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How to do it
For a full walkthrough with a worked monthly example, see How to create a Flexible Spending Targets budget. To budget only the money you already have, try the Zero-Based Budgeting guide (Beta).
1. Look at recent spending
Check a recent month to see what you normally spend on groceries, housing, travel and other categories.
2. Set monthly targets
Choose realistic amounts for the categories you want to manage.
3. Add upcoming bills and income
Review recurring payments and expected income so the forecast has useful information.
4. Check your progress
Compare what you have spent with your targets during the month.
5. Adjust when life changes
Update your budget or recurring bills when amounts or dates change.
Good to know: A forecast is an estimate based on the information you enter and import—not a guarantee of your future bank balance.
Related guides
- Keep track of recurring bills
- Cash-flow forecasting
- Import bank and credit card transactions
- Choose Flexible or Zero-Based budgeting (Beta)
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