mortgage, utilities, etc. Now for myself, I cannot afford to completely fund all categories until all paychecks are received at the end of the month. What are you saving for? I liked the ability to shift things around and see how much I had left to play with. If so, when I populate the budgeted columns with the underbudgeted tool, how do I keep my available amounts looking like more than I actually have until I get my paycheck and "fund" the categories? So using my HOA fees as an example, I had saved 4 months, or 4x$25 = $100 (for July, August, September, and October). Mvelopes Review: Plan options. Lack of support and running into serious issues and no help. However, lately I've been reading up more on budgeting ideas. I put what I had available from each envelope in Mvelopes into the budgeted category in YNAB for February. Regarding your goals, there are two different goal types: monthly spending goal and monthly contribution savings goal. I usually like to check my transactions this daily, so this is a bit annoying. To help you evaluate this, we've compared Mvelopes Vs. Remember, if you’re not currently keeping a budget or struggling to keep a budget, either of these programs could save you hundreds of dollars a year. Instead of using cash and paper envelopes, users are able to use digital envelopes and their debit card. when determining if EveryDollar vs YNAB is right for you. Personally, I think the partially funding all categories is the better option. EveryDollar. This article/video recommends selecting all of the items to see the underfunded total to check if it's reasonable, but is there a way to do that or something similar on the phone to check if the defined budget makes sense? But if for any reason a discrepancy is found, YNAB lets you make an adjustment to the “To Be Budgeted” category in one click to reconcile the difference, which makes it super simple to get things back into sync. The equivalent to this in YNAB is setting a monthly goal for each category. Mvelopes offers 4 different in-app subscriptions that will auto-renew unless canceled. The end result is that I’m using Mvelopes and would highly recommend it. If you spend more than your available balance, it'll say you overspent. Is this a problem or just something I can ignore until next month? Goodbudget, which started out as Easy Envelope Budget Aid (EEBA), is a digital envelope budget system app that was started by Dayspring Technologies back in 2009.This was the first app that we used to track our budget throughout the month (we’re still using it now), and we even wrote a review about it.Goodbudget has a web portal and apps for Android & Apple devices. All plans of unlimited envelopes and financial institution accounts, along with auto transaction importing and account balance monitoring. For instance, if we are adding funds to an envelope to carry over so we can pay a quarterly bill, it would be there next month. Then the budgeted amount of $25 I entered in October brought the available balance of that category in YNAB to $100, which is exactly what I wanted. One of the things I hated about Mvelopes was that I was not able to delete transactions that were imported. Mvelopes takes this exact same concept and makes it digital. It appears to me that this will act just like the funding plan did in Mvelopes. property taxes, HOA fees, pest control, etc. The working concept behind Mvelopes mobile app is one that is old and extremely familiar to many people. Tip: if the reimbursement category turns green from the reimbursement, move those funds to the appropriate CC Payment category. However, "will my goals fit in my income" is, despite them having created a blog post about it, not really how YNAB's method functions best. However the FFX  number isn't terribly important in and of itself. If this is the case, I would recommend that you don't fund Groceries until later in the month and let the category go negative. The final straw was having my credit card and bank feeds down for over a month and asking for help and not getting a response other than "you can import manually" - that doesn't work for me long term and defeats the purpose of using an app. If you receive the reimbursement in the same month as the expense and you haven't made a credit card payment since recording the expense, categorize the deposit with the same category as the original expense. After opening YNAB, you import the saved transaction. As with any business software solutions, it’s important to consider the features & functionality. When you use the quick budget, you can choose all categories (the default) or select individual categories or choose a category group to fund those categories all at once. If you select no categories, it will show you the totals for your whole budget, or you can select any combination of one or more categories/category groups to see subtotals. Thank you! Thanks! And sometimes I did not catch duplicate transactions and I would end up in a situation where Mvelopes said I spent more than I did, and I ended up creating offset accounts and envelopes to try and fix it. Like I said, if anyone has any questions about switching from Mvelopes, I'm more than happy to answer if I can - just reply to this thread. Instead of using cash and paper envelopes, users are able to use digital envelopes and their debit card. Are you saying if you leave TBB to $1 it will show up? Our 6 user reviews can help you decide. I don't have the extra money to bring it current before month end. And I have yet to find a duplicate transaction in YNAB, but if it does happen at least I can delete it myself. Is Mvelopes right for you? YNAB costs $60. This is something that Mvelopes used to have and was also taken away. As with EveryDollar, your credit card will be charged at the start of the annual billing period. Hopefully you're being far more specific about categories than what I bolded. a category group for your Mvelopes funding plan), then you'll be able to easily fund different categories by just selecting the group when you receive different paychecks. If we overspend but can't afford to move money from another envelope, we see the red as an "IOU" to that envelope and work to pay ourselves back as we have extra income or leftover money we can sweep into it. (There are several types of goals, not just "budget this much to this category each month.". Vibrant That's the trick I was looking for. We reviewed EveryDollar and found that it's claim of being able to set up a budget in 10 minutes to be accurate – it's super simple, very easy to navigate, and follows the overall structure of Dave Ramsey's Baby Steps. Do I have to manually populate that every month? Like You Need a Budget and Every Dollar, Goodbudget uses the envelope system to help you get a grip on your spending.It doesn’t espouse as strong a philosophy as either of … YAY! Instead of a funding plan, you have a budget. This post features my original YNAB review from January, 2010. Once you’ve imported your transactions with YNAB, you simply need to click on the category section and assign the expense to a category. (I hope that's right!). My wife usually adjusts the budget and prefers to do it on her phone. In this way, it’s easy for you to understand. Get January all cleaned up, then start February with whatever's in TBB. Other competitors include Personal Capital®, Tiller®, CountAbout®, EveryDollar®, and mvelopes®. Is there any way you can think of to make this work for us? I recall when I first starting using YNAB, the first month was tricky. 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