Set Budget Goals
- Why should I have a budget?
- What can I do on this page?
- How can I receive budget status reports and alerts?
- How do I configure a budget status report?
- What are uncategorised transactions and how do I categorise them?
Setting a budget helps you track your spending patterns and know where your money is being spent.
You can set budget goals to meet your personal goals. As time progresses, you can re-evaluate and adjust your individual budgets based on your awareness of your financial activities and spending habits.
You can view your spending by category for the current month and an average over the past six months. After reviewing your spending, you can set budget goals and enable alerts. Budget goals can be set for individual categories and/or for total income or expenses.
This page also displays your total spending against your total income. You can receive alerts when you approach an established budget threshold for a specific category and receive weekly or monthly budget status reports.
You can choose to receive budget status reports on weekly and/or monthly basis. Budget status reports contain the amount you have spent in each category compared to your budget target for all "included" categories.
You can also choose to be notified when the total amount spent/earned in any category comes within a particular percentage or threshold of your desired budget goal.
To configure a budget status report:
- Enter the monthly budget goal amount for each category.
- Check the "Include in Budget Status Report" box if this category should be included in your budget status report.
- Check the "Include in Threshold Alert" box if an alert must be triggered when your threshold limit is reached.
- Click Save Changes.
Transactions that are not classified under one of the available categories fall under uncategorised transactions. Click the uncategorised link to categorise the uncategorised transactions.