Budgets
Budgets
Budgets
Budgets help you plan your future income and expenses stay on track with your earning and spending.
Creating a new budget
Use your budgets in PocketSmith to help stay on track with your earning and spending.
Creating a transfer budget
Transfer budgets are useful for tracking transfers between your transaction accounts or towards your assets and debts in PocketSmith.
Tips and tricks for creating budgets in PocketSmith
Check out this guide to learn how to make the most of budgeting in PocketSmith!
Budget forms for creating or editing budgets
There are two budget forms available when creating or editing budgets.
The auto-budget tool
Use the Auto-budget tool to create budgets easily when setting up your PocketSmith account. If you have already been using PocketSmith for a while, you can use the auto-budget tool to create budgets for categories you haven't had a chance to yet!
Editing, moving or deleting a budget
Once you've created a budget, you can edit, move or delete it at any time.
Reviewing and updating budgets
Learn how to easily review and update your budgets.
Repeating budgets and how to delete or make changes to them
It's easy to create budgets that automatically repeat so you can track your expected earning and spending into the future. Sometimes budgets need to be updated so that they better reflect actual transactions.
Budget event exceptions for repeating budgets
If you want to make a one-off change to a budget event that is part of a repeating budget, you can make a one-off edit so that all other budgets in that series remain the same.
Budget analysis panel
Learn more about the budget analysis panel and the information it contains.
Budget burndown ch
Use the burndown chart to analyse and check you’re on track with your budgets.
The Budget page
Using the Budget page: An overview
The Budget page is your hub for creating and understanding your budgeted categories⚡️
Using the Budget page: Total Budget Summary
A closer look at the Total Budget Summary on the Budget page.
Using the Budget page: Individual category budgets
Check this guide out to learn about individual category budgets on the Budget page.
Using the Budget page: When a category can’t be rolled up
When using roll-up to analyse a sub-category within its parent category, both categories must have the same transfer setting.
Rollover budgeting
Rollover budgeting
A rollover budget allows under-spent / under-earnt or over-spent / over-earnt amounts to be carried over from one budget period to the next.
Distributing rollover surpluses
Check through this guide for more information on distributing rollover surpluses.
Budgets: Frequently asked questions
Why we don't recommend having multiple concurrent budgets per category
We generally recommend only having one current repeating budget per category. This guide covers why and the best way to set this up. However, there are exceptions to this, which we'll run through too.
How the Total Budget Summary is calculated
Check this guide out for some more information on the Total Budget Summary on the Budget page.
Bill reminders: Paid bill showing as overdue
You might notice a bill in your bill reminder widget or email showing as overdue despite knowing it has been paid. This guide will help you fix this and understand why it might occur.
Fix a bill showing as overdue, when it was paid early
If you notice that a bill is showing as overdue but you just paid it early, there is a tool to help you easily mark it as paid.
Budget showing as overspent when it’s not
If you have a budget that is always showing as overspent, but you’re sure it isn’t, this may be due to the Budget being assigned to an asset or debt instead of an account. This guide will walk you through the steps to resolve this issue.
Managing savings in PocketSmith
Envelope Budgeting in PocketSmith
An important guide to read through if you are from an envelope approach to budgeting background.
Using Barefoot Investor principles with PocketSmith
PocketSmith is a powerful tool for those following the principles of the Barefoot Investor, providing a comprehensive platform for your financial needs.
Managing savings in PocketSmith: Overview
A quick overview of some different approaches to managing savings in PocketSmith.
Managing savings: Within only one account
In order to track savings within a single account, we recommend checking out two of our Beta features - Rollover and Safe Balance.
Managing savings: A single separate bills bank account
Tips and tricks for tracking your savings in PocketSmith with a separate savings account.
Managing savings: Multiple separate bills bank accounts
Learn how to track your savings in PocketSmith with multiple savings accounts.