How to Create a Monthly Budget in MoneySpaces

A monthly budget Space works when everyone uses the same scope and entry rules. It records income and expenses; it does not connect collaborators' bank accounts or move money.

1. Define the budget

Agree on:

• reliable take-home income included;
• shared expenses included;
• costs that remain personal;
• who records recurring bills; and
• the review and reset date.

If two partners contribute €1,000 and €1,500, the starting planned income is €2,500. Do not include uncertain income until it arrives.

2. Create and share the Space

Create a Space such as “Household — August 2026.” Invite the intended members through its sharing controls, then add a harmless test entry and confirm it appears for everyone.

The screenshot predates the current Liquid Glass redesign. Use Settings → Tutorials in the app if a control has moved.

3. Enter the plan consistently

Add the agreed income, then record expenses once as they occur. Use a stable tag set such as Housing, Utilities, Food, Transport, and Fun.

With €2,500 of income:

This is an example, not a required allocation. Your plan must reflect actual income and obligations.

4. Review the balance

Each week, check missing or duplicate entries, upcoming costs, and the remaining balance. A positive balance means money remains in this record; it does not prove the same amount is available in a real bank account unless every relevant transaction is included.

At month-end, reconcile the Space with your source records, document corrections, and agree on how any remaining or overspent amount affects the next period. Verify the current rollover behavior in the app before depending on it, because budgeting behavior can change between versions.

If you need category-level automation, bank imports, goals, and a full shared MoneyCoach dataset, compare this workflow with MoneyCoach Family Sync.