General – Non-essential purchases that are deducted from your Spendable throughout the month.
Transfer – Transfers from account-to-account that don’t actually decrease your overall balances. Transactions marked as Transfers will not decrease your Spendable for the month.
TIP: Credit card payments should be tagged as transfers not as recurring expenses (since the individual credit card purchases will already have been counted once either as General or Recurring Expenses: read more).
Recurring Expense – Recurring expenses that you know you will have to pay each month. Transactions marked as Recurring Expenses will not decrease your Spendable for the month.
TIP: Setup your recurring expenses first, so that you can take the total amount of your recurring expenses into consideration when setting your Spendable for the month.
Don’t Count – Purchases that you don’t want to be deducted from your Spendable for the month.
A good example would be an unexpected car repair that you pay for with money saved in a rainy day savings account. Mark it as Don’t Count so that it doesn’t throw off your Spendable for the month.
Income – Recurring income events like your paycheck. Income events will not affect your Spendable for the month.
Credit – One-time income events like a credit for returning an item to a store. Credits will not affect your Spendable for the month.