#Reddit free budget software how to#
#Reddit free budget software software#

For many people this might be food, clothing, and entertainment. Typically any area where you overspend is a good one to use. Decide what spending categories you want to try to control using the envelope system. Once you have your budget in place, using the envelope system can be a good way to stick to your budget.

Money Manager Ex is 'free, open-source, cross-platform, easy-to-use personal finance software'.

HomeBank is 'Free, easy, personal accounting, for everyone'.

It requires some learning and experience to work fluently and effectively with it.' Also check out /r/GnuCash.

#Reddit free budget software software#

According to the GnuCash wiki: 'GnuCash is a complex piece of software with many features and possibilities.

GnuCash is 'personal and small-business financial-accounting software, freely licensed under the GNU GPL'.

(These are listed in alphabetical order.) There are also several popular free and open source tools worth considering: Some of the most popular free options on /r/personalfinance are several user-created spreadsheets listed on the tools wiki page.

edu e-mail address can get one annual subscription to YNAB for free. YNAB is commonly recommended, but it is a subscription service with monthly and annual plans. (You might want to consider signing up with a Google Voice or other non-primary phone number because sales calls seem to be an issue for some people.) Personal Capital is free and automates much of the process by linking up with most large financial institutions to help track your spending and other aspects of your finances. Mint is free and automates much of the process by linking up with most large financial institutions to help track your spending and other aspects of your finances. Pen and paper works, but there are also a lot of commercial, freemium, free, and open source tools out there. Tools/SystemsДЇigure out a tool/system that works for you. Just remember: always live within your means, and try to save up for capital expenses before buying. Shopping, hobbies, cable, coffee, fast food, dining, and so on. Discretionary spending is anything that's left over from your goals. Take a look at our 'I have $X, what do I do with it?' wiki.Д¤. How much you put here is subjective, but the faster you take care of this, the quicker you can become financially independent. Take a look at your Debts, Goals, and Retirement. If you're trying to cut costs, you might want to look at more frugal options for buying groceries, such as buying in bulk, going for store-brand foods, or frequenting less expensive grocery stores.ДЈ.

Your groceries cost more than $300 per person.

You may also want to consider moving closer or selling your car, if either's an option. You might want to consider carpooling to work, traveling less, or taking the bus or a bike. Your monthly expenses on your car is more than 15% of your take home pay.You might want to consider getting a roommate, or moving to some place cheaper. Your monthly mortgage/rent is more than 30% of your take home pay.Not included in this list are discretionary items (which belong in Section 4):ДЄ few Rules of Thumb: You should consider making a major change to your lifestyle if one of the following scenarios is happening: This is all the spending that is related to safety and survival. Budget out for that instead, and anything that's left over should be allowed to float in your checking as a buffer.Дў. If your monthly income fluctuates, list your worst-case or lower-than-average scenario.This will help you budget out the worst-case scenario. If you're paid twice per month, you might want to grab your February pay stubs (or a calculator) and see what 10 workdays of pay looks like, then multiply by two.If you're starting a new job and planning ahead, use an after tax paycheck calculator to get some rough numbers. Budget out with four weeks of take-home pay. You should focus on tracking all of your expenses for the month, using a method of your choice listed below in the Tools/Systems section. Here, please treat others with respect, stay on-topic, and avoid self-promotion.ДЄlways do your own research before acting on any information or advice that you read on Reddit.Д«udgeting should be the cornerstone of your financial house.

#Reddit free budget software how to#

Get your financial house in order, learn how to better manage your money, and invest for your future. Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.