What is a Budget?

A budget is a projected sum of spending within a certain category and time range.

Budgets are useful for setting monthly spending goals (like reducing spending on shopping), monitoring your progress, and maintaining a healthy cash flow picture so you can consistently have enough money to pay your bills, save for the future, and spend on things you need.

Mint displays your spending in each category (e.g. Groceries) along with the budget you set to show you if your spending is on track. You can create a budget, edit a budget, and delete a budget.

Here are some other things to keep in mind:

  • Make sure your transactions are correctly categorized. For example, your Groceries budget will only include transactions labeled with the Groceries category.
  • You can’t create or edit budgets for past months.