stouset
06-12-2008, 01:00 PM
The budgeting tool should allow you to budget your uncategorized and/or cash expenses.
The latter would be most useful, since I have certain amounts set up in my budget, but withdraw a fixed amount of cash every month for discretionary spending. With it in the budget, it would be automatically figured in to my estimates of monthly spending.
The alternative of simply splitting and categorizing my cash transactions is both inconvenient, and doesn't fit into how I budget. If I categorized discretionary spending, it would also flag categories as over budget, which is counter to the point of having a few extra bucks that I can spend "as needed".
The latter would be most useful, since I have certain amounts set up in my budget, but withdraw a fixed amount of cash every month for discretionary spending. With it in the budget, it would be automatically figured in to my estimates of monthly spending.
The alternative of simply splitting and categorizing my cash transactions is both inconvenient, and doesn't fit into how I budget. If I categorized discretionary spending, it would also flag categories as over budget, which is counter to the point of having a few extra bucks that I can spend "as needed".