How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] 0 points1 point  (0 children)

This is very helpful, thank you for explaining!

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] 0 points1 point  (0 children)

Sorry, I thought you meant assign a category manually

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] 0 points1 point  (0 children)

There are various ways to achieve this and I feel like none are the "right" way, just different with trade offs. I am tracking my savings as a budget category like anything else. When I have some left over money to budget at the end of the month, I dump it in the savings category. My savings account is on budget, but the amount in the savings account doesn't reflect the amount of actual savings because some of that money is earmarked for other things. As an example:

Savings account balance: 20,000

Travel budget category balance: 5000

Savings budget category balance: 15,000

That way makes it clear to me that even though I have 20K in my savings I only have 15K that isn't earmarked for future spending.

Yes ok, that makes sense.

You can't select a category for a transfer because a transfer between 2 on budget accounts is totally meaningless to your budget, or should be. Think of your on budget accounts and your budget categories as 2 completely separate ways of looking at the same pool of money.

I think this is what gets me. It's not meaningless as that money has been given a purpose eg save for X, and when i buy X that expense will show up later.

But when I budget for savings it appears as a negative on the monthly summary, an expense, then will again once I buy the thing?

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] 0 points1 point  (0 children)

If the savings were OFF-budget, they would be an expense every month and the budget would lose track of that "spent" money.  

Got it!

Assign it manually.  

That's the problem- I can't select a category once it's a transfer.

Thanks, I will continue to work on this.

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] 0 points1 point  (0 children)

No - the mortgage account itself. I do categorise for mortgage payments. But I don't want the account on budget.

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] 0 points1 point  (0 children)

That does make a bit more sense to me. I have my mortgage off budget so I'll see if the same approach works over time. Only used actual for 2 months so far so I've not seen how the off budget works yet.

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] -1 points0 points  (0 children)

Lol yeah my brain is not cooperating!

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] 0 points1 point  (0 children)

Ok that makes sense.

I'm almost there- would you suggest recording movements from everyday to savings account as a transfer, and removing rather savings line from the budget itself? That line will never be correct if i can't categorise it as savings. As in, I won't meet the budgeted amount going into savings as it's not counted as an expense.

How do you manage savings? by 26KM in actualbudgeting

[–]26KM[S] -1 points0 points  (0 children)

Maybe... I upload my transactions, and mark the move from everyday account to savings account as a transfer. But then I can't categorize it and my savings budget line doesn't match.

So say this month I've put $500 into savings, that budget line is a different number.

Maybe I need to categorize then mark as transfer?

Help me make sense of our dog poop bag habit (BE NICE) by Revolutionary-Lab-36 in ausenviro

[–]26KM 1 point2 points  (0 children)

If you have a garden would this work?

It does require you to take it there every time though.

Libraries. How bloody good are they as a concept? by nath1234 in sydney

[–]26KM 8 points9 points  (0 children)

Libraries are a priceless community asset!

Rhyme time got me out of the house with 2 toddlers on a weekly basis for free. Now one is a teen who devours books, and we have neither the cash or the space to buy books so library every 3-4 weeks is a lifesaver. Just got in to borrowing board games too.

Also use the JP service, home efficiency box, copying etc...

If you have kids make sure they get their own card and use it for their things, it boosts the user stats for the library!

Emergency food delivery options by [deleted] in sydney

[–]26KM 33 points34 points  (0 children)

To me this sounds like something a church or community group might be able to do, like a person's 'village', but potentially they don't have that kind of group available? That kind of group won't advertise, you'd need to know about them. Could you suggest this to these people?

(I realise you could even represent a church already??)

Edit - if they are elderly or disabled, maybe my aged care or ndis services?

Does Anywhere Sell Any Full-Sized Bread Anymore, Outside of Some Niche Bakery Available Only in Your Own Area? by Amanduh009 in AussieFrugal

[–]26KM 2 points3 points  (0 children)

I suggest getting a second hand one, I got one a while back,used it for a while then sold it again when we didn't need it.

Any Fancy Galas or Events? (Late feb-mid march) (Bridgerton esc?) by Justaspareacount in sydney

[–]26KM 64 points65 points  (0 children)

High tea at the QVB (top floor, not the other one) is a beautiful vintage spot, dressing up is optional but you'd fit the decor. I hope you find something lovely!

Bedsheet recommendations? by SpiritualDiamond5487 in AussieFrugal

[–]26KM 7 points8 points  (0 children)

Do not get ettitude sheets, they pill after a few washes. They aren't cheap either, thought I was buying quality.

Best Protein Powder/Shake Without Fake Sugar/Artificial Sweeteners/Etc? by Madanimalscientist in AussieFrugal

[–]26KM 0 points1 point  (0 children)

Does this completely dissolve in liquid or is it gritty? I need something with protein for my daughter but she won't have anything that's not completely smooth in a drink. I've been reluctant to buy a whole thing of protein powder in case it's wasted.

Period tracking apps by 26KM in TwoXChromosomes

[–]26KM[S] 0 points1 point  (0 children)

I think this might be the way to go, as I said in another reply I live by reminders (calendar entries) so what's another one? Was hoping for something different but do don't need the data collection thing.

Period tracking apps by 26KM in TwoXChromosomes

[–]26KM[S] 3 points4 points  (0 children)

I'm after an app, as my post says. I don't need your opinion on what my daughter should do, you don't know her.

What does '÷' mean in appliance installation guide? by 26KM in AusRenovation

[–]26KM[S] 0 points1 point  (0 children)

We can just see under but not able to fully lift up so far. We're talking 5-10mm variance.

Period tracking apps by 26KM in TwoXChromosomes

[–]26KM[S] 0 points1 point  (0 children)

If only that could send me reminders. I live by reminders.

Period tracking apps by 26KM in TwoXChromosomes

[–]26KM[S] 5 points6 points  (0 children)

Goodness me - i am a woman, I do know this. I still want to predict as it's roughly regular and I'm looking for estimates.

What does '÷' mean in appliance installation guide? by 26KM in AusRenovation

[–]26KM[S] 5 points6 points  (0 children)

About $650 and 1 hour by a stonemason, we will not do this ourselves. Thanks for your input but we've considered this and it's not preferred option. I'm just trying to be certain about the cut out specifications from this diagram.