GoodBudget Beginner's TUTORIAL and Review! // How to Input Your Income, Expenses, and Transactions

In this video, we go through a beginner’s guide to setting up a budget in GoodBudget. In it, we go through budgeting out expenses, creating and tracking transactions, adding accounts like for credit cards and loans, adjusting income and filled envelopes, as well as the reports provided by the app. This video really is part tutorial, part review.

One of the things I really like about GoodBudget is the fact that it allows you to create a budget that is more customized for you over what other apps may provide. Most apps like EveryDollar, YNAB (You Need a Budget), Mint, and Fudget all allow you to create budgets on a month to month basis. GoodBudget allows you to do it month to month, but also week to week or biweekly if that is a better format for you!

This feature can be a pro and a con in my opinion. I like the power behind that, but it also makes it confusing if you are a new budgeter and you’re trying to figure out how to handle monthly expenses and adjusting those expenses when you use a budget other than a monthly format. But it’s an option and we budgeters like options.

Overall, Goodbudget really is a simple way to create your first budget and track your expenses. It’s not the simplest of the apps I’ve reviewed but it is good, and the most important thing is getting started on budgeting.

I really like breaking down budgeting apps and showing you all what I like and dislike about the different budget tools. So here are some other reviews I’ve done thus far.

Timestamps:
0:00 - Intro
0:30 - Setting Up Expenses and Filling Envelopes
4:41 - Entering Transactions
5:50 - Creating Accounts
6:28 - Adjusting Envelopes
7:19 - Income and Expense Reports
7:35 - Pros and Cons of GoodBudget

#goodbudget #budgeting #budgetingforbeginners

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[RangersTown]

Something about a budget app asking us to use our budget money to use a budget app makes me laugh lol appreciate the walk through! I’ll deff be giving this one a try with my wife

[JoshuaBaldwinOfficial]

WOW!! This is some next-level personal finance advice. I like that the information is a lot more clear and easy to understand than most other creators. Subscribe to this dude!

[BudgetsWithBess]

This is great! It’s another great way that people can have to budget. Even within one community there are so many different ways to do budgeting and an envelope system!

[hannahnaumann]

Im really glad i found this app - exactly what i need. Thanks for going thru the app so i knew exactly what i was getting before getting it!

[disciplinedfx]

Thanks, Caleb, this was insightful and useful for helping me narrow down my choices for selecting a budgeting app tool.

[CreativeCashflow]

Great video man. Never heard of it but it can definitely be useful for me. New sub!

[remmiellis]

Wow, this is a great tool! Something like this to keep you organized and aware of all sources

[WealthBuildersInvest]

Whooo!

Videos are fire, watching now 😎

[sjpnnk]

Thanks for the video. I'm thinking of starting something like this but I'm wondering how to figure out how much to budget for in each category. Is there an app that can figure that out? I hope you understand what i mean.

[daniellemarieclarke]

Super helpful, thank you! How do I delete an old account?

[urvashimishra]

Hi! Thank you for the information. How to use the sweep option?

[DebtFreeDad]

Looks user friendly. Kinda has an everydollar OS. The debt progress is a plus though.

[TheSethcast]

Is there an app like this that uses percentages instead of raw dollar amounts? I make sometimes wildly different amounts depending on various factors but I still want to always give 10% of my income to charity, 10% contributing to emergency fund, etc.

[becci]

Does the app allow you to group expenses, i.e. petrol, insurance, maintenance should all be their own category. Though it would be nice which amounts are spend on transportation over all

[cierraslowsdown]

I thought you chose the twice a month option? It says monthly when you cut to the newest screen after you break down how to do twice a month.

I’m looking for a creator to talk about how to do twice a month with bills that are due separate parts of the month (rent on the first, a separate bill toward the end of the month). How do you fill the envelopes when you’re budgeting and seeing what’s left over each paycheck, not monthly?

[wdeemarwdeemar]

I love chocolate milk too. Get it every weak.

[abhirajsinghdadiyan]

I kinda want this app to do the stuff automatically. I didn’t fully understand how it would do that. If i have to add the transaction myself then why wont i just use an excel

[andBroke]

I dont budget for chocolate milk. I dont need those types of constraints! Haha. I just take from my mortgage envelope. Houses come and go, but chocolate milk is forever!

[mishalalfaisal]

what app reads your sms and puts it in a transaction ?

[hollywoodII]

I am retired I receive income from 3 different places and they are all different. Is there a way to account for that