One of the nice things is you can do it as often or as rarely as you feel like. I'd recommend not going more than a week without catching up on transactions because it can start to get tedious if there are a lot.
Honestly I try to categorize on the spot but reconcile at minimum once a week but often more if I have a moment to catch up
- Mostly entering transactions (I’m using a iOS shortcut 80% of the time which also enters the transaction to Splitwise)
- Reconcile once a week (also via a shortcut on my phone to import the transactions)
- Budget the next month whenever paycheck arrives (beginning of the month)
I haven’t really done any big re-structurings of the entire budget, it’s mostly adjusting categories here and there whenever it makes sense. During the month I occasionally move some things around when I’ve overspent.
this post was submitted on 15 Aug 2023
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