I started GB towards the end of April. I get paid weekly and one other payment at the end of the month. My husband gets paid every two weeks. I want to set up the May budget ahead of time so that we can see what needs to be paid on which date, using the income we have available at the time. We do not have a month cushion yet as we just started this. Any ideas? Thanks!
It may take a little juggling in the beginning as you build up a month’s cushion, but here’s what I’d do:
First, enter all your expected expenses as “Scheduled” transactions. That will put them in your future transactions list but not in your check register. If you know how much you’ll need to spend on essentials, you can budget for other needs, luxury items and savings with the remainder of your expected income.
When you get paid, determine how much is due in the “must pay/must buy” categories (utilities, gas, groceries, etc.) before your next check, and fill your envelopes with enough to cover. Then you can use your Unallocated remainder to fill the other envelopes—be sure to put some in an envelope for your cushion! Each time you get paid, just repeat the process. Eventually you’ll have enough in the Cushion envelope to cover the whole month and you can fill from there (or move it to Unallocated and drain/refill that each month).
I hope that helps!
PS—you can schedule income just like another transaction, so if your checks are consistent you can put them in your future list to help with planning.