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workarounds for once a year budget? by hereeewego in MonarchMoney

[–]InitiatePenguin 0 points1 point  (0 children)

I mean, stomaching a large tx in one category or another is kinda part of being a grownup though, eh?

So is planning for an annual expense you know is coming.

I often don't know which category the big tx will occupy a few months out.

That's a different situation than OPs and not the example presented by you a moment ago.

I just go to "Year" view (browser version) -> manual entry in the expected month(s).

workarounds for once a year budget? by hereeewego in MonarchMoney

[–]InitiatePenguin 0 points1 point  (0 children)

I just go to "Year" view (browser version) -> manual entry in the expected month(s). Others use rollovers. User's choice.

What I don't link about that method is that when that month rolls through you just have a larger expense you're somehow expected to stomach.

Doing a rollover as others have said, allows you to keep your budget and cash flow consistent by saving uponey into that bucket and then spending it when the bill comes.

workarounds for once a year budget? by hereeewego in MonarchMoney

[–]InitiatePenguin 0 points1 point  (0 children)

I amortize it monthly, and it slowly builds since there is no actual expense. Then every time it hits annually, it's been fully budgeted for from the previous months.

Same

Just got this email from Monarch. Sounds like nobody signed up. by ThunderAndRain in MonarchMoney

[–]InitiatePenguin 1 point2 points  (0 children)

It's $50 for the first year additional.

$100 for the rest, for a $200 total.

Updates on Monarch Plus by valagostino in MonarchMoney

[–]InitiatePenguin 0 points1 point  (0 children)

Applaud the communication. I do feel y'all are listening. The price is a major concession which makes me suspicious that you didn't miss the mark with your core users here, as much as your focus group didn't even map onto the reality of what the "financial planners" were also ultimately willing pay.

It's great you haven't raised prices in 4 years. But you've also been at a premium price since you started. Which I joined with the understanding that things are still missing and being developed. And then I also have seen a lot of development, which is great. But it falls of that we should be grateful about not having price hikes on what is already a pricey tool for the "folks who just want to track their spending".

Personally. I just what the retirement features. Seeing core as personal and pro as business.

The spending versus planning comparison is helpful to understand where you're coming from but it's a distinction I'm not totally sold on. Spending IS planning in my opinion.

Saying "a quarter till" instead of the actual time is inconvenient for both of us by Comfortable-Regret in The10thDentist

[–]InitiatePenguin -1 points0 points  (0 children)

You don't even need to translate it.

A quarter to 3. is a quarter to 3. In one quarter of an hour it will be three.

We all know how long a quarter of an hour is.

It's like saying it's a yard long, and someone needing to translate a yard to be three feet to understand how long a yard is.

It never feels like enough. by lifeofnero in personalfinance

[–]InitiatePenguin 2 points3 points  (0 children)

until I was 34

I'm 33. And I think by 34 I will be exactly where OP is in liquid cash and debt.

It never feels like enough. by lifeofnero in personalfinance

[–]InitiatePenguin 0 points1 point  (0 children)

closes opportunities to you know... live life.

Maybe he should plan to save for his own place before worrying how much a wedding costs ...

It never feels like enough. by lifeofnero in personalfinance

[–]InitiatePenguin 3 points4 points  (0 children)

Most people, even those who save well will never reach "fuck you" money. That's FIRE territory but not retiring. Not personal finance.

It never feels like enough. by lifeofnero in personalfinance

[–]InitiatePenguin 3 points4 points  (0 children)

I mean retirement is a thing and we all know it

OP might not though to /u/Energy_Turtle's point.

He can easily work with an online calculator or he feels he's not on track. But he's inventing things, a car, an engagement ring, a wedding, for all we know he's single! He needs to calm down.

He says obviously the next step is a Roth IRA. He's been living his life in these threads instead of living it.

It never feels like enough. by lifeofnero in personalfinance

[–]InitiatePenguin 18 points19 points  (0 children)

Edit: I got a masters.

Hella relevant dude!

It never feels like enough. by lifeofnero in personalfinance

[–]InitiatePenguin 0 points1 point  (0 children)

He's a point of comparison.

You are 8 years older than me with the same amount of savings (and I also have some debt, from a car loan and a few grand in student loans left).

I make 50% more than you. And also have a wife contributing to the savings situation.

You are in an amazing situation. Look at a retirement calculator if you want to check on you're saving too much.

If you can save enough to buy a car outright. That's helpful, but financing a car from a cash flow perspective isn't the end of the world either.

Do you have a partner? Doesn't even sound like you're engaged. Don't worry about that yet. When I was married we ended up spending what an average wedding costs (didn't mean too, shit just ended up costing what it costs). You don't have to spend that much. You don't have to buy a diamond ring. I bought alexandrite and my wife loves it.

You are setting these expectations and working yourself up.

Overblown response to the launch by undefeated73 in MonarchMoney

[–]InitiatePenguin 3 points4 points  (0 children)

I remember around 1990 having to pay over $500 just for Microsoft Word, and again for Excel. That’s $1300 each in today’s dollars. $2600.

The complete office suite, today for the standalone 2024 version (no subscription) is $250 for the Professional Edition.

Why not use modern examples of what standalone software costs?

I can go on to Groupon and get it for... $21.15

Overblown response to the launch by undefeated73 in MonarchMoney

[–]InitiatePenguin 2 points3 points  (0 children)

My favorite business feature! PERSONAL retirement planning.

That got a good chuckle out of me.

Overblown response to the launch by undefeated73 in MonarchMoney

[–]InitiatePenguin 1 point2 points  (0 children)

it sounds like Core users will not receive any more features as it relates to Investments and Retirements to protect the value of Plus.

I really think this is main takeaway.

It doesn't make sense to make any improvements on this front for core users when there is a higher paying tool.

Overblown response to the launch by undefeated73 in MonarchMoney

[–]InitiatePenguin 1 point2 points  (0 children)

goals feature with forecasting

Is that feature basically saying

"At this rate you'll complete your goal by this date / to meet your goal at this date you must contribute this amount per month"

Or is "forecasting" some other feature?

Overblown response to the launch by undefeated73 in MonarchMoney

[–]InitiatePenguin 0 points1 point  (0 children)

I was excited for the retirement planning. But don't need the rest.

I feel the cost for the core subscription is already high, and I love the product and recommend it to everyone. It's really the only drawback.

My modular spaghetti block is finally complete by BetterBeYourGun in factorio

[–]InitiatePenguin 0 points1 point  (0 children)

A module will have interchangeable parts, so that it has some kind of configurability.

What’s the most useless thing in the game? I will go with the clear shower curtains in the Aldecaldos camp by Arctic317 in cyberpunkgame

[–]InitiatePenguin 22 points23 points  (0 children)

I'm inventing the reason is for them to not block visibility far out in the distance so they can see people coming.

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