Personal Finance

3802 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

How do you track your personal budget? (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

47 comments fedilink hide all child comments

Do you track your expenses monthly? Annually? Do you have an app or do you use an excel spreadsheet? Any suggested tools?

I use a spreadsheet and track monthly.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 14 points 1 year ago (1 children)

You Need A Budget.

Okay, well maybe you don't but most people benefit from having one. The difference between tracking your expenses and deliberately planning what your money needs to do for you.

There's a thing called the envelope system, or zero-based budgeting, which basically means helps you assign the moneybags you have now, to the expenses you know you'll have. "What does this money need to do until I get paid again?" It's a whole thing, and it works really well.

I don't know how to link to communities but search for /c/ynab (or if you like, also /r/ynab over on that other site).

[–] [email protected] 0 points 1 year ago (1 children)

I love YNAB but I just can’t stomach the price.

[–] [email protected] 3 points 1 year ago (1 children)

I agree with you on the price. They say it pays for itself, and I believe that is true, but it is still a high price.

[–] [email protected] 1 points 1 year ago

Agreed. I wish it was cheaper. Although now with YNAB Together my partner and I can share an account and my sister also agreed to have her budget. (I can technically peek as account manager but I've promised I won't and we're close enough that it's not an issue.) But now it's $30/each!