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Budgets

Budgets let you set targets for transaction categories and track progress toward those targets over the month.

Manage budgets on the Budgets page (click the calculator icon in the sidebar).

Creating budgets​

To create a new budget, click the plus icon in the top-right of the Budgets page. Fill out the form with the budget details:

  • Category: Select the transaction category to budget.
    • You can create budgets for parent and child categories.
    • Child-category budgets are tracked separately and roll up into the parent category's total.
  • Amount: Specify the target amount for the budget.

Tracking progress​

Budget types​

Budgets are one of two types:

  • Income: Tracks income for the month. The goal is to meet or exceed the amount.
    • Budgets attached to income categories are treated as income budgets.
  • Expense: Tracks expenses in the selected category. The goal is to stay under the specified amount.
    • Budgets attached to non-income categories are treated as expense budgets.

Budget colors​

Budgets are color-coded by progress. Colors differ for income and expense budgets.

Income budgets​

  • Green: You have met or exceeded the income target.
  • Blue: You have not yet met the income target.

Expense budgets​

  • Green: You are well below the expense target.
  • Yellow: You are approaching the expense target. The threshold for this color is configurable in settings (see below).
  • Red: You have exceeded the expense target.

Unbudgeted categories​

Transactions in categories without a budget appear in one of two places.

tip

Create a budget for an unbudgeted category by clicking the plus icon next to it. This creates a new budget prefilled with the current spending as the initial amount.

Unbudgeted parent categories​

If the category is a parent, or a child with no parent budget, it appears in the Unbudgeted section at the bottom of the budgets list.

Unbudgeted child categories​

If the category is a child and its parent has a budget, it appears under the parent category in the budgets list.

Budget settings​

Configure budget settings by clicking the gear icon in the top-right of the Budgets page.

Warning threshold​

This setting controls when an expense budget changes from green to yellow. For example, if the threshold is 80%, an expense budget turns yellow when you reach 80% of the budgeted amount.

Budget summary​

At the top of the right column on the Budgets page, you'll see a summary for the month:

  • Total Income: Combined progress of income budgets for the month.
  • Total Expenses: Combined progress of expense budgets for the month.
  • Unbudgeted: Net unbudgeted amount (unbudgeted income minus unbudgeted expenses).
  • Net Cash Flow: Calculated as Total Income - Total Expenses + Unbudgeted.

Aggregating budgets​

By default the Budgets page shows the current month. You can view a different month or aggregate multiple months.

Change the selected month using the toolbar at the top of the Budgets page.

To select multiple months, click the Select Multiple button in the toolbar, then click the months to include. Click the button again to return to single-month view.

note

When aggregating multiple months you cannot add/edit budgets or view budget details.

Budget details​

Click a budget to open a side panel with more information.

Shows a bar chart of expenses in the selected category over the past six months and an average for that period.

Recent transactions​

Lists recent transactions in the category. You can edit transactions from this panel just as on the Transactions page.