How to Use My Spending Pal
Follow this step-by-step guide to master your personal budget
Start by adding all your income sources - salary, freelance work, rental income, etc.
💡 Pro Tip:
Include all income sources - even irregular ones. You can adjust amounts monthly.
Income Streams
Total: $0
Add essential expenses like rent, utilities, insurance, groceries, and minimum debt payments.
💡 Pro Tip:
Start with necessities first. If over 60%, look for ways to reduce or increase income.
Fixed Costs
Total: $0 / $7,000
Allocate funds for long-term wealth building - 401(k), IRA, index funds, stocks.
💡 Pro Tip:
Take advantage of employer matching - it's free money! Start with index funds for diversification.
Investments
Monthly: $0
Plan for emergency fund, vacation, house down payment, and other short-term goals.
💡 Pro Tip:
Emergency fund should be 3-6 months of expenses. Save for goals before spending on wants.
Savings Goals
Total Monthly: $0
Budget for entertainment, dining out, hobbies, and personal treats without guilt.
💡 Pro Tip:
This is your reward for good financial habits. Spend without guilt within your budget!
Guilt-Free Spending
Monthly Fun Budget: $0
Monitor your progress, adjust allocations, and watch your wealth grow over time.
💡 Pro Tip:
Review monthly and adjust quarterly. Small changes compound over time.
Track & Optimize
Monitor progress and optimize allocations
See how your investments and savings will grow over time with realistic projections.
Backup your budget data and transfer between devices with JSON export/import.
Get real-time feedback on your budget allocation with color-coded status indicators.
All data stays on your device. No servers, no tracking, complete privacy.