Step 1: Salary account
Your first account should be a salary account. That means that it’s here that your salary and other types of income should go.
It’s a good idea to connect your public NemKonto, so everything is gathered in one place. It could be SU, child benefits, or other social service incomes. Many businesses also choose to pay out salaries to your NemKonto.
In the Lunar app, it’s easy: You can find ‘NemKonto’ under ‘Products’ and choose ‘Move NemKonto’. Voilá
📊CONTROLSPENDING IN CATEGORIES
You should control your private spending from the salary account - all the things that are not monthly or set expenses (Psst! They also come under ‘budget account’)
Now you need to have an overview of your spending. You can do that pretty fast by going to ‘Spend’ in the Lunar app, where your spending is set into different categories, such as food, drink, groceries, entertainment, personal care, etc.
The smart thing here is that you can create an interactive budget directly in the app and set a limit on spending in each category.
Lunar will send you a notification each time you use your card. For example, If you eat out and it costs 1000 DKK, you'll get a message that you have used half of your monthly food and drink budget if that was 2000 DKK.
Then, there are no unpleasant surprises when you check your bank account.
🧾SAVE YOR RECEIPTS
When you're a real pro, you can hide all of your receipts from purchases in the app. Just press the logo - e.g. 'Magasin'.- and under 'Attachments' you can save a picture of the receipt. Then, you won't lose it if it has to be returned, gifted, or if it breaks.
You can get all the interactive spend- and budget features in the Lunar app for free. You can also pay a bill just by taking a picture of it. Try it here