Goodbye Mint. Here’s a Perfect Budget Alternative: Buddy Budget Update! FULL REVIEW

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Caleb Bale

Күн бұрын

Пікірлер: 56

@CalebBaleFinance Жыл бұрын

⚡Download the Buddy app from the App Store! buddy.download

@RicardoRocco90 3 ай бұрын

My transfers between accounts are being counted as both income and expenses, which skewing my financial reports! How can I fix this issue?

@viviennemakumbirofa1852 2 ай бұрын

Hi, have you found a fix?

@CalebBaleFinance 2 ай бұрын

Great question! Someone else had this question and I don't think I have a perfect answer. But basically if it's just a transfer, I would just delete both transactions as that would keep it from associating the transactions with income and expenses. Sorry for the late response!

@traceb4521 Жыл бұрын

What’s the best way to handle internal transfers in the app? I have both my checking and savings accounts added, and when I select “Transfer,” it wants to transfer between wallets instead of my actual accounts…

@OlleLind1991 Жыл бұрын

Buddy doesn't have access to your actual money to do transfers/withdrawals. You would still need to make the actual transfers from your bank. / Founder of Buddy

@CalebBaleFinance Жыл бұрын

Hey Trace! Great question. Think of the wallets more as sinking funds than accounts you can transfer between. As Olle said, Buddy does connect to your bank account but it cannot control your bank accounts. So if you try to “transfer” between accounts, it can’t move money from checking to your savings account. So if you use the wallets as sinking funds within your checking account for example, all your money stays in your checking account, but you can transfer money from your "spending wallet" to your "vacation wallet" or "home downpayment wallet." It just provides a better way of saving for some goals. Hope that helps!

@traceb4521 Жыл бұрын

@@OlleLind1991 sorry, I should’ve specified. I know Buddy can’t move the money for me - I’m talking about the transfers I make between the accounts and how they’re displayed in the transaction list. For example, I schedule a transfer from my checking to my savings via my banking institution, but in buddy it treats it as expense and income to each account, respectively, which then appears in my budget.

@traceb4521 Жыл бұрын

@@CalebBaleFinanceI’m still figuring out sinking funds and the layout 😅

@CalebBaleFinance Жыл бұрын

@@traceb4521 I hear you haha. Well if you have any questions, I’ll do my best to answer them

@veraask7474 6 ай бұрын

Hi!! How can you review last month’s budget? I don’t know where you can find it

@CalebBaleFinance 5 ай бұрын

All you have to do is hit the arrow to the left of the month. Try that! Sorry for the delayed response!

@veraask7474 4 ай бұрын

@@CalebBaleFinance Thank you so much!!

@Samantha.RoseKingg 5 ай бұрын

Is there a way to separate your checkings? I have a joint account that i share with my bf and then my account that i use for completely different reasons. Is there a way I can make separate budgets for each?

@CalebBaleFinance 4 ай бұрын

Yeah you can create multiple budgets! Just go to the budget tab, tap the budget at the top and you can create a secondary budget there.

@viviennemakumbirofa1852 2 ай бұрын

Hey Caleb, thank you for your videos from the Czech Republic! I've been struggling with one feature, maybe you can help? I don't how to mark a transfer from one bank account of mine to another. It's not income nor expense - I was just transferring my money from my business account to my personal account from which I pay everything non-state/work-related. The thing is, both of these accounts are successfully synced with the app. Therefore I don't understand why the "TRANSFER" option (next to expense or income options) while trying to select "from" and "to" shows me some kind of wallets and not my bank accounts. If the app allowed selecting "from spending" and "to spending" while marking a transfer, the problem would go away. But since the app bulked both of my accounts as "spending" how do I mark a transfer between them?

@CalebBaleFinance 2 ай бұрын

Hello! Wow, the Czech Republic? That's crazy! Also sorry for the slow response! That's a great question. I'm trying to replicate what you're saying in my own app and I'm not totally sure the best way to answer it. To me it looks like since both are categorized as "spending" accounts, the transfer should just be a wash. Basically, I wonder if you can just delete the + and - transactions making up the transfer since both of them are in the same category of accounts (spending). It seems like that would take care of the issue, but unfortunately I'm not totally confident in that answer.

@calivali2876 6 ай бұрын

Can I integrate this with the budget app (I LOVED the calendar in the app) by using their CVS export?

@CalebBaleFinance 5 ай бұрын

That's a great question but I'm afraid I don't know! I haven't heard anyone try to integrate two apps. If you figure out how, let me know

@dangelothomas8698 Жыл бұрын

What about the + - transactions of bill payments? Ex. I pay 100 on my credit card and it shows the payment but also shows a positive value to I guess offset. Where does the positive and negative transaction go? If I have a different wallet for my credit cards, do I put the + figure there to represent the payment?

@CalebBaleFinance Жыл бұрын

So it's going to be a little hard for me to answer without fully understanding what's going on but I'll certainly try to explain how I would do it. When you make a purchase with your credit card, the transaction should show up in your "overview" tab at the bottom under "list" at the top right. If you tap on the $100 transaction you made on your credit card, there will be a category, then just under will be the wallet it's coming from, in most cases "From: Spending." Directly to the right, there's two arrows pointing opposite directions. If you tap on that, it drops down and shows "to wallet." When you tap on that, if you choose your credit wallet and tap save, that will add the transaction to your credit wallet and also add it as extra balance to your credit wallet that needs to be paid off. When you do make a payment towards the balance, the payment will show up as a transaction from your bank account, tap on it, then tap on "From: Spending" and choose your "Credit" wallet. That will make the transaction show a negative expense in the credit wallet, lowering your balance. Hope that helps! I understand the + and - can be difficult to figure out how to get them to work right in the app with all the transactions, especially with a credit card. But this is at least how I would handle what I believe you're asking about.

