Currently I keep track of personal finance using a simple Google Sheet but thinking of trying out a tool like Mint or Monarch (when they open for more invites). Any recommendations?
I tried using Mint for a while, I was super excited at first because of its nice UI, features, and of course zero-cost. However, reality hit and, well, 'the way I got my bank account set up, I got a checking and a savings, but all my money is in my savings, so I gotta switch it to my checking, but it's gonna take 3 business days... and it never really goes through...'
Jokes aside, I hear a lot of people are big fans of YNAB. It's not free, but my friends rave about how robust and effective it is. That being said, I also have friends who say all you need is to join r/personalfinance...
Having covered the space as an analyst for 20 years, my first and best experience was using Microsoft Money on the desktop. When that was discontinued in 2008/2009, I switched to Mint which worked fine for a few years, but ultimately I didn't have the discipline to maintain it and I fell off the PFM wagon altogether. Now I use my banks' online banking and am open to a new service that ties things together while providing some value adds around security/service/etc.
I’m using and recommending YNAB but it's more about the system than the app itself.
A Google Sheet pulling stock market and metadata from Google Finance to track your liquid assets. If you need to integrate data from further sources or more advanced computations, just setup a python cronjob to read/edit the sheet through the G Sheet API!
I use a simply formatted excel spreadsheet with as few inputs as possible, all funneling down to a net-in and net-out amount each month and a cumulative net-saved amount. I let my Chase credit card app give me a sense for spending categories. I've tried Mint and a few others but find them hard to stick to.
Tiller (https://www.tillerhq.com) is another option. They have several Google Sheets and Excel templates for various forms of budgeting and tracking, rules based auto-categorization, the usual stuff. But the killer feature for me is their Yodlee feeds. I have a sheet hooked up to my personal accounts and another for business accounts which gives me filterable transaction data cheaper than I could set up and run a server to collect it myself. I'm not especially diligent about categorizing, budgeting and such but having all my transactions easily available already in a spreadsheet without having to login and download them separately makes things a lot faster when I need to do something with the data.
Another vote for YNAB! Been a consistent user for the past 4 or so years to keep track of household finances. There’s a slight learning curve, of course, but it really does help to give every dollar a purpose.
I like Mint but the biggest pain point is the inconsistency of the integrations. Can cause a really awful user experience.
I use a Google Sheet that gets updated monthly to track my points across all frequent flyer programs, debt, credit card expenditures, and assets. It's manual work, but I find that doing it on a monthly basis really helps me take stock of my financial health and actively make decisions the next month to improve upon it.
Some other options to look at include those shared in this previous discussion about personal budgeting apps, where You Need a Budget, Truebill, Copilot, Lunchmoney, Monarch, Personal Capital, and spreadsheets (including the new Money in Excel feature) were all recommended.
For another option that combines the idea of using a spreadsheet for personal finance and having a tool that automatically pulls in transactions, Microsoft officially launched their new Money in Excel feature for Excel today—and it works in Excel's desktop apps and Excel Online. It's powered by Plaid for account connection, and shares some similarities with the older Microsoft Money app.
As a LONG time QuickBooks user I tried Mint for a while. While interesting, it wasn’t really necessary as I was already spending time in QuickBooks and had visibility into my accounts, I could run reports, etc. Another factor for not continuing it’s use was that it was just something else I needed to maintain and update. It just wasn’t able to keep everything synced with live data. If YNAB is able to keep all the integrations working and keep all my data up-to-date, I think I may take a look.
I use Wealthfont for a high-level overview of my finances and Mint for a more detailed view. I find that Mint and other similar apps sometimes miscategorize transactions which make it difficult to track my personal finances in detail.
Looking for a better way to plan remote meetings across time zones, and keep up with events. What software is doing that best today?