Getting started

Welcome to Decent Budget guides! This website will explain all Decent Budget features in detail. You can select topic of interest on the left menu, or use search at the top of the page. You can also contact us directly if you have any questions or need any help.

Table of contents

  1. About Decent Budget
  2. Which bank accounts should I track?
  3. Types of funds
  4. System requirements

About Decent Budget

Decent Budget is a personal finance and budgeting application. It was built not only for more comfortable way to do budgeting, but it also introduces a different way to treat your personal finances. These are build on these core principles:

  1. Always use last month’s income for your expenses. This is a cornerstone of successful budgeting—always spend less than you earn. Focusing only on last month’s income is the simplest way to do that.

  2. Enter every transaction by yourself. While integration with your bank is more convenient, it doesn’t help to get a grip on your finances. Even worse—it’s a ‘set it and forget it’ solution that has no direct impact on your spending. Decent Budget is not convenient by design: it should be cumbersome to frequently add transactions because it constantly reminds you about your financial situation and forces you to think two steps ahead when making financial decisions.

  3. Compare your progress over time. Decent Budget compares expenses in places where it makes sense. It’s really powerful to see, for example, that you spent more this month so far compared with last month on the same day. This immediate feedback is actionable and gives you an opportunity to balance out your spending through out the month.

  4. Budgeting is about making trade-offs. Budgeting only works with constraints: when we need to spend money outside of what we originally planned, we need to have give something up in return.

Which bank accounts should I track?

Because in Decent Budget you enter all your transactions by yourself, you need to decide which of your bank accounts to track in Decent Budget. We recommend picking no more than three bank accounts, because using many bank accounts might create too much work adding transactions and doing reconciliation.

Select those bank accounts that you use for every day things—buying food, paying bills and so on. You’ll be able to transfer funds from your Decent Budget-tracked bank accounts to untracked ones using transfer transactions.

Types of funds

There are three types of funds in Decent Budget: budget funds, vault funds and reserve.

Budget funds are those funds that we assign to a budget in the beginning of the month. These funds will be used for most of your day-to-day expenses.

Vault funds are funds kept in vaults for future expenses. For example, you can save up money for your summer vacation and take them out once your vacation starts.

Reserve are funds that are not assigned for anything. Reserve funds are used to fill budgets and vaults when creating a new budget every month.

To ensure that you’re not spending more than you planned, reserve funds shouldn’t be used for any expenses without going through budgets or vaults. Any unbudgeted expenses should be offset by withdrawing funds from your budget (see budgets section for more info).

System requirements

To use Decent Budget you only need a web browser. We currently support:

Other browsers might work as well, but we do not officially support those.