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How Can We Help?
How Can We Help?
Creating and Managing Budgets
Creating and Managing Budgets
What happens if I haven't created a budget on Banksey?
If no budget is created, the Budget tab will automatically display your expenses by categorizing and calculating transactions from your connected accounts. This provides a snapshot of where your money is going without any setup required.
How do I create a budget in Banksey?
To create a budget, navigate to the Budget tab and click on 'Add a Budget'. You'll be prompted to specify categories (like groceries, utilities, dining out), set spending limits for each month.
Can I track my budget monthly?
Yes, Banksey allows you to track your budget on a monthly basis. You can set monthly spending limits for various categories and monitor your progress in real-time.
Understanding Spending Patterns
Understanding Spending Patterns
What is the dotted line in the spending graph?
The dotted line on the spending graph represents the AI-generated prediction of your spending based on past transaction patterns. This helps you anticipate future spending and adjust your budget accordingly.
What should I do if I consistently exceed my budget in a category?
If you regularly exceed your budget in certain categories, consider reviewing and adjusting your budget to better reflect your actual spending habits. Banksey also provides tips and insights that can help you reduce expenses in specific areas.
How can I view detailed transaction data related to my budget?
In the Budget tab, click on any category to see detailed transactions contributing to that category’s spending. This allows you to audit specific expenses and identify areas where adjustments may be necessary.
The Banksey Membership costs $19.99 per month, with a 14-day trial period before any charges apply. This fee automatically renews unless canceled or if your Banksey account is closed. Cancellations can be made anytime via the app. Not all Banksey features are included in the membership; refer to the Terms for detailed information.
Premium, encompassing Banksey and all features within the Banksey Membership, carries a maintenance fee of $19.99/month, charged after the first 30 days. You can deactivate Premium or close your Banksey account anytime through the app.
To enhance our service, Plaid is used to securely connect your financial accounts and streamline transactions, ensuring a seamless integration of your financial data.
Displayed trademarks and logos are used for illustrative purposes only and are not endorsements or recommendations to buy or sell any securities.
Trademarks and logos shown belong to their respective owners and do not imply endorsements.
For more details, please refer to our Terms of Use and Privacy Policy.
The Banksey Membership costs $19.99 per month, with a 14-day trial period before any charges apply. This fee automatically renews unless canceled or if your Banksey account is closed. Cancellations can be made anytime via the app. Not all Banksey features are included in the membership; refer to the Terms for detailed information.
Premium, encompassing Banksey and all features within the Banksey Membership, carries a maintenance fee of $19.99/month, charged after the first 30 days. You can deactivate Premium or close your Banksey account anytime through the app.
To enhance our service, Plaid is used to securely connect your financial accounts and streamline transactions, ensuring a seamless integration of your financial data.
Displayed trademarks and logos are used for illustrative purposes only and are not endorsements or recommendations to buy or sell any securities.
Trademarks and logos shown belong to their respective owners and do not imply endorsements.
For more details, please refer to our Terms of Use and Privacy Policy.
Creating and Managing Budgets
What happens if I haven't created a budget on Banksey?
If no budget is created, the Budget tab will automatically display your expenses by categorizing and calculating transactions from your connected accounts. This provides a snapshot of where your money is going without any setup required.
How do I create a budget in Banksey?
To create a budget, navigate to the Budget tab and click on 'Add a Budget'. You'll be prompted to specify categories (like groceries, utilities, dining out), set spending limits for each month.
Can I track my budget monthly?
Yes, Banksey allows you to track your budget on a monthly basis. You can set monthly spending limits for various categories and monitor your progress in real-time.
Understanding Spending Patterns
The dotted line on the spending graph represents the AI-generated prediction of your spending based on past transaction patterns. This helps you anticipate future spending and adjust your budget accordingly.
What is the dotted line in the spending graph?
What should I do if I consistently exceed my budget in a category?
If you regularly exceed your budget in certain categories, consider reviewing and adjusting your budget to better reflect your actual spending habits. Banksey also provides tips and insights that can help you reduce expenses in specific areas.
How can I view detailed transaction data related to my budget?
In the Budget tab, click on any category to see detailed transactions contributing to that category’s spending. This allows you to audit specific expenses and identify areas where adjustments may be necessary.