Budgets help you track spending in different categories, like food, travel, or entertainment. You can create as many budgets as you need and assign expenses to them to see where your money goes.
Create a budget
Go to Summary
Under "Wallets", tap Edit
Tap Add and choose New wallet
Give it a name
Tap Add
If it's your first wallet, confirm if you want to add all current expenses to it
Notice
Gem 3.7 users:
Go to Summary
Tap and choose New account
Give it a name
Tap Add
Confirm if you want to add all current expenses to that wallet
Edit budgets
If your spending habits change, you can easily edit your budgets to adjust amounts, rename categories, or set new timeframes.
Go to Summary
Tap on the wallet
Tap Edit on the top-right to change these details:
Name & appearance: Below the wallet name, tap "Edit" again
Period: Select a duration to view the wallet's balance
Filter accounts: Enable it and choose specific wallets to include in the balance calculation
Tap Update
Tip
Wallets offer many ways to organize expenses.
Purpose: Mandatory expenses like bills, ongoing expenses like food
Payment method: Credit card, cash, bank account
Accounts: Credit card, cash, bank account
You can rename "Wallets" to "Accounts" or anything else: Go to Settings>Wallets> Tap the button on the top-right > Tap Manage, then Wallets and edit the name
Pin budgets
You can rearrange your budgets in the Summary view, putting the most important ones on the top.
Go to Summary
Tap the Edit button next to the Expenses title
Touch and hold the budget you want to move, then drag it to a new location
Set favorite budgets
If you add most of your expenses to a single budget, like a primary credit card or budget, Gem can automatically choose this budget for you whenever you create new expenses.
Go to Settings >New items
Under Favorites, tap Keep expenses in...
Choose a budget
Tip
Traveling? Create a new budget (or budget) for it, like "NYC 2024", and set it as your favorite budget. Just don't forget to change it when your trips ends 🥸
You can also set favorite income category, just look for Keep income in...
Calculation
Budgets automatically calculate how much you’ve spent, how much is left, and whether you’re going over. This helps you stay on top of your spending in real time.
Gem can include your income and/or transfers when calculating your expenses.
For example, when you spend $50 and receive $30, your total spent will be $20.
Go to Summary
Tap the button on the top-right corner
Tap More options
Under Budget calculation, enable Include income and/or Include transfers