If you want to move money out of one budget line item and add it to a different one, there are a couple of options for doing so.
Option 1: Change the Planned Amounts
Simply changing the planned amounts for your budget items can result in the appearance of transferring money in the budget. This is a fairly easy option that works on the website and EveryDollar mobile app.
For example, if $100 should go towards the Emergency Fund and is being pulled from the Groceries budget item, changing the planned amounts for both of those budget items will mimic a transfer between accounts.
Option 2: Transfer Feature
The transfer feature is only available on the computer version of EveryDollar at everydollar.com. This is the little gray circle with two blue arrows that is next to the "Remaining" amount for your budget item.
The transfer feature allows you to move a certain amount of funds from one budget item and assign that to a different budget item.
For example, if $100 should move out of the Groceries budget item and put into the Emergency Fund, the transfer feature can help
1. Click on your Planned amount for the budget item you are transferring funds FROM.
2. Click on the blue arrows (transfer feature).
3. When you click on the two blue arrows, a window will pop up where I can enter how much I am moving and the budget item I am moving that amount to.
4. Enter the amount you want to move, and where you are moving those funds TO.
5. Click Enter.
💡 Pro Tip: Transferring funds from one budget item to another budget item using the transfer feature will not change your planned amounts. It will change what is remaining to spend from those budget items.
In our example, after I transfer $100 FROM my Grocery budget item TO my Emergency Fund, the remaining amounts will reflect this change.
Using the transfer feature will impact the Summary Page for your spending category. We are working on improving how transferring between budget items is reflected in the Summary Page for future updates.
For now, when you use the transfer feature, like in our example, you will see that $100 was spent from a budget item.