Boney: Simplify the Management of Your Budgets with Ease
Boney is a modern app designed to simplify financial management, whether for personal or shared expenses. With a logical progression, discover how Boney meets your financial needs step by step.
1. Track Expenses by Budget
The foundation of financial management starts with clear and precise expense tracking. With Boney, you can create specific budgets for each category and log all your transactions.
Example:
You want to manage your grocery expenses. Create a "Groceries" budget and add each purchase as you go. Instantly, you can see how much you've spent and how much remains in your budget.
2. Global Overview of Spending Progress (Monthly and Annual)
Boney provides an overview of your finances with both monthly and annual views, allowing you to anticipate short- and long-term expenses.
Example:
At the start of the year, you set a total budget of €12,000 for personal expenses (€1,000/month). Boney allows you to see, month by month, how much of your budget has been used. By mid-year, you notice you've already spent 55% of your annual budget, helping you adjust your spending to stay on track.
3. Plan and Repeat Recurring Expenses
Anticipate your financial commitments by scheduling recurring expenses, such as subscriptions or bills.
Example:
You have a Spotify subscription costing €10 every month. Schedule this expense so it's automatically added to your monthly budget without the need to log it repeatedly.
4. Charts and Analysis by Budget
Understanding your spending habits is key to improving financial management. Boney offers clear charts and detailed analyses for each budget.
Example:
You review your "Leisure" budget and notice that 60% of your monthly spending goes to outings. This insight helps you reassess your priorities and make adjustments if needed.
5. Share Budgets to Group Expenses from Multiple Contributors
When expenses are shared among several people, Boney simplifies collaboration by allowing shared budgets.
Example:
You’re planning a trip with friends. Create a shared "Italy Trip" budget where everyone can add their expenses (accommodation, transport, meals). The entire group can track spending and see the overall budget progress.
6. Automatic Debt Calculation
No more complex calculations to determine who owes what to whom. Boney handles it all for you.
Example:
After a weekend with family, each person has paid for different expenses. By logging these in a shared budget, Boney automatically calculates that you owe €20 to your brother, while your cousin owes you €15, simplifying the process.
7. Global Debt View Across All Budgets
When managing multiple shared budgets, Boney consolidates debts and credits to give you a clear, precise view of your financial situation.
Example:
In a "Roommates" budget, your roommate owes you €50. In another "Shared Gift" budget, you owe them €30. Boney calculates that they still owe you €20 overall, simplifying repayments.
8. Proportional Expense Management
For situations where expenses aren’t shared equally, Boney allows you to split costs based on customized proportions.
Example:
During a dinner, some friends ordered more expensive dishes. With Boney, you can split the bill fairly based on what each person consumed.
9. Notifications and Alerts
Receive alerts for upcoming payments or when your spending exceeds a defined threshold.
Example:
Set a notification to alert you if your "Shopping" budget exceeds €300. This helps you stay in control and avoid overspending.
10. Import and Export Data
For advanced financial management, you can import or export data from Boney to another tool.
Example:
You want to analyze your expenses in Excel for a specific period. Export your data from Boney and manipulate it easily in your preferred software.
Conclusion:
With Boney, financial management becomes simple, intuitive, and collaborative. Whether you’re an individual looking to better control your expenses or a group managing shared projects, Boney provides the tools you need. Download Boney today and take control of your finances.
