SET BUDGET

Using this option, the user can set a budget for a particular period with a monthly frequency. The user is allowed to create a budget for a category. The option to continue with the same budget on a rolling basis is also available. Budget can be set for periodicity as: This month, Recurring or Specific duration.

User can also view, modify and delete his created budgets from the Trends dashboard.

You are here How to reach here:

Dashboard > Budgets > More Options > Create Budget > My Budgets > Set your Budget > Set Budget
OR

Dashboard > Toggle Menu > PFM > Budgets > My Budgets > Set your Budget > Set Budget

Set Budget

Field Description

Field Name	Description
Choose a Category	Category of the budget that is to be created.
Set Budget Amount	The amount you wish to set for your budget.
Periodicity	The budget period. The values are: This Month Recurring Specific Duration
Frequency	The frequency of the budget.

To set a budget:

From the Choose a Category list, select the appropriate category.
In the Set Budget Amount field, enter the amount for the budget.
Click Save. The success message of creating the budget appears on the My Budgets screen.
OR
Click Cancel to cancel the transaction.

View and Modify Budget

The user can view and modify all his created budgets from the Trends Dashboard.

You are here How to reach here:

Dashboard > Budgets > More Options > Create Budget/ Manage Budget > My Budgets

Dashboard > Toggle Menu > PFM > Budgets > My Budgets

Field Description

Field Name	Description
Category	Category of the created budget.
Budgeted Amount	The amount you had set for your budget.
Progress Bar Chart	The graph displaying the current budget in percentage.

To modify a budget:

In the My Budgets screen, select a category for which you want to change budget and click .
Click View/ Modify. The View/ Modify Budget screen is displayed.

Modify Budget

Edit the required details.
Click Save. The success message of updating the budget appears on theMy Budgets screen.
OR
Click Cancel to cancel the transaction.

Delete Budget

Using this option, a user can delete a budget.

To delete a budget:

In the My Budgets screen, select a budget which you want to edit and click .
Click Delete. The warning screen asking you to delete the budget is displayed.

Click Yes, proceed to delete the budget. The success message of deleting the budget appears on the My Budgets screen.
OR
Click No, do not proceed to cancel the deletion process.

FAQs

How Do I set a budget for One-Time Expenses?

How can I identify how much I have spent against a set budget?

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