Articles on: Budgeting

Set-up your budget

Setting a budget tells Emma how much you want to spend over a given time period.

Follow the steps below to set up your budget:

Go to the Feed tab in Emma.
Scroll down until you get to the Budgeting & Analytics section.
Select Set up budgets.
Choose how you'd like to create your budget:

Create your own budget – Start from scratch and enter your own budget amounts.
Auto-create budget – Emma will analyse your spending from the last 3 months and suggest a monthly budget and category budgets based on your average spending.

Set your period – this tells Emma the time period you want your budget to run for.
Set your category budgets – these help you keep track of spending for specific areas.
Select Continue, and you're done! You should now have your budget up and running in Emma.

Note: Savings, spending on investments, and credit card repayments should not be included in your total budget.

Helpful Guides

Why does Emma use 3 months of spending data?

Spending can vary from month to month. By looking at your last 3 months of transactions, Emma can provide a more balanced and realistic budget suggestion, rather than relying on a single month that may include unusual or one-off expenses.

These figures are only recommendations. You can review and change any suggested budget amount before saving it.

Need further assistance? Let us know via chat! 👋

Updated on: 18/06/2026

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