Some of us are not great at managing everyday money and our spending can get out of control. This graph provides you with a breakdown of where you have been spending money, enabling you to set a budget.
Budgeting sounds hard, and it can be if you are having to manually work out where your money is going using spreadsheets and calculators. At the risk of over-simplifying the process, your spending will automatically be categorised. To set a budget, type in your targeted spending for the week or month. Make this number less than your income – but you knew that, right?
The platform will track your actual spending against your targeted amount automatically. If you go over your budget, have a look at where you spent your money to identify any problem areas such as clothing or eating out.
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