What does GoodBudget mean by "x years of (transaction) history"?

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  • Updated 7 months ago
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Hi there! I've been using GoodBudget for the past 2 months and it's been great! I've been considering upgrading to GoodBudget Plus when the time comes that I need it, but I'm concerned about this "5 years of history" thing. What does it mean?

Does it mean that I'll only be able to export 5 years of transaction as a CSV? Does it mean that transactions made more than 5 years ago will be deleted from the server to make room for more transactions?

I'm sorry if it's been asked before, but I couldn't find it. (And if it's a dumb question, I'm sorry, I'm very new to the finance, budgeting and banking world.)

Thanks. :)
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Sharmaine

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  • confused

Posted 4 years ago

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Karisa Russell, Official Rep

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Hi Sharmaine, 

This is a great question! You're right that it means that transactions that are older than 5 years will be deleted to make room for new ones. 
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Sharmaine

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Alright, I see. Thanks for the reply, Karisa!
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rigert

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Hello,

I am new to Goodbudget and appreciate your efforts here. I do understand the limitation of 1 year history in the free app as a limitation, but why is there a 5 year history limit for the payed version where the only way to keep the history is to extract the data on CSV? Is it foreseen to extend this at any point? I am looking forward to having this platform for longterm and like to keep my history.
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Karisa Russell, Official Rep

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Hi rigert, 

That's a good question! If longer transaction history becomes an issue for our long-term subscribers, we'll gladly make sure there's an option for extended history for people that need it.

Karisa
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Valerie

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Will I get a notification BEFORE my data is deleted?
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Karisa Russell, Official Rep

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Hi Valerie, 

Good question! You will not be notified because you would potentially receive a notification on a daily basis after your first year. That's because Goodbudget removes your data on a rolling basis. Which means that if you're on the Free Version, for example, Goodbudget will remove data that is more than one year old on a daily, rolling basis. 

If you'd like to keep records on your data, I'd recommend exporting your Transaction data into a CSV file that you can then store on your computer for later reference. 

Here are instructions on how to export your data in a CSV file while on the Goodbudget website: http://help.goodbudget.com/customer/portal/articles/1370547

Hope that helps!
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John Vander Stel

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It would be a good idea for GoodBudget to consider keeping data for 7 years for pro users due to the recommended requirement to keep tax records for a full 7 years.  Just a thought...
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Karisa Russell, Official Rep

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Hey John, 

Thanks for the suggestion! I've added it to our tracker for future consideration. 

For now, try exporting your data so you have records saved to your computer for tax purposes. 

Thanks John!
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jeremie

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Is there any news to this? The actual amount of data isn't much (it's only text) and this kind of potential data loss is a real dealbreaker for the type of person who meticulously tracks every expense like me and I guess most long-term users. I signed up 2.5 years ago and just found out about this limit today.

Consider adding an unlimited tier for paying subscribers, or at least something very high like 20 years. The additional cost for storage is negligable and you could easily ask more for it.
(Edited)
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Alex Park, Official Rep

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Hi jeremie,

Thanks for posting, and I understand your concern about data loss. I've added your voice to our tracker, but at the moment, we don't have plans to change our subscription versions or options.

But I just wanted to add, in case you weren't aware, you can save an offline copy of your Goodbudget transaction history by exporting a CSV file of that data.

Here are instructions on how to export your data in a CSV file while on the Goodbudget website: http://help.goodbudget.com/customer/portal/articles/1370547
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Alex Park, Official Rep

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Hi everyone,

We wanted to follow-up on this thread and thank you for sharing your thoughts and feedback on the amount of time your transaction history is stored in Goodbudget. We've just made a change to the Plus plan, and households on the Plus plan will now have their transaction history saved for 7 years rather than the original 5. The Free plan will remain unchanged and save transaction data for 1 year.

Please let us know if you have any questions!