BFF Budget Planner - The Better Financial Feed ™
Spend, save, plan and protect your money like an expert with on-point financial insights and recommendations.
Avoid Overdrafts
and Bank fees
account balance, upcoming bills and spending habits.
Know how your spends impact you
Get insights on where to cut costs and where you can spend or invest more with your personalized Budget Planner.
Stay on top of upcoming bills
Get timely alerts and manage all your payments in one place.
Save, earn, and grow more with expert tips
Take Control of Your Money with Beem’s Budget Planner & Tracker
Amid the financial uncertainties of life, budget planning is crucial for every individual to manage the fluctuating cost of living and rapidly changing economic conditions.Read more
Whether you are living paycheck to paycheck, trying to manage your student loan debt, or saving for retirement, budget planning plays a fundamental role in securing financial well-being and a stable future.
Subsequently, a budget planner becomes an essential tool for those seeking to manage their finances across all stages of life, be it personal or professional.
Here, Beem BFF - Better Financial Feed™ comes to your rescue with a personalized budget planner to help you manage your spending and saving every month.
Beem BFF tracks your spending patterns to predict how much you should spend on different categories throughout the month, including groceries, transportation, education and entertainment.
With a proper budget every month, you can take better control of your spending habits and save money for your long term financial goals.
Key Features Of Beem Budget Planner
Here are some key features of Beem Budget Planner for all your financial needs:
1. Automatic Expense Tracking
As soon as you link your Bank Account and Beem Account, Beem will generate an automatic personalized budget plan on the basis of your expenses.
You will also get insights on where to cut costs and where to spend or invest your hard-earned money through the Beem personalized Budget Planner.
Beem will also send you timely reminders for every upcoming bill or payment so that you don't miss any dues.
2. Custom Budget Categories
Beem will review all your spending across different categories, such as groceries, entertainment and education to help you plan your expenses better and achieve your savings goal.
Additionally, Beem budget planner provides recommendations to unlock rewards, earn cashback and build credit score.
3. Real-Time Financial Insights
Get detailed insights to better understand your spending habits and identify areas for improvement. Beem BFF provides tips and recommendations on where you can cut costs and where you can save more money to help you take control of your financial management.
4. Goal Setting & Savings Targets
It is easy to lose track of your expenditure and savings. Therefore,Beem budget planner will help you document all your spending to give you a clear picture of your financial situation.
According to your spending and saving patterns, set realistic long term financial goals, ranging from emergency funds or a dream vacation to home improvements or retirement, and regularly track your progress.
It will further help you make informed financial choices about spending and saving.
5. Weekly & Monthly Spending Summaries
Beem provides automated summaries of your weekly and monthly expenses to help you stay within your budget and avoid overspending. Such a monthly refresh means that Beem is constantly evolving along with your financial life. Instead of sticking to the same outdated budget that may no longer make sense, Beem adjusts your plan to keep it relevant.
6. Notifications & Spending Alerts
Get alerts about all your transactions, account balances and upcoming bills to avoid any penalties. Stay informed with real-time notifications and alerts so that you don't go over your weekly and monthly budget planner.
How Beem’s Budget Tracker & Planner Works
Beem BFF (Better Financial Feed™) is your personal budget assistant, designed to help you plan and manage your expenses each month with ease.
It is a powerful, user-friendly budgeting tool that analyzes your spending habits over the past few months to provide smart predictions on how much you should spend across various categories such as fast food, dining out, shopping, entertainment, education, transportation and groceries, among other categories.
For example, if you have historically spent more on entertainment during the weekends or splurged on shopping during the holidays, Beemwill make suggestions based on those patterns, offering you a clearer picture of where you might want to cut back or where you have the potential to spend more
With smart tips and tricks, the AI-powered budgeting apps gives you the power to stay on top of your finances, improve your spending habits, and save money for your long term goals.
Step-by-Step Guide To Track Your Expenses
Step 1: Connect Your Accounts
To get started, all you need is a Beem account and a linked bank account. Input all your basic details as you link both accounts.
Step 2: Receive Insights and Alerts
Once you link your accounts and add your details, you will start receiving insights and notifications to track your budget and make informed financial choices.
Step 3: Track Your Spending
Beem categorizes all your weekly and monthly expenses across different categories, such as groceries and transportation and provides a real-time view of your expenses.
