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It is extremely annoying that I can't sort the expense reports by the highest spending sub category.
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May 5, 2019 23:52
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What's the best way to deal with biweekly paychecks? Right now my money isn't "aged" so maybe it's a bit worse. Do I just take in my next paycheck and then just readjust my budget to where the extra 💰 is going? Eventually I'd like to get to the point where I am using the same budget for every month.
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May 7, 2019 01:52
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back when I wasn't paid twice a month I just budgeted based on two paychecks a month and then the three paycheck months were a bonus
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May 7, 2019 02:33
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tater_salad posted:What's the best way to deal with biweekly paychecks? Right now my money isn't "aged" so maybe it's a bit worse. 100 HOGS AGREE posted:back when I wasn't paid twice a month I just budgeted based on two paychecks a month and then the three paycheck months were a bonus I think this is a great strategy to build up a buffer so you can get your bills budgeted for a few days month in advance. In the meantime you can put your first paycheck to the essentials and the second to the fun stuff. Psychologically I think it's a good tactic to remember that you're trying to save money and the cash you have is for your subsistence. If your budget is based on four weeks of income it'll take about 14 weeks until you've got enough saved for a month's budget.
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May 7, 2019 02:48
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100 HOGS AGREE posted:back when I wasn't paid twice a month I just budgeted based on two paychecks a month and then the three paycheck months were a bonus We also did this. Both my wife and I were working at the same place so had the same fortnightly pay schedule, it was a great way to increase our buffer even further and also progress on voluntary lump sum mortgage repayments.
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May 7, 2019 03:08
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StormDrain posted:If your budget is based on four weeks of income it'll take about 14 weeks until you've got enough saved for a month's budget. How I put this into practice. I put my extra into a temp category until it was enough for my monthly expenses. Once I hit that point, I budgeted the next month for the funds in that category, and every new paycheck is now held in to be budgeted until the next month. Budgeting only happens on the first Saturday of the month. Before I got to this point, I budgeted per paycheck from top category to bottom (arranged most important to least). Giant Metal Robot fucked around with this message at 16:47 on May 7, 2019 |
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May 7, 2019 16:44
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Giant Metal Robot posted:How I put this into practice. I put my extra into a temp category until it was enough for my monthly expenses. Once I hit that point, I budgeted the next month for the funds in that category, and every new paycheck is now held in to be budgeted until the next month. Budgeting only happens on the first Saturday of the month. Before I got to this point, I budgeted per paycheck from top category to bottom (arranged most important to least). I did something similar but I kept that temp category and named it Next Month. I store any income that comes in the current month there, turn on the 1st I move it into to be budgeted and allocate it out.
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May 7, 2019 17:16
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100 HOGS AGREE posted:back when I wasn't paid twice a month I just budgeted based on two paychecks a month and then the three paycheck months were a bonus Which is another reason as to why I'd probably not like automatic updates. I can pretend I have both paychecks and budget accordingly each month just being careful not to pay out more than is in my actual account. My mental budget does weird poo poo like. My 2nd paycheck of the month goes to rent for the following month and the following check (first few days of month) pays out my child support (paid once a month) I really would like to see a budget software that has a 2 week schedule. I'll get there I guess. tater_salad fucked around with this message at 00:58 on May 8, 2019 |
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May 8, 2019 00:53
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YNAB and all the software mentioned in this thread is about implementing zero-based budgeting. It sounds like you're not really interested in that? That's fine of course, you should definitely do what works best for you. But you're just going to end up extremely frustrated (seriously!) trying use software mentioned in this thread with any other kind of budgeting method. There's the Getting Started Guide, Free Live Workshops and a huge library of videos. You can use the YNAB free trial while learning and then go on to use any of the software we frequently mention in here (YNAB, Financier, Budgetwise, EveryDollar etc). The goal should be to learn and use zero based budgeting, if that's not your goal, then none of this software is the answer.
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May 8, 2019 01:26
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it's 100% my goal and I understand Giving every dollar a job / building up areas like "car repair" and "Clothes" and "Gym" (My guy gets paid every 8 weeks not 4), as well as doing things like building a little buffer for grocery etc. The thing that I'm having a hard time wrapping my head around is if I'm making 1,500 every 2 weeks (3,000 a months depending on pay day) how am I minimizing my time dicking around in the software (readjusting budget for my second paycheck), or is that just a fact life with zero based budgeting? Do I take each time I get paid and then adjust my budget for the month (Since a new one wont' roll over until next month)? Do I just start the month listing the 2 pay transactions I expect and then budget for that?
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May 8, 2019 10:37
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The idea is that you only assign the money into categories as it comes in (i.e. as you get paid). If you're fully budgeted for the month, you assign it to categories for the next month, and so on. It's not really conducive to a hands-off approach.
