You can update or delete any income or expense budget from the Money Tank dashboard. Here’s how.
Step 1. Open Manage Budgets
On the Money Tank dashboard, select Manage on either the Income Budget tile or the Expense Budget tile. This takes you to the Manage Budgets page.
Step 2. Find the budget
Use the filters at the top to search by date range, tank type, personal, or a specific property or business.
You can also use the column filters to narrow it down even further.
Step 3. Edit or delete
When you’ve found the budget you want to change:
Select the pencil icon to update the details, or
Select the bin icon to delete it.
Changes update straight away and flow through to your Budget vs Actual graph and Variance Report.
That’s it. Managing your budgets stays quick and easy.
FAQs
Q: How do I update my Money Tank income budget when my salary increases?
A: To keep your previous months accurate, add a new income budget entry using the date your salary increase takes effect.
Editing the existing budget amount will apply the new amount to the entire budget period, including earlier months. Creating a new entry with a new start date allows Money Tank to retain your previous salary amount for the earlier months and use the increased amount moving forward.