Monthly Cash Envelopes

Iwant More
Iwant More Member ✭✭
edited February 9 in Getting Started

Hello! I have been working towards using more cash and relying less on my debt card. Every month I withdraw a specific amount of money for my monthly expenses. I entered the the transaction as "Monthly Cash Envelopes" and split the transaction. But it shows the total amount of the transaction, not the individual amounts I split into categories. Does anyone have any advice as to hoe to account for this?

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  • N4KHQ
    N4KHQ Member ✭✭✭✭

    You might could set up a manual account for monthly cash and just transfer.

  • UrsulaA
    UrsulaA Superuser ✭✭✭✭
    edited January 8

    Agree with @N4KHQ . Cleaner to keep categories and transactions with notes, tags, etc. I have a manual cash account that I use to track expenses from my ATM withdrawals.

    Simplifi User Since Nov 2023

    Minter 2014-2023

    Questionable Excel before 2014 to present

  • DannyB
    DannyB Superuser ✭✭✭✭✭

    @N4KHQ

    Here is a post that might interest you regarding “cash envelopes.”

    https://community.simplifimoney.com/discussion/4914/cash-envelopes-simplifi

    Danny
    Simplifi user since 01/22
    ”Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer
  • Iwant More
    Iwant More Member ✭✭

    @N4KHQ Thank you for sharing the article.

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