Skip to main content
The Monthly budget view connects planned category amounts with transaction activity for the selected month. It is separate from Savings goals, which tracks progress toward long-term finish lines.
1

Open Budget

Open Budget, choose Monthly budget, and select the month you want to plan. Confirm that you are viewing the expected budget mode before entering amounts.
2

Set category amounts

Add an amount to the expense categories you want to plan. Keep categories specific enough to guide decisions without creating a category for every merchant.
3

Review progress

As transactions receive categories, Miyo compares activity with the relevant budget amount. Warning states can identify categories that are close to or above the plan.
4

Prepare the next month

Copy the previous month’s budgets when the structure still fits, then adjust amounts for known changes.

​
Planned amounts and account balances are different

A budget is a plan for how money should be used. Your account balance is where money currently sits. Categorizing a transaction changes budget activity; it does not move money between bank accounts.
Review uncategorized transactions before trusting a category’s remaining amount. Missing categories can make a budget look healthier than it is.

​
Use a category target for recurring assignments

A category target helps answer how much you should assign to a spending category. You can:
  • Add another amount each period, even when money remains available.
  • Refill available only by the amount missing from the target.
  • Build an available amount By a date.
Understand category targets

​
Use a savings goal for one finish line

A savings goal tracks how much you have saved toward one total. For example, after contributing $200 to a $10,000 goal, progress is $200 of $10,000. If you add a target date, Miyo can estimate a monthly pace. The current month’s total appears as Savings contributions in your monthly plan. Create a savings goal