Budgeting works best when you plan before the month begins, but if you’re not sure how to move from one month to the next, you’re not alone. This guide will walk you through what to do as a month ends and how to create your next month’s budget in EveryDollar.
When Should I Create Next Month’s Budget?
You can create your next month’s budget at any time, even before the current month ends. Many people set it up during the last week of the month so they’re ready to go on Day 1.
What to Do With the Month That’s Ending
Before moving on, it’s a good idea to do a quick check of your current month:
Make sure all transactions for the month are imported and tracked
Assign any untracked transactions to the correct budget items
Confirm that your remaining amounts for your budget items make sense
Apply any extra margin towards whatever your current goal is or towards your current Baby Step.
If you’re using bank connections, some transactions may still be pending or delayed. That’s normal. For help understanding how transactions post and reconcile, check out this article:
Bank Reconciliation and EveryDollar
How to Create Next Month’s Budget (Web & Mobile)
Open EveryDollar
Navigate to the Budget screen
-
Use the month selector at the top to move to the next month
-
Click or tap the blue button to start planning for the new month
Your budget items, budget groups, and planned amounts will automatically copy over
Adjust amounts as needed based on upcoming expenses, income, or goals
That’s it, you’re ready for the new month!
What Carries Over Automatically?
Budget items
Budget groups
Planned amounts
Funds and Goals, along with their balances
Paycheck Planning (including dates)
You don’t need to rebuild your budget from scratch each month, just review and tweak!
What Does Not Carry Over?
Transactions
Remaining balances from regular budget items
Funds and Goals will keep their balances, but regular budget items reset to $0 spent at the start of each new month.
💡 Pro Tip: Budget Before the Month Starts
EveryDollar is a zero-based budgeting tool, which means you’re telling your money where to go before it’s spent. Creating your next month’s budget ahead of time helps you stay in control and avoid surprises.