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Miyo separates your monthly spending plan from the savings finish lines you want to reach. Both appear in Budget, but they track different kinds of progress.

Monthly budget

Plan how much to assign to spending categories for a selected month, then compare those amounts with categorized transactions.

Savings goals

Track how much you have saved toward one total finish line. Progress carries forward until you reach the target.

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Choose by the question you are asking

A budget amount and an account balance are not the same thing. Planning or recording progress in Miyo does not transfer money between bank accounts.

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See the difference with one example

Suppose you want to take a $10,000 vacation:
  • Create a savings goal when the question is, “How much of the $10,000 have I saved?” A $200 contribution produces $200 of $10,000 in progress.
  • Create a Travel budget category when the question is, “How much can I spend on travel this month?”
  • Add a category target when the question is, “How much should I assign to Travel each month, or how much should remain available?”
The same purpose can appear in more than one planning tool because each tool answers a different question. Avoid recording the same money twice when reviewing your overall plan.

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Continue with the right setup

Choose a budget mode

Compare Simple monthly limits with Advanced rollover envelopes.

Set a category target

Learn when to add another amount or refill what remains available.