Receive alerts about potential overdrafts, income earned and upcoming bills to avoid any missed deadlines.
Furthermore, Beem provides recommendations to earn cashback, build credit score, avail offers and save more in the long run.
Step 4: Set Budgets and Goals
With your own personalized budget planner, you can set realistic financial goals, such as buying a car and home repairs
Why Beem Stands Out from the Other Budgeting Apps
Beem BFF stands out from other budgeting tools because it offers a highly personalized, data-driven approach to managing your finances.
Unlike generic budget apps, the AI-powered Smart Wallet app analyzes your real-time spending patterns from previous months to create tailored recommendations for how much you should spend in specific categories, such as dining, shopping, entertainment, and transportation.
For instance, Beem might flag that you’re consistently overspending on dining out or entertainment. These insights will empower you to make more informed decisions about where to cut back or where you can afford to splurge without jeopardizing your financial goals.
With this, you can plan your budget more accurately and based on the relevance of categories every month. Beem not just tracks your expenses, it also serves as a powerful tool to help you avoid unnecessary spending and take control of your money management.
Points of Differentiation From Other Planner Apps
- Comprehensive Financial Toolkit: Besides a personalized budget tracker, Beem offers emergency cash advances (Everdraft™), credit monitoring, affordable tax filing and other powerful features to help you manage your finances with ease every month.
- Secure and User-Friendly: Advanced encryption and an intuitive interface make budgeting hassle-free with Beem. The AI-powered platform is PCI-DSS certified, making it a gold-standard security system to prevent any data leaks. Our system is encrypted end-to-end to protect all your financial and personal data.
- Accessible and No Hidden Fees: Beem’s Basic plan is absolutely free - you can avail tax filing, cashbacks, sending money and budget planning (trial). To access additional features like instant cash, budget planning, credit monitoring and more, you can opt for our affordable monthly subscription plans, starting from $2.47. Check out more Beem Pricing plans.
What Our Satisfied Customers Are Saying
Safety and security of all our users is at the core of Beem. We ensure that all our users are verified to keep sending, receiving and moving money extremely safely, secure and easy.
Beem's security is based on industry frameworks such as NIST CSF, PCI-DSS and SOC2 to strengthen the safety of user data. All the personal information of users, including registered accounts, is monitored and protected 24*7.
In case of identity theft, Beem offers reimbursement for eligible lost wages, legal fees, and other expenses associated with restoring your identity.
"Beem's budget planner has completely changed how I manage my money. It's easy to use, and I love the insights I get!" said Emily.
"I always struggled with sticking to a budget, but Beem keeps me on track and helps me see where I can save," said Alex.
Summary
Managing your finances effectively can be challenging, especially when it feels like budgeting apps are all the same.
While many apps claim to help you save money or stay on track with your budget, most of them only offer a one-size-fits-all approach, leaving little room for customization based on your actual financial behavior.
However, Beem BFF stands apart from the crowd by offering a highly personalized, data-driven approach to budgeting that not only tracks your expenses but also helps you understand and improve your spending habits over time.
Frequently Asked Questions About Budget Planner
- Allocate 50% ($1,500) for needs such as rent, utilities, groceries, and transportation.
- Set aside 20% ($600) for savings, debt repayment, or building an emergency fund.
- Use 30% ($900) for discretionary spending like dining out, entertainment, and personal hobbies.
What do I need to get started with Better Financial Feed™?
What are the charges for using the Feed?
A free 1 month trial is available to every Beem User on the Basic plan. After one month, you can choose a subscription that suits you best - Plus/Pro - and in addition to financial insights, you will also receive many more benefits like instant cash for emergencies, reduced instant transfer fees, credit monitoring , identity protection and much more.
Do I have to plan and create a budget?
Nopes, we do the hard work for you so that you can sit back and follow. Based on your linked bank accounts, Beem will generate an automatic personalized budget plan that will help you stay on top of your goals. Simply like them as useful and receive timely alerts to avoid any financial pitfalls like overdraft, NSF and bank fees, etc.
Will my bills and subscriptions get auto-paid by Beem?
You will receive timely reminders for every upcoming bill or payment, before you miss anything! Beem app currently does not support auto-payment of your bills and subscriptions.
How can I use the budget planner?
