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by bartozone
2935 days ago
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The biggest problem that I find with programs like mint is that they aren't real time. Even my bank accounts aren't current. They often lag 24 hours, so when I look it may seem like I have more than what I do ... so I guess (often wrong, or forget something) what I spent the day before and try to mentally assign that amount to different categories (like groceries, Transportation, restaurants, etc). Does anyone know software that can keep real time accounting of my personal expenses? |
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When you spend money, you aren't looking at your account to see how much actual money you have. You're looking at your budget to see how much money you previously allocated for a specific purpose.
The idea is that you are spending your "oldest" money, i.e. money that you earned 6 months ago. Any money that came in yesterday is just gravy and you'll budget that later.
In practice, transactions hit YNAB same day or next day for me. If you're wondering if you have money for something, you just pull up the mobile app and check the budget category. Unless you go on a crazy instant buying spree in a single category, there shouldn't be a problem deciding if you have money budgeted for something.