What is the Budget?

At Moneylab we believe that setting up a budget is one of the most important steps to organising your finances and making better decisions about your money.

After you connect all your financial accounts to Moneylab we will automatically assign the last 3 months of your transaction data to categories and prepare a monthly budget for each of the next 12 months.  Any bills you have set up are included in your budget. To finalise your budget you can fine tune what we create for you and lock it in.

Your budget will track your monthly transactions and show you how much you have left in your budget spending categories or how much income is expected to come in for the month. If your lifestyle changes and you need to change your budget, you can do so at any time.

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