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Budget with a why

Getting on a budget. An actor’s story

Posted by on December 28, 2015 in Articles | 0 comments

There are always lessons to be learned in life! Especially when it comes to budgeting and making smart financial choices. Meet Jenny R, an actor and budding financial guru, who while making her way through the ups and downs of life, discovered that debt is a real thing. And, when debt strikes its ugly head, it’s hard to get out of the way fast enough to escape unscathed. Thankfully, she used her experience as an opportunity to gain financial control and climb her way out of debt. Before Jenny got serious about finances and started using Goodbudget, she often told herself, “That kind of stuff isn’t for artists.” She tricked herself into thinking that budgeting wasn’t important. But, as she went from audition to audition, it became clear that work wasn’t going to come in as steadily as she had hoped it would. With less cash coming in, it became all the more tempting – and even necessary – to put purchase after purchase on her credit card. She admits, “My energy and time were consumed by worry… I often borrowed money from friends to pay rent, and I maxed out one credit card after another.” She had hit a financial wall and knew that something had to change. Knowing that her work as an actor was important enough to fight for, Jenny decided she was going to climb her way out of debt and get back on track. To help her reach her financial goals, she enrolled in a money management class with an organization called The Actor’s Fund. That class helped her understand the importance of budgeting. Especially because work as an actor isn’t always steady, making it even more vital for her to remain diligent with her expenses. She continued attending classes, and started accounting for her income and her expenditures. After calculating that her average spending exceeded her average income, she made changes and negotiated realistic debt repayment plans with her credit card companies. She was on her way to lowering her monthly expenses! Soon enough, she managed to create a budget where her income was more than her spending. After booking a national commercial for a credit card (Ironic? Maybe a little), she was able to fund an IRA! Now, Jenny is furthering her financial education and focusing on saving up for the future. So, what does this all mean? Well, for Jenny, it means more restful nights. When we know where and how we are spending our money, we feel more in control. We feel like we do have some say for how tomorrow will turn out and we can then worry about money less. “My decisions now come from a place of greater personal strength. My newfound ability to say, “no,” when someone urges me to spend money on yet another aspect of an acting career is plainly liberating.” We’d have to agree on that! Now, this doesn’t mean that we will ever be perfect at it. Even Jenny admits to overspending in her...

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Reports come to Android!

Posted by on October 19, 2015 in Announcements | 2 comments

View your reports on the go! Spending by Envelope Report. This colorful report shows what you spent on each category for this month, last week, last month…or whatever time range will help you understand your spending. Tap on your Food, Fun, or Vacation Envelope to highlight it. Income vs. Spending. This report shows if you’re living within your means, or just plain ol’ spending more than you’re making. (Hope not.)   A fresh, new look for the app you love. Goodbudget for Android gets a Material design facelift! Check out the vibrant new color scheme, and the new Add Transaction button. Now, adding expenses is just a thumb’s reach away — and staying on budget just got easier! Go to the Google Play Store to update! Happy budgeting! – The Goodbudget...

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Income vs. Spending on iPhone Reports!

Posted by on October 7, 2015 in Announcements | 2 comments

Spend less than you earn… every time. Whether you’re living paycheck to paycheck, sharing a Household, or tracking multiple incomes, keep an eye on your income easily. With the Income vs. Spending Report, you can be sure you’re spending less than you earn and gain peace of mind! Now, see your spending and income reports on one screen. The Reports Summary puts the two reports you love most in one place. A quick glance gives you all the insights you need.   No more stretching! Goodbudget now fits iPhone 6/6 Plus How much is in your Savings Envelope? No need to scroll quite so far down! Goodbudget for iPhone 6/6 Plus got a facelift so you can see more of your Envelopes without scrolling all the way down. Go to the App Store to update to the newest version of Goodbudget for iPhone. Happy budgeting! – The Goodbudget Team    ...

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Goal Envelopes, now on your Android!

Posted by on August 25, 2015 in Announcements | 2 comments

Reach your savings goals with Goal Envelopes on Android! With Goal Envelopes on your Android phone, you can save for those big one-time purchases you’ve been daydreaming about for awhile. Set a due date, and Goodbudget will tell you how much to save from each paycheck to reach your goal. Time to save for that vacation, car, wedding, you name it…Goal Envelopes will help you get there! Save for birthday presents… before their birthday. Birthdays year round. Christmas presents in December. Back to school clothing for the kids in August. After hearing stories like these from Goodbudgeters like you, we added due dates to Annual Envelopes. So you can budget on time. Every time. Add a new Envelope in Goodbudget on your Android phone to see these Envelopes in action. Happy budgeting! – The Goodbudget...

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EEBA Web Interface will be Retired

