Making and Maintaining your Budget with MiBudget
If you are using the app for the first time, it will ask you to set up an initial budget, in this initial budget, you will select categories and items that are a part of your expenses every month. This initial budget will be preloaded each month and then you can add and subtract from it as your lifestyle and budget changes.
For example, you are setting up a budget for December. After you have set up your initial budget, you can now add all the other items that are just for the month of December only, like gifts, Christmas decorations or a trip to relatives.
The month for the budget is at the top, you can scroll left or right to go to the next month or the previous one. So we scroll to December and the app will give you this message: “You do not currently have a budget setup for December (year). Would you like to create it now using your initial budget?"
Scroll to yes and select it, the app will then generate your December budget with the basic every month items expenses that you had initially set up, now it’s time to modify your budget to suit December. To do this, you will select the menu button, which will generate an options list with Modify Budget at the top, select it. You will then be greeted with the list of categories; from here you can add more of these categories to the budget by ticking the checkbox beside it or you can create a brand new category (I will teach you to create a new category in the next section). For now we are just going to modify the grocery list. You would already have grocery, but maybe you only had $300 for grocery for a regular month, but for December, you are going to buy lots of goodies and need to budget more money for it. To do this, you will scroll to Food/Grocery and select the arrow on the right of it; it will produce a drop down list of the sub-categories which generally include Grocery and Restaurants. Scroll to grocery and edit the amount of money in the field to the amount that you want, then press escape to save. That’s it! You have just modified your budget to make more room for groceries. You can modify any other category that you want to and add any category by checking the box beside it.