How do I move money between budgets?

I need to move money between budgets (like moving money between"envelopes" in the old fashioned "envelope method" of budgeting). 

Heres one scenario: Lets say I set aside $100 a month for car maintenance and repair. Unexpectedly, I have a car repair that costs $1,500. As mint is set up now, assuming I have a rolling balance, the only solution would be not to spend a cent on car maintenance and repair for 15 months. But of course, thats unreasonable. So that money has to come out of other budgets. How does that happen? Do I split the transaction into every budget where I have some wiggle room until all my budgets are green? Obviously, that will really screw up my spending history. If I could simply move the extra money in other budgets to the repair budget (for that month only, or maybe just a couple of months) the problem would be solved.

Another scenario: I set aside $50/month for Christmas shopping. I also have a budget  of $200/month for dinning out. But, over the course of the year I go over budget for dinning out by a total of $200. So when It comes time to spend my Christmas money, mint says my budget is $600 (because I haven't spent any money in that category). So I do. But that money wasn't there - I had spent $200 of it on dinning out. So in January when I got to register my cars, I don't have the cash. I have to dip into savings (or maybe even credit) because I unknowingly spent $200 of my registration money on Christmas presents. If I could have just moved money from the Christmas budget to the dinning out budget on the months I went over, the whole problem would have been avoided.

This problem is maddening for me. I honestly don't know how to make Mint budgets work when there is an unexpected expense. I must be a dunce, or else everyone else that uses Mint budgets never has unexpected expenses or goes over budget.

Answer

5 people found this helpful

Just create 2 transactions, one debit transaction from the account you want to take money from (I have the other situation where we are below our budget and want to flatten out where we may be over). The second transaction is "Income" to the other budget. I just call the transaction "Equalizing credit from ..." and "Equalizing credit to ...". Works perfectly!


Kevin

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