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I use You Need A Budget to track my personal finances and budget for the future. I also use it my my company to know exactly how much profit I have. It’s the on
by martin-adams 8y ago
I use You Need A Budget to track my personal finances and budget for the future. I also use it my my company to know exactly how much profit I have. It’s the only app I’ve found that lets me prepare for the future and allow me to make proper decisions.
Whenever I spend money, I record the transaction in the app and import my bank statements to reconcile once a month.
- nunodonato 8y agoTried it, looks interesting for being different. One thing I didnt like is the inability to plan future months, it doesnt account for future income flows, although it lets you spend money. Obviously I get the red alert because I'm spending money I do not have (but I will, at that time of the month)...
- martin-adams 8y agoYeah, it is very strict that you budget the month's spending on the money you have right now. It took me a while to get into that mindset and I now prefer it. It means that if your income fluctuates you always budget on the money you have, not the money you don't have. Not ideal for everyone, but works great for me. Aside from that, I like the ability to set goals for yearly expenses and making sure you are putting enough away. This is great for insurance, tax, etc. I use Xero for my official business accounts, and being able to look to the future is the single biggest thing missing.