This is an answer for the Pocketbook web version. Switch to the mobile app answer.
Budget (previously known as Safely Spend) is the simplest way to budget and control your spending. It takes the focus off big future goals and puts them on incremental effects on your regular spending.
Budget is the running average of your discretionary spend - Meaning anything outside of bills, like one off purchases (marked with the #oneoffspend tag - ie TV, laptop, holiday) and Transferring Money categorised between your own accounts.
So this includes drinks, dinners, train tickets, groceries, petrol etc. Things that are somewhat more negotiable when it comes to saving.
The automatic Budget generated is based on your historical spending, but in the future, we'll check this against your salary.
So when setting up your Budget for the first time make sure:
- You have marked and detected all your bills
- You have identified all transfers between your accounts and categorised them as "Transferring Money"
- You have identified and tagged all "One-Off Spend"s
Finally to set your budget within your means, use your monthly salary, then minus your monthly bills (you can find this in Pocketbook) - then you'll be left with a monthly Budget number within your means.
If you want then a weekly amount, just multiply by 12 and divide by 52.
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