Budget Plan in MyLife: the complete guide

Step 1

How the plan works

You make a plan for one month in your wallet’s main currency. A wizard walks you through five steps, and after that the app compares the plan with your transactions on its own.

Monthly income
How much is coming in, and when.
Loans and debts
This month’s payments.
Fixed expenses
Rent, phone, utilities.
Variable expenses
Category limits and one-off spending.
Plan summary
How much will be left, or how much you’ll be short.

Where to find it: on iPhone, open the “Budget” tab → the “Budget Plan” button in the top row, or press and hold the “Budget” tab and pick “Budget Plan” from the menu. On Android, open the “Finance” tab → “Budget Plan” in the switcher at the top. In the web app, it’s “Budget Plan” in the “Finance” group of the sidebar.
Empty month: tap “Plan now”. Pick a month: anything up to the end of next year, past months too.
Nothing is saved until you tap “Save plan” at the end of the wizard. New categories and debts you create along the way are saved right away.

🤖

You can hand the plan to the assistant: the ✦ icon in the plan header fills in the request “Make a budget plan for October based on my spending last month”. A plan it creates can be undone with one button.

Step 2

Income

At the top there’s a hint with your income for the past three months. Add your sources: salary, paycheck, freelance work.

Required: a name and an amount above zero. You can’t move on without at least one income source.
Optional: emoji, a date within the month and income categories (you can pick several).
Categories decide what counts. A source without categories collects all income for the month. A source with categories collects only those, and with a date, only on that day.

💡

If you have several sources, give each one a category. Otherwise each of them counts all of the month’s income, and the plan will show that everything has already come in.

Step 3

Loans and debts

This month’s payments: mortgage, credit card, money you owe a friend. The bar at the top shows how much of your income goes to debts.

Row: name, amount and payment date.
Linking to a debt: pick an open “I owe” debt from the “Debts” section. Payments on it this month count automatically. One debt links to one row, and debts already taken aren’t shown in the list.
The date fills in automatically if the debt has a monthly payment schedule.

Step 4

Fixed expenses

Spending you can’t avoid. The “Common expenses” hints at the top add a row in one tap.

🏠 Rent💡 Utilities🌐 Internet📱 Mobile🔂 Subscriptions🚌 Transport

Row: name and amount. Category and date are optional: without a category, the row shows “❔ No category”.
Matching: a row is done when the month has an expense for the same amount: on the same day if a date is set, and in the same category if one is chosen.

Step 5

Variable expenses and limits

This is where you decide how much you’re willing to spend on groceries, eating out, taxis. Categories with a limit are at the top, the rest below.

A limit sets a monthly spending cap for a category. The category card shows its spending for the past three months. A limit of 0 removes the limit.
“+ expense” on a category with a limit adds a one-off planned expense: for example, a gift or a phone repair.
The limit also shows up in “Finance”: on the category chart and as an overspending mark.

🔂

Automatic subscription expenses go into the system “Subscription” category, and you can’t set a limit on it. It’s better to add subscriptions as fixed expenses without a category: then the row closes when the same amount is charged on the same day.

Step 6

Plan summary

The last step calculates income minus debts, fixed and variable expenses.

The amount at the top shows how much will be left. It’s green when you’re in the plus, yellow for a small minus of up to 5% of income, and red if the plan doesn’t add up.
The ring shows the shares: debts, fixed, variable and what’s left.
If the plan doesn’t add up, go back and cut limits or move some spending.

Plan summary: +$500, ring: loans and debts $2,020, fixed $1,400, variable $1,160, left $500 — Plan summary

Step 7

The Overview tab

Once saved, the plan opens on the “Overview” tab, where you can see how the month is going.

Status: “🚀 On track” or “⚠️ There are issues”, and after the month ends “✅ Plan completed”, “⚠️ Plan with issues” or “🛑 Plan not completed”.
Left shows how much more you can spend according to the plan.
Tiles “Incomes”, “Debts”, “Fixed”, “Variable”: a percentage and “actual / plan”.
Bar: debts, fixed, variable and free balance or overspending.
Income with a bar and a date; debts with the amount left to pay or a “Paid” mark; categories with spending against the limit, “More planned” and “Overspending”.

October plan overview: On track, $2,546 left, income and debt tiles, bar, income, debts and categories — The Overview tab

🧮

What goes into “Left”. Planned spending is made up of debts, fixed expenses and limits. Spent money includes debt payments, closed fixed expenses and spending in categories with a limit. Spending in categories without a limit doesn’t affect “Left”.

Step 8

Plan calendar

The second tab shows the month day by day: when money comes in and when to pay.

