NEW ! How to set a budget with every dollar app FULL TUTORIAL

Setting a Budget with the Every Dollar App

Welcome to Fleet Tech! In this guide, we’ll walk you through how to effectively set a budget using the Every Dollar app. Let’s dive straight in!

Step 1: Log In and Select the Month

Start by logging into your Every Dollar account. Upon entering the app, you’ll see the main interface. Your first task is to select the month for which you want to set a budget. With April coming to a close, let’s choose May 2025. Click on "Start Planning" to proceed.

Step 2: Enter Your Income

The first section you’ll encounter is the income for May. Here, you need to enter the total amount of income you expect for the month. For this example, let’s input $1,000 in the income field. This amount will be reflected in the "Received" section.

Step 3: Set Your Giving Amount

Next, it’s time to allocate a portion of your budget for giving, such as charity contributions. A reasonable range could be between $5 to $10. Choose an amount that aligns with your values and goals.

Step 4: Allocate Your Savings

Saving is crucial for financial stability. In this step, you can set aside funds for an emergency fund. Adding $100 or $200 here is a great start. Once you’ve entered your chosen amount, you’re on your way to building a safety net.

Step 5: Budget for Housing

For the housing category, you’ll need to account for various expenses such as rent, water bills, and natural gas. Start by inputting your rent amount, followed by the estimated costs for utilities like water and gas. Enter the expected costs so you can manage your finances effectively.

Step 6: Transportation Costs

Next up is transportation. If you have expenses related to gas or vehicle maintenance, make sure to account for these. Input the estimated amounts to ensure your budget covers all necessary travel expenses.

Step 7: Food Expenses

Food is another fundamental budget category. Here, you can separate your grocery budget from dining out. For this example, let’s allocate $50 for restaurant visits.

Step 8: Personal Budget

In the personal budget section, consider expenses related to clothing, phone bills, and subscriptions. For instance, you might allocate $20 for phone expenses and $50 for a Netflix subscription. Be sure to include any other subscriptions you may have.

Step 9: Lifestyle and Health Budgets

Scroll down to find the lifestyle category, where you can allocate funds for pets, entertainment, and childcare. For health expenses, consider gym memberships, vitamin purchases, and doctor visits; include these in your budget as well.

Step 10: Insurance

Finally, don’t forget to budget for insurance. This could include health insurance, life insurance, and any other relevant policies. Make sure to incorporate these necessary costs into your budget.

Conclusion

You’ve now successfully set up your budget using the Every Dollar app! With all your categories filled out, you’re well on your way to managing your finances more effectively.

If you have any questions or need further assistance, feel free to leave a comment below. Don’t forget to subscribe to our channel for more financial tips and advice. Thank you for reading!