How do the Monthly and Yearly periods work together to form the integrated BudgetMagic system?
Once you establish your budget for Yearly expenses, these costs will be provided for in your Monthly budget, by a Monthly expense category called Deposit to Yearly. This is automatically calculated for you by the system. This is a way to set aside money each month, in order to make sure you have money available for your Yearly expenses when they come along. In this way, the Monthly and Yearly budgets work together as one system. The balancing of the budget occurs in the Monthly Budget Worksheet. Here you work to balance your Monthly Income to your Monthly expenses. Since one of those expenses is the Deposit to Yearly, a balanced Monthly budget means that your entire budget is in balance.
