Creating a Budget - Budget Analysis - RightCapital Help Center

RightCapital's Budget Analysis empowers clients to set a healthy budget and stay on top of their monthly expenses, all within their RightCapital financial plan.

The budget analysis can be found within the Dashboard > Budget tab of each client plan:

Don't see any information in the Dashboard > Budget Tab?

In order to utilize the budget analysis, clients must be invited to access their Client Portal, and must use account aggregation to link at least one bank account or credit card to the plan that is feeding in transactions.

To learn more, click here.

Budget Tab

Before utilizing the rest of the budgeting tools, clients will first need to create their monthly budget. This can be done within the Budget subtab to the far right. Within this tab, you will find a list of budget categories, along with a field for each to specify the dollar amount allocated to that category:

The sum of all categories will make up the total monthly budget, visible in the lower right of the page. You can also use the client's average monthly spending as a frame of reference when setting the target amount for each category. Use the dropdown menu in the upper right to select a time frame, which will update the values in the Avg. monthly spend column:

Pro-Tip: Detailed Expense Worksheet

If you have already filled out a detailed expense worksheet for a clients's pre-retirement living expenses (Profile > Expenses) or retirement living expenses (Profile > Goals), you can choose to copy those values into the Budget tab via the "Copy From" button in the lower left:

Customize Budget Categories

An important part of tailoring the budget analysis to each client is customizing the budget categories. RightCapital allows you to add, remove, and rename categories on a per-client basis within the Gear Icon > Settings > Budget Categories tab of each client plan:

Depending on your needs, you can also create budget category templates, and even replace the default budget categories with your own set of custom categories. To learn more about customizing budget categories in RightCapital, please reference the help center resource below:

Custom Expense Categories - Knowledge Base