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Topics - Joel

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1
Feature Requests / Account groupings
« on: February 22, 2017, 09:36:35 AM »
As we have begun saving up money for a house downpayment, I've recently begun chasing bank account sign-up bonuses. I've also been travel hacking with credit cards (most recently the Chase Sapphire Reserves, Chase Sapphire Preferred, and Chase Freedom Unlimited). With all that going on, I've realized I have a lot of accounts!

In YNAB4, I've used the ability to "close" an account as a way to segregate the accounts I'm not currently using. What I've realized is that accomplishes what I want, but what I would really like to do is be able to designate account groupings that can be expanded/collapsed. With YNAB4, I have my checking account and my actively used credit cards open, while all other cards are closed so that they can be grouped together. The closed accounts include my savings account, any credit cards I don't want to use at the moment, and all the bank accounts I have money stashed in to earn sign-up bonuses. However, I would much rather group the accounts into several groups. I've put together an example of how I would group them below. An added benefit would be grouping accounts in a way that the subtotals are meaningful.

For the temporary bank accounts, once they are closed, I will end up moving all of the transactions to my main checking account and deleting the account. I will do something similar for any credit cards that are only opened to earn the sign-up bonus as well. So at the end of the day, I could eventually delete 4 credit cards and 10 temporary bank accounts. But even then, I would be left with 15 accounts...

Would anyone else see a benefit in being able to group accounts how you want in the account sidebar?

Bank Accounts:
- Checking
- Ally Bank Savings
- Cash

Credit Cards:
- Chase Sapphire Reserve DW
- Chase Sapphire Reserve DH
- Chase Sapphire Preferred DH
- Chase Freedom Unlimited DH
- Chase Freedom DH
- Discover DW
- Target
- Amazon

Unused Credit Cards:
- Costco Citi
- Citi 2% DW

Tradeline Credit Cards:
- Citi 2% DH
- Discover DH
- Capital One

Other accounts:
- Nephew's 529
- Prepaid rent

Temporary Bank Accounts:
- HSBC DH
- HSBC DW
- Santander DH
- Santander DW
- Citibank DH
- Citibank DW
- Tech CU DH
- Tech CU DW
- CIT Bank DH
- CIT Bank DW

Off-budget accounts:
- Investments

2
Other financial software / Digit?
« on: January 01, 2017, 12:37:08 PM »
My sister-in-law mentioned improving their finances would be her new year's resolution last night. She also went on to talk about how they were using Digit to find savings. Seems a lot like many of the round the change type solutions from what brief research I just did.

3
Feature Requests / Must have features before switching?
« on: December 05, 2016, 03:11:47 PM »
What are your must-have features that you need before you can switch over to Financier completely?

I know I just included the top 3 features that I need in order to migrate, so please post if there are any additional features that you need and I will add them to the poll!

4
Other / How do you handle cash?
« on: December 02, 2016, 01:09:23 PM »
Do you have a cash account and track all spending within the software?

Or do you consider the cash spent as soon as it leaves your bank account?

I'm curious what others are doing. Personally, I have a hybrid system between me and my wife. I have a cash account for myself that I make sure the balance is up-to-date as a used to have spend cash frequently for work travel. I try to keep between $80-100 in my wallet at all times as you never know when you may need cash. We try to use credit cards for as many purchases as possible. We do not have a cash account for my wife's wallet though. As soon as she withdraws money, we consider it spent. Cash in her wallet gets blown and it's hard enough to get her to enter her transactions on credit cards, so we've both agreed it doesn't make sense for her to have a cash account.

What about everyone else?

5
Feature Requests / Income for <future months>
« on: November 03, 2016, 11:19:48 AM »
First of all, I'm very happy Financier offers the option of Income for this month (Current Month) and Income for next month (Current Month + 1).


Going a step further, it would be fantastic if you could designate income to not be released to the budget until even further. (Current Month + 2, +3, +4, +5,... up to say 12?)


Not sure how easy that is to program, but that is what many users complained about this style of "buffer" in YNAB4. Mostly for users who were paid less frequently than month or those paid late in the month.

