Worthic budgets are built around the same structure as the rest of the workspace: reporting lines, income and expense categories, and monthly cashflow periods. A budget line can be set for a specific reporting line and category, or where appropriate at a broader workspace level. The budget line stores the category, whether it is income or expense, the amount, currency, start period, optional end period, and recurrence.
A budget can be a fixed monthly amount, but it does not have to stay flat forever. Worthic supports forward adjustments on budget lines. A line can increase or decrease by a percentage either month-to-month or annually from a chosen month. This is used for things like inflation-linked expenses, growing income, or planned reductions. Budget lines can also be quarterly or annual. Annual and quarterly amounts may either be spread evenly across the period or allocated to specific active months.
Once-off budget items are handled separately as planned budget events. These are single dated income or expense items linked to a reporting line and category, such as a bonus, school fee, insurance premium, repair, or holiday cost. They are layered into the relevant cashflow period without changing the underlying recurring budget line.
When Worthic shows budget performance, it overlays active budget lines onto actual cashflow rows, then adds planned once-off events for the period. This allows actual income and expenses to be compared against expected budget values by category and reporting line.
Forecasting uses the same budget settings as future cashflow inputs. Recurring budget lines generate future expected income and expenses, adjusted forward where configured, while once-off events land in their specific future month. Worthic then combines those forecast cashflows with account-level forecast assumptions to project future cashflow and net-worth movement.