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How do I create a budget?

  • Updated

Available for:

  • Android
  • iOS

*Budgets are not available on the Web version yet. 

Budgets:

 

Android:

  1. Go to the Main Menu and click on Budgets
    budget1.jpeg
  2. Click on  '+' in the bottom right-hand corner to add a new Budget
  3. Name your Budget and enter your Budget's details here. When you choose a Category and Label to be included in your Budget, every Record with that Category and Label will be reflected in your Budget. Keep this in mind when categorising and labelling your Records. For example, if you create a Budget for the cinema, you could rename a Subcategory 'Cinema' to use for this Budget (Main Menu > Settings > Categories)
    Note: currently you can only create a Budget in your base currency
  4. At the bottom of the Budget details screen, you can choose to be notified if you've overspent your budget, or if you risk overspending 

Delete or Edit your Budget at any time.


iOS:

  1. On your dashboard select "Planning" > "Budgets" > tap on (+) plus button
  2. Name your Budget and the period. Enter your Budget's details here.
    - When you choose a Category and Label to be included in your Budget, every Record with that Category and Label will be reflected in your Budget. Keep this in mind when categorising and labelling your Records.
    For example, if you create a Budget for the cinema, you could rename a Subcategory 'Cinema' to use for this Budget (Main Menu > Settings > Categories)
    Note: currently you can only create a Budget in your base currency
  3. At the bottom of the Budget details screen, you can choose to be notified for "budget overspend" and "75% of budget exceeded"

 

Tip for Android users only: You can choose to display Wallet's Budgets and other data beginning on any day of the month you choose. Go into the Main Menu > Settings > Advanced Settings > Initial day of the month to change this setting. 
iOS device doesn't have this function yet. 

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