how do I enter annual budget items?

'new to Money04. I pay my own real estate taxes, so there
are 3 once-a-year bills for local, county and school taxes.
I entered them as recurring yearly bills, but they don't
show up on my monthly budget :-( Right now it shows the
money I know I need for that as being disposable income!
Isn't the point of budgeting so that we'll have that money
when our taxes come due? I hope so, and I hope one of you
kind people will know how to fix this.

Thanks, George

SusanK
Tue Mar 02 17:09:29 CST 2004

The same thing happened to me. The only thing I noticed
was that when I edited my budget to add another 100.00
cause taxes are due in 4 months not in 6 for this first
time (I entered them as being due twice a year)I saw money
had entered a 200.00 budget for the recurring bill; but it
doesn't show up on any report nor is there any reminder to
put that money aside till the date the bill shows due.

Maybe our definition of budget is different.....seems like
money is more of expense tracking than budget.


>-----Original Message-----
>'new to Money04. I pay my own real estate taxes, so there
>are 3 once-a-year bills for local, county and school
taxes.
> I entered them as recurring yearly bills, but they don't
>show up on my monthly budget :-( Right now it shows the
>money I know I need for that as being disposable income!
>Isn't the point of budgeting so that we'll have that money
>when our taxes come due? I hope so, and I hope one of you
>kind people will know how to fix this.
>
>Thanks, George
>.
>

Tommy
Tue Mar 02 20:17:55 CST 2004

The entire amount will be in your budget for the month in which the bill
is due. It makes no sense to budget money each month for an expense you
only have once a year. This causes your reports to be wacky too. Let's
say your property tax is paid in December for $1200. If Money budgeted
you $100 a month, then you miraculously come in $100 below budget 11
months of the year and $1100 over budget the other month. Money does
consider the $100/month figure when determining if your budget balances,
though.

George wrote:

> 'new to Money04. I pay my own real estate taxes, so there
> are 3 once-a-year bills for local, county and school taxes.
> I entered them as recurring yearly bills, but they don't
> show up on my monthly budget :-( Right now it shows the
> money I know I need for that as being disposable income!
> Isn't the point of budgeting so that we'll have that money
> when our taxes come due? I hope so, and I hope one of you
> kind people will know how to fix this.
>
> Thanks, George

Chad
Wed Mar 03 05:58:40 CST 2004

Now I just did a quick experiment with my budget. I added
in a real estate tax for $700 per year. When I added the
item I specified that it is on a yearly basis. Now when I
went back to view my current budget with that entered, it
showed $58.33 allocated for this month to pay for the taxes
whenever they might be due. I take it that it didn't do
this for anybody else?


>-----Original Message-----
>The entire amount will be in your budget for the month in
which the bill
>is due. It makes no sense to budget money each month for
an expense you
>only have once a year. This causes your reports to be
wacky too. Let's
>say your property tax is paid in December for $1200. If
Money budgeted
>you $100 a month, then you miraculously come in $100 below
budget 11
>months of the year and $1100 over budget the other month.
Money does
>consider the $100/month figure when determining if your
budget balances,
>though.
>
>George wrote:
>
>> 'new to Money04. I pay my own real estate taxes, so there
>> are 3 once-a-year bills for local, county and school taxes.
>> I entered them as recurring yearly bills, but they don't
>> show up on my monthly budget :-( Right now it shows the
>> money I know I need for that as being disposable income!
>> Isn't the point of budgeting so that we'll have that money
>> when our taxes come due? I hope so, and I hope one of you
>> kind people will know how to fix this.
>>
>> Thanks, George
>.
>

anonymous
Wed Mar 03 09:06:14 CST 2004

Nope it sure didn't!!!

Can you go into detail how you entered it? Step by step-
maybe I'm doing a procedure wrong?

Thanks
>-----Original Message-----
>Now I just did a quick experiment with my budget. I added
>in a real estate tax for $700 per year. When I added the
>item I specified that it is on a yearly basis. Now when I
>went back to view my current budget with that entered, it
>showed $58.33 allocated for this month to pay for the
taxes
>whenever they might be due. I take it that it didn't do
>this for anybody else?
>
>
>>-----Original Message-----
>>The entire amount will be in your budget for the month in
>which the bill
>>is due. It makes no sense to budget money each month for
>an expense you
>>only have once a year. This causes your reports to be
>wacky too. Let's
>>say your property tax is paid in December for $1200. If
>Money budgeted
>>you $100 a month, then you miraculously come in $100
below
>budget 11
>>months of the year and $1100 over budget the other month.
> Money does
>>consider the $100/month figure when determining if your
>budget balances,
>>though.
>>
>>George wrote:
>>
>>> 'new to Money04. I pay my own real estate taxes, so
there
>>> are 3 once-a-year bills for local, county and school
taxes.
>>> I entered them as recurring yearly bills, but they
don't
>>> show up on my monthly budget :-( Right now it shows
the
>>> money I know I need for that as being disposable
income!
>>> Isn't the point of budgeting so that we'll have that
money
>>> when our taxes come due? I hope so, and I hope one of
you
>>> kind people will know how to fix this.
>>>
>>> Thanks, George
>>.
>>
>.
>

Tommy
Wed Mar 03 15:50:09 CST 2004

If you just specify $700 a year in the budget, it will assume, the
$58.33/month, since you didn't specify when it was. But if you have a
yearly scheduled bill set up, it will budget 100% of the amount for the
month in which you say the bill is due.

