Budget by Koody Review

Budget by Koody Review

Budget by Koody allows you to set budgets, track spending, categorise expenses and upload receipts without the need to connect your bank account.

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Updated On:
August 31, 2021

Is Budget by Koody any good?

Budget by Koody is an excellent solution to personal budgeting without the need to connect your bank account. It offers a simple and personalised approach to keeping you on track with your finances, giving you complete control to account for your expenses, set budgets and monitor your spending habits over time. 

How does Budget by Koody work? 

No Banking Info Required

  • Budget by Koody offers a risk-free solution to budgeting by giving you the control to input your own transactions. It is a budgeting app that does not require you to connect your bank account or share any sensitive data, so you can rest easy knowing that the money in your account is untouched, safe and secure.
  • Use Budget by Koody to pre-plan or forecast your bank transactions and help you avoid any overdrafts, all without the need to connect your bank account.
  • You won’t need to sync to any additional apps or fill out any lengthy forms. Simply download the app and start budgeting instantly. 

Track Your Spending

  • Budget by Koody gives you total control over your budget so that you can account for every transaction with as much detail as you’d like. Enter your own personalised titles, input specific amounts down to the penny, store your receipts digitally and add personal notes to each manual transaction.

Click here to learn more about how Budget by Koody can help you track your spending.

 Categorise Expenses

  • Budget by Koody allows you to input monthly spending limits into twenty different budget categories, ranging from Groceries, Rent and Household Bills to the more personal expenses such as Drinking and Eating Out. Users can also take advantage of the ‘Miscellaneous’ category to input expenses that may not suit any of the existing categories.
  • Each spending category is colour-coded to help you differentiate between them. Use Budget by Koody’s Overview Tab to access your personalised colour-coded spending graph, which provides an easy visual aid of your budget and the various spending ratios that it is split between.
  • Customise your spending categories with an image of your choice to make the app personal to you, or to help incentivise your savings.

Click here to learn more about categorising your expenses and setting budgets with Budget by Koody.

Upload Receipts 

  • With Budget by Koody’s receipts feature, you won't have to continually fish for receipts at the bottom of your bag, risk misplacing them or worry about the all too familiar problem of your receipt ink fading. Simply snap a photo of your receipts and store them digitally so that you can access them at any time, all in one place.
  • Your digital receipts will give you a reliable paper trail of your expenses, helping you fact-check and keep your budgets accurate.

Click here to learn more about uploading your paper receipts to Budget by Koody.

Get Spending Insights

  • Monitor your progress and spending habits through the app’s stored historical data, where you can track expenses dating back several months and use them to set new goals.
  • Receive a continually updated overview of your monthly spending, with a reminder of your total monthly budget, total monthly spend and remaining daily spending limit to keep you within your budget.

Click here to learn more about spending insights on Budget by Koody.

Discover Learning Resources 

  • Use Budget by Koody’s handy ‘Discover’ tab to access a host of personal finance resources and guides, including easy access to the Koody Community and Koody Blog. Learn about Investing, Pensions, Savings, and more to keep informed and kickstart your journey towards financial freedom.

Click here to learn more.

Frequently Asked Questions

1. Is Budget by Koody free?

Yes, Budget by Koody is a free budgeting and money management app.

2. Does Budget by Koody connect to your bank account?

No, Budget by Koody does not connect to your bank account. It gives you complete control to account for your expenses, forecast any upcoming bills and monitor your spending habits over time. You’ll decide exactly what you’re inputting into the app for a fully personalised budget.

3. Is Budget by Koody safe?

Yes, Budget by Koody offers a risk-free solution to personal budgeting. You’re not required to share your bank details with Budget by Koody when you download or use the app, so you can rest assured that your details carry no risk of being accessed. You’ll be in full control of the transactions that you input into the app.

4. Is Budget by Koody regulated by the FCA?

No, Budget by Koody does not require FCA authorisation as it does not carry out any of the activities specified in the Regulated Activities Order 2001 or the Payment Services Regulations 2017. The app does not carry out any payment services activities and instead offers a safe manual budgeting service.

5. Can you pay or withdraw money using Budget by Koody?

No, you cannot. Budget by Koody allows you to input your expenses, forecast upcoming bills and monitor and track your spending habits.

6. Does Budget by Koody have a referral scheme?

Not yet.

7. How do I download the Budget by Koody app?

You can download the Budget by Koody app here. Please note: To enjoy using Budget by Koody on your iPhone or Android, you must add the app to your Home Screen.


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Alternatives to Budget by Koody

Money Dashboard

Money Dashboard is a budgeting app that allows you to view all your bank transactions in one place, giving you a clearer picture of your spending habits. It also has a host of other financial tools to help you make the most of your money.

Visit: Money Dashboard

See: Money Dashboard Review


Emma is a money management app that automatically categorises your expenses to help set budgets, cancel wasteful subscriptions, and save you money in the long run. Emma analyses your finances in one place, giving you a clearer insight into your spending behaviour, as well as a host of tools to help you make smarter decisions with your money.

Visit: Emma

See: Emma Review

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