I'm trying to setup a budget, I supplied an income amount
(from my recurring transactions) of $X, twice per month.

Instead of the monthly budgeted income being 2 x $X, its
almost 5x as much. Moreover each month is different. Next
month for example it estimates it only being around 3.5x
as much. I thought maybe it was carrying over money from
previous months, which is possible. Is it possible to get
Money to ignore previous months?

I tried going back in and telling it I would spend all
excess money at the end of the month, but it doesn't help.