Personal budget software for the rest of us


Tutorial: Accounts

The first thing to do when you start Buddi for the first time is to create your accounts. In general, an account in Buddi is a location where you either store or owe money. The sum of the money in all accounts is your net worth. A few examples of accounts in Buddi may be your Savings account at the bank, your credit card, the money in your wallet, or an investment, like a GIC.

Options which you can use when creating a new account

To create an account, make sure that you are in the My Accounts tab, and click on the Edit → Create Account menu. Enter the name, the type, and the starting balance. The name can be whatever you want, but must be unique - you cannot have two accounts named "Money", for instance. The starting balance should be the amount which you currently have in this account: for instance, the total on your last bank statement, or the amount of money currently in your wallet.

Finished setting up three accounts: Savings, Chequing, and Credit Card

For our example, we will be creating three acconts: ACME Savings, Road Runner Chequing, and a Wile E. Credit Union Credit Card. After creating them, you should see something like the screenshot. Note that you can expand the categories (e.g. Savings) to see the accounts of that type listed underneath.

If you look at the bottom of the screen, you can also see your current net worth. This is calculated as the sum of all accounts (the 'credit' accounts, such as Credit Card, Loan, etc, count as a negative amount).

Next Step: Creating Budget Categories