One of PennyGo’s most useful features is that you don’t have to work out how much to move into each account every payday.
Once you’ve added your regular expenses, savings, income and account arrangements, PennyGo can do the planning for you.
On your Plan Day, it works out what needs funding, recognises money that’s already in the right place and shows you any transfers needed to prepare for your upcoming commitments.
Here’s how it works.
First, PennyGo looks at what you need
PennyGo starts with the expenses and savings you’ve added under Spend & Save.
These might include rent, electricity, groceries, subscriptions, car registration or money you’re putting towards a holiday.
It considers when each commitment needs money and how much falls within your Plan Cycle.
If you share an expense with someone, PennyGo also considers your agreed share. For example, if you and your partner split a $400 electricity bill equally, your individual responsibility is $200, not the full $400.
It also accounts for relevant payments or contributions already made, so you’re not asked to fund the same commitment twice.
Next, it checks what’s already in place
Imagine you’re preparing for a $300 electricity bill.
You have a separate Bills account, and $100 of eligible money is already there for that bill.
PennyGo recognises that $100, so it doesn’t need to be transferred again.
That leaves another $200 to put in place.
If you’ve got $200 of eligible money available in your Everyday account, PennyGo can suggest transferring it into Bills.
Example only — amounts assume no other commitments, coverage or restrictions.
Your electricity bill
Amount
Amount to prepare for
$300
Already in your Bills account
−$100
Additional money needed
$200
Available to transfer
$200
Suggested transfer to Bills
$200
Still to fund
$0
Rather than asking you to put aside another $300, PennyGo only suggests moving what’s actually needed.
Money that’s already where it belongs stays there.
Where does the available money come from?
PennyGo uses the income and account arrangements you’ve set up to understand which money can help fund your plan.
When you add income, you can choose how it participates:
Outside plan: This income isn’t available for funding your PennyGo plan.
Use where it lands: The money can help cover commitments in the account where it arrives, but isn’t available to transfer elsewhere.
Available to move: The money can be used where it arrives or moved to another account when needed.
These choices help PennyGo respect how you want to organise your money.
It also considers timing. Income you’re expecting next week isn’t treated as money already available today.
And if you’re planning separately from your partner, PennyGo doesn’t simply use their income to cover your responsibilities.
What if there isn’t enough money?
Let’s return to the electricity bill.
You need another $200, but this time only $120 is eligible and available.
PennyGo can recognise the $120 while showing that another $80 still needs funding.
That’s what Still to fund means.
It doesn’t reduce the amount you owe or assume someone else will cover the difference. It simply shows that your plan hasn’t yet accounted for enough eligible money.
You can then decide whether you need to make changes, arrange additional funding or revisit your commitments.
When money is limited across several expenses, PennyGo considers those requirements together rather than pretending every one is fully funded.
What you’ll see on Plan Day
When enough information is available, your Dashboard’s Plan Day section brings these calculations together.
You’ll see figures such as Funding required, Already where it needs to be and Funds to transfer, followed by the accounts involved in any suggested movements.
You may also see money left after commitments or an amount marked Not covered.
You don’t need to repeat PennyGo’s calculations yourself. Review the instructions, make the necessary transfers through your bank and your money can be positioned for the commitments ahead.
PennyGo doesn’t automatically transfer money or verify every bank balance, so it’s important that your account information reflects your circumstances.
If you haven’t added income, PennyGo can still show the commitments you’re planning for, but it won’t claim to know which account should fund them.
A plan that works with what you already have
The idea behind PennyGo is straightforward: work out what needs to be funded, recognise what’s already taken care of and only suggest the money movements that are necessary.
Once your usual arrangements are set up, you shouldn’t have to calculate transfers for every individual bill each payday.
PennyGo helps you see what needs to happen. You stay in control of your money.