When you deposit money from your income source, you simply allocate the appropriate dollar amounts to the budget category accounts, based on your spending plan or budgeting worksheet. It's easy to move money around your various spending categories or budget category accounts whenever you need to. When a bill comes due, you simply transfer money from the budget category account to your checking and then electronically pay the bill. It's easy and extremely fast once you set it up through your banking institution.
Budgeting Worksheet Tip : How to Handle Irregular Income or Expenses _ One of the most difficult parts of budgeting that people tell me they struggle with is how to budget for those irregular expenses such as real estate taxes or car insurance that are due twice a year. Another difficulty is for irregular income if someone is on commission or business_related income. Most of the worksheets do not handle these irregular income or expense situations very well, making the budget inaccurate and unreliable or rely on considerable self_adjustments by the user. A really good worksheet should have the ability to handle irregular incomes and expenses with ease. Our budgeting worksheet has a Paycheck Allocator that makes this process easy_to_do and painless.