4 ms·
Similar to what others are suggesting: Month-to-month doesn't work. Mint's budget breakdown totally fails if my Landlord cashes my check too early/late. Mont
by saddestcatever 6y ago
Similar to what others are suggesting:
Month-to-month doesn't work.
Mint's budget breakdown totally fails if my Landlord cashes my check too early/late.
Month-to-month doesn't work for expenses that aren't monthly. Example: travel.
Month-to-month doesn't work when the calendar lines up and you get 3 paychecks that month instead of the normal 2.
I'd be curious for a budgeting app that still has the concept of a month, but isn't locked to calendar dates.
Rolling average? Bucketed allotments that roll over? Maybe
- Jtsummers 6y agoThe biggest problem with tools like Mint's is that it's not really a budget. It's a way to say "I don't want to spend more than X in a time period" but it says nothing about how much money you have now for spending. YNAB's approach (not unique to them but particularly pushed by them) is much better, where you only budget/allocate money you have. So I send in my check for my water bill, I have the money now. If they don't cash it until next month that's fine, my YNAB budget still has that money marked for that spending. I had the same issue with rent, where I'd pay it at the end of the month, but half the time it was cashed the next month. So every other month I'd spend double what was expected (for the month), and Mint went nuts. YNAB doesn't care.
- tomwilson 6y agoGoodbudget has quarterly / annual / goal budgets which are good for things like your travel example.