Sinking Fund, I was doing this already! I thought of it on my own because it made since to me, but I nicknamed it our Pre-Allocated account. In the very rare occasion that we have to use our emergency fund, which only happened once, I also deferred the expense in the budget every month to pay back the emergency fund. During this time we had to find margin which meant “rice and beans, beans and rice”. I did something similar when we were building our emergency fund from the $1000 to 6 month in the first place. It really unmotivated my wife to see us in the red and caused her to give up on the budget, so she would go back to just watching the balance which led to spending more. That is why I found this creative way to motivate her to not give up early on! I’ve been doing the budget in spreadsheet software for years. I just started giving Every Dollar a test run this month!
They really need to make funds have a goal that does something. For example, right now, funds just keep doing a monthly amount. If I want to save $x,xxx for something at $xx a month, then it should stop contributing or ask me what I want to do once the goal is reached. Oh, I miss my SIMPLE BANK bank account :( I had that thing DIALED.
That is a great suggestion. One reason I use a spreadsheet is because I can customize it to fit my personal situation better than being tied to parameters on something someone else built. However, giving suggestions to a software developer is a great way for them to improve their software if they listen to constructive feedback.
We need this ! For things like amazon prime and yearly subscriptions. What I've been doing is taking that year amount and dividing it by 12, then adding a section to my monthly expense. then when its time to pay I already have that money in my checkings ready to go. I do note it as Amazon Prime (Yearly) in my budget. You can set also change the remaining amount as well, I haven't done a budget yet since I just started but I'm thinking this is how it goes
@@TherealSeanTroy Making it a fund seems to fix my issue . I also add a note of due date and when that transaction goes through I can drag the payment to the fund . Seems like the best way to do this.
