I have another question that I think I managed to figure out somehow last month but wanted to check exactly what the best way to do it is.
I received my salary from work for the month and have now filled my envelopes accordingly.
I have some envelopes with a budgeted amount that I save every month to use to pay for annual expenses when they arise. I have filled these envelopes with the appropriate monthly amount to arrive at my desired annual amount. This money will not sit in my current account, however, I have a standing order set up to transfer that monthly amount into a savings account. What is the best way to record that step? Should I simply amend the account balances or is a transaction doing a transfer between accounts a better idea?
Similarly, my bank offers a rounding up savings option so that every time I use my debit card to pay for something, the transaction is rounded up to the nearest euro and that amount is transferred into savings. I can take care of one side of this transaction by simply recording a transaction paid from, for example, my groceries envelope for 52c with the payee showing as “rounding up savings”. But what is the best way to record the other side of this transaction, where it is added to my savings account?