Starting a game without transfer budgets

For the first time recently, I started a game having unticked the 'allow transfer budgets in first window' box. I assumed that this would be when you make a bid for a player in your first summer, it would simply go through in January. Obviously, I found out that it is you are allowed to sign players straight away, but only for free. So in the upcoming January, am I expecting to receive a lot of money? For example, would the Man City on my game instantly get £30million to buy a Dzeko?

as barcelona i got about 30m (58m in the bank) and as bologna, i got to choose expectations and i settled with 1.7m out of the 5m i had in the bank balance so yes you should get the choice around 1st jan to tell the board what you're going to do.