How do I create or update my budget?

MoneyWellth is a powerful budgeting app designed to simplify the budgeting process and empower you to take control of your finances. To create an effective budget on MoneyWellth, start by connecting your accounts to track your finances seamlessly. Follow the steps below to set up or update your budget.

Please note that MoneyWellth's budgeting tool starts on the first of each month.

Through the App: 

1. Tap the Budget tile on your dashboard.
   
   
   
   
2. Update your monthly income and your savings target to begin your monthly budget. Tap Next.
   
   
   
   
3. Update your monthly living expenses (if needed). Tap Next.
   
   
   
   
4. Select more categories to budget for (Optional). Tap Save.
   
   
   
   Note: We’ve improved our budgeting pages to highlight key insights from MoneyWellth. As you build your budget, MoneyWellth shows you what you’ve spent in each category on average over the last six months. This helps you establish a realistic budget target. Don’t guess—review your spending and set a budget that reflects your actual expenses.
   
   
   
   

Through the Website: 

1. Log in to your MoneyWellth account.
2. Click on the Budget tile on your dashboard.
   
   
   
   
3. Update your monthly income and your savings target to begin your monthly budget. Click Next.
   
   
   
   
4. Update your monthly living expenses (if needed). Click Next.
   
   
   
   
5. Select more categories to budget for (Optional). Click Save.
   
   
   
   Note: We’ve improved our budgeting pages to highlight key insights from MoneyWellth. As you build your budget, MoneyWellth shows you what you’ve spent in each category on average over the last six months. This helps you establish a realistic budget target. Don’t guess—review your spending and set a budget that reflects your actual expenses.