2. Bills & Recurring Payments
With your accounts set up, it's time to build the backbone of your budget: your predictable, recurring transactions. This includes your regular income and fixed expenses.
Add Your Income
Create a new transaction for your primary income source (e.g., your salary).
- Description:
Salary - Amount:
+3000(as income) - Date: Your typical payday
- Set it to repeat: Click the recurring option and set the schedule (e.g., "Repeats every month").
Add Your Major Bills
Now do the same for your big, fixed expenses.
- Rent/Mortgage: A recurring monthly expense.
- Utilities: If it's a fixed amount, make it recurring. If it varies, you can add it manually each month or use an average amount.
- Subscriptions: Netflix, Spotify, software, etc. Add each as a monthly or yearly recurring expense.
- Loan or Credit Card Payments: Add any fixed debt payments.
🎉
Your calendar should now show the basic skeleton of your monthly cash flow! You can already see the financial impact of your major bills and when your balance recovers after your payday.
In the next section, we'll look at planning for special, one-time occasions.