EveryDollar Features to Help You With Math
Some of you reading this are number wizards—just seeing the word calculation thrills you. Some are in the middle. And for some of you, well . . . math brings back terrifying memories of test questions asking whether a square is also a rhombus, or the other way around.
No matter your love, neutrality or hate of arithmetic, you probably wouldn’t mind if your budgeting tool made some of the math simpler and more automatic, right? You’re busy balancing life and busting down money goals. Let us do the heavy math-lifting.
Using EveryDollar gives you a streamlined budgeting process. This includes features that help with math, like the three we want to shout out here.
1. Auto Addition and Subtraction.
Unlike the pencil-and-paper method of budgeting, EveryDollar does the math for you every time you track a transaction. The budget line will automatically decrease when you track an expense and increase when you track income. So when you track the $15 bill from Pete Za’s Pizza Pub into your Restaurant line, the remaining amount drops $15.
This way, you can immediately see where any budget line stands. You’ll know if you need to tighten spending or if you’ve still got plenty of room to breathe. Thanks for all you do, calculator, but we won’t be needing you for this one.
2. Order Debt From Smallest to Largest.
Hey EveryDollar Plus users, this one’s for you! If you’re trying to slaughter your debt monster, you need to pay your debts from smallest balance to largest. That’s called the debt snowball method because, like a small, packed ball of snow traveling down the hill, you’ll gain momentum with every victory. That momentum becomes the encouragement to keep going until the monster is obliterated forever and always.
When you’re typing in your debts to EveryDollar, you don’t have to worry about getting them in order. Just get them in there. As soon as you’re done, you’ll see the option to “Sort smallest to largest.” Click that, and everything will move into place for you.
3. Add a Split.
When you’re tracking the shopping receipt from the supercenter that sells everything imaginable, you’ll love this feature. There’s one receipt—and therefore just one transaction. But you need to put the avocados in your Groceries line, the avocado face mask in your Household line, and the “You’ve Guac to Be Kidding Me” graphic tee in your Personal line.
What’s a budgeter to do?
Add a split!
For example, if you were using that avocado-filled example above, you would:
Click on the transaction so it opens up.
Select “Add a split” and checkmark your Groceries line.
Scroll and checkmark your Household and Personal line.
Type the amounts into each line and tap “Save.”
Do a happy dance because your app did the math of putting each of those amounts in the correct line without you busting a subtraction-induced sweat!
You work hard every day. You deserve a budgeting tool that makes your life easier. That’s our goal with these math features—and with everything we do at EveryDollar.
If you want to make it all even easier, upgrade to EveryDollar Plus. It links up to your bank account to stream in all transactions. You can track your spending by simply dragging and dropping.
Also, you’ll get a membership to financialpeace.com, which is jam-packed with money-management videos and trackers like the Debt Snowball Tool. This feature propels you through your debt-crushing and makes keeping up with your payoff progress as easy as 1, 2, 3.
You can make showing your money who’s in charge even easier with EveryDollar Plus.