Your first budget

The income label is the a label that should not be left for interpretation. Any sort of addition or return to your balance should be labeled as income. Whether that be a paycheck, a return, or a friend paying you back. This way you can quickly and easily see what is making your total balance grow.

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.

The secondary recurring label was added after the initial design of Budgiter to better accomodate recurring transactions that are not as important as others. These recurring transactions can include various subscription services that are not essential to your life or, better understood as, recurring expenses that would not be included in your “minimal cost of living.”

The individual transactions can be of any priority. They can be absolutely necessary to your health or a small charitable donation. Similarly to the income label an individual transaction should be left for interpretation. This is a transaction that would not occur without you knowingly making that single transaction once. Recurring transactions are transactions that occur on schedule; individual transactions are transactions that occur once or one at a time.