A
- Account
- A place where money or debt is recorded, such as a current account, savings account, cash account, credit account, investment, or loan. Accounts answer where money lives.
- Activity
- The net effect of transactions assigned to a category during one month. Purchases are normally negative activity; refunds assigned back to the category are positive activity.
- Assigned
- The amount you deliberately added to or removed from a category’s plan for the selected month. Assignment changes a job, not a bank balance.
- Available
- What a category can safely use now: positive rollover from the previous month, plus this month’s assignment, plus this month’s activity.
B
- Balance
- The amount held in an account. Depending on context, Pigget may show the native balance, cleared balance, or a base-currency valuation.
- Base currency
- The common currency used to express the budget as one plan. Accounts and targets may use other currencies while the budget totals are translated into this unit.
- Book value
- The base-currency value recorded when a balance or transaction entered the budget. Historical book values remain stable instead of changing with today’s exchange rate.
- Budget account
- An account whose money participates in Ready to Assign and category balances. Current, savings, and cash accounts used for the plan usually belong here.
C
- Category
- A job or purpose given to money, such as rent, groceries, travel, or repairs. Categories answer what money is for.
- Category group
- A visual section used to organize related categories. Groups do not hold money themselves.
- Cleared
- A transaction that has settled at the financial institution. Cleared transactions are included when Pigget compares its balance with the institution during reconciliation.
- Committed ahead
- A plan that assigns more than current budget money but no more than named, still-future expected income. The money is not yet spendable; the state explains why the plan is temporarily ahead.
- Credit account
- An on-budget revolving liability. Its negative balance reduces net budget money, purchases reduce spending categories, and payments from another budget account are transfers.
D
- Debt
- An off-budget liability such as a mortgage or personal loan. Its negative balance tracks what remains owed, while a linked repayment category can hold actual cash for the next payment.
E
- Expected income
- Named, dated money you reasonably expect to receive. It explains timing but never changes an account, funds a category, or becomes spendable before the real transaction arrives.
F
- Forecast
- A projection based on current balances, plans, expected inflows, and detected recurring activity. It helps identify pressure ahead but is not a guaranteed outcome.
- Funded
- A plan whose assignments are fully backed by money already held in budget accounts.
I
- Inflow
- A positive transaction. New income normally goes to Ready to Assign; a refund can instead return money directly to the original spending category.
M
- Market value
- What a foreign-currency holding or tracked asset is worth at a more recent exchange rate. It may differ from the stable book value used by historical budget calculations.
- Move money
- Change the plan by reducing one category or Ready to Assign and increasing another by the same amount. No account balance changes.
N
- Native currency
- The currency in which an account or transaction actually exists at the institution.
- Net worth
- Assets minus liabilities. Pigget’s net-worth view can include both budget and tracking accounts without making tracked assets spendable.
O
- On-budget
- Participating in the envelope plan. Budget and credit accounts are on-budget; tracking accounts and ordinary debts are not.
- Outflow
- A negative transaction, normally a purchase, fee, or payment leaving an account.
- Overcommitted
- A plan that assigns more than both current budget money and all relevant expected income. Part of the plan has no named source.
- Overspent
- A category whose available amount is negative because activity exceeded its rollover and assignments. Cover it by moving money from another priority when possible.
P
- Payee
- The person or organization associated with a transaction. Pigget can remember the category previously used for a payee to offer better suggestions.
- Pending review
- An imported transaction that still needs human confirmation, even when Pigget has already suggested or applied a useful category.
R
- Ready to Assign
- Budget money that does not yet have a category. The usual goal is zero: every available unit has a job.
- Reconcile
- Compare Pigget’s cleared account balance with the institution’s cleared balance, correct any difference, and mark the verified history as reconciled.
- Reconciled
- A transaction included in a completed balance check. Reconciled financial fields are protected because changing them would invalidate that checkpoint.
- Rollover
- A positive category balance carried into the next month. Negative balances are not carried per category; they reduce the next month’s Ready to Assign.
S
- Split transaction
- One account transaction divided among several categories, or partly left unassigned.
- Sub-budget
- A detailed internal plan funded by one parent category in the main budget. It divides that category’s money without consuming the same cash twice.
T
- Target
- A rule describing what a category should receive or hold, such as a monthly amount, balance by a date, or repeating spending need. A target guides assignments but does not create money.
- Tracking account
- An account included for net-worth reporting but excluded from Ready to Assign and category calculations.
- Transaction
- A dated change to an account balance. Its assignment determines whether it affects Ready to Assign, a category, several categories, or neither side of the budget as a transfer.
- Transfer
- Money moved between accounts. A linked transfer between two budget accounts is budget-neutral because the outgoing and incoming sides cancel.
U
- Unassigned transaction
- A transaction whose category decision has not been made. Its amount counts toward Ready to Assign so it cannot sit outside the budget’s accounting.
- Uncleared
- A known transaction that has not yet settled at the institution. It affects the working account balance but is excluded from cleared-balance reconciliation.
- Underfunded
- The additional amount a category needs in the selected month to satisfy its target.