Sunset_Bleu OP t1_iycwciw wrote on November 30, 2022 at 1:48 PM

Reply to comment by NoFilterNoLimits in Question about reserving money for short-term goals by Sunset_Bleu

This is an interesting resource. I have never heard of this before, so thank you for bringing it to my attention. I wonder though if this is more focused on folks who need a little help managing their debt? I could be wrong. It also looks like this is a service that I would eventually have to pay a monthly fee to use.

NoFilterNoLimits t1_iycxdjm wrote on November 30, 2022 at 1:56 PM

Yeah, I use the much older, not supported anymore YNAB 4 for free. There are a few similar free options, or a spreadsheet. It’s essentially just an electronic version of zero based envelope budgeting

It is helpful for getting out of debt and that’s where a lot of marketing potential lies, so they do focus their efforts there. But we havent had non-mortgage debt in over 10 years, I find it an invaluable tool for allocating our money. It helps me ensure my vacations never threaten our ability to pay property taxes. And makes the trade offs clear when we decide to move money from one category to another. It told me o could afford a monthly Lego budget 😂