How to add a transaction with no envelope to associate to it?

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I’d like to be able to add transactions, that are not associated with an envelope, but instead, come directly from my checking account (unallocated) funds (kind of like a check registry)..

When I try to add a transaction, it wants me to pick an envelope but I don’t have an envelope for random charges that I need to account for from my checking account.

Thanks!
Josh
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Josh

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Posted 1 year ago

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Wayne Woodbury

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Josh,

The total balance of your combined envelopes should always match the combined balance of your accounts.  Goodbudget will always prompt for an envelope and an account when entering a transaction so that the balances will remain accurate.

Goodbudget does not allow you to record a transaction by selecting "Unallocated" as the envelope.  You must first assign the money to one or more of your budget envelopes.  If you have income that is still in the "Unallocated" envelope, you may want to create your own "un-budgeted" envelope where you can put money you don't intend to include in your regular budget.

I find this to be an odd request and I am not confident I am giving you good advice.  Can you provide more information about why you want to record a transaction but not track it in your budget?  If I can understand more about your intent, I might be able to give a better recommendation.

Wayne
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Josh

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Wayne:

Thanks for the info.  I am going to create a separate envelope called "Checking/Cushion", and then distribute the unallocated funds to.  I can then create miscellaneous transactions against that envelope.  Thanks for your help!

Josh
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Wayne Woodbury

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You're welcome.  Just to explain why I wanted to know more about your intent, budgeting is about creating a plan for how you will spend your money.  Budgeting apps like Goodbudget help you keep track of your expenses so that you can meet your goals.  Tracking helps you learn more about yourself as much as it helps you plan for the future.  You don't need one envelope for toilet cleaning supplies and another for dish washing supplies, but it is still important to track those expenses.  Track your expenses in the detail that you need.  I for one track a lot of my household expenses (like toilet cleaning supplies) in my grocery budget.  I do this because they are fairly steady/consistent and I always buy those things at the grocery store.  I don't want to waste time splitting transactions into different envelopes, so I lump some of those things together where they make sense.

Some things I need to track in more detail, so they have a specific envelope.  Sometimes I create an specific envelope for savings purposes.  I can kind of estimate the life expectancy and cost of most household appliances and so I put a little money aside in an envelope each month for appliance repair/replacement.  When those expenses come up, it's not a big hit on my budget because I prepared for it.

Everyone does their envelopes a little different, but I think you are wise to keep track of those expenses as it will help you plan other parts of your budget and know where your money is going.

Happy budgeting.
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Josh

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Wayne:

What you explain makes a lot of sense. Unfortunately I am new to the envelope system but after asking questions, watching the helpful GoodBudget videos, and getting some advice, I think we’re on the right track now. I was used to budgeting for bills but not so good at budgeting for savings and “other” unrelated expenses. I’m looking forward to being utterly honest with myself about where our money is going. These envelopes will help with that. Thanks again.

Josh
(Edited)
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Wayne Woodbury

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That's awesome!  Let me throw in a tip for a feature I really love about Goodbudget.  If you haven't discovered it already, learn about "scheduled" transactions.  You can schedule a transaction for a future date in Goodbudget and set it to repeat automatically as often as you like.  For my payments that are the same every month (mortgage, Netflix, car payment, etc.), I set up a recurring payment with the "Bill Pay" feature on my credit union's software and set up a matching scheduled transaction in Goodbudget so that I never have to record those transactions.  They just automagically appear in my envelope/account registers.  Fire and forget.  Very useful.
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authorangelawilson

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I finally just at created a Checking envelope for oddball transactions- like Amazon purchases - or auto pays. It’s a good way to see how we use the debit card and compare to envelopes, see where we are “secretly” using the debit card to over spend - if that makes sense!
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Wayne Woodbury

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I thought of a suggestion that might be useful to you.  This came up in my own budget and so it has been on my mind recently.  I keep an envelope for miscellaneous expenses that don't fall easily under another envelope.  I recently broke it out into two envelopes, one for necessities and the other for wants.  I believe that keeping envelopes for necessities separate from envelopes for non-essentials can be very useful, especially if you are on a tight budget.  Sometimes, at the beginning of the month, it looked like I had enough money to buy a few optional items, like a board game or video for the family, but by the end of the month, I no longer had money for essentials, like toilet paper.  I'm much happier pinching pennies than I am toilet paper squares.  By keeping essentials separate from wants, I make sure I can use as many squares of toilet paper as I need all month long. :-)