Summary
Nance tracks your spending against a budget by mapping every categorized transaction to its respective budget and updating usage automatically in real time.
How This Works in Nance
Budgets in Nance are category-driven, so tracking happens automatically based on how your transactions are categorized.
1. Category → Budget Mapping
- Each budget is tied to a specific category
- When a transaction is assigned that category:
- It is automatically counted toward the budget
2. Continuous Tracking
As transactions come in (via sync or manual entry):
- Nance updates:
- Total spent in that category
- Remaining budget
- Usage percentage
This happens through the automatic refresh system (no manual refresh needed).
3. Real-Time Budget Status
For each budget, you’ll see:
- Spent vs total budget
- Remaining amount
- Progress indicators (how close you are to the limit)
4. Recurring Budget Behavior
- If the budget is recurring:
- It resets automatically at the end of the cycle (weekly/monthly)
- Tracking starts fresh for the new period
What Gets Counted
Included in budget tracking:
- Bank transactions
- Credit card transactions
- Cash transactions (if manually added)
All are unified under the same category system.
Important to Know
- Accurate categorization is critical—wrong category = wrong budget tracking
- Self-transfers are not treated as expenses, so they don’t inflate budgets
- There is no manual adjustment—tracking is fully automatic
You set the limit.
Nance watches every rupee against it.