These screens are designed to give you detailed information about your selected Envelope. On this page you'll learn what each field on the screen means as well as the detailed explanation of the three Envelope types.
Edit
By tapping here you'll be able to edit the details of this Envelope.
Balance
This is rolling balance of your selected envelope. It takes into account all the income allocated to, as well as transactions from, this envelope.
Budget Type
This is where any Envelope alerts will be shown for this envelope.
Next Occurrence
This is the date that the next Envelope Period will start.
Budget
This is the amount that is budgeted per Budget Period.
Graph
This graph will show you the Envelopes Balance and the spend. The balance is determined by your income allocation to the Envelope as well as the transactions you've categorised to the Envelope. The spend is determined only by the transactions you've categorised to the Envelope.
Transaction History
This is the complete list of transactions that have been categorised to this envelope.
Envelope Types
Bills Bills are for when you have a specific date to spend an amount, such as a monthly phone bill or quarterly electricity bill. SkyBudget will fill these envelopes throughout the budget period, so the required amount is ready when you need it. SkyBudget will alert you when:
The envelope balance is not on track to cover the bill when needed
You have spent more than you have budgeted
Expenses These envelopes are for when you have an approximate budget you are aiming to stick to, such as a groceries and fuel. If you're unsure of your budget for something, over-estimate initially to make sure money is set aside. As time progresses, you'll be able to adjust your budget accordingly. SkyBudget will alert you when:
You have reached 80% of your budget for the period
You have overspent for the period
You have a negative envelope balance
General
These envelopes are used as a bucket of money that is for transactions where your spending will be dictated by how much money you have. This would usually be for spending on items like hobbies where your spend is less predictable than Expenses but is not tied to a set time like a Goal.
The only alert you'll receive for General envelopes will be when your balance is negative.
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