6 Budgeting Tips to Get the Most Out of the EEBA App

EEBA is now Goodbudget! You can find the most up-to-date information about using Goodbudget on our Help Center.

Angela Colley is a financial writer for Money Crashers Personal Finance, an online resource with tips for budgeting, saving for long-term goals, and planning for early retirement.

For years, I kept track of my financial budget on a piece of paper in my desk drawer. It was an okay system, but it didn’t allow me to track my financial goals. I just didn’t have the time to compare my spending with my budget each month.

Then I got a smartphone and discovered the Easy Envelope Budget Aid (EEBA) app. Now I stay on top of my finances, stay within budget, and always have enough money for what I need. It took me a while to work out a budgeting system using the EEBA app, but now I have great system, and you can too.

Here are some tips you can use to get the most out of the EEBA app:

1. Create Plenty of Envelopes
A well-organized tracking system makes it easier to make a budget, and to know exactly where your money goes. The EEBA app utilizes “Envelopes” as a method of creating budget categories. When I first started budgeting, I used one Envelope for my house, one for necessities, and one for extras. Now, I have 10 Envelopes to cover everything I buy through this Envelope Budgeting System.

The EEBA app helped me to understand that I need to spend less money on extras and dining out. You can quickly add Envelopes using the EEBA app to help you stay on budget. Use all of the Envelopes you think you might need when you start using the Easy Envelope Budget Aid, and don’t hesitate to add more as you need them.

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FAQ: How to Start In the Middle of the Month

Update

EEBA is now Goodbudget! Goodbudget has all the great features of EEBA (and more!) in a new and updated interface. Check out our updated article on this topic, and check out the Goodbudget Help Center for the most recent help content.

The best time to start a budget is now. Whether you’re just tracking your expenses, budgeting off your income, or using Accounts in EEBA to manage every dollar, you can get started with EEBA today. Read on to learn how.

I just want to track my expenses in EEBA.

Start by creating your Envelopes and then funding them on the Add Money / Receive Income page. You can fund your Envelopes to full, or fund them partially based on when you’re starting in the month. For example, if you’re starting half-way through the month you could fund your Envelopes to half their budgeted amount.

As you record transactions you’ll be able to track your expenses in EEBA. When the month ends, fund your Envelopes again to start the new month.

I want to budget off my income.

For budgets based off income, it’s best to start from your last paycheck.

  • Start by creating your Envelopes to represent your budget.
  • Then, head to the Add Money / Receive Income page and choose “Specify” to fund your Envelopes from your last paycheck.
  • Finally, record the transactions that have happened since your last paycheck, and continue to record transactions as the month goes on.

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FAQ: Track your Bills in EEBA

Update

EEBA is now Goodbudget! Goodbudget has all the great features of EEBA (and more!) in a new and updated interface. Check out our updated article on this topic, and check out the Goodbudget Help Center for the most recent help content.

Q: How can I track my bills in EEBA?

Between utility bills, insurance premiums, service charges, loan payments, and who knows what else, keeping track of “the bills” can be a headache.
Thankfully, EEBA can help!

Use Scheduled Expenses to Track Your Bills

Linkhttps://eebacanhelp.com/scheduled/edit-recurring.php

Available on the Plus and Premium plans with EEBA, Scheduled Expenses can help you track your bills through the month. Follow the link above to head to the Scheduled Expense page. There you can:

  • Create an expense to keep track of each of your bills.
  • For bills that vary in amount you can enter an estimate for now.
  • Set the expense to repeat whenever the bill comes due.
  • Finally, check the box to “Remind me by e-mail” so EEBA will remind you before the bill comes due.

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New Release of EEBA on Android and the Web

EEBA is now Goodbudget! You can find the most up-to-date information about using Goodbudget on our Help Center. We are proud to announce a new release for EEBA on Android and the Web! Get it now on Google Play, or learn more about what’s new below. Streamlined Budget Management, All in the Android App Create Envelopes … Read more

FAQ: Can I Save My Refill to Use Again Later?

Update

EEBA is now Goodbudget! Goodbudget has all the great features of EEBA (and more!) in a new and updated interface. Check out our updated article on this topic, and check out the Goodbudget Help Center for the most recent help content.

Q: Each paycheck, I use the “Specify” option to fund my Envelopes just the way I want. Can I save the details of this refill to use again later?

