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THE BUDGETING WIZARD

Using Workplace Investment Matching (Step 8)

Step 8 helps you track workplace investing and employer match amounts that are already handled before your take-home income arrives.

3 min read

If you have workplace investment matching, flip the toggle on. Two inputs appear: your payroll deduction for this income deposit and the employer match amount. These are tracked as wealth building, but they do not reduce the cash left to allocate because they are already removed before payment.

How to read the output

  • My payroll deduction (per deposit) — the amount already withheld from gross pay.
  • Employer match (per deposit) — free money your employer adds.
  • Combined annual — total going into your retirement account this year.
  • Hero projection — the combined value at retirement age with inflation-adjusted growth.

Heads up

Contributing less than your match cap means leaving money on the table. The app flags this if your contribution is below the matched threshold.

More in The budgeting wizard

Picking a strategy in the Debt Destroyer (Step 9)

Step 9 lets you choose Snowball or Avalanche. Both use the same monthly budget — only the order of attack differs.

Using the Safety Net step (Step 7)

The Safety Net step sets your emergency fund target and tells Payday Audit how much to allocate each income deposit.

Entering your pay details (Step 1)

Step 1 is the foundation of every calculation. Enter your net income, income frequency, and next income date so the rest of the wizard knows what it's working with.