Finance tracking app usage

[way_landr]

Hi there

I've been using a finance tracking app that syncs to my bank accounts.

Anyone face this situation before: I pay for a meal for my friends first. Lets say it comes up to $400. Then they transfer the money back to me via paynow.

So now the app logs my $400 as my food and drinks expenditure. And logs the transfers from my friends as income. Which is wrong and gives a wrong representation of my income and expenses.

Issue is I also cannot manually change the figure thats downloaded from the bank. Any way to correctly depict my income and expenses in this case?

I'm using spendee if its any help.

 

[madtari]

I'm using Money Manager. Every transactions need to enter manually... Yours is auto sync so convenient! I think u stand a better chance to msg the developer or is there a community for spendee?

Hi there

I've been using a finance tracking app that syncs to my bank accounts.

Anyone face this situation before: I pay for a meal for my friends first. Lets say it comes up to $400. Then they transfer the money back to me via paynow.

So now the app logs my $400 as my food and drinks expenditure. And logs the transfers from my friends as income. Which is wrong and gives a wrong representation of my income and expenses.

Issue is I also cannot manually change the figure thats downloaded from the bank. Any way to correctly depict my income and expenses in this case?

I'm using spendee if its any help.

 

[eD1s0n]

Hi there

I've been using a finance tracking app that syncs to my bank accounts.

Anyone face this situation before: I pay for a meal for my friends first. Lets say it comes up to $400. Then they transfer the money back to me via paynow.

So now the app logs my $400 as my food and drinks expenditure. And logs the transfers from my friends as income. Which is wrong and gives a wrong representation of my income and expenses.

Issue is I also cannot manually change the figure thats downloaded from the bank. Any way to correctly depict my income and expenses in this case?

I'm using spendee if its any help.

Change app? I use seedly and they allow manually editing transactions, even from those that is synced automatically from bank and credit card

 

[swordsly]

I'm using Money Manager. Every transactions need to enter manually... Yours is auto sync so convenient! I think u stand a better chance to msg the developer or is there a community for spendee?

THIS ^

Money Manager (by RealByte) is pretty awesome. You'll have to manually key in but hey -- freedom!

I previously used Seedly's app which reads from my bank accounts/cards and decided against it due to the sensitivity of the exchange (although tbh the protocols behind should be safe enough).

 

[hwmook]

THIS ^

Money Manager (by RealByte) is pretty awesome. You'll have to manually key in but hey -- freedom!

I previously used Seedly's app which reads from my bank accounts/cards and decided against it due to the sensitivity of the exchange (although tbh the protocols behind should be safe enough).

Seedly is really slow, I give up on it.

 

[bright_84]

What's wrong with excel?

 

[madtari]

App can give u chart, % of different category, income vs expenditure and all sorts of data over a user-specified period of time (eg monthly, yearly, year till date) all these r done on e fly.

Using xls, u need to generate chart manually... also, when we were spending outside, we can simply record our transaction on e spot using our phone... it's gui makes it so user friendly n intuitive...

xls? Come again? U must be joking...

What's wrong with excel?

 

[bright_84]

App can give u chart, % of different category, income vs expenditure and all sorts of data over a user-specified period of time (eg monthly, yearly, year till date) all these r done on e fly.

Using xls, u need to generate chart manually... also, when we were spending outside, we can simply record our transaction on e spot using our phone... it's gui makes it so user friendly n intuitive...

xls? Come again? U must be joking...

Any privacy concerns?

 

[way_landr]

THIS ^

Money Manager (by RealByte) is pretty awesome. You'll have to manually key in but hey -- freedom!

I previously used Seedly's app which reads from my bank accounts/cards and decided against it due to the sensitivity of the exchange (although tbh the protocols behind should be safe enough).

I used to use that too, but I realised that I will miss out alot of entries coz either I simply forget, or it's in giro or auto credit card deduction. Which makes my total expenditure inaccurate. Say for example my utilities bill, Internet bills, insurance premiums.

