Types of budgets supported in TimelyBills

TimelyBills supports a wide range of budgeting options to suit individual and group financial planning needs:

1. Personal Budgets

   • Can be set for different time periods: weekly, bi-weekly, monthly, bi-monthly, yearly, or any custom date range.

   • Budgets can be created for specific categories, multiple categories, individual accounts, or across all accounts.

   • Users can customize each budget with a name, icon or picture, set spending alert thresholds, and choose to enable or disable alerts either globally or for individual budgets.
     
     

2. Group/Family Budgets

   • Offers the same flexibility as personal budgets but is shared among group members.

   • All members’ expenses are combined to track the group's spending progress and receive alerts.
     
     

3. One-Time Budgets

   • Available for both personal and group use, ideal for special events like vacations, weddings, or short-term projects.

   • These budgets are active for a fixed time frame and come with the same customization options as recurring budgets.