should i budget my saving and money market acct

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  • Updated 9 years ago
my question is should i budget my saving and my money market acct? because i made a deal with my bank. to have $50.00 a month pull out of my checking acct and put into my saving and money market acct ( $25.00 saving $25.00 money market acct)
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Posted 9 years ago

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Matt Crawford, Employee

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If you are using EEBA's Accounts feature, then you can make two account adjustments each month, one for $25 from Checking to Savings, and the second for $25 from Checking to Money Market.

That's on the Accounts side. On the Envelopes side, you don't really need to track anything because this is not an "expense" that you would normally budget for.

The distinction between real-life bank accounts and your envelopes can be confusing; you might want to check out the first part of our blog post that tries to explain how the two work together: