We purchased a washer/dryer set this year. We weren’t anticipating it, so we did not budget it. We did have the money on hand in our savings, so we purchased it without debt. I would like to track it in one of our envelopes, but do not want it to completely exhaust our regularly scheduled budget.
How do I do this?
The truth is, it DID blow your budget but you had a safety net for such things. It happens to everyone, so it’s good to have a process for it. You could either create an envelope for unanticipated expenses and charge it to that, take it directly from a savings envelope, or put it in the envelope where it belongs but transfer money back in to keep the spending balance accurate. It all depends on his you want your reports to look.
Yes, I think I’ll try adding an emergency fund line and just pre-fund it. Thanks.