App feature 1: Helping you budget better

Binyamin Ghaffar: Digital Marketing Apprentice

October 15, 2020

The OpenMoney app was launched in April 2019 and ever since then, we have been constantly trying to improve the user experience as well as add new features. This blog series will showcase the different money management tools available in the OpenMoney app and how you can use them to take back control of your money.

Our app has plenty of money management tools to help you keep track of your finances, and our budgeting tool is one of the most popular. Here’s how you can use it to get to grips with where you’re spending your money.  

Budgeting

Budgeting can be tedious and stressful, especially if you haven’t got the correct tools to help you out. Our tool makes budgeting fun (as fun as budgeting can be!) and easy to do. You can track your spending across 10 categories including rent, bills, transport, savings, dining/pub and more. Our app automatically categorises your transactions, so that you don’t have to, and shows you have how much you’ve spent each month per category, making budgeting a doddle!

How to set a budget in the app

  • Log in to the OpenMoney app
  • Head to the planning section (you’ll find this on the bottom of the home screen)
  • Select ‘Budgets’ from the top of the screen
  • Click ‘Set a budget’
  • Adjust each budget section of your choice using the plus and minus signs

The fun doesn’t stop there! You can choose when your summary resets by heading back to the budgets page and clicking on the date in the top left corner. You also have full control over when your summary period starts depending on what’s better for you - it couls be the first of every month, or your payday - It’s totally up to you!

Once that’s all done, head to the main budget page to see whether you’re on the right track or not. The app will tell you how much money you have spent and how much money you have remaining out of your total budget for each a specific category.

Want to start using our handy budgeting feature? You can download the OpenMoney app on both iOS and Android  to test out our new features!

Stay on the lookout for more features we'll be adding to our app in the coming months.

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