Funding Statuses

Kualia's Funding Statuses

When reviewing your budget from the Budget page you'll get a view of all your categories in one place. Each category will have their own Status depending on how your spending and funding has gone for that category so far in the month. The statuses a category may have are:

Underfunded Categories

Pretend every month you set aside $350 for groceries… using our methodology you’ll need to “assign” (or add money to the envelope) so that you can pull money from it throughout the month and spend against the category! If a category has not been funded, it will show up with a grey progress bar.

Overspent Categories

Now, imagine you assign $350 to the envelope, but at the end of the month you end up spending $50 more than you budgeted for. To pay for that $50 extra you left yourself an IOU in the envelope. Categories that are overspent will show up as “overspent” with a red progress bar until you assign more money (think of this like paying back the IOU you left yourself in the envelope).

On Target Categories

Lastly, if you added $350 to the groceries envelope and you’ve only pulled $200 from it, that category will be considered “on target” meaning you’ve still got funds available in the envelope to pull from! On target categories will show up with a green progress bar.