Im trying to use the calendar to auto commit a day before, and then when the transactions download the next day i just merge them. Because the way im budgeting for my bills i have to pull from my Jan-31 paycheck, due to my major bills being due usually the middle of the month.
So i have (2) transaction reminders for my paychecks, ( 1 for each account).
On the same day as my paychecks in calendar view, below it, I have a transaction reminder of the remaing amount i need for this week,(ive calculated all my bills and divided the total amount by check).
Yes, Ive been playing around trying to come up with a solution for the categories instead of the transfer categories, Im thinking I just create new categories for these bills ,or the sub account process. But then it also showing on my budget for bills ,Correctly that is.
You are starting to figure it out now. Most don't realize how useful it is to create custom categories. It's much better than using tags. For instance if you want to budget a loan or credit card payment (mortgage tracking is a bit different), all you do is create a special category like "Car loan payment", then when you set up the reminder, you add a split to the categories to not just show the normal payment to your loan account that you would have set up on MD, but also the same amount to the "car loan payment" category, then another "null" category to offset the additional split so your total transaction will just be the payment amount. Then you can pick up the activity on your budget by using the "car loan payment" category. Mortgage payment budget tracking is similar, but you have to use a holding account or extra reminder because the mortgage reminder will not let you split categories.
yes thats exactly what im trying to impliment here but so far no luck.
Right now i just have an account with 2 weeks worth of bills But the total amount says i have more like 3 weeks worth of bills.
I wish there was an easier way to manage bills using the mixed interval budget. Ive tried it and read the directions but i just cant seem to understand how the date works and why it wont show me week to week and month to month
are you setting the budget items as monthly, weekly, or a mix.
I've never used the weekly budget, just monthly. So not sure what the budget bars look like. I might play around with situation you have and see what MD does.
Of course, the main thing is to have just enough money in your bill payment checking to easily cover bills as they arrive. MD budgeting is more a past tense view.
Right now i have 2 budgets one for weekly so i know how much money ive allocated in the account after each check. but thats not working out, So the next one i have made is a monthly bills tracker, And for this one its a mixed interval old, But im working on setting up to begin the last week of each month and end on the 3rd week of the next month Since i have to take money from my last check of the month the 1st check of the next month and 2nd check in order to clear my self for bills the whole month. Any tips on what i could be doing wrong?
Im just trying to set up a budget that shows the money being allocated. As of right now ive tried everything to help me with this and nothing is working. The only thing thats working is the transfer to the account but even then there is no way im allocating the money, I just have to know in my head every week the balance should stay at a certain amount every week. And its difficult for me to just know with out seeing physical numbers so i may be putting 287$ in my bill account, but the next week i need to have, $287+287=$574, with no budgets i cant divi out what i already have to what t goes to and thats what i wanna see, "
So a break down basically
when i have $574- really means
1-$250 car payment
2-$178- car ins
I think the tricky part is not being to add categories to deposits or transfers. Like my work deposits 287$ in my bill account. How do i add these indivdual amount to specific categories like ortho , Car ins, Car payment, so that way in budget it would reflect that the first week i have 150$ allocated to my car payment, 89$ is for my car ins, and 48$ is for my ortho.
Are you saying that your employer pays specific amounts for things like car ins, car payments etc? Or are you just saying that you have an amount from your wage going to a specific account which is then used to pay certain bills?
My person opinion is that it sounds like this setup is becoming far too complicated. Simple is best, makes it easier to track and maintain, and keeping the software in line does not become the major objective and task.
Yes I agree with keeping it simple. The only thing I am trying to track are my major bills.
I have another checking account(bills), where my employer splits my check weekly and deposits the amount of ($287) into that account and the remaining is deposited into my main account.
($287) is the weekly amount I need for my 3 bills mentioned.
But imt trying to budget the actual current amount in this account and what its going too. so lets say week 2 is here I should have ($574) in this account. IF I were to split this total amount i could write it all out on paper and determine how much is saved for each bill so week t2 for example would include:
300- car payment
178- car ins
88- ortho payment
so I just was able to see how much goes to what based on the total amount.
Since I do get paid weekly. Im trying to be able to track just the money for bills each month so when have the amount for lets say whren why car is due I can just pay it with out a doubt that ill run into issues with other bills because MD- budget would have told me what money is in the account and whats it is allocated to. and if I was one payment or check away from my car payment ill know in the beginning of the month. not when the payment is due. I don't think its complicated for bills. I already have a budget going for my monthly living expenses so thats no problem. Its just allocating money based on transfers. You mentions deposits are categorized and while yes thats true, For what im trying to use it for its not. Because the ($287) thats direct deposit is my salary , So how would I categorize these for my bill amount budgets? If its already categorized as a deposit. Ive tried to balance the transaction as a wash, so 287 in and 287 out to all of the certain budgets but it ends up just saying $0, and ive tried the sub account idea but That is complicated. IF I could just figure out a way to know what the total amount in this amount allocated per category and not a total amount is my end result. I hope this clarified and Thank you all again for your tips and insight I really appreciate it !
Thanks, Yes i believe i read this article already and i tried it as well, But I dont Really know how to reconcile my account i just enter the transactions nightly and then on paydays the downloaded transactions that are there i just confirm them or merge them and then they are marked cleared.
I tried to set up the sub accounts for each major bill but i just didnt think it was that easy seemed more complicated to me, thats why i was just trying to use categories and a budget for this. Right now im looking into more ways other then the envelope way to keep track of allocated money in one account.
i will look into money pie today thank you!
Right now ive got Transaction reminders, For my bill amount , into there categories Weekly car,weekly car ins, weekly ortho these are the allocated amounts that eaqual to $287, The issue im having with this option (although it does work for what i need) it subracts it away as if its a payment being made when the transaction is split into its categories not actually leaving the account. So the money is allocated in my budget but when it comes to my ledger, My online bank at the end of the 3rd week when i pay bills It says i have $861 but the same account in money dance doesnt reflect that because its taking the money away when the transaction is entered shich really sucks?
anyone have any other way they can recommend?
All i really need that is of importance is to know where my money is and what it goes to before it leaves my account. Or to know what money is allocated to what when i see the amount allocated is there ill log on and pay it with no doubt the money was tracked per the checks i receive.