unallocated for multiple accounts

  • 1
  • Idea
  • Updated 3 years ago
  • Not Planned
Problem: Need the unallocated functionality for multiple bank accounts.

Current Solution: Use unallocated for one bank account and create another envelope to sweep money into from other account.

Preferred Solution #1: Be able to create envelope transfers to multiple envelopes at the same time. Let me select Add Transaction, Transfer, Enter amount, Select one envelope it is coming from, and then split that amount into multiple envelopes.

Preferred Solution #2: When filling envelopes be able to select from three options as the source:
1. New Income
2. Unallocated
3. Other envelope

I have been using Goodbudget since 2008 and love it! Because my income and my wife's income looks very different, I've always felt there was a need to be able to separate two accounts within the same Goodbudget profile. The new updates and the ability to have some envelopes for every 2 weeks and some for monthly has been a huge help with solving some of those issues!

I've thought about it more and I think perhaps my only sticking point right now is that the "unallocated" folder can create problems for tracking the amount of money in an account. One of the problems is I can't fully utilize the capabilities it offers for both accounts without becoming confused.

I have 2 bank accounts, 1 for business and 1 for home. I have envelopes grouped into things like "home: gas" and "business: gas". I even set the name of my credit cards to reflect if it is for home or business. 

Right now I use "unallocated" only for my home bank account. If I used it for both it could cause a situation where I wouldn't know if I over spend family money and started using business money to fill my envelopes. I don't want my business and home money mixing.

To fill my "business" envelopes I have to select fill envelope, put $0.00 as the amount of income and then set my envelopes to their budgeted amount and use the sweep function to pull the overage out of the envelope I prefer. This results in an envelope transfer being labeled as new income. 
Photo of Mark Williams

Mark Williams

  • 8 Posts
  • 0 Reply Likes
  • Thoughtful

Posted 3 years ago

  • 1
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1653 Posts
  • 216 Reply Likes
Hi Mark, 

I think I understand your suggestion! It sounds like you are tracking multiple Accounts. So, in order to see how much you have 'Unallocated' per each Account, you've created Envelopes to stash leftover money in each Account. So, for you, being able to split transfers would mean that you have to make less Transfer transactions to those Envelopes. Is that right? I can see how that would be helpful!

One work-around, that is very similar to your Preferred Solution #2, would be to create a Fill from Unallocated to mimic a Split Transfer. It would allow you to unfill the Envelope that you want to funds to come from, and divvy up that money into your desired Envelopes. Here's are the steps for how you'd do that while on the web. 

* Click on Fill Envelopes > From Unallocated
* For my example, say I want to transfer 50 from Groceries, and put 25 in both Gas and Fun, respectively
* Enter -50 into the Amount field next to Groceries, to partially unfill that Envelope
* Enter 25 in both Gas and Fun to add funds there
* Press Save when done

That would effectively make a transfer from Groceries to multiple Envelopes. 

Does that sound like something that will work for you?

Thanks!
Photo of Mark Williams

Mark Williams

  • 8 Posts
  • 0 Reply Likes
That is a good work around I hadn't thought about. That should help in a lot of situations.
It will still be labeled as new income but in most situations it isn't a big deal.
(Edited)
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1653 Posts
  • 216 Reply Likes
Hi Mark, 

Glad this will work for you! To clarify, you'll be making Fill from Unallocated, so you can Name it how you'd like. 
(Edited)