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Manual vs Autopilot banking mode
Manual vs Autopilot banking mode
An explanation of what happens to your money in manual compared to autopilot
Diederik avatar
Written by Diederik
Updated over a week ago

What is the difference between Autopilot and manual? And how does this affect my finances?

Manual banking mode

Let's start with manual (the vanilla ice cream of Envel money management):
The name pretty much says it all. If you set up a direct deposit, the money will land in your Spending Envelope. From here, it is up to you to transfer money to your different Envelopes according to your budget.

Goals, however, will be funded automatically in manual and autopilot. Make sure you transfer money to Vault as goals are funded out of the Vault. Manual offers you the greatest control over moving your money around in the app between Envelopes. But this can be quite tedious and your manual transfers may even fall victim to forgetfulness sometimes!

Autopilot banking mode

Then we have autopilot in which you can choose a preferred AI mode (think of the wildest, most delicious ice cream flavor out there - this is what Autopilot is like):
Once you have calibrated your income and expenses, autopilot can be turned on. Every time your paycheck lands it will be automatically allocated to the different envelopes depending on your calibrations. However, your custom and shared envelopes will have to be manually funded according to your own requirements. So you will need to transfer money into this envelopes from cash as you see fit. As in manual, your goals will be automatically funded in autopilot so you can sit back and watch them grow every week!

I hope this clarifies any confusion! Please feel free to ask more questions :)

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