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>> No. 7388 Anonymous
20th October 2018
Saturday 12:08 pm
7388 Budgeting
What's the best method for budgeting?

I'm aware that I'm drifting a bit through life and not paying close enough attention to my personal finances. I could do with a system so I can analyse what is being spent and where that I can also use to plan ahead for annual bills and the like. I'm assuming the best thing to start with would be putting my bank statements on a spreadsheet.
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>> No. 7389 Anonymous
20th October 2018
Saturday 12:44 pm
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YNAB (You Need A Budget) is a really good bit of software - runs in the browser and they also have good mobile apps. You download/upload your bank statements to it, categorise the first couple of months and then it does it automatically. Ignore the Americanisms, it is very good and full of useful tips and guidance on how to make and maintain a monthly budget.

I could never quite get the hang of budgeting properly (and I have no excuse, I am old, rich and gainfully employed) until I used it. Free trial too.

I commend YNAB to you most sincerely.
>> No. 7392 Anonymous
23rd October 2018
Tuesday 6:01 pm
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>Free trial too

How much does it cost thereafter?
>> No. 7393 Anonymous
23rd October 2018
Tuesday 7:21 pm
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MoneySavingExpert have a useful spreadsheet template.

>> No. 7395 Anonymous
23rd October 2018
Tuesday 8:54 pm
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Why not dust off some of those old C++ skills and code your own spreadsheet?
>> No. 7396 Anonymous
23rd October 2018
Tuesday 9:26 pm
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Why reinvent the wheel?
>> No. 7397 Anonymous
23rd October 2018
Tuesday 10:28 pm
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I was just giving OOP some pointers!

Thanks for playing
>> No. 7685 Anonymous
15th August 2019
Thursday 4:14 pm
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Do any of you lads use Monzo? Someone showed me it at work today, it looks quite interesting.
>> No. 7686 Anonymous
15th August 2019
Thursday 5:03 pm
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Eye popping view.gif
Not quite on your level perhaps but i've been saving my recipts and going through them every so often. It's amazing how much i spend on sugar in a week.

>upload your bank statements
Are you having a laugh?
>> No. 7687 Anonymous
15th August 2019
Thursday 6:39 pm
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Had it for ages - Monzo are great.
>> No. 7690 Anonymous
18th August 2019
Sunday 11:04 am
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I like HomeBank (desktop software, imports OFX/etc from online banking).
>> No. 7691 Anonymous
18th August 2019
Sunday 11:31 am
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If it's that kind of categorisation you're after, YNAB is excellent.
>> No. 7702 Anonymous
18th August 2019
Sunday 9:10 pm
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Monzo is bloody brilliant. Their customer comms is clear and honest, even if it puts them in a difficult light, their app is brilliant, no faffing, customer service is at the other end of a whatsapp style chat box that responds 24/7, no more sat waiting on the phone, it's all done through the app.

Starling is equally as good, but I find the interface a bit dark and gloomy.
>> No. 7828 Anonymous
2nd January 2020
Thursday 12:49 am
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So is YNAB what we're picking for budgeting software? I read that YNAB doesn't do direct transaction imports for UK banks but can do file based imports. I'm guessing it can at least accurately categorise spending?

What alternative budgeting software is out there? I see Monzo and Starling mentioned; I'll take a look at them. Anything else?

Please don't mention any brands too often or we'll have the astroturfing police turn up.
>> No. 7829 Anonymous
13th January 2020
Monday 4:15 pm
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What premium would you pay to rent your own place?

I'm looking in London. I have somewhere nice, that's shared. I'd be looking at an extra £200-£300 a month for a nice enough 1 bed flat, that isn't a mouldy little bedsit.
>> No. 7830 Anonymous
13th January 2020
Monday 5:58 pm
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I think paying the premium to be on your own is a very good idea - but everyone is different and some people actually like sharing.

The challenge with living in London is the area - too far out and you end up with an hour commute, some areas aren't served with great public transport, there are a bunch of trade-offs. My advice would be pay as much as you can and live right in the centre - it'll be a tiny place compared to what you get outside Zone 3 and higher but you'll be happier.

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