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.

  • PlutoniumAcid@lemmy.world
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    1 year ago

    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).

      • PlutoniumAcid@lemmy.world
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        1 year ago

        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.

        • mapiki@discuss.online
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          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!

    • pogosort@kbin.social
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      1 year ago

      Thanks for the comment. It doesn’t seem to have gained much traction yet but it does look promising.

  • stephaaaaan@feddit.de
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    1 year ago

    Ever since YNABs price hike I wanted to have an alternative, but all were not really up there yet. For a few weeks, I am using ActualBudget which has been open-sourced by the developer and is actively maintained, including the „recently“ introduced support for goals :)

    Edit fixed url

    • ahal@lemmy.ca
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      1 year ago

      Would you mind elaborating on your import pipeline? I was thinking of using email as a trigger as well, but thought it wouldn’t work too well.

      • TheButtonJustSpins@infosec.pub
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        1 year ago

        No problem. I’ve got every account set to send me an alert on the lowest monetary value it supports (stupid AMEX with its $10 minimum), and I’ve got rules in my email to move those alerts into an Actual folder.

        Then, I use my transaction fetcher to import the transactions from the email alerts into Actual. I look at Actual periodically to categorize the transactions.

        It works pretty well for me at this point. I haven’t published the image to DockerHub yet, but i think it’s ready for an alpha image. Let me know if you have questions or need help (or want to contribute)!

        • ahal@lemmy.ca
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          1 year ago

          Thank you, that looks awesome!

          Do your institutions send alerts with data in a consumable format? I’m in Canada, land of the shitty bank software and it seems I can only get PDFs from most places. I have one that doesn’t even let you download transactions outside of the monthly statement :(

          • TheButtonJustSpins@infosec.pub
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            1 year ago

            I mean, for a given level of consumable. You can see in the TransactionFetcher.Readers.* libraries how I’m parsing the data out of HTML emails, which is less than optimal, but it works, at least until they change email formats and I have to make changes.

            Your neighbors to the south also have shitty bank software, unfortunately.

  • GitProphet@lemmy.sdf.org
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    1 year ago

    I use a google spreadsheet (to have it synced across devices) for manual transactions with physical money. zthat, and the digital transactions from my banks I aggregate in GnuCash about every quarter or so.

  • Christopher@lemm.ee
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    1 year ago

    Used to use gnucash on Linux desktop for a goooood long while. I wanted nicer reports so I shopped around with homebank (one developer so slow development but very nice project!) and tried money dance (didn’t like it, though I tried really hard). Eventually tried my own spreadsheets and apsire budget but finally settled on YNAB because I need a hands-off approach as I’m so busy.

    I reconcile accounts every few days and auto-sync my banks with plaid (YMMV on how much you’re into that) and it works for me. I’m happy paying the subscription but if it ever goes to US$150/yr I’m probably going to quit it.

  • viper9@lemmy.world
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    1 year ago

    A spreadsheet, it compares against monthly trends, and splits the transactions by type. It also tracks shares, and debts.

    plus I “compete” with 2 mates to see who spends the least month on month. They are super tight though, so it’s hard for me. I did win June though, first win since March 2022

  • bytor9@lemmy.ml
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    1 year ago

    Controversial take - no budget. Split income into 3 or more buckets - savings, critical bills (rent, utilities, debt, etc), and discretionary. I manage as separate accounts.

    Spend discretionary freely and enjoy the peace or mind that your financial future is secured by the first 2 buckets. If you run low, rice and beans til next paycheck.

    No need to track coffee expenditures, you’ll realize during rice and beans week that you can make it at home.

    Your mileage may vary.

  • falk1856@lemmy.ml
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    1 year ago

    My wife and I use Goodbudget with a single login. It’s pretty quick to add purchases as they are made and easy to look through the history and see trends.

  • blueskycorporation@lemmy.world
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    1 year ago

    Money Manager Ex. It saves the file as a SQLite database, which makes it easy to parse. I have a couple python scripts that extract the numbers, and generate a JSON file with numbers, png graphs using matplotlib, and I have another module that takes the generated graphs, numbers, and a latex template, and generate a nice PDF.

    For instance, when the script finds a brokerage account, it separates out deposits / withdrawals from actual P/L to calculate true time weighted returns.

    Budget-wise, I look at it on a yearly basis. This is important because some significant expenses have an annual frequency (practice insurance, housing insurance, etc), or bi-annual frequency (car insurance…) And some expenses are discrete frequencies throughout the year (vacation, etc…)

    It requires more discipline than on a monthly basis, but the reasoning behind it is if we spend more than we earn on a given month, it is not necessarily bad, because it might just be the month we went on vacation, or the month we had our yearly insurance premium. The important goal is to spend less than we earn on average . So over the long run wealth accumulates naturally. Short term deviations are not important as long as our long term lifestyle is aligned with our income.

    • Hexadecimalkink@lemmy.mlOP
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      1 year ago

      So your python scripts extract from PDF statements? Did you use a pre-made template and customized it or did you program it from scratch? I track monthly by copy pasting/transcribing from the monthly statements - it takes me about an hour a month on a Saturday or Sunday to fill out and then another hour of contemplating spending.

      • blueskycorporation@lemmy.world
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        1 year ago

        The other way around, I use the script to generate a PDF based on the money Manager Ex file (which is in SQLite format).

        Fortunately I am able to download a CSV from most financial institutions, so I never have to parse their pdf.

        My workflow is

        • download all CSVs and import in money Manager Ex
        • categorize spending within the software, reconcile transactions, etc
        • run the script against the money Manager Ex file to generate a PDF.

        I am surprised you have to copy paste from your monthly statements? Is it possible that on your banks portal, deep into the menus you have an option to download as CSV?

        • Hexadecimalkink@lemmy.mlOP
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          1 year ago

          Interesting thanks. Where I’m from banks don’t often offer csv export, I will request the feature.

  • abominable_panda@lemmy.world
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    1 year ago

    Gnucash desktop for almost a decade. I use the Gnucash app on the go to log entries id otherwise forget (e.g cash exchanges without receipts)

    There was also Aspire Budget thats used to be a free spreadsheet but going on the site now it seems theyve added a subcription charge for something. I never used it so dont know its worth

  • TheDaveAbides@midwest.social
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    1 year ago

    Spreadsheet (Numbers) for the monthly estimate and reconciliation. MoneyWiz for more detailed manual tracking/calculations. And for some reason I do still use checkbook registers as well.