Much better than YNAB

  • 3
  • Praise
  • Updated 1 year ago

I have used two other envelope products:  YNAB and Neobudget. 

    I loved Neobudget for it's simplicity.  However it was too simple and I wanted something more robust.

    I then used YNAB.  The concepts were good but the user interface was way too confusing.  Looking at 3 months of budgets and how the money flowed between them was a headache.  Not to mention the rollover balance to next month by subtracting from grand total.  I found myself spending too much time at the end of month just getting it prepared for next month.  It was just too much to grasp.

    Then I found you guys, Goodbudget.  The interface was simple to use.  The web screen is 'clean' and uncluttered.  The android version is beautiful and my wife can totally follow along.  At the end of the day the user has to be comfortable in using the product.   I am now at my one year anniversary and I am sticking with you guys. 

     Thank you so much for a great product.

Photo of Brian Waters

Brian Waters

  • 1 Post
  • 0 Reply Likes

Posted 3 years ago

  • 3
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1675 Posts
  • 216 Reply Likes
Hi Brian,

Wow! Thanks for the huge compliment! We love hearing stories like these. It's clear you take a lot of care in budgeting, and I'm happy you've found something that's comfortable and easy for both you and your wife. (And, I'm happy it's Goodbudget :D )

Here's to many more years of (Good)budgeting!
Photo of Colin Grant

Colin Grant

  • 376 Posts
  • 109 Reply Likes
Well said, Brian.

As an ex YNAB her I know just where you are coming from :-)

Colin
Photo of impaler

impaler

  • 59 Posts
  • 31 Reply Likes
I’m also thrilled with GB, and glad I converted from another app. The community support and employee expertise did not exist with this other software. Also, this is way more flexible. Definitely worth the cost per year (which of course I budget for, just a few bucks per paycheck).
(Edited)
Photo of Karisa Russell

Karisa Russell, Official Rep

  • 1664 Posts
  • 216 Reply Likes
Thanks for letting us know! We're glad to hear you're enjoying your time with Goodbudget! :D 
Photo of Colin Grant

Colin Grant

  • 376 Posts
  • 109 Reply Likes
The most significant advantage is the audit trail for transfers between envelopes. Makes it so easy to go back and make changes or to track what has been done in the past. 
What I do miss from that other software is the rather neat move money tool, but that is just a nice to have. Ability to hide envelopes is also useful. That is about it though :-)
Photo of pdouds1

pdouds1

  • 2 Posts
  • 2 Reply Likes
YNAB had me so cunfused I gave up for a few months. Just finished my first with GB, and I’m really liking it. It syncs flawlessly.
Photo of John Vander Stel

John Vander Stel

  • 279 Posts
  • 82 Reply Likes
Yes,  Good Budget is the best envelope budgeting app or program I have ever seen and used... and I've seen and explored almost all of them in my never-ending searches.  I often look for improvements and new ideas that are used in other programs and apps, and I may even suggest those ideas here, because the very best that I have found throughout all of my experiences in using envelope budgeting is GoodBudget.  Cheers!
Photo of Colin Grant

Colin Grant

  • 376 Posts
  • 109 Reply Likes
In many ways yes. But the ability to budget into next month is a huge draw in ynab. I have several pay days a month and have my finances tied up so that the income paid mid month is used to cover next months liabilities. I do not find that easy to accomplish in GB as you end up filling envelopes twice in the same month and that throws just about everything in the air, it even renders the pace bars redundant. So yes if you want simple month by month budgeting GB wins hand down but if you want to budget into the future the walls created by ynabs monthly views are a great help.
Photo of John Vander Stel

John Vander Stel

  • 279 Posts
  • 82 Reply Likes
Hi Colin,

I truly do understand your concern that the planning ahead for the use of extra funds in the next month is not actually addressed so closely in GoodBudget. 

YNAB allows one to plan ahead by rolling the calendar forward so one can distribute extra funds into next month's envelopes, in advance, without affecting this month's budget.  That is the difference between GoodBudget's and YNAB's own individual philosophy.  

Goodbudget handles this in a different way.  The storage of next month's funds can be held all together in Unallocated and can be distributed from Unallocated at the beginning of the next month, focusing upon reflecting each envelopes current status in the current month.  GoodBudget always first focuses on providing for the current month's needs and allowing one to isolate extra funds together in Unallocated for future months' use.

For me, I'm comfortable waiting until the next month when I may have a better idea of how best to distribute those extra funds. 

You are more comfortable completing actions on more details ahead of time for future months.

Cheers!

John Vander Stel
Photo of Colin Grant

Colin Grant

  • 376 Posts
  • 109 Reply Likes
But that is not budgeting forward, it is just holding a cash lump sum in reserve and a lump sum that is allocated to nothing. You cannot see that you have everything next month covered be that known expenses, savings or whatever. That does not constitute good financial management by any stretch of the imagination, although I can understand how it can work for those who effectively live in the "now".  I have never lived that way and my professional background does not support it either. If I have cash this month that has a known job for next month then I like to assign it and not dump is some miscellaneous category called Unallocated (after all it is not Unallocated is it?).