Budgeting App - Multiple Income

SD449

Hi All

I am looking for an App or Bank Account that can help with budgeting, however my biggest issue it with them being smart enough on the income side.

Between my Wife and I we have multiple incomes;
Me;
Wage - 4 Weekly
PIP - 4 Weekly
Working Tax Credits - 4 Weekly

Wife;
Wage - Weekly
Bursary - Monthly
Child Tax Credit - 4 Weekly
Family Help - Monthly

So we have all of these coming in on different days and dates each month with the difficulty being how much we can save/spend to get us to the next week/month.

I am considering a new app based account like Monzo or Starling but these only seem to let you set a monthly salary which will not fit into the above.

Also looked at Money Dashboard and Yolt but I think a similar thing is required.

Can anyone give us any help or suggestions please. TIA

LobsterMemory

Whenever I see a post like this, I think, does it have to be an app?

Your requirements are fairly standard stuff for a desktop package, but if you don't have access to one or you've set your heart on an app, then that's not much use

central

The Emma App would suit you I think

blue.peter

LobsterMemory wrote: »

Whenever I see a post like this, I think, does it have to be an app?

Your requirements are fairly standard stuff for a desktop package, but if you don't have access to one or you've set your heart on an app, then that's not much use

Quite. My first thought was that this would be simple to set up in AceMoney but, as you say, that requires a desktop/laptop computer running Windows/MacOS/Linux + Wine.

I've also seen recommendations for MS Money. I've never used it, but I'd guess that it could also cope with the situation described. It's free, but only comes in Windows flavour.

(I have two pensions, paid on different dates, that I set up in AceMoney's Schedule page. It can easily cope with other frequencies, including weekly and four weekly.)

colsten

Whatever the name of the app / desktop package, they all allow you to specify any number of incoming payments per account, each with their relevant frequency.

choccyface2006

Microsoft Money would be perfect, I've used it for 14 years and at times have had different incomes coming in at different frequencies.

As mentioned it would need to be ran from a PC/desktop not an app.

Willing2Learn

I use YNAB. It can handle multiple incomes with ease.

SD449

Thank you everyone for you replies

It doesn't need to be an app but would need to be osX as I am a Mac user.

The reason I was thinking an App was because I wanted the user input to be minimum with a live view of income, bills and spending summery.

I will look at the other programs now

SD449

choccyface2006 wrote: »

Microsoft Money would be perfect, I've used it for 14 years and at times have had different incomes coming in at different frequencies.

As mentioned it would need to be ran from a PC/desktop not an app.

Unfortunately this wont work easily on my Mac

SD449

Willing2Learn wrote: »

I use YNAB. It can handle multiple incomes with ease.

Reading reviews it seems it doesn't integrate with UK Bank Accounts

getmore4less

Its not really a budget problem==the plan of how you want to spend your income.

Its a tracking/cashflow problem to get the timing of when you can spend the money

One simple solution is build a buffer so the timing of income does not matter and is detached from the spend cycle.

if you can't have a buffer immediately you can build it up slowly and adjust the amount going into longer term savings to manage the ups and downs

As said MSMoney has all the tools built in to plan, track, report, forecast

This sort of stuff is so much easier on big screen once set up and the projections done it does not have to be real time, as long as you are keeping close to plan the review updates can stretch out as you get more comfortable you are keeping on track.

Weekly updates can go out to monthly fairly quickly and if the data set is good the forecast(year is good) will let you know if you are on track to not run out of real cash.

Other products can probably do it as well.