How to Track and Manage Savings

In the Budget tab, you’ll see a Savings section. This is where you can set your savings goals.

💸Transferring to Savings

• When you move money to your savings account, Billroo will usually automatically label it as a “Transfer.”

• To make sure it counts as savings, re-categorise it to “Savings.” Our auto-categorisation should remember this and categorise similar transactions as “Savings” automatically in the future. 

• This will ensure it’s not counted as income or spending, but instead shown under your Savings Summary

The Savings function is designed to represent money going out of your main account into a Savings account. When you record these transactions, the amounts should be entered as negative values. This way, the app will reflect them as positive progress in your savings overview. If they are appearing as positive, add a minus symbol at the start of the number.

If you already have an existing savings balance, you can make a one-off transaction in Billroo to show your starting savings amount. Simply enter this as a negative transaction in the relevant savings category. 

🎨Understanding Colours

• Savings transactions don’t appear as red or green like income (green) or spending (red).

• Once a transaction is labelled as “Savings,” it gets tracked separately in the Savings Summary section, not in your regular budget categories.

🛍️Spending from Savings

• If you later use your savings to make a purchase: Billroo will treat it as a regular expense when it happens.

• Just make sure you categorise the purchase properly (e.g. “Shopping,” “Travel,” etc.).

• This spending will be reflected in the period when it occurs, so your budget stays accurate.

📊Review Your Savings

• Go to Overview > Savings Summary to see how your savings are tracking.

• This section shows all transactions marked as “Savings,” separate from income and spending.