![]() On the other, money just doesn’t disappear when you spend it on credit cards. On the one hand, that it only operates as of today is how it would work with real envelopes. I much prefer the way MoneyWell presents this (money sits in an income bucket until you distribute it to your other buckets).Įnvelope budgeting feels like it was designed by someone who either doesn’t do it normally or doesn’t use it in Banktivity with a setup of much complexity. That’s an okay default, but it doesn’t work well with the holding envelope pattern or for using one envelope to manage multiple kinds of expenses. Envelopes are tied intimately to expense categories.What one should want is for credit card spending to go into a holding envelope that gets emptied when the card is paid. It doesn’t work well with credit cards (but to be fair, most of the apps share this problem).It also means you can’t do transfers when a transaction occurred last month even when that was yesterday. That prevents you from importing a historical envelope budget from another tool. You can’t edit envelope transfers from prior months.The separate UI is clunky and not as flexible as the transaction UI. Envelopes are managed through a separate UI even though they are really just transfers. ![]() I don't do portfolio management in my software, I just do it only with our financial advisor's companies - they offer downloadable file, I just haven't had a good reason to go to the trouble to track it myself - unlike budgeting.Ĭlick to expand.Going from memory (it’s been a while), these are some limitations I hit. I just click a single import button it grabs the file, imports it and presents it for matching (I don't have any type of automated matching coded at this point - not sure I'm capable of that).īasically it's missing some normal financial software functionality that I don't currently need, but supports functionality that is rare elsewhere (like push a button and I get a PDF of all my charity donations for the year - including cancelled checks and receipts - we've been audited three times over 'excessive' donations). Doesn't take long to log in and download the files and the import is trivial - the software knows where it is downloaded and the name of the file. I've gradually added features such that I import Excel or CSV files from my financial institutions. My primary financial management software was written by me (in Filemaker) to do budgeting how I do budgeting (as I could not find anything on the market that did exactly what I wanted). As an automated way to sync with Bank data - none of my institutions require Direct Access As a balance double-check on my other software (I enter into Banktivity AND my other software) I have Banktivity 7 for two reasons - I will not be paying for a subscription regardless, the value isn't there for me (YMMV). Turbo Tax is the same way but I don't have a choice because my returns are a PITA without being able to process the number of accounts and transactions. Sorry it's a bit rent-seeking, as it was for Quicken when they broke off from Intuit. ![]() But a continuing $50 or more (almost the full price of the standalone) every year? Yes the convenience of aggregating all your accounts and producing an integrated view is worth something. But it's easy enough just to go to the brokerage site to look them up, to download and archive them. What I won't have are the records of each transaction, though I could probably import them to a spreadsheet. I can do investment tracking on Google Sheets for free, with much more reliable securities prices updating than Banktivity. ![]() I don't think that justifies a annual $50 and above continuing charge. But the bulk of the development work has been done. Yes they can deliver incremental features and bug and security fixes. Just get the software you have working reliably. I'm not against paying subscriptions for sustaining development but I question whether there's much innovation left to bring in personal finance software. I generally don't like subscriptions, though I've been paying for Adobe Creative Cloud.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |