The Savings Budget sheet allows you to budget and track money in a similar fashion to ‘Envelope’ budgeting. It does not actually move any funds around, just allows you to see how much from each category has been spent in relation to what was budgeted. It allows you to carry over excess funds or deficits from one month to the next, and also allows you to move budgeted funds from one category to another. This all only happens within the Savings Budget sheet though, you won’t see the carryovers or adjustments in other reports or on the Categories sheet.
For something like property taxes, you have two options on how to budget for that. Lets say your property taxes are $1200 per year (an easy number to work with). You could budget $100 per month, in which case the funds will keep increasing each month until December (if that’s when you pay). You could also just budget $1200 for December, and $0 for the rest of the months. In my case, I divide mine into two payments, so I have a budgeted amount in January, and another in July, the rest of the months are $0. I set the budgeted amount to the actual payment total, so I won’t be seeing any carryover or deficit.
Other things could work the same way. I pay for trash pickup quarterly. Let’s say it’s $90 per quarter. I could set my budget to $90 in Jan, Apr, Jul & Oct, for a total of $360 per year. This would be clean, only showing budgeted amounts in the months that I need to pay them. I could also set my budget to $30 per month, every month, for a total of $360 per year. In this case, If I’m starting from $0, in January I’m going to be -$60 since I budgeted $30, but had to pay the $90 bill. February it will go to -$30, then $0 in March, then in April back to -$60.
There’s pros and cons to each method of tracking. I use both. I usually use different budgets for specific months when I have predictable payments (like the trash example that is quarterly), and spreading an average over each month when things in that category aren’t so predictable (eg. groceries). Hope this helps!