Glossary

Envelopes Page

To Budget

The money that you have left available to budget for the current month.

Past

The money that is leftover from previous months, this could be a negative or positive amount depending upon overspending and under-spending money from previous months. Tap the arrow to the left of the To Budget to display.

Income

The money that you’ve entered as either Income for this month or Buffer from the previous month. Tap the arrow to the left of the To Budget to display.

Budgeted

The money that has already been budgeted in the current month. Tap the arrow to the left of the To Budget to display.

Over

This should ideally always be zero, but sometimes life happens. This shows the money that has been overspent from an Envelope in the month or previous months. Tap the arrow to the left of the To Budget to display.


Envelopes Overview Page

Remaining

The money left to spend out of this Envelope.

Past

The money that is leftover from previous months, this could be a negative or positive amount depending upon overspending and under-spending money 

Activity

The money that has been spent out of this Envelope in the current month. Tap the arrow to the left of the Remaining to display.

Budget

The amount budgeted this month into the Envelope. Tap the arrow to the left of the Remaining to display.


New/Edit Envelope Page

Name

A description for the account.

Group

The Envelope Group that this Envelope belongs to. Used mainly for grouping similar envelopes on the main page.

Amount

The money that should be allocated to this Envelope from the To Budget amount in the current month.

Overspending

  • Don’t Ignore – Any overspending will show up in the Over amount of the Envelopes Page for the current month and the budget will reflect this overspending.
  • Ignore – Will ignore and carry over overspending for the month that’s being edited. If overspending occurs in this Envelope in this moth, the negative balance will be reflected on the Envelope next month. The To Budget amount will not reflect this overspending in the current month but will in the next month.
  • Always Ignore – Will ignore and carry over overspending for all months. Any overspending will be reflected in the envelope but will not be reflected in the To Budget amount.

Notes

Any information you would like to include about this envelope.

Quick Budget

A preset list of options that attempts to help make budgeting easier. We will provide several intuitive options depending on the current balance of the envelope. You may choose from Last Month Activity, Last Month Budgeted, Average Past 3 Month Activity, Average Past 3 Month Budgeted, Average Last Year Activity, Average Last Year Budgeted, and Balance (which will help you get your balance to zero).


Accounts Page

Net Worth

Shows the total value of all accounts which includes Budget and Reporting type accounts.


Accounts Overview Page

Balance

The current total of the account including any pending charges.

Pending

The current total of all pending transactions. Tap the arrow to the left of the Balance to display.

Cleared

The current total of all cleared transactions. Tap the arrow to the left of the Balance to display.

Payment

The calculated amount that is owed on the account. This is only meant to assist you in determining how much your payment should be when there is a pre-existing debt on the account like a credit card or line of credit. Tap the arrow to the left of the Balance to display.

  • This Payment dollar amount includes the amount of budgeted spending from this account plus the amount that has been budgeted toward the accounts Debt Envelope to pay it down.

New/Edit Account Page

Name

A description for the account.

Type

  • Budget – An account that will be included in the To Budget amount to budget into Envelopes. Accounts such as checking, savings, credit cards, or cash.
  • Reporting – An account that is only used to track the money in it and will not be included in the amount to budget. Accounts such as savings bonds, loans, etc.

Balance

When creating a new account this will be the starting balance of what’s currently in the account. When editing an account, this will just reflect the current balance of the account and will not be editable.

Notes

Any information you would like to include about this account.


Account Reconciliation Page

Statement Date

The date that you are trying to reconcile to, this is typically the date printed on the statement.

Statement Balance

The amount that you are trying to reconcile against, this is typically the balance printed on the statement.

Difference

The gap between the statement balance and the cleared balance of the account up to the statement date.

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