Comments on: How do you budget? http://frugalunderground.com/how-do-you-budget/ money: saving more, making more, needing less Tue, 06 Jan 2009 02:56:51 +0000 http://wordpress.org/?v=2.5.1 By: frugal underground » money: saving more, making more, enjoying more, needing less » Blog Archive » New online personal finance software http://frugalunderground.com/how-do-you-budget/#comment-32 frugal underground » money: saving more, making more, enjoying more, needing less » Blog Archive » New online personal finance software Fri, 13 Jan 2006 02:00:49 +0000 http://frugalunderground.com/test/how-do-you-budget/#comment-32 [...] can’t be resolved. My biggest complaint of all (and yet the least relevant) is the lack of support for percentage-based budgeting, which I’ve ranted about before [...] [...] can’t be resolved. My biggest complaint of all (and yet the least relevant) is the lack of support for percentage-based budgeting, which I’ve ranted about before [...]

]]> By: bookchiq http://frugalunderground.com/how-do-you-budget/#comment-31 bookchiq Thu, 25 Aug 2005 18:38:18 +0000 http://frugalunderground.com/test/how-do-you-budget/#comment-31 Thanks for your comment, Kris. It sounds like there's really a market for someone to come up with some good personal finance software. If we can't find anything that will work for us, I'll probably end up writing something myself; if I do that, I'll definitely see what my blog readers consider "minimum requirements." By the way, have you looked at <a href="http://www.mvelopes.com/">Mvelopes</a>? I took them up on their free trial last month but canceled because they didn't let me import my transactions. However, it's Java-based, it definitely does the envelope system, and I believe you can sync everything with your financial providers. Downside: monthly fee. Thanks for your comment, Kris. It sounds like there’s really a market for someone to come up with some good personal finance software. If we can’t find anything that will work for us, I’ll probably end up writing something myself; if I do that, I’ll definitely see what my blog readers consider “minimum requirements.”

By the way, have you looked at Mvelopes? I took them up on their free trial last month but canceled because they didn’t let me import my transactions. However, it’s Java-based, it definitely does the envelope system, and I believe you can sync everything with your financial providers. Downside: monthly fee.

]]> By: Kris http://frugalunderground.com/how-do-you-budget/#comment-30 Kris Thu, 25 Aug 2005 15:57:32 +0000 http://frugalunderground.com/test/how-do-you-budget/#comment-30 I recently took over the finances from my wife, and started using Moneydance. It was the only software I found, other than Money and Quicken that good automatic account syncing. This is a major requirement for me. It is Java based so it will run on any OS. It also has a free trial. The main problem I have found with it is the budgeting feature is not very good. It does not support percentages either. I am trying to maintain a envelope system, which is hard but kind of works. I set up my "envelopes" as sub accounts of my checking. I have it set to automatically move money into these accounts at set internals. I import my checking account entries and choose the budget category for each imported item. All this works great, the problem is reconsiling the sub-accounts. I have to walk thru each new entry and manually transfer the amount from the sub-account into the checking account to cover the expense. I recently took over the finances from my wife, and started using Moneydance. It was the only software I found, other than Money and Quicken that good automatic account syncing. This is a major requirement for me. It is Java based so it will run on any OS. It also has a free trial.

The main problem I have found with it is the budgeting feature is not very good. It does not support percentages either. I am trying to maintain a envelope system, which is hard but kind of works. I set up my “envelopes” as sub accounts of my checking. I have it set to automatically move money into these accounts at set internals. I import my checking account entries and choose the budget category for each imported item. All this works great, the problem is reconsiling the sub-accounts. I have to walk thru each new entry and manually transfer the amount from the sub-account into the checking account to cover the expense.

]]> By: jennifer http://frugalunderground.com/how-do-you-budget/#comment-29 jennifer Wed, 24 Aug 2005 19:15:47 +0000 http://frugalunderground.com/test/how-do-you-budget/#comment-29 we percentage base some of our stuff like tithe, offerings, amount pre-tax retirement contributions. i use quicken and haven't really figured it out so i can't say for sure if it will do that. i'll have to do a better job of understanding the software. right now i just dl the net salary deposited but i would like to track the amount taken out for 401k, insurance, etc... and i think it can do it, i just haven't taken the time to figure it out. it does have a place to enter the savings rate you get on an account, but it doesn't always calculate that properly (again could be user error). we percentage base some of our stuff like tithe, offerings, amount pre-tax retirement contributions. i use quicken and haven’t really figured it out so i can’t say for sure if it will do that. i’ll have to do a better job of understanding the software. right now i just dl the net salary deposited but i would like to track the amount taken out for 401k, insurance, etc… and i think it can do it, i just haven’t taken the time to figure it out.
it does have a place to enter the savings rate you get on an account, but it doesn’t always calculate that properly (again could be user error).

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