How to create envelopes for bills?

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  • Updated 4 years ago
I have one final issue preventing me from purchasing the upgrade. I want to set up envelopes for bills. However, the envelope system is oriented towards maintaining a surplus of funds specific to various categories over a certain time period (hence the "happy" envelope face when green remains in front of the black time bar). Conversely, bills are generally paid in one lump sum. Thus, when I create an envelope for a bill and pay it off in a single transaction, the envelope appears to be "drained" of all funds ahead of schedule. Is there a way to create an envelope that becomes a "happy face" when I pay the bill? Or do I have to reduce the envelope to zero with the understanding that I have paid the bill despite it being negatively reflected when I open that envelope?
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Jon

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  • undecided

Posted 5 years ago

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Becky Huang, Official Rep

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Hi Jon,

That's a good question. It's true that the little black line and happy/sad face helps you in your spending throughout your budgeting period as the line moves across your spending bar incrementally. It's most helpful for staying on track for spending that happens throughout the month.

For expenses that are paid in one lump sum like bills, the Envelope will be empty and if you open it, you're right that it'll indicate that you're "behind" until you fill your Envelopes again for the new budgeting period.
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Shannon Cavey

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I just want to add that I agree with this poster! I love that we can differentiate between annual bills and goals (I understand that is relatively new?), and I wish we could do something similar with bills and other accounts! So if something is designated as a "bill" then it starts as a sad face, and once it is drained, it becomes happy because the bill is paid. But if the envelope is designated as a spending envelope, then the face stays happy if it is full but sad if it is emptied.
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Colin Grant

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I would like to +1 that. I have raised this question, indeed issue, myself earlier. I do see it as an issue for it really is misleading to see an envelope demanding to be filled when it has just been emptied to pay a bill in full. It surely should not request a "fill" until it gets to the next budget period? Is it that the standard envelopes do not know when the next transaction is due so errs on the side of caution?

Sorry to raise this again but this seemed the ideal place to do so in order to support the request made by Shannon and others.
(Edited)
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Karisa Russell, Official Rep

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Hi Colin, 

I've added your vote, as well. It seems fair to say that Envelopes don't necessarily know when you'll next fill them and so they do err on the side of caution to help you not overspend in an Envelope. 

I do think it would be helpful to have some sort of 'Bill' Envelope so that Goodbudget doesn't suggest to refill an Envelope that represents a bill that you've paid. 

Hope this helps! 
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Colin Grant

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I agree but is another envelope required or would it be better just to have the existing envelopes definable? That is what you are doing with the variable period envelopes I believe so a similar approach might work here.
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Karisa Russell, Official Rep

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It could be helpful to have a feature that's definable, so that your Envelopes that represent bills now could turn into a Bill Envelope. 

Is that what you mean? 
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Colin Grant

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Spot on :-)