Most personal budgeting advice seems to be close but not exact.
Budgeting tends to be monthly. Transactions are often bi-weekly, every 30 days, every three months. If paid bi-weekly, some months have three pay days. Income and expenses occur throughout the month.
A credit-card purchase is money spent today but paid a month later (assuming paid in full).
I want an exact to-the-day, to-the-penny budget and forecast.
Rather than throwing an extra $50 toward a loan repayment, how much extra can I afford to pay (to the penny)?
The budget would have these requirements:
- Daily to-the-penny projected balance of each account
- Pay bills and debts never letting my bank balance drop below $750
- Make extra payments with all available money
- How much money to-the-penny can I afford to spend today?
What software do you recommend to achieve this? Most software I've tried falls short in one of these areas (especially locking budgets into monthly only).