Setting a Budget

Moneydance’s Budget Manager helps you set and change budgets. To access the Budget Manager, select Tools -> Budget Manager from the toolbar.

The name of the budget you are working with is displayed at the top left of the Budget Window. To rename a budget, click the Change Name button and type in a new name. You can track up to 10 different budgets simultaneously.

Moneydance can automatically calculate an initial budget for you based on your transactions during any time period that you specify. To automatically calculate a budget, simply press the Calculate button. The Budget Manager will ask you to input the date range you would like to use to calculate your budget. Input the appropriate dates and click OK. The information will be put into the currently selected budget.

To set a budget manually, use the Budget Manager to specify the expenses or income you expect for each given category and the time interval in which you expect the expenses or income to occur. The budgeted amount for each income or expense category can be modified by clicking in the column to the right of the account type and entering an amount. The budgeted amount for expense categories indicates how much you plan to spend in that category in the given time interval. The time interval can be Monthly, Weekly, Quarterly or Yearly.