" from my "bill money", and controlling the date it comes out to each payee, I haven't had an overdraft in many, many years.
Hey, just watched the video. Thanks for uploading, I learned a few things! One thing that I came for that I didn't learn was what happens at the end of the month if you have extra money (whether through additional income or from not actually spending everything you've planned in a catagory)? In the video, you made additional income ($100 extra on top of the $2500 paycheck) but you never "spent" that additional $100. When do I "spend" the extra amount (such as putting into savings)? Coming from Mvelopes, trying to rewire my brain to understand the logic of EveryDollar.
I suppose you could modify the planned column on income to match your new received column and then allocate the new income to the categories below. But my question still stands for categories that have extra money in them at the end of the month. I suppose I'll find out in a few days when January starts...
Actually, now that I'm thinking about it, nothing probably happens, right? I doubt the system is that sophisticated. It's probably up to me to manually take the extra money from one category and allocate it to the categories that are in the negative or to my various funds. Right? At the end of every month (or more often) making sure that it's "An EveryDollar Budget!" is up to me.
Mike you are correct, at the end of the month you can adjust your budget and use that money to pay towards a debt and/or savings if you no longer have debt. Every dollar is allocated.