Creating a Budget

Why budget?

A budget helps you understand where your money goes and set limits on spending categories. Finance Frank makes budgeting simple with category-level tracking and progress indicators.

Creating a budget

1. Go to Budgets & Goals

Click Budgets & Goals in the navigation.

2. Set category limits

For each spending category, set a monthly limit. Common budgets include:

• Groceries — e.g. $600/month
• Dining out — e.g. $200/month
• Transport — e.g. $150/month
• Entertainment — e.g. $100/month

3. Track your progress

As you import transactions, Finance Frank automatically tracks your spending against each budget. You'll see:

• Spent so far — total spending in the category this month
• Remaining — how much budget is left
• Progress bar — visual indicator of where you stand
• Over budget warning — alerts when you exceed a limit

Tips for effective budgeting

• Start with a few key categories rather than budgeting everything
• Review past transactions to set realistic limits
• Adjust budgets monthly based on what's working
• Use Frank AI to ask "How much did I spend on groceries last month?" to inform your budgets