💡 Setting up your budget only take 2 minutes. You’ll need to sign up, log in and connect your bank first.

Whether you have a monthly or salary budget, the budget tool gives you a spend limit that tells you what you can afford to spend in that budget cycle. It calculates this by looking at any income and subtracting upcoming bills or subscriptions. Your spend limit is also broken down by day, if you're into that sort of thing.

Want to take it a step further? Add category limits so you can really target your spending trouble areas.

You'll get notifications whenever a new budget starts. You will also see your top spends and habits from the last budget cycle, helping you thrive in your next budget.

To set up your first budget, either head to the Budget tab in Spend or just type "budget" in Ask Cleo and follow the instructions.

It’s recommended you use the bank account you get paid into and do most of your spending from. You can also connect to more than one bank (the more the better)! Cleo will work her magic and start identifying what transactions do what in the background

If don't have a budget yet, go to the Spend and find Budget. Under "Next steps", tap on each step to start customising your budget:

Add income – select your latest pay cheques so Cleo knows when you get paid

Confirm bills – check your bills and subscriptions are correct to track what’s coming out

Set spending limit – set a spend limit to tame the overspending beast.

Customising these steps will unlock your "left to spend" and "left per day" amounts

Setting a spend limit is the bit that makes this whole thing come together. It creates a set amount to spend per day. Set your spend limit yourself, or get one suggested to you based on recent spending.