Different inconsistent Incomes

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  • Updated 8 years ago
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I always get my standard income - say salary, and then very often I receive different incomes (work on my own). So my question is - what is the best way to record my inconsistent incomes?
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boomerius

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  • unsure

Posted 9 years ago

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cmchien, Official Rep

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@boomerius, thanks for your question.

The way to think about this is to decide how you want to allocate the money that you receive. Your salary, for example, may cover your basic regular expenses. In that case, I would use it to fund your regular envelopes like Rent, Groceries, Utilities, etc.

If your extra income is truly extra, then when you receive it you can use it to fund your "extras" envelopes like Vacations, Emergency Fund, Savings, etc.

If you're using our Plus/Premium versions, we also give you the option of receiving the income but keeping it "Unallocated"--and then distributing from the Unallocated Income into your budgeting envelopes at a future date.

Hope this helps!
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Chi-En Yu, Official Rep

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cmchien's last suggestion is now available to all of EEBA's web users -- not just Plus/Premium users. You can choose to receive income and leave it Unallocated, then distribute it later. Go to Transactions...Add Money / Receive Income, then choose "Keep Unallocated." Later, when you're ready to distribute the funds, go to Envelopes...Distribute from Unallocated.

For Plus/Premium users, you can do this on a recurring basis through Scheduled...Income and Scheduled...Distribution from Unallocated.
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Chi-En Yu, Official Rep

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Marking this as answered.