Yes! Whether you’re using the “Specify” option on the Add Money / Receive Income page, or you’re Distributing funds from your Unallocated Money, EEBA lets you choose how you want to fund each Envelope individually. You can then save your choices as a “Remembered Refill” to use again later. Here’s how:

  • Start by entering a funding transaction as you normally would.
  • When you’re done, check the box next to “Remember this refill.”
  • Then enter a name for the refill.

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FAQ: How Can I Set Goals in EEBA?

Update

EEBA is now Goodbudget! Goodbudget has all the great features of EEBA (and more!) in a new and updated interface. Check out our updated article on this topic, and check out the Goodbudget Help Center for the most recent help content.

Whether it’s your property taxes, a summer vacation, or your Holiday spending, we all have expenses that seem to creep up on us through the year.

Don’t be surprised by these predictable expenses! Instead, set a savings goal to budget for them throughout the year. You’ll save up for them bit by bit, and have peace of mind knowing you’ll be ready when the time comes to pay them.

Use Annual/Irregular Envelopes to Save for Big Expenses

Start by creating an Annual/Irregular Envelope in EEBA:

  • Head to the Edit Budgets page to create an Annual/Irregular Envelope.
  • Set the Envelope’s Budget to how much you’d like to save each year.

EEBA will break down your annual goal into regular monthly parts.

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FAQ: How Can I Keep an Account Off My Budget?

Update

EEBA is now Goodbudget! Goodbudget has all the great features of EEBA (and more!) in a new and updated interface. Check out our updated article on this topic, and check out the Goodbudget Help Center for the most recent help content.

Q: I have a Checking and a Savings Account in EEBA, but I only want to spend from my Checking. How can I keep funds from my Savings Account off my budget?

Accounts with EEBA (Available on the Plus and Premium Plans) lets you base your budget off your actual bank account balances. As you create your Accounts, EEBA will add funds to your Unallocated Money to match. This lets you budget with all the funds you have available.

Keep an Account “off” your budget

Say you have a Checking Account with $1500, and a Savings Account with $800. You see $2300 in your Unallocated Money, but you only want to budget with the $1500 from your Checking.

To do this in EEBA:

  • Go to the Edit Budgets page and create an Annual / Irregular Envelope called “Savings” with a budget of “0.”
  • Then, go to the Distribute from Unallocated page to distribute $800 to the Envelope.

That’s it! Now you’ll have just $1500 left to work with in your Budget.

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FAQ: Can My Envelopes Refill Automatically?

Update

EEBA is now Goodbudget! Goodbudget has all the great features of EEBA (and more!) in a new and updated interface. Check out our updated article on this topic, and check out the Goodbudget Help Center for the most recent help content.

Q: Can EEBA remember my income so I don’t have to enter it in every time?

Life can get complicated. Whether you have multiple incomes, an irregular income, or even just one income, managing it all can feel like a lot of work. Thankfully, EEBA can help!

Save Time with Scheduled Incomes

Link: https://eebacanhelp.com/scheduled/reset-amounts-scheduled.php

If you’re on our Plus or Premium plan you can save time by Scheduling your income in EEBA. Follow the link above to get started. After you log-in, it’ll take you to a page that looks like this:

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FAQ: How to Import CSV Files Into Goodbudget

Update

EEBA is now Goodbudget! Goodbudget has all the great features of EEBA (and more!) in a new and updated interface. Check out our updated article on this topic, and check out the Goodbudget Help Center for the most recent help content.

Q: How can I import my banking activity as a “CSV” file?
Q: I’m trying to import a “CSV” file into Goodbudget, but it’s not working properly, what’s wrong and how can I fix it? see below.

CSV Import (For Advanced Users)

We recommend users import their banking activity with Quicken (QFX) or MS Money (OFX) files. You can learn more about importing via these file formats here. However, if your bank does not offer QFX or OFX downloads, Goodbudget supports “CSV” formatted files as well.

  1. From the Transactions window on the home page, click on “Import Bank Transactions.”
  2. Click on “Choose File” and select the CSV file you want to upload.
  3. Then click on “Upload Transactions.”

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How To Talk About Budgeting

Anyone who’s tried, knows. Sitting down to talk about money can be stressful. Whether it’s a spouse, a child, a dependent parent, or even a roommate, our lives –and our money– are interwoven with those around us, and with that comes conflict. We enter conversations about money with the best of intentions, but often leave frustrated or even resentful.

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