Types
Every account has a type. The type tells the app how the account behaves: whether it's money you budget, a debt you're paying off, or a balance you only want to keep an eye on. You pick it when you create the account (Accounts › New account › Account type).
Checking
Everyday transactions like receiving your salary and paying bills.
Example: the bank account your pay goes into and your debit card spends from.
Savings
For saving over the long term. Link a category to the account to set money aside for it and follow your progress towards a goal.
Example: an emergency fund or a holiday savings account.
Investment
Grow wealth over time: for future goals and investments that are part of your budget. Like savings, you can link a category to it.
Example: a brokerage account you pay into every month as part of your plan. To follow investments without them affecting your budget, use Off budget instead (see Tracking investments).
Credit card
Buy now, pay later, and keep on top of it. When you add a credit card, you choose a Payment strategy (pay the balance in full, pay it over time, or handle it your own way) and the app creates a category to set money aside for the next statement. Credit cards get an Add payment action and a debt calculator. See Credit cards.
Loan
A general-purpose account to keep track of loans such as a mortgage, car loan or student loan. When you add one, you enter the Loan balance, Annual interest rate, Payment frequency, Compounding and payment amount, and link a category for the repayments. You can also add an Extra payment to see how much interest and time it saves. See Large debts.
Cash on hand
Keeping cash around? Track the physical cash in your wallet or at home, and what you spend it on.
Example: the cash you use for coffee, markets or small purchases.
Off budget
An untracked account: keep tabs on shares, investments and other balances, and stay organised without affecting your core budget. Its balance counts towards your net worth but not towards the money you budget. Off budget accounts don't take transactions; update them with Adjust balance.
Example: a retirement fund or a share portfolio you check once a month.
Changing an account's type
You can switch an existing account between Checking, Savings, Investment and Cash on hand: open the account, tap the ⋮ menu and choose Account type. Credit card, loan and off budget accounts keep the type they were created with.