Budget5S

Budget5S is an application that focuses on personal financial management. It adopts the **5S management concept **(sorting, rectifying, cleaning, cleaning, and literacy) to help you: The default currency symbol is Euro, which does not affect usage. - ** Clear understanding of all account balances ** - ** Reasonable allocation ** Monthly budget - ** Scientific planning ** Savings goals - ** Detailed record ** Each income and expenditure - ** Real-time view ** Financial status Before using Budget5S, understand three core concepts: ### 1ˇ Account ** Definition **: The source or location of your funds ** Type example **: - Bank savings account - Cash wallet - Credit card account - Alipay/WeChat Wallet - Investment account ** Role **: - Record the initial balance for each account - Track changes in account balances - View total asset distribution ** Usage scenario **: ``` Example: - ICBC Savings Card: Initial balance ¥10,000 - Cash wallet: initial balance ¥500 - Alipay: Initial balance ¥2,000 ``` --- ### 2ˇ Budget bucket ** Definition **: Budget amounts set for different expenditure categories ** Type example **: - 🍜Dining - 🏠Rent, water and electricity - 🚗Transportation - Entertainment and leisure - Shopping consumption - Study and further study ** Role **: - Set monthly budget caps - Control various expenditures - Avoid overspending ** Flexibility **: - ** Fixed budget **: If rent is ¥3,000/month (must be reached) - ** Flexible budget **: For example, catering ¥1,500/month (flexible adjustment) - ** No limit **: There is no limit for certain categories ** Usage scenario **: ``` Example: - Rent, water and electricity: ¥3,000/month (fixed) - Dining: ¥1,500/month (flexibility) - Transportation: ¥800/month (flexibility) - Entertainment and leisure: No limit (flexible) ``` --- ### 3ˇ Vault ** Definition **: Savings plans set for specific goals ** Target type **: - ˇTravel funds - Marriage fund - Down payment for house purchase - Car purchase fund - Education Fund - 🏥Emergency reserve fund ** Two models **: #### A. Monthly quota model - Set a fixed monthly savings amount - Don't care about the total target amount - Suitable for long-term savings habits ``` Example: Emergency fund - Monthly savings: ¥1,000 - Overall goal: No restrictions - Purpose: Establish financial security mat ``` #### B. Target amount model - Set specific target amounts - Automatically calculate monthly savings requirements - Suitable for clear savings goals ``` Example: Tourism fund - Target amount: ¥12,000 - Term: 12 months - Monthly deposit: ¥1,000 (automatic calculation) ``` ** Important characteristics **: - Treasury associated specific accounts - Account balance is automatically updated when transferring money - Traceable savings progress