Budgeting incomes

[TraceyEl]

Hey
We used to be able to vary our income sources and frequencies when we edited Envelopes as part of setting up a budget
I used it to see if i needed to work more hours etc with future changes eg rent increases etc and was useful when there were income sources with different frequencies
Eg hubby gets paid on a different cycle and other monthly or weekly income
This option has gone or moved
How do people do this cashflow checking now without a long winded manual review

[Tiffany]

Although I don’t use it, KSchedler has a work-around that he uses to plan for incomes that he’s mentioned a few times. I’ll link his latest post about it here, but this is what he’s been doing instead of using the proposed income feature (I think; I’m sure he’ll correct me if I’m mistaken)

Estimated income no longer part of app update

There is another way… When you sit down to plan your next budget period, add up all the income you expect to receive. Now go into GB and create an account named “Projected Income”. Now do a Fill from New Income into Projected Income account and distribute the projected money across your envelopes. When you receive income during the period, instead of recording it as Income, simply record it as an Account Transfer from Projected Income to Checking (or whatever you call your regular expense ac…

Hope that helps!

[karisa]

Hi there - I think you’re referring to the ‘Income Estimate’ tool that used to be visible in the iOS app. If so, you’re correct, that was removed in an update earlier this year.

You are still able to see how much your Envelopes total up to on the Edit Budget screen, but you’ll have to manually do the math to compare it against your income for the month. Hope that helps!