I am a married father of four children. My wife currently is not employed outside of the home. We have to track our spending and budget what we use. We do it out of necessity. If we don’t, we end up with a deficit at the end of the month. We are not lavish spenders, we have a modest home, a mini van and a commuter car. But, it still feels like money goes quicker than we can make it.
What are my options for a Free Online Family Budget?
I have tried several of the budget app and online website options. I started with Mint.com, but became quickly disillusioned, as they wanted me to link my bank account with the app. Call me paranoid, but I didn’t feel comfortable sharing my bank username and password with an app. It’s not like I have a lot of money to steal, I just wasn’t ready to make this invasive move.
I found an alternative in Goodbudget and similar spending tracking apps. I think they are fine. But they charge a monthly fee, and I have to manually reset my budget at the end of every month.
My wife and I decided that we could design our own free spending tracker app
I’m not a software engineer. I don’t know code. But, we designed on paper what seemed to be a simple, free, easy to use and intuitive software product. We took some of the guess work and options out of the app, which may limit the market, but it makes it enticing to those like me that like to start my budget fresh at the beginning of each month.
Here are some of the functions of I Spent Money:
1). A time stamp at the bottom of the app countdowns to the end of the month. At the end of the month, the budget automatically restarts.
2). You can edit your monthly budget at anytime. You can add and delete categories and set your spending limits per category.
3). Your spending is tracked with the “spending history” and you can revisit all of the months you have used your app, to see which spending categories you have gone over or saved with.
4). You can invite your spouse or partner or children to your budget so that you can all use the one budget together. When one person spends money, every member of the budget receives an email detailing how much they spent and in which category.