In each cell, income is at the top and expenses at the bottom. Actual amounts are in color, planned ones in gray.
An overdue day has a yellow background and ⚠️: the date has passed, but the row isn’t done.
Below the grid is the list for the selected day: planned rows “Plan: …” and real transactions.
Tapping a planned row creates a transaction with its amount, category and date and links it to the row. A row for a future day opens for editing, and a row with a linked debt opens the debt screen.
Swipe a row to edit or delete it.
Rows without a date don’t show up in the calendar, and completed ones disappear from it.

✅

The most reliable way to close a fixed expense is to tap its row in the calendar: the transaction gets linked to the plan, even if the amount changes later.

Step 9

How the plan is compared with what actually happened

The calculation uses transactions on your accounts during the plan’s month, by transaction date and in the main currency. Transfers between accounts don’t count.

Row	What counts	When it’s done
Income	Income for the month: all of it, only from the selected categories, or also only on the selected day	Actual is at least the plan
Debt	The linked transaction, otherwise payments on the linked debt this month	Paid at least the plan
Fixed expense	The linked transaction, otherwise an expense for the same amount (on the same day and in the same category, if set)	An expense is found
Category limit	All of the month’s expenses in the category	No status, only “within limit” or “overspending”

Shared group accounts: members’ spending on your shared accounts counts, while your spending on other people’s shared accounts doesn’t go into the plan. The plan itself is personal: groups don’t have a shared plan.
Debts in another currency are converted at the current rate.
Rows without a date are never overdue, but after the month ends, an unfinished row marks the plan as “with issues”.

Step 10

Managing the plan

Plan actions are in the “⋯” menu in the plan header and under the + button.

✏️
Edit
The same wizard with the steps already filled in.
📑
Duplicate
A copy for another month: income, debts with their links, fixed expenses, limits. Dates move to the same days of the month.
🗓️
Change period and New plan
Switch to another month or make a plan for an empty month. One plan per month.
📊
Budget overview
“Finance” analytics for the plan’s month.
➕
The “+” button
“Expense” and “Income” create regular transactions, “Add to plan” adds a plan row.
🗑️
Delete
Deletes the month’s plan. Transactions in your wallet stay.

🔕

There are no separate notifications for plan dates. The morning briefing on Main reminds you about the day’s payments, and debts have their own reminders in the “Debts” section.

Step 11

Limits and PRO

Creating a plan requires a subscription. You can always view and delete a finished plan.

👀
View the plan, overview and calendar
Any month, including after your subscription ends.
Free
➕
“Expense” and “Income” from “+”
Regular wallet transactions.
Free
📋
Create, edit, duplicate
Plus “Add to plan” and editing rows.
PRO
👆
Transaction from a planned row
Tap a row in the calendar. Free in the web app.
PRO
🤖
Plan with the assistant
The assistant will make a plan or add rows.
PRO

XP: 10 points for a new plan and 2 for each row, up to 200 per month. Duplicating counts as a new plan.

FAQ

Why didn’t an expense close a fixed expense row?

The amount has to match exactly, and if the row has a date and category, those too. The easiest way to close a row is to tap it in the plan calendar: a transaction is created and linked to it.

Why does the plan show all income as already received?

A source without categories counts all of the month’s income. Give your sources income categories, and each one will only collect its own payments.

Why didn’t an expense reduce “Left”?

“Left” only counts debts, fixed expenses and categories with a limit. Set a limit on the category, and its spending will start counting.

How do I carry a plan over to next month?

“⋯” → “Duplicate” and pick a month. The wizard opens with a copy: adjust the amounts and save.

Does family spending on a shared account count?

Yes, if the account is yours: group members’ spending on it goes into the plan. Your spending on other people’s shared accounts doesn’t go into your plan.

Can I make two plans for one month?

No, it’s one plan per month. To start over, edit it, or delete it and create a new one.

What happens to my plan when PRO ends?

It stays: you can view the overview and calendar, and delete it too. You’ll be able to create and edit plans again after you renew.

Plan the coming month

Start with income and fixed payments, and add limits for your two or three main categories. Fine-tune the rest in a week.

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How the plan works

Income

Loans and debts

Fixed expenses

Variable expenses and limits

Plan summary

The Overview tab

Plan calendar

How the plan is compared with what actually happened

Managing the plan

Edit

Duplicate

Change period and New plan

Budget overview

The “+” button

Delete

Limits and PRO

View the plan, overview and calendar

“Expense” and “Income” from “+”

Create, edit, duplicate

Transaction from a planned row

Plan with the assistant

FAQ

Plan the coming month