We believe that a weekly budget provides more guidance than a monthly budget. 


Should you go off-track during the month, these weekly recalibrations gives you a new recovery plan, increasing the likelihood of you meeting your saving targets.

When you first sync your bank account, you will be asked to confirm your monthly income, monthly expenses, and how much you want to save each month.


The amount that’s left over is your monthly budget which you can spend without dipping into your monthly savings commitments. Nugget breaks this amount down to give you a weekly budget.


Nugget does this by dividing your spending money by the number of days in a month, multiplied by the number of days in any given week.

If there is still a balance in your monthly budget, Nugget takes the remaining amount and redistributes it across the remaining weeks, giving you an updated weekly budget.


In the event where the monthly budget is overspent, Nugget alerts you with the overspending amount and adjusts your savings automatically.

Nugget takes the weekly budget balance in the current week, and divide it by the remaining days in your budget week to give you your estimated daily amount.

By default, your budget period start date is set as the first day of the month.


Your monthly budget is the amount left to spend from your income, after accounting for your monthly expenses, and how much you want to save.

Monthly expenses are the payments that you need to make on a monthly basis.


Some examples are:

  • Bills
  • Insurance
  • Allowance to parents
  • Bank transfers for Regular Savings Plan


Everytime you sync your bank accounts, Nugget identifies possible monthly expenses so that you can simply choose from the list.


Where monthly expenses are not identified by Nugget, you are able to categorise transactions as a new monthly expense. Nugget will then categorise it as a monthly expense moving forward.


Alternatively, you can manually enter your monthly expenses in your budget plan. Nugget will automatically create transactions on the chosen recurring dates every month.