Set budget in 1 week, what happens if I add an expense before?

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  • Updated 2 years ago
Hi!

Quick questions: I schedule the "Groceries" envelope filling with a "Set" amount of dollars (100$) when I'll receive my salary in 1 week. If I spend something today (5$), will the envelope still have the "Set"value i gave or it will subtract the expenses from now + 7 days? So at the end i will see the envelope containing 95$?

Thanks
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Francesco Cardiff

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Posted 2 years ago

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Sandra L. Milo

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"Set" will indeed make the amount $100.  If you chose "Add," then the negative 5 + 100 would = 95
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Francesco Cardiff

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I still don't understand.. If the final balance in 1 week will be 100, where does goodbudget takes the extra 5 from?
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Sandra L. Milo

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I would have to see how you have your entire budge set up to give you an accurate answer. 

We receive a fixed salary and have a fixed budget for every dollar (thanks Dave Ramsey).  I add a specific amount to all my envelopes every pay period.  If we've overspent in an envelope (restaurants!) during the current pay period, we will have less to spend in the next.  This way my Goodbudget accurately reflects the amount in our checking account.  I also reconcile it with my bank statement every month.
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Francesco Cardiff

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Hi Sandra, i think my question is pretty accurate.. Let's wait for someone else to answer. thanks for your time :)
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Lionel

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Hi,

it takes the 5$ from the unallocated. If your unallocated is not enough to fill this extra + all envelopes, you should get an error (though I can't be sure as I always choose the add option)
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Karisa Russell, Official Rep

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Hi Francesco. 

Sandra's response is correct! Your Envelope balance will reset to 100 in one week when your fill posts. That's true even if you spend 5 today. 

Thanks
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Lionel

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Hi Karina, Francesco's question was more where the app will find the 5$ to set the envelope to 100 and not to 95$
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Karisa Russell, Official Rep

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Hi Lionel, 

That depends on how he's filling. If he's filling from Unallocated, Goodbudget will pull the 5 from there. If he's filling form New Income, then the 5 will be taken from the income he's adding. 

Does that answer your question?