How to start - Wallet by BudgetBakers

Three Simple Steps to Get First Insight

In Day 1 In Week 1

Step 1.

Add Accounts you want to see in one place

Start by deciding which accounts you want to have in Wallet so that you can fully control your finances.

Wallet supports current accounts, savings, credit cards, loans, but also your pocket money (cash)

Wallet main screen has a primary tab called Accounts, where you simply add all accounts you need.

For each account you can connect to your bank for synchonization, or import files, or enter records manually

Step 2.

Upload transaction history

To get your money under control already on Day 1, you need to upload reasonable transactions history.

For accounts, which you connected to your bank, Wallet automatically uploads 3 months history

If you want to manually upload transaction files, the most convenient is to use our Wallet Web Application

Finally, make sure that your account balances are accurate, and if not, modify the accounts initial balance.

Step 3.

Learn and adjust system of records categorization

To understand where your money goes, Wallet helps you to view your expenses grouped into categories.

Start by learning the structured set of predefined categories, rename them or add your own if needed.

To teach Wallet categorize for you, open records history and correct categories if needed.

Wallet uses artificial intelligence learning from you. So as you are correcting categories, Wallet is getting better.

Step 1.

Record your bills and other planned payments

Wallet helps to capture regular bills not to miss due dates, but also to forecast your finance outlook.

Wallet enables you to capture all your one time or regular (weekly, monthly, quarterly and yearly) bills.

For each planned payment enter notification due date so that Wallet can prompt you in timely manner.

You may also plan your larger expenses to obtain more presize forecast of your finances.

Step 2.

Set your budgets and savings goals

Wallet on Android allows you to set up budgets to contriol your spending on a weekly and /or monthly basis.

You can set up as many budgets you need for any kind of combination of accounts, spend categories or labels.

Start with budgets for such expense categories where you want and actually can limit your consumption, eg. eating out.

Wallet will estimate your budgets fulfillment based on your plans and past behavior, and notify you in case of overspending risk.

Step 3.

Record your debts or what others owe you

Wallet supports you to track your friend-to-friend debts. Use Wallet accounts for regular loans and credits.

Whenever you borrow or lend money, track the debt including the agreed payment due date.

When partial payments are made track them through the Debt functionality to have corrrect picture.

For money you owe Wallet provides an up-to-date view on how much time is left before your pay-off due date.