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kurisu
4th June 2007, 04:55 PM
Hi all,

I'm thinking it's time to really manage my money, just wonder what apps do other people here use and reasons to choose one over the other apps.

Cheer,
Chris

purana
4th June 2007, 06:18 PM
An excel spreadsheet showing incoming vs outgoing expenses (along with the various auto splits of funds to cover say bills etc).

So we adjust a few items month to month and we know how much we can save, ie the left over :)

Shatter
4th June 2007, 06:28 PM
Quicken, it came on my install disk. :D

rtc
4th June 2007, 07:03 PM
being old-fashioned, my apparatus consists of:
- a pen (or sometimes a highlighter or a CD-RW texta, whatever's closest)
- mental arithmetic (or, in extreme situations, the Dashboard claculator via the F12 key)
- a handy post-it note or the back of the nearest envelope

The means, as you can see, is not the issue. The issue is in the theory I apply.

Which is as follows:
- schedule bills and credit card repayments via the net, scheduled for the due date and the exact amount, and not a moment before.
- soon after each pay, get balance of main bank account.
- subtract "future transactions" (e.g. bills and transfers in first step above) that are scheduled for before the next pay
- subtract amounts of fixed expenses that will have to be paid before next pay (e.g. rent)
- subtract ROUGH living expenses (e.g. food, travel, beer, more beer, kebabs, clothes, shoes, haircuts, macs, etc etc etc - pretty much anything except what you'd pay for by credit card)
- round down the remainder to the nearest $250
- if the rounded number seems too small, adjust spending amount in above step and drink less / go out less / get less taxis everywhere when drunk / buy less clothes / defer whimsical spending to future / etc until "living expenses" is a bit less and remainder is therefore a bit more.
- transfer the rounded amount into appropriate saving(s) accounts

Some people elect to do this automatically every pay and have a regular savings amount automatically. I personally do not do this as I deliberately like to organise it myself to maximise my cash flow advantage. A regular savings automated setup may work better for some though.

At end of year I look at my group certificate (by the way the correct name has now changed to payment summary) and I say "wow, i earned more money than I can now see in my bank... must have had a few beers this year... really should buy shares in local pub... come to think of it have probably bought local pub's pool table 3 times over progressively in $2 coins during the year... oh well..."

melbmac
4th June 2007, 07:31 PM
I'm trying money dance at the moment, and I'm going to give Quicken a go if I can find a mac trail version (haven't looked yet).

Money dance seems okay, does a lot that I'll probably never need...

benb
4th June 2007, 08:29 PM
You might want to check out this thread which mentions a couple of apps:
http://forums.mactalk.com.au/showthread.php?t=29821

There are a number of personal finance apps for the Mac these days with varying price ranges and feature sets (better than a couple of years ago). The thread above mentions many of these so you should check a couple out. Oh and I have written a personal finance app, the link is in my sig.

Iggy
21st March 2008, 12:48 PM
I use to run MS Money on my PC, but as a new Mac convertee, what can I run on my new iMAC running Leopard, which will be similar to MS Money for managing by personal finances and tracking Aussie shares?

tanguero
21st March 2008, 01:01 PM
Whatever you do avoid MYOB.
It will destroy your life (well maybe not but it does suck).

Wally
21st March 2008, 01:17 PM
MYOB is confusing,

Quickbooks seems to take up the par by a million.

or you could try opensource alternatives.

skip
21st March 2008, 01:21 PM
This has recently been released, but I can't vouch for it. Looks quite 'Mac like'.
MotiMotion Prospects (http://www.motimotion.com/prospects/)

Mutters
21st March 2008, 01:27 PM
Whatever you do avoid MYOB.
It will destroy your life (well maybe not but it does suck).

I have been using MYOB since 1997!!!!

And yes, my life has been well and truly destroyed.:mad:


mutters

Graham
21st March 2008, 02:04 PM
Don't use MYOB unless you are running a small business. Even then you will hate it. I do. So does every accountant I talk to.

I've used Quicken for years but am just about to try a demo of iBank to see if it's any better.