Account types, one by one
Every account has a type. The type says what the account is and whether its money counts in the budget. You can change it at any time: the transactions stay and the balance does not change.
What each type says
- Current account. Your salary and everyday payments.
- Savings. Money set aside, with or without interest.
- Cash. Notes and coins you carry or keep at home.
- Meal vouchers. The meal vouchers you get with your salary.
- Purse. An electronic purse you top up from another account.
- Prepaid card. A prepaid card with the balance you loaded.
- Wallet. A digital wallet with its own balance. A digital account with its own balance. Another digital wallet.
- Credit card. Spend now and pay later: the balance is what you owe.
- Line of credit. An agreed overdraft limit.
- Mortgage. The home mortgage: the payment is a transfer.
- Loan. A financing to pay back in installments.
- Other debt. Any other money you owe, with a balance.
- Stocks and securities. Stocks and funds, with the value updated by hand.
- Pension fund. Shown separately in your net worth.
- Property. A house or land, in your net worth.
- Vehicle. Car or motorbike, in your net worth.
- Other asset. Any other asset with a value.
An example with the November numbers
On 5 November you spend €140.00 with the credit card: the card balance goes up by €140.00 because it is a debt, and your accounts do not change until you pay the card. On 12 November the electricity bill, €110.00, leaves one of your accounts: the balance of that account goes down by €110.00.
Edge cases
- Changing type. The transactions stay and the balance does not change. If the new type is outside the budget, check the money in your envelopes again.
- A negative balance. A mortgage or a credit card with a negative balance is read as a debt.
- Closing the account. To close it the balance must be zero.
Where to see it in the app
On a computer, open Accounts and choose the account: with Edit account you can change its type.