How Do I Set My Budget

Log in to the SILOSS App

The user logs in to the SILOSS app on their mobile device.

Access Budget Tracking Features

The user navigates to the "Budget Tracking" section within the app.

Set Budget Limit

- If the user chooses to set a budget limit, they select the option within the app to set a budget for a specific expense category.

- The app prompts the user to enter the budget amount and the time frame for the budget (e.g., monthly, quarterly, annually).

Track Expenses within the App

- The user records their expenses within the app or uploads receipts to track spending.

- The app automatically calculates the total spending within the selected expense categories.

Visual Representation of Spending

- The app provides a visual representation, such as a progress bar or charts, showing spending against the set budget limit.

- This visual representation helps users monitor their spending habits and stay within their budgeted amounts.

Receive Notifications for Budget Status

- The app sends notifications or visual alerts to indicate the spending status if the user exceeds or approaches the budget limit within a specific expense category.

- These alerts help users stay informed about their spending and adjust if necessary to stay within budget.

View Budget Reports

- The app also generates budget reports, including spending summaries and trends, to provide users with insights into their financial habits.

- Users can access these reports within the app to review their budget status and make informed financial decisions.

Adjust Budget Settings (Optional)

Users can revisit the budget tracking section to adjust budget limits, add new expense categories, or modify existing budget settings if needed.

Monitor and Manage Budget

Users can continuously monitor their spending against the set budget, adjust as needed, and use the app's budget-tracking features to manage their finances effectively.