Savings Budget - What's the purpose?

[cculber2]

@justin

Preserving leftovers and shortfalls month-to-month seems like intense tracking. Are many people using that level of detail?

I’m currently making heavy use of that detail to track savings goals as well as recurring non-monthly expenses (annual, biannual, quarterly, bi-monthly) that I set aside budget dollars for each month. It takes some initial setup to determine the proper monthly budget, but it’s not a lot of work and becomes largely self-maintaining once the budgets are set. The new Savings & Debt sheet helps automate a lot of those calculations so you know exactly how much you need to budget each month to reach your goal or payoff amount by the deadline. Using that workflow helps plan for and prevent large “surprise” expenses.