How to create an income budget
How to create an income budget
Track every penny of your income by setting up an income budget. In this guide, we'll walk you through all the ins and outs of how to set up your income budget.
1. A quick summary
Income budgets are to be created for any regular income you receive, like your pay. Setting up your income budget is one of the most important steps to get the most out of BudgetBuddie. Once you set up an income budget you can categorise transactions which allows you to then track your actual income vs budget, along with bringing a lot of the other features and widgets to life.
2. Adding an income budget
To add an income budget, you can either use quick add or the add new buttons. Quick add allows you to simply select a category and enter your amount to create the budget, then the normal add new function allows you to add further details like colours and emojis.
3. Quick add
To use quick add, simply tap the quick add button with the lightning bolt and you'll then see a new budget tile added. Now tap on the category selector, select your category and then your budget is created. All you need to do now is enter the monthly budget amount.
4. Personalise
Once you've entered your details using the 'Add new' option, you can personalise your budget by adding a colour and emoji. Simply tap on the colour button to show the colour selector. Once you've selected a colour, you can add an emoji by tapping the grey input field.
5. Save & Finish or Next income
Now that you've entered all your details and personalised your income budget, you can choose to save and finish, or if you have another income budget to add, you can select the next income. Save & Finish will bring you back to the budget summary screen, while Next Income will save your budget and then allow you to add another.
You're all ready to go 🎉
Woohoo! You've just set up an income budget. If you run into any issues while setting everything up, feel free to get in touch with us at hello@budgetbuddie.co.nz.