A complete walkthrough of using MyBills Tracker, understanding the financial principles behind it, and getting the most out of every feature. About 15 minutes to read.
MyBills Tracker is a comprehensive personal and family budget planning tool. It helps you understand your complete financial picture — income, expenses, investments, debts and insurance — and apply proven financial strategies to reach your goals.
As a guest, nothing you enter is sent to any server — your figures stay in your browser. If you create an account, your plan and history are saved so they follow you across devices.
This section personalises MyBills Tracker for your specific situation. The more accurately you fill this in, the more relevant your results will be.
The most important section. Take your time entering accurate figures — estimates are fine to start, you can refine later.
Select one or more proven budgeting frameworks and see how your current numbers compare against each. New to budgeting? Start with the 50/30/20 Rule — see the full breakdown of every principle below.
Once Sections 1–3 are complete, MyBills Tracker generates: summary cards (income, expenses, surplus, savings rate), a budget allocation chart, principle-by-principle analysis, a month-by-month table adjusted for inflation, and financial health alerts (high debt ratio, low savings rate, insufficient emergency fund).
Download your report as PDF (for sharing with an advisor), Excel (4 sheets — Summary, Budget Detail, Month-on-Month, Projections), or Word (fully editable).
Upload your bank statement (.xlsx or .csv, from HDFC, ICICI, SBI, Axis, Kotak and most other Indian banks) to compare what you planned to spend against what you actually spent. The file needs Date, Description/Narration and Amount/Debit columns.
Set your salary growth, expense inflation and investment return assumptions to see your financial position evolve year by year.
MyBills Tracker automatically detects your country from your browser timezone and sets the appropriate currency — INR, USD, GBP, EUR, AED and SGD are supported, formatted in local convention (e.g. ₹1,00,000 vs $100,000) throughout the app and in exported reports.
MyBills Tracker separates travel into two categories for more accurate budgeting:
Save monthly snapshots of your complete financial data to track how your budget, income, expenses and savings rate change over time — useful for tracking raises, catching expense creep, measuring progress toward goals, and preparing annual reviews with your spouse or advisor. Use "Save Snapshot" in the app; previous snapshots can be loaded, compared or deleted.
All exports happen locally on your device — nothing touches MyBills Tracker's servers.
Structured frameworks for allocating your money. Selecting one in MyBills Tracker shows how your current budget compares to its recommended split, and what would bring you in line with it.
Popularised by US Senator Elizabeth Warren. After-tax income splits into Needs (rent/EMI, groceries, utilities, transport, insurance, minimum loan payments), Wants (dining out, entertainment, subscriptions, holidays), and Savings (emergency fund, investments, extra debt repayment).
Example on ₹60,000 take-home: Needs ₹30,000 · Wants ₹18,000 · Savings ₹12,000. If rent + EMI alone is ₹25,000, only ₹5,000 remains for every other need — a clear warning sign.
A gentler split for high living costs or family obligations — 70% to living expenses, 20% to savings/investments, 10% to charity, gifts and community contributions.
Example on ₹50,000 take-home: Living ₹35,000 · Savings ₹10,000 · Giving ₹5,000.
Reverse the usual order — move savings to investments the moment salary arrives, then live on the rest. Set up automatic SIP debits on salary day so lifestyle adjusts to what's left, eliminating the "I'll save what's left" trap.
Example: ₹80,000 salary → ₹20,000 auto-debited to SIP/PPF on day 1. Over 20 years at 12% return, that ₹20,000/month becomes roughly ₹2 crore.
Every rupee is assigned a specific purpose — even if that purpose is "sit in the emergency fund." At the end of allocation, income minus all assigned amounts equals exactly zero; there's no unaccounted money.
Save and invest aggressively to retire far earlier than the conventional age 60. The "4% rule" says you can safely withdraw 4% of your portfolio annually, indefinitely — so annual expenses × 25 gives your target corpus.
Example: monthly expenses ₹50,000 → annual ₹6L → FIRE corpus ₹1.5 crore. At ₹30,000/month invested at 12%, reachable in roughly 12.5 years.
List debts smallest to largest by balance. Pay minimums everywhere, put every extra rupee toward the smallest balance, then roll that payment into the next smallest once cleared — the psychological wins build momentum.
Mathematically identical to snowball but ordered by interest rate — minimums on everything, extra money to the highest-rate debt (e.g. credit card 36% before a home loan at 8.5%). Saves the most money in total interest over time.
Written by the people who built this. We would rather you read it now than discover it in month three. If any limitation here is a dealbreaker for you, we would honestly rather you used a different tool.
