You need a budget quicken5/16/2023 ![]() ![]() You will want to go through all of the spending categories. If you choose to Manually select transaction categories, that means that you will need to choose all of your budget categories as well as the amounts to budget for each category. This is why it is important to always assign categories to your transactions. If you have never used a category, Quicken will not add it to your budget. Quicken selects your budget categories based on the categories you have previously assigned to transactions. If you are trying to reduce your spending, then you’ll want to look for categories where you can lower the amount allocated. When Quicken generates a budget, it is based on your actual spending. You can increase or decrease amounts, and you can add or remove categories. Once Quicken has generated the budget, your can adjust the budget. This is much faster than choosing each category and amount manually. Quicken will choose your categories and your spending amounts. If you Let Quicken select my transaction categories, Quicken analyzes your current spending and income, then generates a budget. Most people find it best to let Quicken do the initial budget creation and then adjust the budget after the initial categories and amounts have been added. ![]() When you create a budget in Quicken, you can decide how much you want Quicken to assist you in selecting categories and amounts. For example, you might budget separately for business accounts, or if you maintain an account for someone else such as a relative. While most people only need one budget, a second budget can be useful if you are tracking accounts for different purposes. You need to choose a budget name because Quicken has the ability to maintain multiple budgets. You will be prompted to name your budget. You can then follow the steps below to create your budget. You can also create a new budget under the Budget tab by selecting Budget Actions > Create new budget. If you’ve never created a budget in Quicken before, there will be a handy Get Started button you can select to create your first budget. ![]() You will find Quicken’s budget features under the Planning tab. Cash flow is the measurement of how much money is going into and out of your accounts. ![]()
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