Transferring Between Budget Items

The need to transfer money between Budget Items can happen pretty often, and why not? After all, those numbers are attached to this thing called "life", and life is unpredictable. You may need to replace a flat tire, or an expense for your kid's school pops up, or grocery prices may rise.

If you want to move money from one Budget Item to another, there are a couple of options for doing so. 

Option 1: Change the Planned Amounts

The easiest way to move money is to change the Planned amounts of the Budget Items. An example is reducing your Planned restaurant spending by $100 and increasing your Planned clothing budget by the same amount. You can do this on either the website or app.  

Option 2: Transfer feature

The Transfer feature is only available on the EveryDollar.com website. This is the little gray circle with two blue arrows that appears next to the "Remaining" amount when you click a Budget Item.

The Transfer feature allows you to move a certain amount of money from one Budget Item and assign that to a different item. Here's how it works.

1. Click on your Planned amount for the Budget Item you are transferring funds FROM. 
2. Click on the blue arrows to the right. 

      3. When you click on the two blue arrows, a window will pop up where you can enter how much you're moving, and the Budget Item to which you're moving the money. 

      4. Enter the amount you want to move, and where you are moving those funds TO.
      5. Click Transfer.

Using the Transfer feature will impact the Summary Page for your Spending category. It will list the amount you moved as spent from a Budget Item.

Next Steps

When you have money left over in the budget, that's where the fun begins! Check out some of the ways to put it to use for you!