MyBills Tracker does not connect to your bank account, does not read your SMS messages, and is not integrated with India's Account Aggregator framework. Your first budget requires you to type your figures in, and each month's actuals require you to download a statement and upload it. That is roughly fifteen minutes up front and ten minutes a month. Apps that connect automatically ask far less of your time — if that cost is more than you will sustain, one of those is the better choice for you. This is why recording is manual — and why the figure it produces is complete rather than partial.
Uploaded statements are sorted using keyword rules. These are reliable for obvious cases — a Swiggy transaction is food, a BESCOM transaction is electricity — and unreliable for ambiguous ones. An Amazon purchase could be groceries, a gift or an appliance; it will land in Miscellaneous and be wrong some of the time. Review the categories before drawing conclusions, and never use this output as a tax or legal record.
As a guest, everything you enter is stored in your browser's local storage on the device you are using. Clearing your browser data erases it. Incognito mode erases it when the window closes. Creating an account removes this limitation — your plan and history are saved and follow you across devices. Either way, export your Excel or PDF report every month — that file is your permanent record and it does not depend on us.
The five and ten year projections assume constant rates: steady salary growth, steady inflation, steady investment return. Reality honours none of these. Use projections to compare scenarios — "what happens if I increase my SIP by ₹3,000" — rather than to predict a number.
MyBills Tracker is not registered with SEBI as an investment adviser, is not an IRDAI-licensed insurance intermediary, and is not regulated by the RBI. It cannot assess whether a product suits you, because suitability requires a professional assessment a calculator cannot make. What it does is arithmetic and pattern-spotting on figures you supply.
A budget built on incomplete inputs produces confident, wrong outputs. Omit a category and it is treated as zero, so your surplus looks better than it is. Enter your CTC instead of take-home and every downstream figure is inflated by roughly a quarter. The tool has no independent source of truth about your finances and cannot detect these errors.
MyBills Tracker is free, funded by optional subscriptions, advertising and referral commissions paid by product providers. That last one creates an incentive: we earn more when users take up products, and credit products pay the most. We have committed never to present a credit product as a solution to a budget deficit and never to rank by commission. You do not have to take that on faith — judge us by whether the product behaves that way, and tell us if it does not. See the full Affiliate Disclosure.
Two people earning the same salary can be in completely different financial positions after five years. The difference is rarely discipline in the ordinary sense — it is what happened in the ninety days after each of their raises.
Spending expands to fill available income unless something actively stops it. The expansion happens through individually reasonable decisions — a slightly larger flat, an overdue car upgrade, a second holiday, a delivery habit that grew from occasional to routine. None of them is wrong. The pattern is what costs you.
A raise arrives as a single memorable event and then dissolves into a hundred small ongoing commitments spread across twelve months and dozens of categories, none large enough to trigger alarm. That is why you need a measurement rather than an instinct.
Lifestyle Inflation Index = percentage growth in spending ÷ percentage growth in income. Compare any two points in time. If spending grew 6% while income grew 12%, your index is 0.5. If spending grew 14% while income grew 12%, it is 1.17.
For roughly ninety days after a raise, your spending habits still belong to your previous salary. Redirecting money during that window is nearly painless because you are not giving anything up. After ninety days the higher income feels normal, and reducing spending means removing something you now have — psychologically a much harder act.
Commit half of any increment to savings before the first higher salary arrives, and let the other half improve your life. On a ₹6,000 raise that is ₹3,000 into an increased SIP set up in advance, and ₹3,000 to spend without guilt. It is automatic, and it is not deprivation, so it does not produce the rebound spending that follows over-restriction.
Yes — as a guest, your figures stay in your browser and are never uploaded to any server. If you create an account, your budget is saved so it's available across devices; see the Privacy Policy for full detail.
Yes — MyBills Tracker works in any modern mobile browser. The layout adapts to smaller screens, though for heavy data entry a larger screen is more comfortable.
Export a PDF, Excel or Word report from the Results page and share it however's convenient — email, WhatsApp, print. The "Share via Email" button pre-attaches the PDF to a new email for you.
If you're new to budgeting, start with the 50/30/20 Rule — it's the simplest and most widely understood. You can always add more principles later to compare approaches.
First, use Bank Upload to see exactly where money is actually going — many deficits come from untracked spending. Then look for the largest discretionary categories to trim first, and check the Debt Snowball/Avalanche principles if loan repayments are a major factor.
A full review once a year, or whenever your income or family situation changes meaningfully. A quick 10-minute check-in monthly — comparing actuals to plan — keeps things on track in between.