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How to Set up a Fixed Envelope Payment Schedule
To create a payment schedule for a fixed envelope from the 'add envelope' screen, follow these steps:
choose the envelope method
select 'fixed' as the envelope method
enter the expense amount
input the total amount you plan to allocate for this fixed expense
set a payment schedule
Tap 'set schedule' to customize the payment schedule:
- select the date you plan to pay this expense next
- choose additional future payment dates to make the schedule more accurate
- pick a suggested payment frequency from the options displayed after selecting your next payment date(s) on the calendar
Make sure to schedule your fixed expenses based on their actual payment dates. For example, if an expense is due on the 5th but you typically pay it on the 4th, schedule it for the 4th. This ensures you receive timely reminders and accurate budget suggestions from the app.