Posted by on March 16, 2015 in Announcements | 8 comments

Dear users, We’re writing to let you know that we will be retiring the EEBA website next month on April 16, 2015. This change does not affect our Android app, iPhone app, and Goodbudget website — you can continue budgeting there with your same envelopes, accounts, and transactions. When we launched Goodbudget approximately 16 months ago, we announced that we would eventually be shutting down the classic EEBA website. In the interim, we would maintain and allow you the ability to use both to manage your budget. Why are we retiring the EEBA website? We’re an energetic team that works smart, but we are also aware that we have limited resources to do everything we’d like to do. Because of this, we need to make sure that we’re stewarding these resources wisely and in the way that best serves our user community. The Goodbudget and EEBA websites share the same backend data and, for the most part, provide the same functionality. But the Goodbudget interface is preferred by 94% of all of our budgeters. So it makes sense to direct our time, effort, and energy toward it. In the past year, we’ve added Goal Envelopes, an Income v. Spending Report, and future transactions to the Goodbudget website along with numerous other improvements. And having weekly, monthly, and 3-month Envelopes simultaneously will be coming to Goodbudget this year too. While in a perfect world, we would keep the EEBA interface up and available, the reality is that as we make improvements and release features going forward, it takes significant extra effort to maintain (and support) the EEBA website on top of the Goodbudget website and our Android and iOS apps. This is true even when the improvements we make aren’t visible on the EEBA website. In fact, one of the reasons why we originally undertook the Goodbudget redesign was because EEBA grew up too quickly and the website wasn’t built in a way that made the software easy to maintain. For Current EEBA Users For those of you still using EEBA, you can login to Goodbudget with your same username and password, and all your data syncs securely between both websites as well as our Android and iPhone apps.  For now, you can go back and forth between the two websites until we shut down the EEBA site. While all the features from EEBA are in Goodbudget, we know that the two websites are laid out differently. To ease your transition, we’ve written a how-to article to help you get started; and Becky and Steve on our stellar support team are also always available. While we would love for you to continue with us at Goodbudget, we also understand if you choose to find another budgeting tool. We’ve always been committed to your data being your data. You can get your data (Envelopes, Transactions, and Accounts) as CSV files — just email support@goodbudget.com with your username. For those who have supported us as paid subscribers (deep thanks), you can cancel your subscription directly from the Goodbudget site. If you’re cancelling an annual subscription, we’d also like to...

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We’re Hiring!

Posted by on March 12, 2015 in Announcements | 0 comments

Goodbudget is on the lookout for a smart, capable individual to serve in our home budget app business.  The Customer Support & Marketing Associate role is a full-time position housed with the rest of our team in our San Francisco, California office.  You’ll support customers with their day-to-day questions and assist our team in conceptualizing and executing savvy marketing ideas based on market analysis.  A passion for budgeting is essential, specifically for helping people use digital tools to make better choices when it comes to money. More details in the job description.  Note that applications received before 9am Pacific Time on March 23, 2015 will be given...

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Pen and paper to app

Posted by on in Articles | 8 comments

I used to do all my budgeting with pen and paper. Then Goodbudget started growing on me. The way my old pen-and-paper system worked: At the beginning of each month I wrote down the amount I received from my paycheck Subtracted my recurring expenses Deducted expenses from my total every time I made a purchase Based all of my decisions off of my total account balance What I had before wasn’t perfect, but it worked. The whole thing was sort of a modified version of balancing my checkbook. When I started using Goodbudget, I started thinking in terms of envelopes and categories. My total account balance mattered less because I learned it was a poor indicator for spending how I wanted to in each category. The first major change was that instead of writing transactions on pen and paper, I started exclusively entering them into Goodbudget.  I always have my phone on me, so it was easy to do it right at the store.  No more saving receipts! The second major change was using Accounts in Goodbudget. I didn’t think tracking accounts mattered since my envelopes “covered everything.” As a result, I didn’t care how much was in my account. One day, when my envelopes and real-life bank account on my bank’s website didn’t match, it’s like a light bulb went off and I wanted them to match. The peace of mind coming from knowing the amount in my bank account and the amounts in my envelopes matched was worth changing my system. Fast forward to today, I’ve switched to Goodbudget. Completely. And I couldn’t be...

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Reach your savings goals with Goodbudget (on the web!)

Posted by on November 25, 2014 in Announcements | 5 comments

Save for vacation with Goal Envelopes on the Web! With Goal Envelopes (just added to Goodbudget on the Web), you can save for those big one-time purchases you’ve been daydreaming about for awhile. Set a due date, and Goodbudget will tell you how much to save each paycheck to reach your goal. Time to save for that vacation, car, wedding, you name it…Goal Envelopes will help you get there! Save for Christmas presents. By Christmas. Christmas presents in December. Back to school clothing for the kids in August. After hearing stories like these from Goodbudgeters like you, we added due dates to annual envelopes. So you can budget on time. Every time. Try the new envelopes here: https://goodbudget.com/envelope/edit Happy budgeting! – The Goodbudget...

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Reports come to Goodbudget for iPhone

Posted by on October 13, 2014 in Announcements | 2 comments

The two most popular web reports now on iPhone! Spending by envelope report. This colorful report shows what you spent on each category for this month, last week, last month, whatever time range will help you understand your spending. Try tapping on your food, fun, or vacation envelope, the chart will highlight it! Income vs spending report. The income versus spending report shows if you’re living within your means, or just plain ol’ spending more than you’re making. Why yes, Goodbudget for iPhone did get a facelift. With this launch, we gave the iPhone app a facelift with a new font and color scheme, to make it easier on the eyes. We hope you’ll love the new look. Our goal is to always keep Goodbudget up-to-date for you, our Goodbudgeters! Go to the App Store to update to the newest version of Goodbudget for iPhone. Happy budgeting! – The Goodbudget...

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Goodbudget for the Web, version 2.3 is out!

Posted by on August 20, 2014 in Announcements | 9 comments

Goodbudget for the Web, version 2.3 is out! This was a big release with some cool new features and changes in our system to help us serve you better. Read on for a few of the highlights. Get a snapshot of your budget automatically in your email This new email report will highlight the envelopes you’ve overspent on, as well as the ones you’ve underspent on so you can make any necessary adjustments to your budget. Custom Quick Fills For those of you who manually fill your envelopes each month, this feature will help you create “Custom Quick Fills” to make the process of adding income to your envelopes even faster. Create Pending Transactions Before when you created a future transaction it would post immediately. Now when you create future transactions they show up as “pending” until the date you chose. It works just like you expect it to. We’re squashing bugs! In this release we made many, many, many bug fixes. Happy...

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