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Quickstart Guide

Welcome to Fineo Budget

Managing your personal finances doesn’t have to be overwhelming. Fineo Budget streamlines your financial planning with an easy-to-use interface. Below is a step-by-step guide to set you on the path to financial freedom.

Step 1: Add Your Accounts

What to Do:
Firstly, you’ll need to add the accounts where you hold funds. These accounts will set the stage for your budgeting activities.

How to Do It:

  • Choose between adding a Linked Account that automatically syncs transactions from your bank, or a Manual Account where you enter transactions yourself.

Types of Manual Accounts:

  • Checking Account: For everyday banking activities.
  • Cash Account: To manage physical cash transactions.
  • Tracking Account: To monitor assets or transactions with external parties.

What Happens Next:
Once you’ve added your accounts, you’ll notice your ‘Total Funds Available’ for the month will update according to the new balances.

Step 2: Customize Your Budget

What to Do:
We’ve given you a head start with a default budget, which you can customize to better fit your lifestyle and financial goals.

How to Do It:

  1. Monthly Expenses Budget: For recurring costs like groceries and rent.
  2. Future Expenses Budget: For future costs like insurance premiums, taxes, or holiday gifts.
  3. Savings Budget: For building your nest egg.
  • Feel free to add, modify, or delete categories and groups.
  • Move categories within the same type of budget or hide categories you don’t want to delete.

Step 3: Allocate Your Funds

What to Do:
The next step is to allocate the funds you’ve identified in ‘Total Funds Available’ to the various budget categories.

How to Do It:

  • Prioritize essential monthly expenses.
  • Allocate sufficient amounts for future expenses.
  • Don’t forget to save!

What Happens Next:
As you allocate funds, you’ll notice that the ‘Total Funds Available’ will decrease. Continue until this amount is zero to ensure every dollar has a job.

Step 4: Track Your Transactions

What to Do:
Monitor your transactions regularly to keep your budget accurate and up-to-date.

How to Do It:

  • For Linked Accounts, transactions are imported automatically.
  • For Manual Accounts, add transactions regularly by specifying the account, the transaction’s counterparty (e.g., merchant’s name), category, and the amount.

Note: Transfers between accounts do not require a budget category.

Step 5: Review and Adjust Your Budget

What to Do:
Consistently review your budget to ensure you’re staying on track.

How to Do It:

  • Make necessary adjustments to your allocated amounts.
  • Rebalance your budget as needed.

Step 6: Start Fresh Each Month

What to Do:
Start anew with your budget every month.

How to Do It:

  • You can either manually reset the budgeted amounts or use the “Manage the Budget” menu to modify the previous month’s budget.

You’re now equipped to manage your finances like a pro with Fineo Budget. For more advanced features and tips, be sure to check out our other help articles.

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