Chad wrote:
> Now I just did a quick experiment with my budget. I added
> in a real estate tax for $700 per year. When I added the
> item I specified that it is on a yearly basis. Now when I
> went back to view my current budget with that entered, it
> showed $58.33 allocated for this month to pay for the taxes
> whenever they might be due. I take it that it didn't do
> this for anybody else?
>
>
>
>>-----Original Message-----
>>The entire amount will be in your budget for the month in
>
> which the bill
>
>>is due. It makes no sense to budget money each month for
>
> an expense you
>
>>only have once a year. This causes your reports to be
>
> wacky too. Let's
>
>>say your property tax is paid in December for $1200. If
>
> Money budgeted
>
>>you $100 a month, then you miraculously come in $100 below
>
> budget 11
>
>>months of the year and $1100 over budget the other month.
>
> Money does
>
>>consider the $100/month figure when determining if your
>
> budget balances,
>
>>though.
>>
>>George wrote:
>>
>>
>>>'new to Money04. I pay my own real estate taxes, so there
>>>are 3 once-a-year bills for local, county and school taxes.
>>> I entered them as recurring yearly bills, but they don't
>>>show up on my monthly budget :-( Right now it shows the
>>>money I know I need for that as being disposable income!
>>>Isn't the point of budgeting so that we'll have that money
>>>when our taxes come due? I hope so, and I hope one of you
>>>kind people will know how to fix this.
>>>
>>>Thanks, George
>>
>>.
>>

George
Thu Mar 04 07:37:16 CST 2004

Thanks all for your thoughts and help....

I am able to add this as a budget item, just that I'm
frustrated because it was already entered as a bill and
didn't transfer. I thought this was an integrated package!


>-----Original Message-----
>The same thing happened to me. The only thing I noticed
>was that when I edited my budget to add another 100.00
>cause taxes are due in 4 months not in 6 for this first
>time (I entered them as being due twice a year)I saw money
>had entered a 200.00 budget for the recurring bill; but it
>doesn't show up on any report nor is there any reminder to
>put that money aside till the date the bill shows due.
>
>Maybe our definition of budget is different.....seems like
>money is more of expense tracking than budget.
>
>
>>-----Original Message-----
>>'new to Money04. I pay my own real estate taxes, so there
>>are 3 once-a-year bills for local, county and school
>taxes.
>> I entered them as recurring yearly bills, but they don't
>>show up on my monthly budget :-( Right now it shows the
>>money I know I need for that as being disposable income!
>>Isn't the point of budgeting so that we'll have that money
>>when our taxes come due? I hope so, and I hope one of you
>>kind people will know how to fix this.
>>
>>Thanks, George
>>.
>>
>.
>

George
Thu Mar 04 21:23:54 CST 2004

Tommy,

Either I'm missing something or it doesn't work the way you
say it does.. its true that when I enter a yearly budget
item it shows up as a monthly amount.. but when, instead, I
enter an annual bill in the "Bills & Deposits" module,
nothing shows up in the "Budget" module. I believe these
things should be 1:1....

George

>-----Original Message-----
>If you just specify $700 a year in the budget, it will
assume, the
>$58.33/month, since you didn't specify when it was. But
if you have a
>yearly scheduled bill set up, it will budget 100% of the
amount for the
>month in which you say the bill is due.
>
>Chad wrote:
>> Now I just did a quick experiment with my budget. I added
>> in a real estate tax for $700 per year. When I added the
>> item I specified that it is on a yearly basis. Now when I
>> went back to view my current budget with that entered, it
>> showed $58.33 allocated for this month to pay for the taxes
>> whenever they might be due. I take it that it didn't do
>> this for anybody else?
>>
>>
>>
>>>-----Original Message-----
>>>The entire amount will be in your budget for the month in
>>
>> which the bill
>>
>>>is due. It makes no sense to budget money each month for
>>
>> an expense you
>>
>>>only have once a year. This causes your reports to be
>>
>> wacky too. Let's
>>
>>>say your property tax is paid in December for $1200. If
>>
>> Money budgeted
>>
>>>you $100 a month, then you miraculously come in $100 below
>>
>> budget 11
>>
>>>months of the year and $1100 over budget the other month.
>>
>> Money does
>>
>>>consider the $100/month figure when determining if your
>>
>> budget balances,
>>
>>>though.
>>>
>>>George wrote:
>>>
>>>
>>>>'new to Money04. I pay my own real estate taxes, so there
>>>>are 3 once-a-year bills for local, county and school taxes.
>>>> I entered them as recurring yearly bills, but they don't
>>>>show up on my monthly budget :-( Right now it shows the
>>>>money I know I need for that as being disposable income!
>>>>Isn't the point of budgeting so that we'll have that money
>>>>when our taxes come due? I hope so, and I hope one of you
>>>>kind people will know how to fix this.
>>>>
>>>>Thanks, George
>>>
>>>.
>>>
>.
>