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Working with income

Income screen

In order to pay your expenses, pay down your debts, and so on, you need to have money coming in. That's your income, which you fill out here.

Please note that any income you anticipate, you should fill in here. If your buddy owes you $500 and is going to pay you next month, then add it in! If you always get $50 from your grandmother on your birthday, add it in! If it's money coming in, you should add it in. If you don't, then Debtinator won't be able to use it when generating scenarios for you, which could cost you money in the long run.

Please note that an expense is considered something that's fixed, or at least reasonably fixed. Your rent doesn't vary from month to month, your cable bill doesn't change, your cell phone bill is probably constant. Some of the money you spend goes to unfixed things, like food or gas or movie rentals. Setting up a fixed expense for those items isn't quite accurate, since it's not like you write a check for $20 to the video store each month for your rentals. Instead, you should segment your account with virtual budgets to set aside money to fund these activities. See Setting up budgets for more info.

To work with income:

  1. Click on the income button in the toolbar.
  2. Click the '+' button in the lower left, or select an income event and hit the '-' to delete it.
  3. Fill in the income information.