Personal Finance

3815 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]

45 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] 2 points 1 year ago (2 children)

I've been a long time You Need A Budget user. It's really put me on the proper budgeting and goal building path.

However I need to likely make some changes in budgeting process to account for, now that I split expense more often with a partner. We've been using Splitwise to track split everyday expenses like groceries. If anyone has recommendations here with YNAB and Splitwise, I'd like to hear them. Right now my reporting in YMAB is all messed up considering the splits we do. When I do get reimbursed by my partner, it's easier to pull from a single category as opposed to splitting that transaction out from what was recorded in Splitwise.

The recent AMEX issues with their import partners (MX and Plaid) are annoying, but I did manual entry back on V4 so nothing I'm not used to. But still considering there's a yearly fee with new YNAB and it doesn't import my main spending card is annoying.

[–] MinionMuffin 3 points 1 year ago (1 children)

If you are using YNAB, a fun trick is to use a split transaction that contains the total amount as an outflow and then the inflow you would receive from your partner to make the math easy. For example:

Split transaction: -100$ - total bill outflow +50$ - partner's portion

YNAB transaction that will apply to the category is 50$.

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

Interesting! I'll have to try to messing with this.

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

My partner and I just combined budgets rather than trying to split everything.

Could you try YNAB together (no extra expense to you and you can offer it free) and use YNAB to split things as mentioned in comment? Or if you don't mind losing some visibility then making a broad "together" expense category to pull from/put into?

Also! Maybe try a different card? Plenty of good cards to try churning! But I agree - it's frustrating when one doesn't pull. My credit unions credit card does that.