Advice for new setup without automatic bank connections

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I am considering moving from mvelopes and wanted to try goodbudget.  I have been reluctant because goodbudget does not automatically connect to online accounts.  I have not found an envelope based software that fits our needs.  We have 2 credit cards we use for spending and pay them off each month.  When you use money from an envelope in Mvelopes, it automatically moves that to a folder for that credit card to earmark it for the payment.

If I were to start today, what is the best way to get my transactions in and start with the appropriate balances in my envelopes?  My bank account is the money I used to fund the envelopes.
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Scott Kailey

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Posted 4 days ago

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Hi Scott. For me, I prefer to not have direct connections to my back accounts. Both from a security perspective, and based on the fact I want to manage my accounts on my own. I think you'll find Goodbudget very flexible, and at the end, it really is up to you how to best use the system. There is no one right way, although there are best practices. 

If you haven't already, spend some real time going through the tutorials. For me, it answered most of my questions right away. For the few that I had left, this forum is great and supportive. 

I, too, have a few credit cards, and generally pay them off monthly, or more often. If you think of credit cards and cash like you do checking and savings accounts, then you can be agnostic as to which account a transaction comes from; no matter if I used a credit card, my debit card (thus from checking), or cash, it all comes out of an envelope. Then when I pay my cards off, I just transfer that pay off amount from checking to the credit card account. Very easy. And if you ever have a large balance card, that you will pay off over time, just create an envelope for "debt payment" or whatever you want to call it, and treat it like any other bill, until you get it to be more manageable. 

The way I started, is to sit down with pen and paper, and brainstorm every typical purchase I have monthly, annually, quarterly, etc. Then build envelopes to those and allocate funds from my available balance (which in the beginning should be your "unallocated" balance). Then start adding in goal envelopes for longer-term purchases. Over time, you'll tweak and adjust until you get it just right. 

Honestly, budgeting has gone from a chore to really easy and kind of fun; using GB.