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Frequently Asked Questions

Simply start by adding your income and expenses in the Income and Expense tabs. You can add them at the following frequencies: daily, weekly, biweekly, monthly, quarterly, and yearly. Once you have added your details, set your savings goal and view how long it will take you to reach your goals.

Use the Reports tab to view your categorized savings, deficit, and expense breakdown. You can view your spending and saving daily, weekly, bi-weekly, monthly, quarterly, and yearly. For example, if you want to view your monthly savings, you can select Monthly from the frequency selector .

Yes, you absolutely can! Our enhanced Savings Calculator allows you to set a savings goal, and it will calculate the estimated time required to reach that goal. Whether you're planning for retirement, aiming for financial freedom, or working towards any financial milestone, our calculator simplifies the process, providing you with a clear timeframe for achieving your goals.

To use the 50/30/20 rule, categorize each expense as Needs, Wants, or Savings and Debt Repayment. The app's 'Reports' tab will then provide a visual representation of your spending, showing how it aligns with the 50/30/20 budgeting rule. This feature helps you easily assess the health of your finances and make necessary adjustments.

Yes, you can. You can choose existing My Budget App budget templates or you can use your existing budgets as a template to create a new budget. This streamlines the process, saving you time and effort in budget planning.

For example, during sign up you can select one of the existing budget templates to set up the blueprint for your first budget. These budget templates include common income, expense, and expense groups as a starting point. For example, salary, transport, groceries, health insurance and living expenses.

There are three main reports. The Top 5 Expenses report displays the highest spending categories. The Budget Summary provides an overview of your budget's income, expenses, and savings. Lastly, the Full Expense Breakdown report offers a detailed breakdown of all your expenses, categorized for better understanding.

Yes! Create a free My Budget App account to easily access and modify your budget anytime from any device.

Yes! You can create multiple budgets from a single free account.

This feature is useful for future budget planning and creating budget templates. Our savings planner enables you to quickly copy a budget to make changes for different purposes. For example, a budget for projects in different scenarios like investments, kid's school and child care fees, student loans or an overseas holiday!

Yes! You can set custom currencies for each budget. If your desired currency is not listed in the currency dropdown field, you can contact us, and we will add it.

Yes! You can invite your partner or financial advisor to access your budget by entering their email address in the form provided in the budget edit form. You can view the budget edit form by clicking on the Manage Budgets menu when you are logged in. If you prefer, you can also manually add a custom entry for their income and create additional expense categories.

Click on Manage Budgets > Shared with me in the menu to view any budgets that have been shared with you.

No. Our app is primarily a high-level budget planner and calculator that doesn't require a direct connection to your bank.

Yes! You can download your budget in CSV format by clicking the Download icon. The downloaded file can be opened in spreadsheet applications like Microsoft Excel and Google Sheets. Additionally, you can download the report charts as PNG files by hovering your mouse over the diagram and clicking the download icon.

It is recommended to update your budget regularly, preferably on a monthly basis. Doing so can ensure that your income, expenses, and savings are accurately reflected. Regular updates also help you stay on top of your financial situation and make informed decisions.

You can permanently delete your account and all associated data by clicking on the Delete My Account button on the My Profile page. It is important to note that deleting your account and all associated data is a permanent action and cannot be undone. Therefore, before you delete your account, it is a good idea to download your budget as a CSV file.

The smiley icons show your savings progress based on recommendations from personal finance advisors, books, and the popular 50/30/20 budgeting rule. If you are saving over 20% of your income, the icon will wink. The icon will smile if you are on track to meet your savings goal, but it will appear sad if you are falling short. Seeing the sad icon indicates that you should consider reducing expenses or finding ways to increase your income.

Budgeting for the Everyday Person


Free Budget App

My Budget App is completely free to use, with no hidden costs or fees.

Savings calculator

Just enter your goal amount and see how long it will take to realise your goal.

50/30/20 Budgeting

50% needs, 30% wants, 20% savings and debt repayment.

Expense Tracking

Track your expenses with ease and stay on top of your budget.

Financial Analytics

Get insights into your spending habits and make informed financial decisions.

Budget Templates

Start off by using our ready-made budget templates to quickly create a new budget.

Budget Sharing

Share your budget with family and friends to collaborate and stay on track together.

Budget Download

Download your budget data for easy record-keeping and analysis.

Multiple Budgets

You can create and manage multiple budgets to plan your finances more effectively.

Customizable Categories

Create your own expense categories and tailor the app to your specific needs.

Quick setup

No need to connect your bank accounts. Sign up and start using it straight away.

Flexible system

Easily track your expenses with a monthly budget or other frequencies (weekly, fortnightly etc).

And many more ..

Join free to access all features.

Budgeting Tips and articles

Creating a budget in 5 steps

Learn how to craft a budget in 5 steps that works! Simple steps for effective finance management in no time.

How to Use the 50 30 20 Budget Calculator to Achieve Financial Balance

Learn how to manage finances with the 50/30/20 budget calculator. This guide helps allocate income, track expenses, and set financial goals for stability.

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Use our Loan Repayment Calculator to easily plan your mortgage or auto loan. Adjust terms and rates for instant, accurate repayment estimates.

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