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

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

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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.

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[–] [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.

[–] [email protected] 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.