Answer
Budget Tracker is a Hive+ feature that helps you stay on top of your heating spend. It forecasts your annual heating costs, sets monthly spending limits, and keeps you informed with alerts - so you always know if you’re on track, overspending, or under budget.
How to Access Budget Tracker
- Open the Hive app and go to Insights.
- Tap Budget Tracker to see your current spend, monthly budget, and forecast.
- From here, you can view details, adjust your budget, and track progress.
What You’ll See
When you open Budget Tracker, you’ll see:
- Current Spend vs Budget – showing how much you’ve spent compared to your monthly limit.
- Forecast Line – estimating what you’ll spend by the end of the month if your current usage continues.
- Status Messages – clear indicators if you’re On Track, Overspent, or Underspent.
Month-to-Month View
Budget Tracker lets you compare your spend across different months, helping you spot trends and changes in usage. Each month is colour-coded based on whether you’re Underspent, On Target, or Overspent.
Adjusting Your Budget
You can update your monthly budget at any time:
- Tap the edit icon on your current budget.
- Choose a new monthly limit from the options provided.
- Tap Done to save your change.
Why Use Budget Tracker?
- Avoid surprises on your energy bills with clear monthly tracking.
- Set achievable targets based on real usage data.
- Get timely alerts when you’re nearing or exceeding your budget.
- Track progress over time to see the impact of small changes to schedules and settings.