Using EveryDollar to Budget for More Than 1 Monthly Paycheck

Many of us are paid more than once a month, sometimes on set days (such as the 1st and 15th), bi-weekly, or just have multiple income sources (i.e. his paycheck, her paycheck, disability, business income, VA benefits, etc.).

While I loved the ease and portability of EveryDollar as compared to my excel sheet, I’m a very visual person and I couldn’t wrap my head around what to pay out of each paycheck.

If you are like me and that is the only thing holding you back from using this app, let me show you how you can make EveryDollar work for you! Watch the video instead!

Everyone gets paid differently. Some people are paid monthly, some per contract, some bi-weekly, others on specific dates (hello military!), and most people have more than one income source (such as dual working families, disability, education benefits, etc.).

While EveryDollar is quite honestly one of the best personal budgeting apps on the market, if you are anything like me, it just wasn’t working for our family. We had previously been using a pretty extensive excel sheet that broke down our expenses by each income source so we knew exactly what had to be paid out of each check.

I found a video where the person would label the income sources as 1, 2, 3, etc. and then add a number next to the expense so you would know which check that expense came out of. I didn’t really find this method very effective and went back to my trusty excel budget.

But I kept thinking about how nice it would be to have the ease of the EveryDollar app and was finally recommended a video on YouTube (see credit below) showing how I could make EveryDollar do what I wanted it to.

Today I’m going to share what I learned, so if you are or were in the same boat as me, you can give the app another shot.

Setting It Up

This is what EveryDollar looks like when you first sign up.

EveryDollarSetup_Page_1

At the top you will see a section to add in all of your income sources and directly below that are the expense categories for your budget.

The first thing you will want to do is add in your income. Here is what it may look like when you are done:

EveryDollarIncome

Expense Categories

Now comes the change that makes all the difference. Currently below income are some expense categories (tithe, household, personal, transportation, etc.). You are going to click on the category label and rename with the income sources you used in the first step (i.e. His paycheck 1, His paycheck 2, VA Benefits, Her Paycheck 1, Her Paycheck 2, etc).

EveryDollarExpenseCategories

Adding Expenses

Now you will just add your expenses you have that come out of each check.

EveryDollarExpenses

On the righthand side, you will notice a little pie chart with the amount you have budgeted so far for each pay period. This gives a great visual to see how much you have left to budget or if you need to make adjustments.

everydollarpiechart

And that’s it! Easy peasy! I hope this helped you find EveryDollar useful for you and your family! If you have any questions or thoughts on this post, feel free to post a comment below!

Credit to Craig Darcy for his original YouTube video!

img_6400As someone who always made people ask, “How does she do it?”, I had to learn how to fit more into my day without completely losing my mind. Now I’m excited to share how I did that and what I’ve learned with everyone else. I just want to see people able to live the life they want, doing the things they want, without the stress they think is normal. I want everyone to experience Peace of Time.

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