This topic describes information about Budgets. The user can track the progress of budge by using this screen.

A budget enables the user to set a virtual cap over expenditures. It is the key, the essential ingredient in taking command over one’s money. Setting a budget, and sticking to it for a long term, can help to cut down a user’s unwanted expenses and thereby enabling him to create wealth.

The Budgeting tool enables a customer to track the progress of budget as well as to create, modify or even delete an existing budget. It enables users to set a limit on various spend categories. Over a period of time user can then observe and analyze the status and progress of expenditures against the budgeted value. Users can further set the periodicity of budget, that is, whether they want it for the current month, a period of months or on a recurring basis, while the frequency is set as monthly. This can be created for new customized user defined categories as well. Once created, users can adjust the budget as per the spending pattern, thus ensuring maximum savings.

Pre-requisites:

• Transaction access is provided to retail user.
• Accounts are maintained in the core banking system under a party ID mapped to the user.

• Budgets
  This topic describes the systematic instruction to Budgets. The user can view the budgets and track the progress with this screen.
• Budget Overview
  This topic describes the systematic instruction to Budget Overview. Using this option, the user can view the details of the selected budget.
• Add Budget
  This topic describes the systematic instruction to Add Budget. The user can set a budget for a particular period in this screen.
• Edit Budget
  This topic describes the systematic instruction to Edit Budget. Using this option user can modify the budget.
• Delete Budget
  This topic describes the systematic instruction to Delete Budget. Using this option user can delete an existing budget.