I'm using Track My Spending, how do the allowances work?
You can have one allowance for each of your chosen categories and you’ll need a timeframe for each allowance to measure the period of time you’re tracking and so you know how long before it starts again.
You can choose weekly, fortnightly or monthly. All allowances for a particular timeframe will start and end on the same day.
How is the average calculated?
The average for an allowance is based on the money 'in' and 'out' in that category back to your oldest transaction in Track My Spending (up to 12 months ago).
What happens when I go over my allowance, is my spending restricted?
No. My Allowance provides a view of your spending but does not restrict you in any way - you’re still able to spend as usual.
Where do I find the start and end date for an allowance?
Here’s how to see that:
- Under Manage My Allowances, select the View Progress page and hover your mouse over the ‘days to go’ for an allowance. You’ll see a description showing the start and end date.
Why does my allowance show a negative dollar value spent?
This happens if your category has more money in than out. A common example of this might be a refund.
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