Generally, there are two common ways to set up your budget subcategories when it comes to bills.
- Name them as general buckets like
Housing, where each one can encompass several transactions.
Subscriptionsfor example would include Netflix, Hulu, and Amazon Prime.:
- Give each subcategory a specific name (per bill or expense), like
Amazon Primeto continue the example above.
Of course, you can use a combination of this without any problems, but if you do like to break out each bill into its own category, providing a due date will help you see what will need to be covered soon. This will make it simpler to prioritize your budget if there is an upcoming bill that you need to cover instead of an expense a few weeks down the road.
Adding a Due Date
To add a due date to your subcategory, hover over the row you want to edit, and click inside the cell underneath the
Due Date column. Choose your date, and press
ENTER or click away to save.
Aside from giving you a visual aid for determining when bills come out, any subcategory that has a due date will also allow you to set alerts for upcoming categories that haven't been funded yet (coming soon).