I have an envelope (books and gifts for me) where I keep extra spending money. It is set up on a 6 month spending cycle for $300 total which calculates out to $50 a month. But the actual scheduled (monthly) fill is an “add” up to $100 every month. I set this up when I was confused about fills and budget (and the relationship between the two). Is this already set up to keep a little extra in this envelope (which I think was my intent)? (I do actually try to cap spending for this item at $50 a month.)
The way you have it built here, it will put 100 into the envelope every month with no regard for the existing balance or whether it leaves your Available in the red (or this envelope, for that matter!) You’re effectively saving 1200/year so if it gets overfilled or you need the money elsewhere, just do a one-off envelope transfer of the excess.
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Thank you @Tiffany for always contributing awesome responses to our Goodbudget community!
I’ll just add to her response to @Frustrated since you have the setting on “Add” any amount leftover from the previous month will roll over to the next.
It may be important to note that at 6 months you will have a total of $600 added from the monthly scheduled Fill. If this is not your intent and you only want $300 added you can update your scheduled Fill by going to the Homepage, locating and clicking the monthly scheduled Fill. From here, you can update the “Books and Gifts For Me” Envelope and replace the 100 amount to 50. Remember to click “Update”.
Hope that helps and if not feel free to browse through our Help Center or contact Goodbudget Support too!
Thank you for your response Tiffany. So, if the envelope fill is in the “Every 6 Months” category it still adds $100 monthly? What is the purpose then of distinguishing with the “Every 2 months” and “Every 6 months” categories? I’ll browse some more through the Help Center as Chloe suggests. I’m sure this is addressed somewhere! Thank you for the assistance.
If you set an “every six months” budget, then Goodbudget will calculate the monthly amount based on 1/6 of the total. This is perfect for, as an example, a biannual insurance premium. By setting a six month budget your account will have enough each time the bill comes due.
It looks like you’ve overridden that amount in your Fill, so although it’s in your six month budget, Goodbudget is honoring your adjustments and adding the extra.