@marlamejia3108 10 ай бұрын

Since the record is per month, can you automatically carry over your current balance to the next month?

@CalebBaleFinance 10 ай бұрын

Yeah, you can carry remaining balance to the following month!

@yogaeoleosessenciascomvivi8583 2 ай бұрын

Is there a way to check each account separately? I have business account and personal account, and it seems that the app combine them.

@CalebBaleFinance 2 ай бұрын

Great question and sorry for the slow response! If you tap on tools at the bottom, then tap bank connections, it shows each of the account balances individually. Hope that helps!

@fobbbbb19 Жыл бұрын

I might have missed it, how do I actually use the bank connectivity? I can't find the option in the app or is it a US thing only? I am in Australia. Great video btw!

@CalebBaleFinance Жыл бұрын

Hey no worries! If you have premium, just go to tools at the bottom and then tap on bank connectivity. I believe you should be able to connect in Australia as far as I know! But ultimately it’ll depend on if your bank in offered through the Plaid service which you may be able to check. Thanks so much, glad it was helpful!

@michelereesa 20 күн бұрын

@@CalebBaleFinance I don't see the bank connectivity function either. I'm also in Australia. Just on the trial at the moment.

@manuigil987 7 ай бұрын

Hi, I’m using buddy from France and I don’t have the save tab ? ❤How did you get that ? Only in us ?

@CalebBaleFinance 7 ай бұрын

Hello! Sorry for the slow response. I'm afraid that feature is only in the US!

@kellyfrancecoaching Жыл бұрын

Thanks for this! Does Buddy automatically find my subscriptions or do I need to enter them manually?

@CalebBaleFinance Жыл бұрын

Absolutely. Yes, it can find your subscriptions!

@MsMia70 Жыл бұрын

What are your thoughts on Rocket Money?

@CalebBaleFinance Жыл бұрын

Great question! Honestly, I haven't gotten a chance to test it. But maybe I will soon! They're certainly doing a ton of advertising recently.

@WOUUUTT Жыл бұрын

can you log refunds to the initial expense?

@CalebBaleFinance 11 ай бұрын

Great question! Honestly, I don't know if you can. However, I wouldn't even do a return that way. I would add it as a positive transaction instead of a negative one (like an expense). So like if you make a purchase at Walmart and you assign it to groceries, if you make a return, go ahead and at that as income back to the grocery line. I believe you should be able to do that. That way a return doesn't make the income for the whole budget look higher than it is. Hope that makes a little sense.

@Mattyehdams Жыл бұрын

Weird I don’t have the section in save where you can see your subscriptions

@CalebBaleFinance Жыл бұрын

Really? Interesting, I wonder if versions are getting released at different rates depending on your location or the app store you're using. Thanks for the heads up! I'll reach out to Buddy and see if I can get some clarity on that.

@Mattyehdams Жыл бұрын

@@CalebBaleFinance when I first opened it they were there but once I actually got It set up it disappeared. May try deleting and reinstalling 🤷🏼‍♂️

@hayleygilson850 9 ай бұрын

@@Mattyehdamsany idea why this was happening because it’s happening to me and that’s one feature I really need to help sort out what I’m being charged for

@MMESPARZA 3 ай бұрын

I don't see it in Google Play store 😫

@CalebBaleFinance 2 ай бұрын

Yeah, I'm afraid it's only available on the App Store..

@shan1082 Жыл бұрын

Just started using buddy. I am having the same trouble as those above. I have my credit card linked and if I make a payment it comes up as a + and - I am confused how to label this so it does cancel out in my budget

@CalebBaleFinance 11 ай бұрын

Hello! Sorry for the delay. It's a bit difficult to answer very specific questions on here about budgeting but it sounds like if you have the same problem as another commenter, what I told them may be the best thing to try. So here it goes. When you make a purchase with your credit card, the transaction should show up in your "overview" tab at the bottom under "list" at the top right. If you tap on a $100 transaction (for example) you made on your credit card, there will be a category, then just under will be the wallet it's coming from, in most cases "From: Spending." Directly to the right, there's two arrows pointing opposite directions. If you tap on that, it drops down and shows "to wallet." When you tap on that, if you choose your credit wallet and tap save, that will add the transaction to your credit wallet and also add it as extra balance to your credit wallet that needs to be paid off. When you do make a payment towards the balance, the payment will show up as a transaction from your bank account, tap on it, then tap on "From: Spending" and choose your "Credit" wallet. That will make the transaction show a negative expense in the credit wallet, lowering your balance. Hope that helps! I understand the + and - can be difficult to figure out how to get them to work right in the app with all the transactions, especially with a credit card. But this is at least how I would handle what I believe you're asking about.

@andreiafreitas5583 Жыл бұрын

Hi. I just Download this App and was searching for a Good explanation. I have a question. The income it is possible make it with 2 different incomes. I mean I earn for exemple 3000€ and my husband 5000 France Swiss. And we have rents in euro and other in Switzerland. It is possible to make in the same accounts 2 diferente folder. ( I don’t know exactly explain 😅) many thanks 😊 for your help

@CalebBaleFinance Жыл бұрын

Woah, I've never had that question before! I don't believe you can budget with two different currencies in Buddy or any budgeting app that I'm aware of. Do both paychecks get deposited into the same bank account? The easiest way to handle this that I can think of is depositing both checks into one bank account, then the bank will deal with the conversion of one currency into the other currency, allowing you to budgeting your incomes in one currency. Ultimately I don't know if this is the best way of handling it, but it's the only way I can think of. Hope that helps!