Now that you have groups and categories set up and you’ve categorized your most recent spending and earnings transactions you can start setting your budget plans for each category. 

1. Choose your Budget start date and period cycle

This workflow works best if you’re using a monthly budget period. You can still set a custom budget start and end date if that works best for you, but these steps work better using a monthly, 30 day, period of time.

2. Budget for Debt Payoff First

Start with your Debt Payoff category under the Debts group. Enter the monthly payment goal you set on the Debt Progress sheet into the “New Plan” field (column H) for this category. This is the starting point of your debt payoff journey. 

3. Budget for required spending

Set a budget plan for each of the categories for required spending like groceries, mortgage, and utilities. Use the actual spending totals displayed in the prior period to set a realistic plan.

4. Budget for discretionary spending

Review the planned cash flow amount in the Net Cash Flow summary box on the right. If there’s extra planned cashflow you can use this to set a budget plan for discretionary spending categories.

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Read what's next: Adjusting Your Budget to Accelerate Debt Payoff

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