Annual bonus budget?

How do you budget for annual bonuses if a large percentage of income comes from annual bonuses?  I am separating out annual expenses by using the "when will this happen" selector.  This deducts an amount from my monthly budget.  But, I can't add annual bonus budgets monthly, therefore my budget looks extremely busted.

Answer

Hi Julie,

There isn't really an ideal or automated way to handle this type of situation, but if a large portion of your income comes from an annual bonus that you're not able to track throughout the year, since obviously it only happens once a year if it is annual, you may have to do something like add a portion of that transaction manually each month using the Add a Transaction button, then categorize it appropriately. Then when the bonus actually happens, just mark the transaction as a duplicate as you would have already accounted for that bonus through your monthly updates.

Let us know if you need any further assistance.

Thanks,
Mint Mike

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