If I change my budget amounts for a new month, does that affect the previous month budget numbers?

  • 1
  • Question
  • Updated 3 years ago
  • Answered
I am used to budgeting each month separately. If I change the budget amounts at the beginning of each month, are previous months affected? Will reporting show the original budget (for example, Spending vs Budget)?
Photo of gertiehud

gertiehud

  • 6 Posts
  • 1 Reply Like

Posted 4 years ago

  • 1
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1691 Posts
  • 217 Reply Likes
Hi gertiehud,

That's a good question. When you change the budgeted amounts of your Envelopes, your Reports will reflect the new budgeted amount. However, the only reports that will show different numbers as a result of the new budgeted amounts would be the Budget Allocation Report and the Spending vs. Budget Report. All of the other reports use your spending data to generate reports, rather than the budgeted amounts of your Envelopes. 

Does this answer your question? Please let me know if I've misunderstood what you're asking. 
Photo of gertiehud

gertiehud

  • 6 Posts
  • 1 Reply Like
Will the Spending vs. Budget Report reflect the different budget numbers for each month?  Does that report only include prior months, not the current month?
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1691 Posts
  • 217 Reply Likes
Hey there,

The Spending vs. Budget report by default will show your last budget period and can include up to 12 of your previous budget periods. This report always reflects what the current budgeted amounts are for you Envelopes - even if you look back 12 budget periods ago. That's because Goodbudget will forget what those old budgeted amounts were for your Envelopes once you update them.

Does that make sense?
Photo of Colin Grant

Colin Grant

  • 376 Posts
  • 109 Reply Likes
This is an inserting thread. Are we saying Karisa, that Goodbudget does or does not report on monthly budgets? For instance I go through Jan and then Feb but they will be different so whilst I appreciate it is not possible to view previous months activity is it possible to see reports on same although, as I understand it, those reports will not contain historic budgeted amounts?
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1691 Posts
  • 217 Reply Likes
Hi Colin,

I think I understand what you're asking. To clarify, you'll be able to view your Monthly Budget in terms of your spending (for example, you can filter for past months in your Spending by Envelope report). Unless you were to delete old transactions, whenever you view your spending reports, you will be able to view the proper data for your desired date-range. But, you're right that Goodbudget won't show your spending against your historic budgeted amounts if they have changed. Any report that has budgeted amount data will only show the budgeted amounts that your Envelopes are currently. 

Does that help to clarify a bit? 
Photo of gertiehud

gertiehud

  • 6 Posts
  • 1 Reply Like
It does make sense, although I have expenses such as electric that can vary quite a bit month to month,  I am used to adjusting my budget to reflect that month's amount, but if I do that here it will not reflect the previous months accurately,  If I am understanding you, the budget will always assume the same monthly amount applies for all months past and future?

What happens at year-end?  Can I adjust my budget amounts for the next year without affecting the previous year?

Thanks for your patience.  I am new to Goodbudget and probably need to revise my thinking somewhat.
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1691 Posts
  • 217 Reply Likes
Hi gertiehud, 

Not a problem! I'm happy to answer any questions you have as you're getting started with Goodbudget. 

You're right that reports that use budgeted amount data will assume the same month amount applies for all months. Right now, it looks like the Spending vs. Budget report is the only one that will use this information. 

It sounds like you are adjusting one Envelope in particular fairly often. You might consider not changing it as frequently. You could try giving that Envelope an average budgeted amount (in terms of how much you'll spend per month over the course of the year), and then Fill it with the exact amount that you'll need to make the payment. That way, your budgeted amount will be stagnant, but you'll be able to Fill with what you actually need. 

Would something like that work for you? 

Thanks! 
Photo of gertiehud

gertiehud

  • 6 Posts
  • 1 Reply Like

I think that works.  Looks like the change I need to make is to stop thinking of the monthly budget as if it has to mirror the amounts used to fill the envelopes. If I set a monthly average budget amount to equal the total expected amount for the year, and then fill the envelopes based on monthly actual payments that should work for me.

What happens at year-end?  Can I adjust my budget amounts for the next year without affecting the previous year?

Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1691 Posts
  • 217 Reply Likes
Hi gertiehud, 

I'm glad that option will work for you! 

To clarify, Goodbudget rolls over that data from year to year. So, if you update your budgeted amounts for the new year, the current or new budgeted amount will be reflected in your reports. 

Does that make sense? Thanks! 
Photo of gertiehud

gertiehud

  • 6 Posts
  • 1 Reply Like

So once I am in a new year, I can't get reports for the prior year using that year's budget?  This is probably not a big deal, just want to clarify.

Also, I don't see any way to print or save the reports.  Is that possible?

Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1691 Posts
  • 217 Reply Likes
Hi there, 

If you change your budgeted amounts for your Envelopes, the Spending vs. Budget report will only show the current Budgeted Amount for your Envelopes - even if you are looking back at last year. All of your other reports, your spending reports, don't use 'budgeted amount' data, so they will be unaffected when you update the budgeted amounts for your Envelopes. 

If you want to get a report with last year's budgeted amount data, you might try viewing the reports before you update those budgeted amounts - otherwise, they'll be lost. 

Right now, Goodbudget doesn't have printable reports. However, you can try copying and pasting the tables (not the graphs) into a Word document that you can then print. Alternatively, you can try printing from Print Screen. I know it's not as elegant, but it does work that way. 

Will that work for you? 
Photo of gertiehud

gertiehud

  • 6 Posts
  • 1 Reply Like
Thanks.  That is helpful.
Photo of Adhi

Adhi

  • 1 Post
  • 0 Reply Likes
Dear Karisa Russell,


Thanks for your helpful answers for previous posts.
I understand the condition. However just curious, do you have any plan to provide this feature for keeping independent historical budget of each different period?

Actually I have similar scenarios that I prefer to have different budget for different period (monthly or yearly). The reasoning is, sometimes we know that within specific months we would spend more than the average. For example: within a holiday season, it is likely that we will have more spending for transportation and entertainment on that month, and we indeed plan to spend more from the beginning. Thus it is very good that we can still analyze comparison of budget vs spending within those specific periods without affecting budgets of other more regular period.

Let us know if you have development roadmap for this, I believe this is very helpful and interesting feature, thus looking forward to it.


Cheers,
Adhi
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1691 Posts
  • 217 Reply Likes
Hi Adhi, 

Thanks for sharing about why this feature is important to you, and how it would be helpful! It makes that being able to see historical budgeted amounts is a valuable thing to be able to do. 

We don't have plans to work on this feature, at this time. But, I've added your vote for this feature, so that if we do plan to work on it, you'll be the first to know. 

Thanks, again.