Managing your wealth with Buddi Day 4: Create budgets

The other thing also important in managing your wealth is setting your budget, your spending limit. It used to be easy since there is no credit card, or it would be easy for people not using credit card since the limit is the money available in your hand. However, it is also no good. We need to set the budget for our expenses, so that we do not waste our money on something useless. In some cases, unpredictable emergency expenses also need to be allocated. Finally, they are depending on yourself as the manager to manage the budget. In Buddy you can create budget as follow:

1. Run Buddy, navigate to "Budget" tab and click on Edit -> Create Budget
2. You can create category of your budget here. In addition, you also can create subcategory of a category, see the sample below:



























3. Finally your budget summary is below:















That's it for today.

Managing your wealth with Buddi Day 3: Create account

After finish with setting the environment, we should make some accounts first. This accounts are important so that we can withdraw the money from.

1. Run Buddy.
2. Click on Edit -> Create Account. new window will appear.
3. Make an account of type Cash, for example name it as wallet.















4. Also input other type of accounts you have, such as Investment or Savings.















5. Finally, you will have all of your accounts in Buddy as below.
















Next day, we will see how to create budgets.

Managing your wealth with Buddi Day 2: Setup the environment

Printing out my account books is taking time. Beforehand, I also want to setup the environment. The setting would involves date and currency format. Navigate to Edit -> Preference -> Locale:

1. Setting date: I choose to use "dd MMMM yyyy", you can create anything you want with the combination of d, M and y.















2. Setting currency: I put "Rp" here. [See suggestion below]















3. Final setting.















Suggestions:
I would ask a feature which is a capability to enter other currency including the exchange rate since some people have some accounts in different currency.


That's all for today.

Managing your wealth with Buddi Day 1: Installation day

Have you ever notice how much have you been spent monthly on shopping? or how much have you been spent on food? If not, then you need buddi. I read the review of buddi on Info Linux (Indonesian open source magazine). I think I will try this to see my spending. I used to be using Excel. It was good but I was too lazy to update it. Anyway, let's try it:

1. Download buddi from its website. It is available for Windows, MacOS and Linux. The main reason why I want to try this is that buddi is developed using Java. I choose to try this on Windows 7 RC, so I download the Windows version.

2. After finished download it, run the installer. It is very easy, just run it and accept all default values.

3. Buddi is now already installed on my Windows 7 machine. Run Buddi, you will be welcomed with "Make a donation" page, simply click on "Not now" (please make a donation if you think it is helping you. Disclaimer: I am not having any kind of relationship with this product or the eprson behind it. Just think that it would be nice to encourage the developer in maintaning and further developing this product).

That is for now, today I will check all of my bank accounts so I can input my "wealth".