daily budget

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Hi there, i think it would be great where we have the envelope bar showing how much money is left for the month to have a per day calculation figure for the remaining amount. This would be particularly useful for my eating out and groceries budgets. 

Thanks for a great app, it really helps me keep on top of things :)
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Tom Cutler

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Posted 2 years ago

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Karisa Russell, Official Rep

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Hi Tom, 

I think I see what you mean. So, in addition to the currently calculation, you'd like to see something that says, "You can spend $5 each day on Eating Out for rest of the month." Is that right? Let me know if I'm on the right track and I'll add your request to our features tracker. Thanks!
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John Vander Stel

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Hi Tom,

GoodBudget establishes this at the beginning of each month by showing you an ever-changing graphic for each monthly envelope that indicates how much you can spend today and still stay on pace for your spending for the month.  The vertical line in the graphic shows where that balanced point is in the graphic for today and if you click on the particular envelope, it will offer the exact amount you can spend yet without out-pacing your spending.   If you have already overspent at that point in the month, it will indicate by how much, exactly, and suggest that you stop spending for x amount of days to catch up. :-)  
I actually use this proactively and very successfully to pace my own spending for groceries through-out the month, just as you suggested you want to do. 

This feature is missing in all other envelope budgeting software on the market.  

GoodBudget has you covered, Tom! :-)

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Tom Cutler

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Hi Karisa, exactly! Thanks so much.

Hi John, apologies for the lengthy reply. I see what you mean and I know it's not the end of the world to do a simple calculation but if I was good at putting time into my finances I may not be in the pickle I am and have the need for this great product.
   
As an improvement to the software I can see this as a neat feature, since the bar doesn't show a value of how many days left I have in the month and my start and finish days lie on the 27th, doing the calculation would become laborious every time I would like to know my current daily allowance for a given envelope. Especially when the computer could do it so easily! It would take a simple glance to know where I am rather than taking time out to do the math.
   
Often I have to purchase something unplanned which makes a big impact (going over budget mid-month) on my spending for the rest of the month and stopping spending for three days just isn't an option. A good example of this would be my Travel envelope, when I fill the tank with fuel I go way into the red, I can't stop spending for two weeks when I may need to use public transport from work to see a client (I work in London). Having a constantly updated figure for my daily allowance would better help me manage how I use the remaining amount.

Many thanks both for your time! :)
Tom

 
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John Vander Stel

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I understand perfectly.  It's not easy to budget, at all.  GoodBudget helps tremendously, and it could help even more in time.

If there is anything I can help you with, just let me know here or privately at j_vanderstel@juno,com.

If your budget period does not start and end on the first and the end of the calendar month, that is probably what is causing your problems with effectively using the graphic in GoodBudget.  That is a question for Karisa.  My monthly period starts on the first and ends on the last calendar day of the month, so I can't help you from my own experience with that particular question. 

My groceries and eating out are combined in my food budget like you so that graphic and the specific ahead/behind amounts given by GoodBudget are invaluable to me! :-)  Due to where I live in the country, I found that combining my heating and electric into the same envelope, as well, helps to smooth out my total expenses in energy from month-to-month since my electric bills are higher and heating bills are lower in the Summer... and visa-versa in the Winter.

I'm a life-long envelope budgeter.  I have used it for my own finances, for administering guardianship account finances and even for a small business, very successfully in the past.  I am now retired, so I'm free to help you and everyone else in any way that I can.  Just hollar if you get stuck or have a question on anything at all. 

My life was very blessed because of my use of envelope budgeting and the stress level was very low compared with the rest of the population, even though my income was actually below most.  I would just like to pass that advantage on to others. 

As you can tell, envelope budgeting is actually my passion and, believe it or not, I enjoy helping people with using it. ;-)

Everyone here in this forum is a great help. :-)

Cheers!
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