Setting up an "Irregular" Goal Envelope

  • 73
  • Idea
  • Updated 4 years ago
  • Implemented
  • (Edited)
I was setting up an envelop under the annual / irregular section. I found this section to be quite useful but I have a suggestion/request. Would it be possible for there to be an option to change an irregular envelop to a set number of months that it will be in use? For example, lets say I want to budget to pay off a bill in eight months. I could then select the irregular envelop, then set it to eight months and the amount I enter to pay of the bill is split over the eight months evenly. So essentially the irregular envelop will be like the annual envelop just with less or more than 12 months.

(My apologies if this topic has already been brought up. I scanned the topics list but did not find anything quite like what I had in mind.)
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Renjira

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  • open to new possibilites.

Posted 10 years ago

  • 73
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Becky Huang, Official Rep

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Official Response
Hi everyone!

Just wanted to let you know that we’ve just released Goal Envelopes and Annuals with a due date on the Goodbudget website! You can create them on the Add/Edit page in Goodbudget on the web (https://goodbudget.com/envelope/edit).

Under the “More Envelopes” section, you can add one-time Goal Envelopes and/or give your Annual Envelopes a due date, and Goodbudget will help you reach your goal on time by suggesting how much you need to fill each time based on how many budget periods you have left before your due date. What if you add extra money from a bonus paycheck or transfer funds from another Envelope? Goodbudget will count that as well, and adjust the suggested fill amount so that you can reach your goal earlier without going way over. Once you've reached your goal, we'll stop suggesting a fill amount for your Envelope.

You'll be able to see your Goal Envelopes on your Android and iPhone once you've created them on the web, and we'll be adding the ability to create them through your phone early next year.

Create new goal Envelopes or add due dates to existing ones this weekend! We'd love to hear your feedback on this new feature next week! Please email support@goodbudget.com with your thoughts.
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Karisa Russell, Official Rep

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Official Response
Hi folks,

We wanted to let you know that you can now create Goal Envelopes and Annuals with due dates on your Android phones!

To create one on your Android, tap on the three vertical dots > Edit Envelopes > +Add Envelope. Then, change the Budget Period to ‘Goal’ for your one-time savings, or ‘Every year’ to create Annuals that repeat yearly. Don’t forget that you can add a due date to both.

Happy Budgeting!