savings accounts/goals

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  • Updated 5 years ago
This may be a basic question, but I am just getting started using goodbudget. I have created goal accounts for some saving goals I have (e.g. vacation, a new car, etc.) So, when I physically transfer money from my checking account to my savings account, how is the best way to record it in goodbudget? Is it showing it as a transaction or filling the envelope with that particular amount of money, or both? Currently, I am recording a new transaction and filling the envelope, then I keep track of the variety of things I a have goals for on a separate excel file to itemize by savings account.
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Lacy Lahman

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Posted 5 years ago

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Photo of Karisa Russell

Karisa Russell, Official Rep

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Hi Lacy,

I'm glad that we were able to clear things up over the phone. For anyone else who is just tracking their Checking Account in Goodbudget, when you make a transfer from your actual checking account, you'll want to record that in Goodbudget as an expense. In order to do that, you'll need to add that expense to an Envelope, possibly a Savings Envelope, so you can see that you have less money available to spend in your Checking Account.