How much can you spend today?
Knowing your bank balance is useful. But it doesn't necessarily answer the question you ask yourself every day: how much can I spend without jeopardizing the rest of the month?
A benchmark calculated from your budget situation and the days remaining.
A bank balance isn't always enough
Imagine your account shows $800. You might feel like you have plenty of room. But part of that money may already be earmarked for upcoming bills or planned expenses.
The daily budget turns your budget situation into a much more concrete benchmark: how much can you reasonably spend today?
How does the daily budget work?
Money Loom starts with your actually available money to build a daily benchmark.
🧮 A simple example
You have $800 left to manage and 30 days ahead of you. The daily budget becomes a benchmark around $26 per day.
Your daily budget evolves
The number shown isn't a fixed amount for the entire month. Your situation changes as you spend.
You spend
A new expense is recorded in Money Loom.
Your available amount changes
Your disposable income is updated.
Your benchmark updates
The daily budget is recalculated based on your new situation.
What about envelopes?
The daily budget gives you a global view of what you can spend. Envelopes then help you allocate your disposable income across different categories.
For example, you can reserve part of your budget for groceries, another part for entertainment, and another for transport.
Money Loom's envelopes can also communicate with each other based on the rules you choose.
Why check your daily budget if your bank already shows your balance?
Your banking app lets you check your account, transactions, and balance.
But the balance shown doesn't necessarily answer this question: "How much can I spend today while keeping enough for the rest?"
Money Loom brings another level of reading: your budget situation turned into a daily benchmark.
⚠️ A benchmark, not a spending permission
Money Loom's daily budget is a management tool. It helps you visualize your daily margin, but it's obviously not a guarantee that your bank account will accept a transaction.
Your real situation can also evolve with new income, bills, or expenses.
Frequently asked questions about the daily budget
What is a daily budget?
It's a benchmark that helps you estimate how much you can allocate to your daily spending based on your available money and the number of days left to manage.
How does Money Loom calculate my daily budget?
Money Loom uses your budget situation and disposable income to establish a daily benchmark. It evolves as your situation changes.
Is the amount the same every day?
No. Your spending changes your available amount and the number of days left to cover also decreases. Your benchmark can therefore evolve.
Does the daily budget replace my banking app?
No. Your banking app remains essential for checking your account and transactions. Money Loom brings a complementary reading focused on budget management.
Can I use Money Loom without a bank connection?
Yes. Money Loom doesn't require a connection to your bank to manage your budget.
Is Money Loom free?
Yes. Money Loom is available for free, with no mandatory subscription.
Know how much you can spend today.
Money Loom turns your budget situation into a simple benchmark to help you manage your spending every day.
▶ Download Money Loom for free