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May 8, 2019 10:54
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Okay got it, I'll keep on it. I'm enjoy budgeting so far and honestly will help me probably spend more on some stuff as I generally hold back on things like clothes etc because I'd rather hold on to the cash.
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May 8, 2019 11:05
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tater_salad posted:The thing that I'm having a hard time wrapping my head around is if I'm making 1,500 every 2 weeks (3,000 a months depending on pay day) how am I minimizing my time dicking around in the software (readjusting budget for my second paycheck), or is that just a fact life with zero based budgeting? Note this becomes instantly easier once you stop living paycheck to paycheck. If you have an entire month's expenses saved up ahead of time, you just spread it all out on the first of the month to your categories. Any income that comes in during that same month just gets assigned to a savings category. Then it doesn't matter when a paycheck comes in (or if its 2 per month, 3 per month) because you aren't worrying about it until the following month.
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May 8, 2019 11:11
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tater_salad posted:it's 100% my goal and I understand Giving every dollar a job / building up areas like "car repair" and "Clothes" and "Gym" (My guy gets paid every 8 weeks not 4), as well as doing things like building a little buffer for grocery etc. If/when you have enough of a buffer, you can assign your incoming paychecks to a 'budget for next month' category. Then when a new month starts, move the money back out of that category into 'to be budgeted', and do your budgeting for the month. This does require you to have enough money saved up that you can just leave your paychecks essentially unbudgeted until the next month is there. Under no circumstance should you try budgeting money you haven't received yet, that's not how this works. So until you're buffered up, you'll have to budget every 2 weeks.
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May 8, 2019 12:23
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FateFree posted:Note this becomes instantly easier once you stop living paycheck to paycheck. If you have an entire month's expenses saved up ahead of time, you just spread it all out on the first of the month to your categories. Any income that comes in during that same month just gets assigned to a savings category. Then it doesn't matter when a paycheck comes in (or if its 2 per month, 3 per month) because you aren't worrying about it until the following month. Ive debated moving that buffet over from my "savings don't touch" account, but I'd rather just build that buffer up over time. The way I've done it before was to basically take my end of month balance prior to getting paid again and dump my leftover into savings. It May not be bfc approved but I'd get anxious pulling a paychecks worth back over to usable money.
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May 8, 2019 12:45
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To each his own, but when you start embracing this style of budget, your bank account balances will no longer mean anything to you, because you will trust in your category allocations instead. It took me a few months to get in that mindset, so maybe you need to arrive there naturally. Although at the same time it would be so much simpler to use that money as a buffer, it's not like you would be using any more or less than you are today, you are just giving it a smarter job of Buffer rather than Savings.
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May 8, 2019 13:27
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This is what I would do if we life-swapped but I kept all my budgeting knowledge: 1) Take 2 paychecks worth of your savings and transfer it in to checking. Add it to my Next Month category. 2) Continue living the rest of this month however you are used to doing it. On June 1st everything changes. 3) June 1st, move that next month money to all of your categories for June. This is ALL the money you are allowed to spend this month. 4) Any income in June goes to the next month category. If/when that amount exceeds your monthly expenses, the extra goes into an Emergency Savings category. * 5) Rinse repeat until I have 3-6 months saved up in emergency It might be a drastic change to you, but that's how you switch from Paycheck to Paycheck to Buffered. * Keep in mind this amount does NOT need to correlate with a savings bank account. I personally like to keep 10k in checking and transfer anything above that over to my savings account, but this has nothing to do with my budget. I'll just periodically look and say whoops my checking account is above 10k, let me move the rest to savings. Don't try to keep your savings account balance in sync with your buffer/emergency savings categories - that's not the point. FateFree fucked around with this message at 14:12 on May 8, 2019 |
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May 8, 2019 13:36
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It's all about the categories, man. The balances are just natural consequences of where the money happens to reside at any moment in time. The categories gives the money its job.
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May 8, 2019 13:51
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For a long time I was having a hard time with YNAB because “aaaaaaaa I cant keep building this buffer so I have next month money” and quitting every few months And then I just shifted my savings over to work as that month buffer (which totally sucked, seeing my savings ‘disappear’) and everything has been good and fine for the past five years
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May 8, 2019 21:25
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Sockser posted:For a long time I was having a hard time with YNAB because “aaaaaaaa I cant keep building this buffer so I have next month money” and quitting every few months same, it felt like we were taking a big risk because the savings account went down by a month's salary but it really did change everything and make the whole thing just work.
