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.
Choose by the question you are asking
| If you want to know… | Use |
|---|---|
| How much can I still spend in this category this month? | Monthly budget |
| How much should I assign or keep available for a recurring category? | Budget category target |
| How close am I to saving one total amount? | Savings goal |
| How much do I need to save each month to reach a date? | Savings goal with a target date |
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.
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 200 contribution produces 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?”
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.