Budgeting

Track all your family expenses and incomes

It is known from experience, that most of the family budget we expend on small purchases and we even don't know exactly why and where your budget was expended. Everyday food shopping and transport expenses day by day weaken your budget; as a result you waste your money inexpediently. The right way to welfare and stability of your budget is keeping in order your money by tracking all your family expenses and incomes. My Budget Keeper is great software solution for controlling, managing and planning your budget.

1. Create expense categories and items.

To start tracking your family expenses and incomes you should first create categories to what you'll separate all your funds. After it, you should divide them into expense items.

Screenshot from My Budget Keeper for example how you could do it:

2. Add persons

Add to My Budget Keeper all your family members. It will allow you to create "personal" expenses and to view useful reports that will show who is the biggest spender in your family and who is the thriftiest person. Expense could be not only "personal" (i.e. intended for this individual) but also for the entire family (as in paying utility bills or buying a new air conditioning unit). If you want to add expense for all family just choose "for all" person in expense description.

Screenshots from My Budget Keeper for example:

3. Add expenses

To add expenses you should:

1. Select item to what you want to add expense.

2. Click "Item -> Expenses list" on caption bar. It will show you all expenses on this item.

3. Then you'll see a button "Add expense". Click it and enter all information about expense. It will add expense to selected item.

By using button on caption bar you'll be able to change view from Expenses list to any chart you need.

Screenshot from My Budget Keeper for example how you could do it:

4. Incomes tracking

Select "Incomes" pane. Do the same steps as for expenses and you'll be able to track your incomes.

Screenshot from My Budget Keeper:

5. Plan your budget effectively

The program allows you to plan your budget effectively. Simply add planned expenses and incomes and then you may include them into your budget or not. Planning of expenses and incomes will help you to keep your budget in balance.

6. Reports

Use button on caption bar to change view to reports. Report offers a detailed break through of your spending habits, showing where most of the money goes to and from whom they comes. You can also compare your expenses and incomes on a month-to-month basis.