On-demand Wages Budgeting Tool

If your business uses On-demand Wages (Wageflo), you also have access to foundU's Budget Tool. 

With our Budgeting Tool, you can set up your ‘fixed’ expenses (things like rent, car, food, entertainment, bills, etc) and see how much you'll have left at the end of the week. This lets you control where your earnt money gets allocated.

The Budgeting Tool also gives you the ability to see your earnings in real time and better still, be able to know what you’re likely to earn for the week based on your upcoming shifts!

Along with using the Budgeting Tool, you can nominate either a fixed $ amount or a % of your wages to go into multiple bank accounts. 

Please see our Edit financial details (bank account or super) article for instructions on how to set up multiple bank accounts in your Employee App!

To set up your budget: 

1. On the home page of your Employee App navigate to Calculate Budget (see the below image).
   
   
   
   
   
   
2. You will see a history of your hours for previous pay periods along with the hours you have worked for the current pay period. 
   
   
   
   
   
   
3. Select 'Budget' to see your Earned Pay and Upcoming Pay and to add any additional income or expenses. 
   
   
   

Add an additional income

To add an additional income:

1. Select 'Add Other income' and type in the relevant amount and 'Save income'.
   
   
   
   
   
   
2. You will now see your remaining budget for the current pay cycle including the additional income you have entered. 
   
   
   

Add an Expense

To add an expense:

1. Select 'Add expense'
2. Select the Expense type (e.g. rent, bills etc), enter the amount and select 'Save Expense'.
   
   
   
   
   
   
3. You will now see your remaining budget for the current pay cycle including the expenses you have entered. 
   
   
   
   
   
   
4. Repeat steps 1 & 2 to add any additional expenses (optional). 

Edit your budget

If your additional income or expense changes you can do this by selecting the existing income or expense and editing the amount.

To edit an existing additional income or expense:

1. On the home page of your Employee App navigate to Calculate Budget.
2. Select 'Budget' then select your existing additional income or expense.
   
   
   
   
   
   
3. Update the existing amount and select 'Save'.
   
   
   

Remove your budget

You may need to remove an additional income or an expense. 

To remove an existing additional income or expense:

1. On the home page of your Employee App navigate to Calculate Budget.
2. Select 'Budget' then select your existing additional income or expense.
   
   
   
   
   
   
3. Remove the amount specified and select 'Save'. The additional income or expense will be removed from your budget.