Software or an app to keep track of expenditures and divide them into categories?

Expense Management Forum
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I’ve been searching for payment splitting options for ynab, simplifi, monarch, and other services online, but I haven’t found any. I spend $200 at Target, for instance, but I would like to utilize $100 for household expenses, $50 for food, and $50 for fun. Is there a program specifically designed for tracking expenses?

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For tracking and categorizing expenses, try apps like YNAB, Mint, PocketGuard, or EveryDollar. They let you split transactions into different categories, so you can easily manage your budget. For example, you can allocate $100 to household, $50 to food, and $50 to fun from a $200 Target purchase.

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Many budgeting programs lack built-in features for quickly splitting transactions into multiple categories. However, there are a few alternatives to consider:

  1. Manually “split” transactions in your budgeting program to distribute them to multiple categories.
  2. Use a supplementary spreadsheet or note-taking tool to keep track of the sub-categories, and then refer to them when entering transactions.
  3. Investigate specific “splitting” tools that work with your budgeting software.
  4. Create a personalized budgeting tool with customizable transaction splitting options.

The appropriate technique is determined by your needs, present tools, and level of comfort. Test out a few strategies to find the best option for your specific budgetary needs.

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