Associate
That's really helpful, thanks!
Soldato
I’ve always found the best way to budget is to not have the money
I've always found having more money than you need works best
Soldato
Worst “I have a Gucci belt” post ever
As someone who's worked in IT for a long time, I've seen way too many complex things being ran inside of either Microsoft Excel Spreadsheets or a god awful Access database, yet they did run and work for years. The thought of someone not being able to use excel (or Google sheets or libre) for basic budgeting is kind of funny in that respect. It's such a light weight task for Excel!
I think the trigger is that vulnerable people are being conned* into another subscription.
*easily achievable without paying a subscription/ probably understand your money better
Each to their own, there are a million things I can do a lot better than you, and a million things you can do a lot better than me. I pay for the things I suck at, just like you do. Yes you could do the research yourself and faff about replacing an aux belt on your car, or you can pay someone to do it. This is no different. I choose to pay someone because I can't be arse learning all the other ways myself.
And you can accuse me of being anything in the world, but you can't accuse me of being vulnerable (anymore)
Soldato
I use two accounts, main (halifax), and spending (starling)
I get paid in my main account, a couple of bills come out of there, + a standing order to starling.
The total for that amount, is X.
I need to have X in my account to cover the next round of payments.
I log in randomly to see i have more than X, so i transfer surplus to investments.
I could optimize it better to earn interest on the cash, or invest the cash sooner, but thats too much micromanagement.
I get paid in my main account, a couple of bills come out of there, + a standing order to starling.
The total for that amount, is X.
I need to have X in my account to cover the next round of payments.
I log in randomly to see i have more than X, so i transfer surplus to investments.
I could optimize it better to earn interest on the cash, or invest the cash sooner, but thats too much micromanagement.
Soldato
I also really like MoneyHub to give me a nice view of my cash in one nice dashboard, updated automatically. I have multiple different bank accounts and I can add my work pensions and ISAs too.
I used to go through and reconcile it all manually but it's not worth the hassle if you can automate it. It's £15/year, which is a really good deal.
I don't really do much with the budgeting side of it but it does also do automatic categorisation of what you're spending your money on (utilities, travel, going out etc) which seems pretty good.
And I don't know how well publicised it is but the web dashboard is really handy. It's the same as the app, just in your browser.
I used to go through and reconcile it all manually but it's not worth the hassle if you can automate it. It's £15/year, which is a really good deal.
I don't really do much with the budgeting side of it but it does also do automatic categorisation of what you're spending your money on (utilities, travel, going out etc) which seems pretty good.
And I don't know how well publicised it is but the web dashboard is really handy. It's the same as the app, just in your browser.
I always wonder how businesses like that survive for effectively just over a quid a month. They have to be making money somewhere or it's a recipe for bankruptcy. I did use Money Dashboard when they were around but they eventually went bankrupt. I've opted to use Actual Budget which is open source and self-hosted so no chance of it going under.
Aggregating and selling your data presumably.
Soldato
I just have a bills pot in Starling that gets money automatically moved to it on pay day, all my direct debits come from that account, I move an amount to savings on pay day and then the rest is mine to do with as I please.
Soldato
I have a free budgeting app, it's called a wife. I chuck up 90% of my income which pays all the bills, buys the groceries and puts money away in a teapot for the future.
The other 10%? I'd have to kill you after.
Pretty tongue in cheek but largely true throughout my working life. Now it's just the pensions and I do most of the food shopping anyway on my trusty bicycle.
The other 10%? I'd have to kill you after.
Pretty tongue in cheek but largely true throughout my working life. Now it's just the pensions and I do most of the food shopping anyway on my trusty bicycle.
Hagar gets manual statements and does it on paper
Hagar thinks you are an idiot if you need an AppOnly if you submit to online banking.
YNAB = you need a brain.
Hagar mounts his high horse about lack of credit card use
Hagar admits he's just a **** and his wife gives him an allowance.
/a thread by dlockers
Give the old fella a break, he probably couldn't remember writing that.
Soldato
NVM.
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