I moved beyond budgeting to looking at other financial factors too, such as how to start investing, whether to contribute to a TFSA or RRSP and buying a house. After establishing my career and paying off my student loans, I didn’t need to live as frugally. I needed a more flexible tool to fit my family’s finances. One month, I might be making five figures, whereas another might bring $1000. It was exhausting, and for us, it wasn’t making a difference in our spending.īut the biggest reason for quitting ? My financial circumstances didn’t fit with this budgeting app.Īs a freelancer, my monthly earnings fluctuate from month to month and trying to stick to a set-in-stone budget just isn’t doable. So I’d have to correct mistakes and be extra diligent about reviewing the numbers. Sometimes got things wrong too, by misclassifying or duplicating transactions. I just outgrew įor one, I found the app rather time-consuming: I’d spend an hour a day scrutinizing every financial transaction. The app even sent reminders to pay my bills on time! But eventually, it wasn’t enough. It helped me make a budget (displayed in a colourful pie chart), track my cash flow, and monitor my credit score and savings. I managed my money from one dashboard, linking my bank accounts, mortgage, credit cards, PayPal and savings accounts to the app. At first, gave me everything I needed: a free and simple budget tool that I could use on my computer or phone. This year, I broke up with my budgeting software. Why I cancelled my account with, and what I did instead. We may receive a commission for products or services you sign up for through partner links. Please be aware this post may contain links to products from our partners. Spending on groceries at mint.We adhere to strict standards of editorial integrity to help you make decisions with confidence. For example, in the “Food & Dining” section, I select only “Grocery Stores”. It is then possible to analyze a particular category and see the expenses related to it. com provides many tools such as the one allowing to visualize the categories of expenses on a defined period of time (week, month, year…) Spend by category in But sometimes there are mistakes and you can of course change the category (or make your own). com is quite good at classifying expenses in the right categories (Fast Food, Groceries, Gas…). This is very useful when you have accounts with different banks, which is especially the case when you have several credit cards! One of the strengths of is that it aggregates all of your account transactions. You can also create budgets by expense category (Rent / Mortgage, Hydro, Groceries, Restaurants….). If a deadline is coming up, it will be placed in the “Alerts” category. Alerts, deadlines and budgets on the right.Bank accounts and credit cards on the left.On the home page of your account, you have access to an overview of your financial life: Be aware that for most banks, you can be re-credited with the deducted fee even several months later! Don’t hesitate to negotiate □ The general view of the account
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