Budgets & Insights
Learn about setting up budgets, tracking progress, and understanding your financial insights
Frequently Asked Questions about Budgets and Insights
Setting up monthly budgets
Navigate to the Budgets section in the app. Tap the "+" button to create a new budget. Select a category, set your monthly spending limit, and choose the month. You can create budgets for multiple categories. The budget will track your spending throughout the month and show your progress.
Tracking budget progress
View your budget progress in the Budgets section. Each budget shows how much you've spent, how much remains, and a visual progress bar. Colors indicate if you're on track (green), approaching your limit (yellow), or over budget (red). Check your progress anytime to stay on top of your spending.
Understanding spending statistics
The Insights section provides detailed statistics about your spending. View total expenses, average daily spending, top spending categories, and monthly comparisons. These statistics help you understand your spending patterns and identify areas where you can save money.
Viewing income and expense trends
Access the Trends section to see your income and expense trends over time. View monthly, quarterly, or yearly comparisons. Charts show whether your income is increasing or decreasing, and how your expenses are trending. This helps you make informed financial decisions.
Budget alerts and notifications
Set up budget alerts to get notified when you're approaching your spending limit. You can customize alert thresholds (e.g., notify at 80% of budget). These notifications help you stay aware of your spending and avoid going over budget.
Analyzing category spending
Use the category breakdown feature to see how much you spend in each category. This helps identify which categories consume most of your budget. Compare spending across different time periods to spot trends and adjust your budgets accordingly.