Sent from Samsung SM-N960F using GAGT

 

[swordsly]

I used to use that too, but I realised that I will miss out alot of entries coz either I simply forget, or it's in giro or auto credit card deduction. Which makes my total expenditure inaccurate. Say for example my utilities bill, Internet bills, insurance premiums.

Sent from Samsung SM-N960F using GAGT

Just insert the transactions as you run through your statement every month (or whenever you access it).

If you simply forget then... ok

 

[kram62]

I use GNUcash for tracking everything (expenses, income, investments...) at the transaction level.
It's some work to input everything manually at the end of every month (and GNUcash does have a non negligible learning curve so it's not for everyone) but I have full control over everything, and I can make sure that everything is entered correctly. And since I have assets in more than one country / currency GNUcash helps also with recording transactions in many currencies at different FX rates over time...

It can generate various kinds of reports and graphs that you can customize.

I also have an excel sheet where I store only the grand total for each account, investments and quarterly expense by category. The data coming directly from GNUcash reports.

Not recommending for someone who does not feel the need to have full control over everything because that's significant work and learning curve. But for me the alternatives always had limitations that annoyed me too much.

 

[madtari]

In Money Manager, you can set recurring transactions for fixed amount. This feature is a life saver... For utilities no choice, I will one shot login SP account and update the multiple months in 1 shot...

I used to use that too, but I realised that I will miss out alot of entries coz either I simply forget, or it's in giro or auto credit card deduction. Which makes my total expenditure inaccurate. Say for example my utilities bill, Internet bills, insurance premiums.

Sent from Samsung SM-N960F using GAGT

 

[madtari]

Not at all...

Any privacy concerns?

 

[way_landr]

In Money Manager, you can set recurring transactions for fixed amount. This feature is a life saver... For utilities no choice, I will one shot login SP account and update the multiple months in 1 shot...

Yea I know it can be done, but being as careless as I am, automating the transactions into the app is the easiest for me, if not sure leave alot of things out

Sent from Samsung SM-N960F using GAGT

 

[meekiatah]

I use the old version of YNAB. Awesome software. It's not for sale now though. The current version is subscription payment though.

Can you split the payment and apportion the payment on behalf of your friends as "account receivable"? I would change the app if something so simple as editing transaction is not allowed. Too rigid.

 

[way_landr]

In Money Manager, you can set recurring transactions for fixed amount. This feature is a life saver... For utilities no choice, I will one shot login SP account and update the multiple months in 1 shot...

Switched back to Money Manager after years of not using it. Main thing i didnt like about was it design, no sliding to access different tabs, generally barebones and dated design.

BUT I must say that once i started using it, the interface is intuitive and the analysis is what I like. Not too cluttered and to the point.

The only thing is again, I tend to forget to log down my transactions and leave things out. I wanted to circumvent that with an app that syncs to my bank but well, can't find one that truly meets what I want.

How do you all do your logging? Immediately or go back to your bank accounts? daily? or monthly?

Also how do you all use your expense tracking to manage your finance? Any hacks or good ideas?

 

[swordsly]

Switched back to Money Manager after years of not using it. Main thing i didnt like about was it design, no sliding to access different tabs, generally barebones and dated design.

BUT I must say that once i started using it, the interface is intuitive and the analysis is what I like. Not too cluttered and to the point.

The only thing is again, I tend to forget to log down my transactions and leave things out. I wanted to circumvent that with an app that syncs to my bank but well, can't find one that truly meets what I want.

How do you all do your logging? Immediately or go back to your bank accounts? daily? or monthly?

Also how do you all use your expense tracking to manage your finance? Any hacks or good ideas?

I immediately update it whenever I do any sort of transaction.
For automated ones like GIRO, I update it as and when I visit my account or e-statement.

I added all the bank accounts I use (1 main, 1 expense). Will even log transfers within these accounts.
Also added CCs I use, also top-up accounts like Starbucks.

For logging, I've recently updated to using sub-categories to see consolidated states based on a particular main category.

 

[way_landr]

Anyone using YNAB? How is it? Ease of entry, etc etc a short review?

Sent from Samsung SM-N960F using GAGT