Best Budgeting App for multiple income streams

GIAToo

I am struggling to budget effectively since my various streams of income (two salaries, UC, child benefit and child DLA) all hit my bank account on different days of the month!  Most of my DD's go out on 1st month, but not all.  Is there a budgeting app that can help me manage this?? I've done a search on this, but the last related post was three years ago and I suspect things have moved on since then! Many thanks in advance for any advice  

blue.peter

GIAToo said:

I am struggling to budget effectively since my various streams of income (two salaries, UC, child benefit and child DLA) all hit my bank account on different days of the month!  Most of my DD's go out on 1st month, but not all.  Is there a budgeting app that can help me manage this?? I've done a search on this, but the last related post was three years ago and I suspect things have moved on since then! Many thanks in advance for any advice  

AceMoney certainly will. I'm in a similar, if simpler, situation (two sources of income, paid on different days, most DDs go out on the 1st), and find its facility for looking ahead to be very helpful in planning. You do need to make good use of its Schedule page in order to plan like this - you set up not only your outgoings, but also your expected income. This is a little laborious at first, simply because there are so many entries needed and you'll need to understand how to do it. However, once that's done, it becomes fairly straightforward.

As long as you attribute categories to your spending, it will also produce reports of your spending broken down by category.

AceMoney isn't free. However, there are other programs that are worth considering. Some are free - MoneyManager EX comes to mind.

Band7

You really need a PC/Laptop, or a Mac,  for AceMoney. If you only have a phone or a tablet, you need to look elsewhere. 

Assuming you have the right hardware for AceMoney: it is fairly simple and quick to set up 4 recurring incomes. It should also be fairly simple and quick to add all the regular bills.

You can then set your budgeting outlook for up to 5 years, and AceMoney populates your current account numbers for you. You can see your remaining balance on a per day basis, making it much easier to cope with your budget.

As and if your income or bills change, you simply modify / add / delete the forthcoming transactions.

You can very easily add any other transactions - shopping, cash withdrawals etc etc etc

Their website says they do a 30 day trial period https://www.mechcad.net/product/acemoney-personal-finance-software-quicken-alternative/