Sinking Funds / Sub Envelopes
m
mathurimaya
I would love to group my sinking funds while still being in one envelope. I calculated how much I need for the year for all the funds (ex annual payments) and have one amount that will allow me to fulfill all of them, rather than have 10 individual envelopes. Would love a way to group or file them as sub envelopes to then track them individually as well!
S
Sasha
Hey mathurimaya, thanks for your feedback!
For annual payments, we currently recommend setting each one up as its own variable envelope. That way the app can suggest how much to add each budget and remind you when each bill is coming due, even if it’s only once a year.
That said, sub-envelopes or grouped envelopes is something we’ve talked about internally and would love to explore in the future.
When you picture this, would you want it only for savings envelopes, or for variable and fixed envelopes too? And how would you expect it to work day to day, would you budget into the “parent” envelope and then divide it up inside?
The more detail you can share, the better we can shape this when we plan it out. Thanks!