💸 ExpenseLens

Budgets & Goals

Set budgets and monitor spending alerts

Set a Budget

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💡 Budget Tips

Setting Effective Budgets

  • • Start with your income minus fixed expenses
  • • Use the 50/30/20 rule: 50% needs, 30% wants, 20% savings
  • • Set realistic limits based on past spending
  • • Review and adjust budgets monthly

Managing Alerts

  • • Red alerts: Budget exceeded - cut back immediately
  • • Yellow alerts: Near limit - review spending patterns
  • • Green: On track - keep up the good work
  • • Set alerts at 80% to stay proactive