Frequently-Asked Questions : Budgeting

Establishing a budget

Establishing a budget is easy to do and can provide valuable insight into achieving your financial goals. Once you are logged into the Online Branch, click on the Budget tab on the far right of the navigational tab menu towards the top of the screen. From there you can set your budget one of three ways:

  1. Within the Budget tab, simply click on “Budget – Suggest” in the navigational menu found below the Transactions by Category heading. This will analyze the past 3 months of transaction history and suggest a budget for each category that has transactions associated with it. You can then simply click “Use this Budget” from the menu under Reports – Suggested Monthly Budget. This will then set and save your budgets for each category.
  2. You can also set each category up individually by navigating to the Budget tab and clicking on “Budget – Setup” in the navigational menu found below the Transactions by Category heading. This will open a list of all the categories with their corresponding type, rules and transactions. To add a budget, simply click on a specific category (e.g. DiningOut). This will open the properties page for that category. Simply type the dollar amount you wish to set as the budget in the text box next to “Budget” and click “Save”. This will set the budget for that category. Repeat this process for all desired categories.

    Please note: From the Category property page you can also set up additional “keyword rules” to help you automatically categorize your transactions and have them included in the budgeting group. For more information on how to do this, please see the help section entitled: “Adding Keyword Rules to Categories”
  3. You can also set an individual budget category by clicking on the bar graph icon found to the left of the Category name. This will show the Category Summary by month view. At the bottom of this bar graph, click on “Set Budget”. Enter a desired amount in the “Budget” text box and click “Save”. This will set the budget for that category. Repeat this process for all desired categories.

If at any time you would like to adjust your budget it can be done by following the above step 2 for any budget item you wish to change. To delete an item from your budget, navigate to the edit button on the left of the item you wish to delete. Once there, simply press “Delete” located in the bottom right hand corner of the window.