The primary recurring label is where you can determine what recurring expenses you prioritize. Many of the budgets provided by Budgiter will have two general criteria for primary recurring transactions, those being: shelter and credit. When considering priority of transactions Budgiter considers those that promote success as the highest priority. Credit based transactions, those being payments that get reported to credit bureaus, should be the highest priority.
Adding transactions
More information on adding transactions to your budget
Adding transactions
Adding a transaction, or multiple repeated transactions, is simple but the component is rich with features that can make it look more complicated.
Minimum requirements to add a transaction
Only two fields are required to add a transaction: a title and amount. All of the other fields have default values. For example, adding a transaction titled “Dinner” with an amount of “13.07” will automatically select the “Individual transaction” label, repeat once (meaning it will not repeat more than once), and default to the date shown on the component.
Fully customize transactions
The component to add a transaction has 6 different values you can customize for a transaction to make your budget yours. Those are:
Understanding labels
Transactions can be categorized into four labels. Income, primary recurring, secondary recurring, and individual transctions. Ultimately, you are going to determine where each purchase or spend goes.
Here are some ways to understand how to use these labels:
Understanding repeating transactions
A budget is best when it is prolonged and creates a longterm view of your cash flow. The option to repeat transactions was added to make it easier to create a longterm budget. Repeating budgets are best for income or expenses that do not change. However, can still be useful for income/expenses that are similar. That is why the Amount section has a checkbox to add a random amount to the budget. To add a bit of variety to a dynamic income or expense.
All repeating options will currently repeat for a full year.