Frequently Asked Questions

1. Create a new wallet
Go to Settings > 'Manage your wallets', tap on '+', then 'Edit'. To change currency, tap on 'edit'. Once done, select 'Show this wallet'.

2. Add income
Tap on '+' on the Today page, then 'Income' and enter your post-tax income and specify pay frequency.

If you budget with a partner, enter their income as well.

For varied incomes like freelancing, add as “Flexible Earning” and set the amount and duration you want to spread out the income for.

3. Add regular expenses
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Tap on '+' on the Today page, then 'Recurring expense' and add regular expenses like rent or insurance. For periodic ones, choose the billing cycle (e.g., 'Monthly' or 'Yearly'). The app will deduct little bit everyday so the full amount is saved over the billing cycle. Make sure all bills are added for accuracy.

4. Set a monthly savings goal
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Tap on '+' on the Today page, then 'Saving Jar', tap 'Add saving' > 'Regular saving' and input your desired monthly savings amount.

5. Add daily expenses
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As you incur expenses, add them to the app. Tap on '+' on the Today page, then 'Small expense'. They'll be deducted from Today’s Budget.

6. Save for specific future expenses, with 'Large expense'
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Save up for a large expense that you can't pay with one day's budget. Tap on '+' on Today's page, then 'Large expense' and specify the amount and set a target date. The app will assist in daily savings to reach your goal.

7. Put left over into the saving jar (Optional)
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Left over money rolls over to the next day. Alternatively, itcan be added to the saving jar. To do this, tap on '+' on the Today page, then 'Saving Jar' > 'Add saving' > 'One-off saving' > 'Add all left over from today’.

Unlike most budget apps that book all expenses cash-based, Today’s Budget uses a hybrid approach of cash-based and value-based booking.

For day-to-day expenses, the app subtracts the amount immediately, just like your bank account. However, for larger expenses like rent, the app spreads the cost over the period it covers.

For example, if your rent is €500, instead of deducting €500 on the first day, the app deducts approximately €16.67 per day (500/30 days).

So, if your bank balance is €1000 and you pay €500 for rent on the first, your bank account shows €500 left. In the app, it would show around €983 because it spreads the rent cost over the month.

This method provides a more balanced view of your finances and gives you actionable insights. By spreading out larger expenses, you get a clearer picture of your daily financial status without sudden large drops, making it easier to manage your budget effectively.

Please enter just once, like "$20 - Eating out".

The app is designed to focus on the amount rather than the payment type whether it's cash, a credit card, or a debit card – money is money. The essential aspect is controlling the expense itself.

Currently, our app doesn't have a specific feature to input income on the 1st and 15th. However, a workaround would be to add two separate payments and set them as monthly income. The app will then use this information to calculate your daily income. If you get paid the same amount every month, this approach works perfectly.

Go to Settings > 'Manage wallets ' > tap on 'Edit' to open the wallet you are viewing then tap on Currency. Then tap 'Save'.

Please enter just once, like "$20 - Eating out".

The app is designed to focus on the amount rather than the payment type whether it's cash, a credit card, or a debit card – money is money. The essential aspect is controlling the expense itself.

Tap on "Save Balance" or "Offset Balance" (if the balance is negative) in the menu.

To reset the balance regularly, use "Automation" in the iOS Shortcuts app.

Select any 'One-off Income,' enter an amount, and choose a start date. Then, select 'Custom' for the duration and pick an end date.

You can also create a custom income category and then choose the one-off income option.

Our app doesn't keep track of the due date, or if it's overdue, so you don't have to worry about that part. It's all about how much cash you've got left.  For instance, if your bill was originally $10 but has a late fee making it $12, just enter $12 as the expense.