Start with the income that arrives each month
Record the pension or other regular income for the month, along with the account it was credited to. The plan then shows how much is needed for fixed costs and how much remains.
Plan for medicines and health costs
Medicines, doctor visits and health insurance premiums can change from month to month. Keep a separate category for health and check its total at the end of each month, so one bad month does not surprise the whole plan.
If you want advice on pensions, investments or insurance, speak to a qualified financial advisor. budgetbaba helps you record and see your own numbers.
- Pension and regular income in one place
- Medicines and health as a separate category
- Fixed bills planned first
- Family members can help with the entries
Questions people ask
Can a family member enter the numbers for a parent?
Yes. Anyone with the login can add entries. Keep the password private within the household.
How do I plan for medical costs?
Set a monthly amount for health in its own category, and keep a larger buffer for unexpected costs.
Does budgetbaba give financial advice?
No. It helps you track your money. For personal advice, speak to a qualified financial advisor.