Jump to content


Photo

Budget Software/Apps Recommendations?


  • Please log in to reply
7 replies to this topic

#1 RaeJane

RaeJane

    Frequent Poster

  • avid user
  • PipPipPipPip
  • 546 posts

Posted 29 July 2012 - 12:11 AM

DH and I are trying really hard to save for a home deposit, so I've been focussing recently on setting up a better budget and making sure we stick with it so that we can put away more money.

My SIL recommended going with My Budget who pretty much take full control of all your finances and give you spending money each week, she swears by it. I don't like the idea of not having control of our money though, and we'd have to pay $1000 plus an ongoing fee for it.

So, DH and I have decided to see if we can do it by ourselves and have discussed getting budget software (even better with an iPhone app) to help us keep on top of it. I'm currently using the trial version of YNAB (you need a budget) but, for something worth $60 (after the first free month) I'm not liking it much.

Does anyone use/know of something that they can recommend?
Married 6th March, 2010

LTTTC since January, 2011 (MFI)


Check out my blog here: Spot of Colour

#2 Camilla

Camilla

    Roar!

  • avid user
  • PipPipPipPipPipPipPip
  • 4,024 posts

Posted 29 July 2012 - 07:56 AM

We use an app called Home Budget. You can set it up on multiple devices and sync them together. We have been using it for a year now and it works nicely. It is really easy to use once you get into the pattern and it can be good when you set a budget amount for each area (groceries/presents/electricity etc) and it is clear when you are within the budget (green line) or over (red line). It really opened my eyes on where our money was going ( blush.gif coffee when out for me). I have been really bad this month in recording things. It does take time but if you really have some goals, it can be worth it.

Good luck setting some realistic goals and making them happen!
Camilla
C&S 02-11-2002
DS 23-04-2007
DD 09-11-2009

(Angel Baby - Ectopic - 19th December 2005)
(CP - 19th August 2008)

#3 mango

mango

    i-do Addict

  • avid user
  • PipPipPipPipPipPip
  • 2,383 posts

Posted 29 July 2012 - 08:03 AM

I have just set up an excel spreadsheet and a couple of accounts. One account for dh and 1 for me (and the kids) that is our individual spending money on extracurricular crap that's not within the budget. Because dh is a terrible spender he doesn't really have easy access to other funds (could if I give him the log in details again but he always forgets them). In the spread sheet is listed EVERY outgoing expense, its frequency and a calculation of how much that is per pay. It all comes out and put into another account solely for bills before the pay is touch. Our spending money is what is leftover from our pay divided between us. It's way more in-depth then that but that's the basics of it and the rest is relevant to our individual budget needs.

#4 Guest_Windsor_Guest

Guest_Windsor_Guest
  • Guests

Posted 29 July 2012 - 08:59 AM

That home budget app sounds interesting....

I use the AMP budget planner spreadsheets, have been for a couple of years. But that relies on me noting things down on the file ever couple of days.

#5 RaeJane

RaeJane

    Frequent Poster

  • avid user
  • PipPipPipPip
  • 546 posts

Posted 29 July 2012 - 09:59 AM

I was actually looking at the home budget app last night, it seemed to have some good feedback and I love how we can sync it across both mine and DHs phones.

I've been using my spreadsheet the past few months and that's improved things, but having figures right here on my phone and updating straightaway, plus being able to check it while we're out and likely to spend, will be a lot better. Lately we've set up an automatic transfer into a second account we have which is just for paying bills, that comes out on payday so it forces us to just live on the remaining for the rest of the week. This has worked well.

Off to download that app ....
Married 6th March, 2010

LTTTC since January, 2011 (MFI)


Check out my blog here: Spot of Colour

#6 Camilla

Camilla

    Roar!

  • avid user
  • PipPipPipPipPipPipPip
  • 4,024 posts

Posted 29 July 2012 - 01:39 PM

What I like about it is you can put in your bills as you get them and then when you pay them you just add the date and it puts it into your expenses and marks them as paid. You can have as many categories/accounts/payees as you can think of. You can export to Excel if you want to reconcile (which hubby does for us because I have enough trouble just putting things in at the moment). If you have things you can tax deduct, you can have a category for that so it is easy to search at the end of year. You can also have split categories for one amount eg. Big W = $10 on clothes, $20 on a DVD and $20 on washing powder.

ETA - I also use the periodic payments function on my internet banking to automatically transfer bits and pieces around so we never see them but they add up.
Camilla
C&S 02-11-2002
DS 23-04-2007
DD 09-11-2009

(Angel Baby - Ectopic - 19th December 2005)
(CP - 19th August 2008)

#7 Swarles Barkley

Swarles Barkley

    Legend-wait for it-dary!

  • avid user
  • PipPipPipPipPipPipPip
  • 14,067 posts

Posted 29 July 2012 - 05:06 PM

I can't help with a program, but one thing I found helpful was to make fortnightly payments on bills. I worked out a rough average of the cost of our electricity/gas/phones/rates, and it comes out each fortnight. It means that when we get a bill it is small, and quite manageable.


<a href="http://lilypie.com/"><img src="http://lb1f.lilypie....om/IXnfp10.png" width="400" height="80" border="0" alt="Lilypie First Birthday tickers" /></a>

#8 RaeJane

RaeJane

    Frequent Poster

  • avid user
  • PipPipPipPip
  • 546 posts

Posted 29 July 2012 - 05:55 PM

QUOTE(Swarles Barkley @ Jul 29 2012, 05:06 PM) View Post

I can't help with a program, but one thing I found helpful was to make fortnightly payments on bills. I worked out a rough average of the cost of our electricity/gas/phones/rates, and it comes out each fortnight. It means that when we get a bill it is small, and quite manageable.


Yes, this is what I did a couple of months back - after a my annual car insurance bill arrived and wiped us out. So I sat down and worked out how much each would be (or a maximum amount with any variables) and broke it down to weekly amounts, so that's what comes out of DH's wage each Friday straight into a seperate account. It's been great and has worked well so far.

I haven't had a chance to set up my info on the app yet, but it looks pretty good so far. I'm thinking I might hold out entering any amounts in for a few days so that I can start on the 1st of the month.
Married 6th March, 2010

LTTTC since January, 2011 (MFI)


Check out my blog here: Spot of Colour




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users