Welcome to Level Money!
You know your bank balance, but do you know what portion of it you can responsibly spend? Level Money helps you plan ahead for essentials like rent and bills, and then lets you set a target savings goal. We call the money that's left over, your Spendable.
Level essentially replaces your bank balance with a Spendable number for the month. With this number you'll know how much you can comfortably spend on non-essentials, like coffee or eating out.
With Level, it's easy to achieve balance between spending and saving.
Get up and running in 10 easy steps!
What you’ll need
Your iPhone or Android mobile device (iOS 9 or higher; Android Lollipop 5.0 or higher)
- About 30 minutes
- A place where you can concentrate
- A list of the bank accounts you want to connect
- Login info for the above bank accounts
Let’s get started!
Open the Level Money app
You’ll see the intro screen. Use your email address and password to log in.
Don’t have a Level Money account? Just tap Sign Up (on iPhone) or Create Account (on Android) to get set up in one click.
You can also tap Demo to see a fully functional preview version.
Connect your bank accounts
All right, you’re in! Now let’s connect your bank accounts to Level Money.
Why we ask for your bank info
Level Money needs access to your bank transactions (your everyday activity like debits, deposits, and transfers) in order for the app to work. Connecting your accounts is the only way to get your data into Level, so you’ll need to do this before you can use the app.
To connect a bank account:
- Tap the search field and enter your bank’s name.
- Tap one of the bank names shown. (Scroll down to see more banks.)
TIP: Can’t find your bank? Try searching with a different spelling. For example, some banks use acronyms, such as UWCU (University of Wisconsin Credit Union).
If your bank’s still not appearing:
Contact our Support team to request it. We’re not able to include everyone, but we try to honor all requests.
Note: Level Money safeguards your information with the same standards as all major U.S. banks. We secure and encrypt each connection with a strong protocol, key exchange, and cipher. You can read more about how we keep your information secure here.
Verify your bank account
When Level finds your bank, you’ll see its name displayed under Verify your account.
Enter your bank account’s username and password and tap Done ( √ ) to continue.
Connect more accounts
Nice! Your bank account is now connected.
Be sure to connect all your bank accounts: checking, savings, and credit cards. This will help Level set up your Spendable properly. You’ll also need them to get the best estimate of your spending.
Tap the Add button (+) to connect another bank account.
Or if you’re done, tap the Done button ( √ ).
Set up your Spendable
Now let’s set up your Spendable. Your Spendable is the amount you can safely spend for the month after you’ve taken care of all your expenses.
How does Level get your Spendable? With its nifty Spendable Calculator and these three items:
How much you earn each month.
The bills you pay on a regular basis, such as rent or monthly subscriptions (Netflix, etc.).
The amount of money you want to save each month.
After you finish setup, you’ll be ready to use Level!
Tap Next: Income to continue.
Adjust your monthly income
See that giant number in the middle of the screen? That’s Level’s calculation of your current monthly income.
Your monthly income is the base number that Level uses for all your calculations, so it’s important to get this amount as accurate as possible.
Use one of the following ways to adjust your monthly income amount:
Calculation Mode: Add or delete an income
Back in Step Two, after you connected your bank accounts, Level searched your transaction histories for credits (aka deposits) to display here.
Check out the info under Income Sources. Is it correct*? If not, use these steps to make changes:
*The amount you see displayed for each income source is the three-month rolling average for deposits with merchant names matching the example transactions chosen for the income source. Level adds up those monthly averages to arrive at the total monthly income you see here.
- To add an income source:
Tap the Add (+) button.
- To delete an income source:
Tap the income source, then tap the gear icon on the following screen to delete it.
- Need help with the above?
Follow this step-by-step walkthrough.
Override Mode: Enter your own amount
If the total monthly income amount shown is off, you can flip to override mode and plug in your own value.
Why use Override?
- The amounts on one or more of your incomes are incorrect.
- You need to track a income source that isn’t listed here.
- You’re seeing unrelated transactions show up in your income source tracker.
Note: When you use Override, Level ignores your current income source totals displayed (in this example, Zenpayroll) and calculates your Spendable budget without them. Don’t worry, though—we still hang on to the income sources you’ve listed in order to track and tag your future income transactions.
Finished with your income? Tap Next: Recurring Expenses to continue.
Add your recurring expenses
Now let’s add your recurring expenses.
To add expenses, follow the same steps as you just did in Step Six above.
You can use Level’s calculation or tap Override to enter your own.
Why use Override?
- The amounts on one or more of your recurring expenses are incorrect.
- You need to track a recurring expense that isn’t listed here.
- You’re seeing unrelated expenses that are making your total Recurring Expenses amount incorrect.
Need help entering your expenses?
Tap Next: Saveable to continue.
Set your Saveable
You’re almost done! Now to decide on your Saveable: how much you want to put aside each month after paying your expenses.
Tap the amount shown to enter your own. Or if you like slidey action, you can adjust the slider.
TIP: We recommend saving 10% of your total income, but of course you can choose whatever you want.
Tap Next: Spendable Target to continue.
Confirm your numbers
Congratulations! Here are your monthly income, expenses, and Saveable, along with your Spendable.
Everything look OK? If not, tap Back to correct your previous info. Or tap Override to enter your own Spendable now.
(Don’t worry — even if you use Override, Level will still track any income sources and expenses that you’ve entered in the previous steps.)
TIP: If you like, you can just skip this step and continue. You can always edit these numbers later.
Tap Confirm to continue.
Meet your Spendable
Great job! Here are your daily and monthly Spendable.
The giant number inside the “Spendabubble” is how much you have available to spend for the rest of the month. The number under the Spendabubble is how much you can spend each day.
TIP: The steps you just took are part of the Spendable Calculator, which you’ve now used to set up your Spendable budget.
If your financial situation changes in the future, your Spendable will not update automatically. So if you ever want to make updates, just tap the Spendabubble and then the gear icon to go through the calculator again.
You’re ready to start using Level Money! Tap Done to finish.