diff --git a/src/mainwindow.cpp b/src/mainwindow.cpp
index 7be6943..1a81f29 100644
--- a/src/mainwindow.cpp
+++ b/src/mainwindow.cpp
@@ -470,18 +470,27 @@ void MainWindow::onWalletOpened() {
 
 void MainWindow::onBalanceUpdated(quint64 balance, quint64 spendable) {
     qDebug() << Q_FUNC_INFO;
-    bool hide = config()->get(Config::hideBalance).toBool();
 
-    QString label_str = QString("Balance: %1 XMR").arg(WalletManager::displayAmount(spendable, false));
-    if (balance > spendable) {
-        label_str += QString(" (+%1 XMR unconfirmed)").arg(WalletManager::displayAmount(balance - spendable, false));
+    bool hide = config()->get(Config::hideBalance).toBool();
+    int displaySetting = config()->get(Config::balanceDisplay).toInt();
+
+    QString balance_str = "Balance: ";
+    if (hide) {
+        balance_str += "HIDDEN";
+    }
+    else if (displaySetting == Config::totalBalance) {
+        balance_str += QString("%1 XMR").arg(WalletManager::displayAmount(balance, false));
+    }
+    else if (displaySetting == Config::spendable || displaySetting == Config::spendablePlusUnconfirmed) {
+        balance_str += QString("%1 XMR").arg(WalletManager::displayAmount(spendable, false));
+
+        if (displaySetting == Config::spendablePlusUnconfirmed && balance > spendable) {
+            balance_str += QString(" (+%1 XMR unconfirmed)").arg(WalletManager::displayAmount(balance - spendable, false));
+        }
     }
 
-    if (hide)
-        label_str = "Balance: HIDDEN";
-
     m_statusLabelBalance->setToolTip("Click for details");
-    m_statusLabelBalance->setText(label_str);
+    m_statusLabelBalance->setText(balance_str);
     m_balanceWidget->setHidden(hide);
 }
 
diff --git a/src/settings.cpp b/src/settings.cpp
index 2843318..845f7a3 100644
--- a/src/settings.cpp
+++ b/src/settings.cpp
@@ -74,7 +74,11 @@ Settings::Settings(QSharedPointer<AppContext> ctx, QWidget *parent)
     connect(ui->comboBox_dateFormat, QOverload<int>::of(&QComboBox::currentIndexChanged), this, &Settings::comboBox_dateFormatChanged);
     connect(ui->comboBox_timeFormat, QOverload<int>::of(&QComboBox::currentIndexChanged), this, &Settings::comboBox_timeFormatChanged);
 
-    // setup preferred fiat currency combobox
+    // Balance display combobox
+    ui->comboBox_balanceDisplay->setCurrentIndex(config()->get(Config::balanceDisplay).toInt());
+    connect(ui->comboBox_balanceDisplay, QOverload<int>::of(&QComboBox::currentIndexChanged), this, &Settings::comboBox_balanceDisplayChanged);
+
+    // Preferred fiat currency combobox
     QStringList fiatCurrencies;
     for (int index = 0; index < ui->comboBox_fiatCurrency->count(); index++)
         fiatCurrencies << ui->comboBox_fiatCurrency->itemText(index);
@@ -155,6 +159,11 @@ void Settings::comboBox_timeFormatChanged(int pos) {
     config()->set(Config::timeFormat, m_timeFormats.at(pos));
 }
 
+void Settings::comboBox_balanceDisplayChanged(int pos) {
+    config()->set(Config::balanceDisplay, pos);
+    m_ctx->updateBalance();
+}
+
 void Settings::copyToClipboard() {
     ui->textLogs->copy();
 }
diff --git a/src/settings.h b/src/settings.h
index 10c0ba6..24d01db 100644
--- a/src/settings.h
+++ b/src/settings.h
@@ -40,6 +40,7 @@ public slots:
     void comboBox_amountPrecisionChanged(int pos);
     void comboBox_dateFormatChanged(int pos);
     void comboBox_timeFormatChanged(int pos);
+    void comboBox_balanceDisplayChanged(int pos);
 
     void comboBox_blockExplorerChanged(int pos);
     void comboBox_redditFrontendChanged(int pos);
diff --git a/src/settings.ui b/src/settings.ui
index 71787f3..533afdf 100644
--- a/src/settings.ui
+++ b/src/settings.ui
@@ -162,6 +162,32 @@
          <item row="4" column="1">
           <widget class="QComboBox" name="comboBox_timeFormat"/>
          </item>
+         <item row="5" column="0">
+          <widget class="QLabel" name="label_2">
+           <property name="text">
+            <string>Balance display:</string>
+           </property>
+          </widget>
+         </item>
+         <item row="5" column="1">
+          <widget class="QComboBox" name="comboBox_balanceDisplay">
+           <item>
+            <property name="text">
+             <string>Total balance</string>
+            </property>
+           </item>
+           <item>
+            <property name="text">
+             <string>Spendable balance (+ unconfirmed balance)</string>
+            </property>
+           </item>
+           <item>
+            <property name="text">
+             <string>Spendable balance</string>
+            </property>
+           </item>
+          </widget>
+         </item>
         </layout>
        </item>
        <item>
diff --git a/src/utils/config.cpp b/src/utils/config.cpp
index ee0e732..7d84f00 100644
--- a/src/utils/config.cpp
+++ b/src/utils/config.cpp
@@ -57,6 +57,7 @@ static const QHash<Config::ConfigKey, ConfigDirective> configStrings = {
         {Config::amountPrecision, {QS("amountPrecision"), 12}},
         {Config::dateFormat, {QS("dateFormat"), "yyyy-MM-dd"}},
         {Config::timeFormat, {QS("timeFormat"), "HH:mm"}},
+        {Config::balanceDisplay, {QS("balanceDisplay"), Config::BalanceDisplay::spendablePlusUnconfirmed}},
 
         {Config::multiBroadcast, {QS("multiBroadcast"), true}},
         {Config::warnOnExternalLink,{QS("warnOnExternalLink"), true}},
diff --git a/src/utils/config.h b/src/utils/config.h
index d810328..1a5f922 100644
--- a/src/utils/config.h
+++ b/src/utils/config.h
@@ -55,6 +55,7 @@ public:
         amountPrecision,
         dateFormat,
         timeFormat,
+        balanceDisplay,
 
         multiBroadcast,
         warnOnExternalLink,
@@ -78,6 +79,12 @@ public:
         allTor
     };
 
+    enum BalanceDisplay {
+        totalBalance = 0,
+        spendablePlusUnconfirmed,
+        spendable
+    };
+
     ~Config() override;
     QVariant get(ConfigKey key);
     QString getFileName();