What do you all recommend for something like monthly IRA contribution from my checking account?
It’s not an account I can track in GB, so can’t use transfer. Or maybe I can?
Setting up an envelope means withdrawals to the account show up as negative when applied to the envelope.
Hi @alanmichelle - Thanks for your post!
Do these contributions get removed from your paycheck before taxes? If so, I’d recommend just logging your take home paycheck in Goodbudget, which means your IRA contributions will already be factored into the income amount that you log so you won’t need to record it separately somewhere else.
However, if your contributions are made after taxes, then you would need to create an Envelope that you could expense those payments out of.
I hope that helps!