Set a budget for a year | Budget

Set a budget for a year

in progress

Sarah Keith

I would love for certain categories to be able to budget an amount for the year, rather than inputting month by month.

December 7, 2022

Jen from Lunch Money

marked this post as

in progress

The new budgeting feature within Lunch Money, which supports yearly budgeting, has officially entered alpha testing! Stay tuned for more updates!

Shannon Freeman

Jen from Lunch Money Glad to see that this and zero-based budgeting are in alpha testing. Until they're available, I can't move from YNAB. Is there a way to sign up to be notified? And will I be able to sign up for a second 30-day trial? I won't be using the trial I JUST signed up for because these two features are essential for me and my family.

Jen

Shannon Freeman Hi Shannon– upvoting this feature request will you keep in the loop! And yes, you can start a new 30-day trial anytime! Cheers!

Boele

You can already do this.... Via the little arrow behind the budget.

Jose Simon

David Osolkowski

This would be incredibly useful, as there are plenty of expenses--club memberships, taxes, insurance--that bill every six months or only once per year. Fixed with rollover does not really accomplish this, as there's no way to configure when the next payment is expected in order to know when the budget has actually been exceeded. Coming from Mint, this is a big disappointment.

Vanessa Alves

I'd like to second this. What I currently do using excel is I set a yearly budget for all the categories by month which then gives me a total for the year. I have a projected budget sheet, actual spend sheet and a variance sheet that all sync up after I do my monthly inputs (very manual). If we have this option, it would sync in great with the calendar view as well, so you have a very high level view of what the numbers look like for the year.

This woudl be a game-changer for me - Would allow me to easily budget for say, kid activity fees that I pay in installments in Sept, Oct, Jan and Feb. The workarounds are: Entering these as heavily-tweaked or one-off "recurring" transactions; or entering 1/12 of the annual total into each monthly budget. Both are a lot of work! But the only way for me to understand how much $$ I've committed to various expenses and therefore how much I have left to play with for discretionary spending over the year. The Savings Rate calculation would become useful as a forecasting tool.. that woudl be so helpful!

Edwin

Or quarterly will be also useful (Quarterly allows more lax budgeting ) - totally agree on yearly budgeting.

Esp travel, gift budgets are yearly set

Dayna

I totally agree. I'd be happy to entire "X" as the annual budget, which implies that X/12 is the budget for each month. Right now, we have to enter the monthly budget 12 times! If you have a lot of categories, that amounts to a big waste of time.

Benjamin Myers

I was hoping LM already allowed this too. I have certain budgeted annual expenses that have 1 time payments that I'd like to set once per year and have flow into monthly amounts (or be able to input the monthly amount for the next 12 months).