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Transferring money between budgets or envelopes allows you to re-allocate funds from an over-performing budget to an underperforming one, covering the deficit. This is useful, for example, if it's end of the month and your Entertainment budget still has some money left. Instead of looking for a way to quickly spend that money, you could re-allocate it to your Emergency Fund for example.
To create a budget transfer, tap on the + button at the bottom of the budget screen (while viewing a budget you want to make the transfer from). In the window that opens, tap on the Budget Transfer on top:
- From and To Budget: if needed, you can change where the transfer will draw from and where it'll arrive.
- Transfer amount: how much money to transfer from one budget to another.
- Description: the text to go with the transfer.
- Date and time: the date and time of the transaction.
Once you save the changes, the source budget will see its budget allowance drained by the specified amount and the target budget will be replenished by the same amount.