Calculating error when creating an "Every Few Months" budget item.

I'm trying to create budget items that are paid every few months, however during set-up it's incorrectly calculating the monthly amount.

For example (see screenshot) I'm trying to create a budget for our car insurance for $402 every 6 months. The monthly amount should be $67 but Mint is insisting that it should be $134/mth.; it's basically doubling the monthly amount.

This happens with almost all of the "Every Few Months" budget items.

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Answer

Hello clairesiconolfi,

I'm sorry that you're having trouble setting up an Every Few Months budget in Mint, I understand your confusion.  The reason you're seeing an amount that you're not expecting here is a matter of timing:  If you're setting up the budget in your example now, it's going to show you the amount you need to save each month from now until the next payment.  So since you're setting up a 6 month cycle but are only 3 months away from the next payment, it's breaking up the amount needed into 3 payments.  However if you keep the budget going, then the cycle after the next payment will show the smaller amount that you're expecting each month, since there will be the full timeframe to start with.  I hope that helps!

Regards,
Jesse :man:

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