Money is still by my monthly envelopes allhtough I made a transfer

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I have filled all envelopes and the total amount above is what was in my budget to allocate to the different envelopse. So good so far..

When it is time I will make the transactions from all the envelopes.

 Today I moved an amount from an envelope I had set to 300 (1) From this envelope I moved the amount to an envelope that has a dedicated purpose, no limited amount, but the purpose is for activities to come in the spring.

 Image 1, I had set the budgeted amount to 300 after moving it correctly is now to 0

Image 2


I have not set a budget as I only want this ‘not being a part of my budget' but rather see how it grows and see how much I have there. When I need to use it to pay I intend to make a transfer / payment from this envelope.

However the balance for my envelopes are still as it was set from the beginning, but in reality I would want it to be 26135- 300= 25835

How can I fix this?

Really grateful for help as I want to be able to use this the best way but also to see my 'savings' or money allocated for special purposes grow  and still have the correct balance by envelopes.

Kind Regards,
Anna-Karin







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Anna-Karin Danielson

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Posted 3 months ago

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Wayne Woodbury

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Anna-Karin,

You might want to try setting the envelope up as an Annual or Goal envelope.  This will put the envelope in a different section and the total will not be included in your Monthly section.  Additionally, there are settings with this type of envelope that will allow you to add a specific amount to it monthly, an annual amount, or you can set a goal amount and a date to achieve this and it will tell you how much you need to deposit in that envelope each month to stay on track.  You can also deposit money directly into this envelope with your monthly Fill transaction without creating a separate monthly envelope or adding extra transfer transactions.  If it is for a specific purpose, like a new car or a vacation fund, you can record checks directly against this envelope and your reports will reflect your transactions accurately.  If it is a general purpose savings envelope, then you can transfer money to another envelope when you are ready to spend it.  I personally like to have a specific purpose for all of my envelopes

I hope that helps.

Wayne
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Anna-Karin Danielson

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Hi Wayne,

Thanks a lot - am so eager to get started now this first month and try to prepare by Friday as it is pay-day.
But I do something wrong..
I did the Annual envelopes and set no amount as I just want them to grow



It worked fine to move money from the envelopes I had prepared by my monthly envelopes. Only thing there is that it deducts from my monthly budget which is absolutely perfect.

But when I try to add on an amount I already have set aside before starting upp with Good Budget and try to transfer it directly to one of these envelopes I get a -xxx amount.

I then tried to add it on as an income, but that is not really true eihter...

Just don't understand how I can fill these envelopes directly..
Would be awesome to be able to do so, I have tried different things, but either I end up on a negative amount on top of the screen that says unallocated or I get an added amount to my income (:-

Kind Regards,
Anna-karin



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Alex Park, Official Rep

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Hi Anna-Karin,

It sounds like you're trying to add money to your household to represent money you had in the first place, but don't want to add it to your household as Income. Have you set your Account balances to reflect the balances of your real-life Accounts yet? This is usually a step that can fill in "missing" funds from your household. You can set your Accounts' balances by going to the Edit Accounts page and changing the numbers in the Current Balance fields for your Accounts.
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Wayne Woodbury

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I read that the same way Alex did.  Make sure your accounts reflect your current balances.  The total balance of your combined envelopes should match the total balance of your combined accounts.  The envelopes and the accounts are just two different ways of looking at the same pile of money.  Your accounts represent the actual physical location of your money, and your envelopes reflect your plan for that money.

If your account balances match your actual balances, then adding false income will throw that off.  The only thing you should do at that point is transfer money between envelopes.  You can transfer money between envelopes without affecting the balances in your accounts.  Likewise, you can transfer money between accounts without affecting your envelope balances.

Wayne
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Anna-Karin Danielson

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Dear Alex and Wayne

Thanks a lot for your input.
It finally works:-)
Can't wait to get started.

Until next time ...thanks!

Anna-Karin