Monthly expenditure

Ken Anson's Avatar

Ken Anson

13 Nov, 2018 08:52 PM

Hi there
I must be stupid but am trying to set up a monthly budget with regular payments in different categories to assess my expenditure - cant work out how to put in amount etc into each category. Is there an online tutorial ??
Thanks
Ken

  1. 1 Posted by mhoggie on 14 Nov, 2018 12:24 AM

    mhoggie's Avatar

    just a user,

    There are 2 types of budgeting setups in MD. To get started you need to create a new budget name and interval under Tools Budget Manager. Then when you access the budget you created from the left toolbar, you will notice all the categories and amounts spent will show up for the month without a budgeted amount set. You simply choose the items you want to budget and set up the budget amount. Then when you are finished, you can click on the Budget header and only see the budgeted items you selected. Then right click the current month and copy to the future month. (you have to do that each month). I prefer the 2nd (old style) budget. You create a new budget name, select Mixed Intervals (Old Style). Now when you click on that budget in the left tool bar, you will see an edit button at the top. Click this button and manually add the categories and amounts by clicking the + at the bottom and editing the new entry. You can set date ranges for the budget and each item as needed. No need to copy the budget to the following month. It will be good to the date you specify. There is one important thing to be aware of with MD budgeting. For some reason, they chose not to allow budgeting of any transfers to a credit card, mortgage, or loan. Many of us complained and I think at some point they will relent, but you will need to create a workaround to budget any loan payments by creating a special payment category for each account payment and adding additional splits in your payment reminders to force MD to capture the activity. It's not difficult to set up. If you search the discussions on how to budget a loan, you will find instructions.
    But for sure you want to review all the knowledge base articles on budgeting,
    They can be found here.
    http://help.infinitekind.com/search?q=budgeting&recent=1&t=f&utf8=%E2%9C%93

  2. 2 Posted by Ken Anson on 14 Nov, 2018 06:06 AM

    Ken Anson's Avatar

    Brilliant - thanks a lot - will give it a go

  3. 3 Posted by tony.cooper655 on 21 Nov, 2018 02:47 AM

    tony.cooper655's Avatar

    I reckon the old method works better, set it up as a yearly budget

  4. 4 Posted by Ken Anson on 21 Nov, 2018 07:11 AM

    Ken Anson's Avatar

    Thanks
    Am discovering that as well

  5. 5 Posted by yourbooks49 on 23 Nov, 2018 07:50 PM

    yourbooks49's Avatar

    JUST A USER, and all others thanks. I had bee using an older version and last year just stopped using it. Today I downloaded the new version 2017.10 to begin a new.

    Never used the budget function before. I didn't get very far so I will begin budget again.

    Thanks again. You all have saved me a lot of anxiety!!!

Reply to this discussion

Internal reply

Formatting help / Preview (switch to plain text) No formatting (switch to Markdown)

Attaching KB article:

»

Attached Files

You can attach files up to 10MB

If you don't have an account yet, we need to confirm you're human and not a machine trying to post spam.

Keyboard shortcuts

Generic

? Show this help
ESC Blurs the current field

Comment Form

r Focus the comment reply box
^ + ↩ Submit the comment

You can use Command ⌘ instead of Control ^ on Mac