I'm allocating a certain amount each month from my paycheck to go towards Savings by putting it in a Savings bucket. Now after a couple of months, if I want to transfer money from checking to savings, I do a transfer and pick the savings bucket for the checking account side of the transaction, which is what I think the Moneywell video tells you to do with transfers. However, this money now shows up as an expense for the month I moved it in, so for last month (when I moved the money), it now looks like I spent more than I made, which actually is not true. Am I doing this the right way, and is this just a by product of double entry accounting so to speak? Or should the Savings bucket be set up as an Income bucket and not an Expense bucket? Having a hard time "reconciling" this in my head!!
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