![]() ![]() With EveryDollar, if you go over-budget, and it’s not set as a fund, you have to manually notice it, and adjust the budget accordingly. The left number is what you’ve budgeted the middle number is what you’ve spent the colored number is what’s remaining (green) or over budget (red). ![]() Honestly, the view part was super annoying to me! Again, easier in YNAB, which looks like this: When you’re on the “spent” view, you just have to look closely and see that you went over, or click over to the “remaining” view. When you’re on the “remaining” view, blue numbers are where you stayed within budget and red numbers mean you went over budget. You have to click the number under spent/ remaining to see what you’ve either spent or have left. We have our own spreadsheet we’d been tracking debt progress in, so, when it wasn’t totally intuitive, we didn’t try very hard to figure it out.Ĥ. I like this in theory, but we couldn’t really figure out how to get it to line up and update. If you follow along with the Dave Ramsey Baby Steps, you can make goals in EveryDollar that align with the steps. Related: What the Heck is a Sinking Fund and Why Will It Revolutionize Your Budget? 3. But, like I said, the way YNAB handles sinking funds makes more sense to me. So, I like that EveryDollar incorporates an easy way to make some categories funds. We used to do this process manually on a spreadsheet, and I know a few other friends who track their “funds” within their checking accounts manually too. In August, if you hadn’t spent any, you’d have $300, etc etc etc. Then, in July, your budget sheet will note you are contributing another 100 dollars, but that the balance of this category, or this fund is at $200 (assuming you haven’t spent any). If you already had set aside $500 for Christmas gifts, you’d start the balance at $500. So, in June, you turn on your fund and start the balance at zero. This tells EveryDollar that you want this money to stack up each month. ( YNAB has a way better way of dealing with this, in my opinion.) If you’re using EveryDollar, I’d recommend making them all funds because there’s no other way to account for extra ‘remaining’ money if it doesn’t roll over to the next month. We ended up making every single category a fund so that we wouldn’t lose track of money. I don’t think EveryDollar’s setup of this is totally intuitive. So, you set up a “Christmas Gifts” category on your budget and make it a fund. That breaks down to $100/ month between now and then. Let’s say you know you’re going to spend $700 on Christmas gifts. If you were to start budgeting for Christmas in June, you’d have 7 months to save up (including July and December). Let’s take the example of Christmas gifts. There is an option to ‘roll over’ budget categories from one month to the next or not. You’d have to delete the groups and recreate them manually. So, in the above picture, there is no way to click and drag the “savings” group to be under “yo momma’s house” group. Just click “HOUSING” and type your preferred title.Įach month, you have the option to copy your current month’s budget for next month or start fresh.ĭownside – You cannot move the category groups around. Or let’s say I prefer to change the budget group currently titled “HOUSING” to “YO MOMMA’S HOUSE.” Easy peasy. Or, since I don’t pay HOA dues, I can click the trash can and get rid of that line. You can see in the screenshot below I clicked ‘mortgage’ and can change it to ‘rent.’ You have control over how you classify them as well. ![]() You have complete control over the number and names of categories, just as you would in a spreadsheet. The customizability of EveryDollar gets and 8/10. In it, I address how EveryDollar stacks up against the 6 main features I want in a budgeting app: 1. (Detailed review of YNAB here.) In the meantime, here’s an completely honest EveryDollar review. While it has some good features, my husband and I both like YNAB much better. I have updated this post to reflect my current thinking abut EveryDollar after using it for 9 months. We used EveryDollar for 9 months, then switched to YNAB. See my entire disclosure policy for all the boring details. When you make a purchase through an affiliate link, I earn a commission at no cost to you. Some of the links on this page are affiliate links. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |