How to handle withdrawing from a goal to pay a large bill?

cowboydude99

Hello,

I am wondering how best to handle a specific scenario.

I put money on the side for non-monthly bills, such as heating oil.

I have a monthly goal for $900 to pay for heating oil + other non-monthly bills.

In Jan and Feb I contributed $900 (total $1,800).

Today I was billed for $850 for heating oil.

My spending plan appears to be negative now because it subtracts the $850 bill. I tried to withdrawl the funds from the goal to pay that bill, but the spending plan is still negative.

How can I take the funds in the goal and use it to pay these bills without being negative?

I hope that makes sense!

DannyB

@cowboydude99

When you made the contributions to your savings goals for this expense you in essence have already accounted for the expense in your monthly spending plan. Because of this, you can mark the actual expense to be excluded from spending plan and, as you have already done, withdraw the funds from your Savings goal as a “Withdraw to spend on goal.”

You can think of this as the same reason credit card payments are excluded from the spending plan and reports in reverse.

cowboydude99

Thanks, @DannyB