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kingbob
LSU Fan
Sorrento, LA
Member since Nov 2010
50660 posts

your "system" for tracking your budget
Does anyone have their own system for tracking their expenses? Do you make excel sheets, written out budgets, ect? I am trying to come up with my own system that will work as efficiently as possible at logging and tracking my revenues and expenses for just my personal use.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
57805 posts

re: your "system" for tracking your budget
Got an excel sheet that breaks it down pretty specific. Just update it from my statements every month or so. I know. Low tech.


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Teddy Ruxpin
LSU Fan
TX
Member since Oct 2006
33698 posts

re: your "system" for tracking your budget
mint.com

I ain't got time for that Excel shit


Zach
LSU Fan
Member since May 2005
96164 posts

re: your "system" for tracking your budget
I guess I'm primitive but all of my finances are on MS Word. I only use Excel for my golf statistics. I keep track of scores, by courses, years, driving accuracy, putts, balls lost, etc. It's kind of fun.


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Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
14328 posts

re: your "system" for tracking your budget
quote:

mint.com

I ain't got time for that Excel shit


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DirtyMikeandtheBoys
LSU Fan
Member since May 2011
18355 posts

re: your "system" for tracking your budget


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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
3763 posts

re: your "system" for tracking your budget
Mint.com is the titties


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BACONisMEATcandy
LSU Fan
Member since Dec 2007
46174 posts

re: your "system" for tracking your budget
I put 95% of everything I spend on my Amex (sans Rent and Car note)

Very easy to keep track of spending this way and I create labels for each type of transaction.


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AUjim
Auburn Fan
America
Member since Dec 2012
2590 posts

re: your "system" for tracking your budget
I use a google sheet that i start new with every month. Several categories, and i balance it against our bank account almost every day. Takes 5 min/day.


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dlmast87
Ohio State Fan
Amish Country
Member since Dec 2007
1759 posts

re: your "system" for tracking your budget
Mint is awesome


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WG_Dawg
Georgia Fan
Atlanta
Member since Jun 2004
75048 posts
 Online 

re: your "system" for tracking your budget
Every dollar I spend I write it in the 'notes' section of my phone, then update my spreadsheet every 3 or 4 days. I just use an excel spreadsheet. I have about 10ish different categories for expenses, and track income as well. I've been doing this since February of 2012 and it's a habit now, I can't imagine not doing it.


The only 'thing' is that I don't really do anything with this information. Like I have all this data, but I don't apply it in anyway. I just like having it


Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
14328 posts

re: your "system" for tracking your budget
I appreciate Mint more and more the longer this thread gets...


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
40599 posts

re: your "system" for tracking your budget
The real way to do this is to make enough money that you don't need to track your personal expenses.


JonaYolles
Member since Feb 2015
315 posts

re: your "system" for tracking your budget
Mint and Excel

Use Excel to set budget

Use Mint to control and adjust excel budget based on Mint numbers


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bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
12138 posts

re: your "system" for tracking your budget
I get paid near the end of the month.

All my bills are set to auto draft between the 25th-28th.
I pay/save/invest everything at once and try to keep $100 cash for any expenses that arise before the 10th. On the 10th I receive a small check of $100-200. That gets me to the 25th for another cycle! So exciting!

I use a spreadsheet in excel.
I hate Mint because of the uncategorized transactions. Hate. It.


kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
65687 posts

re: your "system" for tracking your budget
I just use Excel


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Kankles
New Orleans Saints Fan
Member since Dec 2012
4835 posts
 Online 

re: your "system" for tracking your budget
I tried mint, but it just didn't work for me. I have my own excel sheet I use. Inputting my own data helps me understand things more better.


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HurricaneDunc
Bowling Green Fan
Houston
Member since Nov 2008
10332 posts
 Online 

re: your "system" for tracking your budget
quote:

I hate Mint because of the uncategorized transactions. Hate. It.


I've found it pretty easy to setup rules so that things automatically categorize. I probably spend less than 5 minutes a month categorizing expenses.

I can't imagine the time it takes to track expenses manually in excel, logging in to every bank account, credit card, etc...certainly significantly more than a program that does it for you.

The only drawback for mint IMO is that you can't set budgets for future months.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
18384 posts

re: your "system" for tracking your budget
Yeah. I just update them from my phone when I have some downtime. It takes probably 10 minutes a month.

I can't imagine excel working better than mint unless your bank isn't compatible with mint, in which case, you should probably get a new bank. I actually like u categorized expenses because it makes them easier to find and categorize. If they are recurring you can just set a rule or change them until the program learns what it is.


Kill Switch
Mississippi St. Fan
Pittsburgh, PA
Member since Sep 2010
2322 posts

re: your "system" for tracking your budget
quote:

The real way to do this is to make enough money that you don't need to track your personal expenses.




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