Your BFF will act as your personalised budget planner and help you plan your spends for the entire month. Based on your actual spending patterns in the last few months, Beem predicts on how much you should spend on different categories like fast food, restaurants, shopping, entertainment, education, transportation, groceries and much more.
Every month, Beem app generates a refreshed budget plan for you so that you can take control of your spending habits & save money!
Why is a Budget important?
A budget is important to help you manage your money, prioritize your important expenses, and set long-term financial goals.
By tracking income and expenditures, a budget helps prevent overspending, promotes saving, reduces debt, builds wealth and offers a roadmap for achieving financial stability.
What are some key reasons to have a budget?
There are numerous reasons to have a budget, depending on an individual's preferences. Having a budget helps you manage your money, avoid overspending, and prioritize financial goals.
It ensures you live within your means, track progress toward savings, and build an emergency fund. A budget also provides clarity on where your money goes, helping reduce stress and improve financial security.
What is an Emergency Fund?
An emergency fund is a savings reserve set aside for unexpected expenses, such as medical bills, car repairs, or job loss. It is suggested to save three to six months' worth of living expenses for financial security and peace of mind during unforeseen financial emergencies.
How do I create a budget?
To create a budget, use Beem to start by tracking your income and analyzing all monthly expenses, including groceries, rent, entertainment and transportation. Beem will regularly review and adjust your budget to help you stay on track and achieve your financial goals.
How does Beem's Budget Tracker work?
Once you download the app and connect your Beem account with your bank account, Beem does the hard work for you. The AI-powered Super Wallet app will generate an automatic personalized budget plan based on your expenses and bank accounts. It provides timely alerts about all expenses, overdrafts and upcoming bills to avoid any penalties.
Is Beem's Budget Tracker free to use?
Yes, Beem offers its budgeting tools for free, with no hidden fees. A free one month trial is available to every Beem User on the Basic plan. After one month, you can choose a subscription that suits you best - Plus/Pro - for additional premium features.
Can I customize my budget categories?
Absolutely. Beem allows you to create and customize budget categories to fit your lifestyle after analyzing your expenses across different categories. Every month, Beem generates a refreshed budget plan for you to help you take control of your spending habits and save money for your long-term financial goals.
What is a realistic monthly budget?
A realistic monthly budget is one that aligns with your actual income, spending habits, and financial goals. It takes into account essential expenses like rent, utilities, and groceries while allowing room for savings and other miscellaneous spending.
The 50-30-20 rule is a realistic monthly budget plan an individual can adopt. Through this rule, you can spend 50% of your income on essential expenses, 30% on discretionary costs and 20% on savings.
How secure is Beem's Budget Tracker?
Beem uses advanced encryption to protect your data, ensuring your financial information remains secure. All your personal information and registered accounts are monitored and protected 24*7. Beem is PCI-DSS certified, using gold-standard security systems to prevent any data leaks.
Will I get notifications if I overspend?
Yes, Beem provides real-time alerts to keep you informed about all your expenses and upcoming bills.
Get personalized insights on where to cut costs, where to spend, and where to invest your hard-earned money with your personalized Budget Planner. Manage your budget with ease and stay on top of your financial goals with ease.
What is the 50/20/30 budget rule?
The 50/20/30 budget rule is a simple financial guideline for managing income. It suggests allocating 50% of your income to needs (like housing and utilities), 20% to savings and debt repayment, and 30% to wants (like entertainment and dining out). This approach helps balance essential expenses, future financial goals, and discretionary spending.
How do I create my own budget planner?
To create your own budget planner with Beem, start by calculating your monthly income and categorizing expenses into essentials, savings, and discretionary spending. Use Beem’s smart budget tracker to set spending limits, monitor expenses in real-time, and align your plan with goals like saving or debt repayment. Beem simplifies money management, helping you stay on track and make adjustments effortlessly.
What is a budget planner?
A budget planner is a tool or system that helps individuals or households manage their income and expenses effectively. It allows you to allocate funds toward essential needs, savings, and discretionary spending, ensuring financial goals are met. With Beem's Budget Planner, you can track your spending, set limits, and make smarter financial decisions effortlessly.
How to budget $3,000 a month?
Budgeting $3,000 a month involves prioritizing your expenses and financial goals. Using a framework like the 50/20/30 rule:
Track your spending with tools like Beem’s Budget Tracker to stay organized and adjust your plan as needed.
