How Budgetoo Works
Step 1: Set Up Your Primary Income
This is where you specify your sources of income. Each income can be assigned a pay frequency, such as weekly, twice weekly, bi-weekly or monthly.
If you receive income from more than one job, you should enter them each as a separate source of income. You can assign a description to keep track
of each income; this could be the name of the company that you work for or the type of work it is. If your income was to change, such as
receiving a raise, you can easily go back and update your income.
— Start setting up your primary income »
Step 2: Plan a Budget for Your Expenses
Your expenses are the heart of your budget plan. Here you will set a goal for each area of your
expenses, such as food, utilities, or car insurance. As your income and spending changes you may want
to adjust your expenses, you can do so easily by updating each expense as necessary.
— Start setting up your expense plan »
Step 3: Add Your Payments
In order to have a successful budget, you need to keep track of all the payments you make. Each time
you make a payment, whether paying the bills, buying gas, or picking up some fast food, you’ll need
to enter the amount, the time and what expense the money went towards. This will be used to track
how close your spending is in comparison to what you’ve budgeted for your expenses.
— Start adding your payments »
Step 4: View Your Reports
As you use spend month to month Budgetoo will show you areas where you might be spending too much. The
reports section contains a pie chart displaying exactly which categories your spending is going. Bar
graphs will reveal your spending habits for each category over the last 6 months. The reports can be
filtered by a specific date range to quickly compare how your spending has changed since you began using Budgetoo.
— Start building reports »
Step 5: View Your Trends
During the month the trends area will make sure you stay under your budget. Each spending category is
displayed with a thermometer. The thermometer will fill up as your spending reaches your budgeted amount.
A green colored thermometer will let you know that your spending is well under your budgeted amount. Yellow
tells you that you’re getting close to your budget. Red notifies you that you’ve gone over your budgeted
amount for that spending category.
— Start building trends »
