Budgeting by the nature of spends and percents
Please add an ability of select the nature of expenses and percents for creating a budget. For example $1000 for Wants And 30% of the income for Wants. This would be useful when you follow certain budget plans like 50 30 20 budgeting or such of things. Thanks
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Oleksandr Lypchei commented
Also it would be useful in planned expense
I don't always know what will be my income, but always know that I have taxes = 5% of it -
Kamil Wójcik commented
You may do it by yourself.
- All categories can have one of 3 natures (or no nature).
- If you know how much you earn you should know how big will be your income.If you earn $1000 just create 3 budgets:
1. First one call "MUST", select all categories with nature 'must' and set budget to $500,
2. Second one call "NEED", select all categories with nature "need" and set budget to $300,
3. Third one call "WANT", select all categories with nature "want" and set budget to $200.But in my opinion organising budgets that way has no sense.
For me categories of nature:
- "must" are: taxes, bills, mortgage, insurance, etc
- "need" are: food, healthcare, cosmetics, transport and car, car and house service, clothes
- "want" are: gadgets, electronics, multimedia, sport, free time,...Tracking nature of spendings is helpful in reducing spendings. If I have a limited budget I will know I must pay bills, I need food, but I may resignate from games, books, electornics, etc.