A budget caps usage for a wallet against a provider and a model over a recurring period. Add a budget when you create or edit a model wallet, or add a budget from the budgets view in Governance > Cost Management.
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Open the model wallet from Portfolio > Model Proxies > Model Wallets, or open the budgets view in Governance > Cost Management.
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In the Budgets section, select Add Budget.
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Enter the budget details:
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Model Wallet: The wallet you’re adding the budget to. This value is already set.
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Provider: Select an LLM provider.
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Model: Select the model to apply the budget to. This field stays unavailable until you select a provider.
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Period: Select Daily, Weekly, or Monthly.
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Metric: Select Spend to set a dollar limit, or Tokens to set a token count limit.
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Spend Limit (USD) or Token Limit: Enter the maximum allowed value. The field label matches the metric.
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Select Add Budget.
A model wallet can have more than one budget. Each model wallet, provider, and model combination supports only one budget.
Spend-based budgets depend on model costs. To track dollar spend accurately, set a cost for each model on the Models page. Models without configured costs show zero spend. See Setting Model Costs for Spend Tracking.
When usage reaches the budget limit, the model proxy blocks requests for that provider and model. If a fallback route exists, then the model proxy routes the request to the next model in the proxy’s route.
Budgets are approximate rather than a real-time hard cutoff. The model proxy tracks total token consumption across routes as a governance and cost-awareness tool. Usage can briefly exceed a limit before the model proxy blocks requests.