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May 8, 2019 22:20
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Put the savings account on budget, and then create a category to stuff all surplus you don't want to touch into that category. Where the money is exactly doesn't matter, it's internal accounting on your part. If you can cover all daily expenses with your checking account, fine, if not, transfer money from savings. And then back when you get paid.
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May 8, 2019 23:21
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Agreeing with all three if the last posts. Sane story here. Shifting my savings to on-budget and building a buffer has allowed me to save so much more easily.
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May 9, 2019 00:21
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I work freelance so my income changes a lot but I’d like to budget my money better Is ynab good for freelancers or is it better for people with predictable income?
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May 9, 2019 02:36
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Snowy posted:I work freelance so my income changes a lot but I’d like to budget my money better Yes, but you need a bigger buffer than a regular employee because your income may come in fewer, larger chunks. 3 months worth? It depends on your income. But once the buffer is in place youll budget the same as anyone else.
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May 9, 2019 02:46
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YNAB’s price is going up again “to more accurately reflect the value you get from the software” gently caress off with that Like I’m grandfathered into beta pricing but the language around their price hikes really loving sticks in my craw
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May 15, 2019 19:55
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Wtf-how much is it going to be now?
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May 15, 2019 20:09
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I may switch to budgetwise first of this month only being in a little bit. It's a small hassle entering in the info but my guess is it'll be 100/yr which Imo I'd rather pay 100 once and just deal with manual entry.
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May 15, 2019 20:22
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when/where did they announce another price increase?
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May 15, 2019 21:47
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Sockser posted:YNAB’s price is going up again “to more accurately reflect the value you get from the software” I haven’t seen this anywhere yet.
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May 15, 2019 22:08
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I saw a message that said "you probably already know we take the user experience very seriously" and I probably made the most incredulous face of my entire life.
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May 16, 2019 01:05
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Sockser posted:YNAB’s price is going up again “to more accurately reflect the value you get from the software”
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May 16, 2019 01:13
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I haven't seen any message about that either and I'm subscribed to all the things I think? The last email I got was this massive update A multi paragraph blog post about how they changed the contrast slightly.  NYNAB still isn't in feature parity with YNAB 4 is it? Still missing advanced reporting? A second price hike would be pretty 
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May 16, 2019 01:16
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What's missing from reporting is mostly Spending by Payee and the ability to drill down to single categories on the bar charts (you can make do by fiddling the category list, but what the hell). Reporting on mobile is a loving shitshow. Conversely, the web app lacks the Age of Money graph the mobile one has, and they said that they're definitely not going to implement that one in the web app either.
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May 16, 2019 01:30
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One possibility is that I'm crazy Another is that I got this notification today: Xik posted:I haven't seen any message about that either and I'm subscribed to all the things I think? The last email I got was this massive update But I swear I saw a thing saying it was going to $8 a month
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May 16, 2019 05:50
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Hard pass on subscription software. I'm totally OK with buying a fully featured software once. I'll even get a new version in a couple of years if the new features are great. Software producers must know the kind of blue sky growth and profit available when everyone was buying their first computers is over and this is a way of maximizing profit. I'm not interested in helping, you'll just have to earn less money. Mostly directed to Microsoft office. I'd be happy using word 2003, my letter writing needs haven't gotten any more complex since then.
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May 16, 2019 06:08
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StormDrain posted:Hard pass on subscription software. I'm totally OK with buying a fully featured software once. I'll even get a new version in a couple of years if the new features are great. Software producers must know the kind of blue sky growth and profit available when everyone was buying their first computers is over and this is a way of maximizing profit. I'm not interested in helping, you'll just have to earn less money. lol Adobe has started cancelling people's CS5 licenses
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May 16, 2019 06:22
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Someone needs to cancel Adobe. I think I'm probably done with giving those muppets my money each month to be honest.
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May 16, 2019 18:34
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dropbox + desktop software = suddely everything is cloud-powered with no monthly subscriptions! (except for dropbox which is actually good) for real though, if YNAB is going up _again_ then i'm not going to bother and I'll find another budgeting solution that doesn't involve a subscription.
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May 16, 2019 22:21
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Just keep in mind that eventually, Dropbox is going to update their APIs and YNAB will stop updating the desktop software. My biggest complaint with YNAB4 was that every other week, either my wife or I would get the "the desktop version triggered a re-sync," and would make you reload your budget, blowing away a week or two worth of transactions for... reasons. Not dealing with that, getting auto-import for transactions I forget to manually enter, and the new budget balance color contrasts make it entirely worth the cost. But yeah, gently caress them if they keep increasing the price though. There have been no meaningful features added in the past forever.
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May 16, 2019 22:30
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I like how you're all bitching about a price increase that's not even happening
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May 16, 2019 22:43
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