Money: How to Use the Budget Planner to Track Fixed and Unfixed Expenses (812753)

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In Money, there are two types of budgeted items. Type A is an expense that has an unfixed date, unfixed amount, unfixed payee, and unfixed frequency. For example, your entertainment allotment is a Type A expense.

Type B is a recurring bill. This type of expense is included in the Budget Planner on the due date each month. This is a budgeted expense that has a fixed payee, fixed date, and fixed frequency -- for example, a car payment.

Create an Unfixed Expense

To create an unfixed expense (type A), follow these steps:

1. On the Planner menu, click Budget Planner.
2. On the Review your current budget status page, click Expenses to review expenses.
3. Click the category that you want to edit, and then click Edit.
4. In the Edit dialog box, click Custom, type the correct amounts for each month, and then click OK.

Create a Fixed Expense

To create a fixed, recurring expense (type B), follow these steps:

1. On the Accounts & Bills menu, click Bills & Deposits.
2. Click New, and then click Bill.
3. Type the information to create a recurring bill, and then click OK.
4. In the list of Managed scheduled bills and deposits, click the bill that you just created, and then click Enter into Register.
5. In the Record Payment dialog box, click Record Payment.