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What happens to money above my stated income?

Your budget is based on your planned minimum monthly income. When you receive more money than this, e.g. from bonuses or overtime, this "extra" money will be added to savings as follows:

  1. First we'll try to top up savings that are behind your target, to keep you on track.
  2. The remainder will be saved to your unexpected costs savings. You can then move this into other savings or withdrawn as needed. 

We do this because it's best to withdraw money when you need it - rather than have it sitting there in your account burning a hole!

You can change the savings pot extra money goes into by clicking on the "add/edit income" link on the home page of the app and change the pot as shown below.