Wallet base principles

A wallet is a base that stores transactions, budgets and debts.

Most likely, one wallet will be enough for you, which you can name, for example, "Personal" or your favourite emoji. Record all your transactions in it, no matter how you made them - in cash, by credit card or electronic money. In fact, it’s unnecessary to know how you spent money, it’s important to know on what you spent it.

Additional wallets can come in handy in the following cases:

• you need to keep track of expenditure of the money to be accounted for as part of a job (obviously, no need to mix it with your personal wallet) or record your expenses while away on business
• you want to know your expenses during a given journey (in this case it’s handy to specify the necessary currency for your wallet).
• to keep track of income and expenses in other currencies (Euro, USD, etc.) along with a wallet in your primary currency.

Wrong ways of using wallets:

• naming wallets "Cash" and "Card" (as an example) to keep track of expenses in each one individually - making it impossible to find out the aggregate expenses
• naming a wallet a period, for example, "January 2015" - since a wallet is mainly implied to keep track for a long period

Wallets are isolated from each other, and Moneon has no transfers between them. If you keep all your personal money in one wallet, you won’t need transfers. Settings for a wallet are unique and apply only to the given wallet.

To create a new wallet, tap the + icon in the left panel. You can pick the wallet's currency while creating it — it cannot be changed afterwards.

An icon with two people means the wallet is shared.