6
Off-topic / Genealogy?
« on: November 02, 2016, 02:11:38 PM »
Are any of you into genealogy research?


I've spent far too much time on Ancestry.com and Findagrave.com researching my ancestors in the last 2 years. However, I started at my grandpa's request (during the last 6 months he was alive), as he had a photo album from his mother and didn't know his father's family really at all and knew very little about his mother's family. In short time, I discovered he had 3 half-sisters he was unaware of (all of which had passed but I was able to get in touch with my second cousins. I also discovered who many of the people in his mother's photo album were and that his parents each had around 10-12 siblings. His ancestors all go back to the early revolutionary US days. He was pleased to know that. I had discovered all of this before he passed. Since then I've continued to document matches based on confirmed DNA matches, while documenting as many ancestors (and their descendants) as possible.

7
General Discussion / Goals for getting ahead
« on: November 02, 2016, 02:07:28 PM »
There are several steps I made to transition from struggling paycheck-to-paycheck to living with financial bliss. I'm going to attempt to spell them out here.

My 8 steps:

1. Pay off all high-interest debt (credit cards and loans). Consider paying off all debt (student loans and mortgage) depending on interest rates.
2. Having cash-on-hand before I make any credit card purchases
3. Marking income for next month (buffer)
4. Preparing for rainy day expenses (maintenance for cars and house, insurance deductibles, medical emergencies, technology replacement)
5. Building an emergency fund (3-6 months is preferred)
6. Save up annually to pay insurance in full and avoid monthly payment fees
7. Save for new car replacement in order to pay cash for next new car
8. Contribute the maximum amount possible to available retirement accounts (401k, IRA, and HSA)

8
Investing / Health Savings Accounts (HSA): The Ultimate Retirement Account
« on: November 02, 2016, 01:57:45 PM »
Roll call - Who uses their HSA as the "ultimate retirement account"?
http://www.madfientist.com/ultimate-retirement-account/


The wife and I were discussing our plan to save for our house downpayment. She did not realize we were shoveling 53k per year into our retirement accounts and wants to cut back. She also doesn't like the idea that I want to cash flow medical expenses (will be trying to have a baby in the near future) as opposed to using her HSA. I had to explain why we are doing that and pointed her to the Mad Fientist article as well.

9
General Discussion / Credit Card Rewards Strategies
« on: November 02, 2016, 01:41:45 PM »
What credit card reward strategies do you guys employ?

10
Feature Requests / Check numbers
« on: October 27, 2016, 01:09:34 PM »
Is this also in the works? I remember there being a huge uproar about check numbers with nYNAB. I personally don't use them, so it would be nice if that column was an option that could be hidden on an account-by-account basis.

11
Investing / HSA $6,750 family limit question
« on: October 27, 2016, 11:56:10 AM »
My wife has access to a HDHP w/ HSA.

For just her, the plan costs $0 and they contribute $600 to the account.
For her + me, the plan still costs $0 and they contribute $1,200 to the account.
No children.

With that said, we want to sign up for her + me through her employer, in order to get the extra $600 contribution from her employer.

With that said, my employer does not offer a HDHP w/ HSA. I'm able to get a decent Kaiser HMO medical plan for $24 per year through my employer. If I do not purchase insurance through my employer, my wife's employer charges a $125 per month spousal surcharge.

As a result, my wife has a HDHP w/ HSA for her and me, while I have an HMO covering just me.

Regarding the HSA, are we eligible for contribute $3,350 for my wife? Or $6,750 for the family?

My gut tells me we are probably limited to $3,350 for my wife, but I can't seem to find another saying we can't contribute $6,750.

12
Other / default size for post boxes
« on: October 26, 2016, 02:58:02 PM »

Is there any way to make the default post size larger?

Or could it at least automatically expand when you run out of room? I've found that whenever I quote someone, I can't read anything within the post box.

@Alex

13
Other / How do you pronounce financier?
« on: October 26, 2016, 12:24:41 AM »
And @Alex do you have any reasoning why you chose Financier as the name?

14
Other / forums changing text to very small?
« on: October 25, 2016, 04:22:45 PM »
Has anyone else noticed the forum changing their text to very small for stuff they typed? [size=78%]For example.[/size]


For example, If I type two paragraphs, and then delete the space in between the two paragraphs, the second paragraph becomes incredibly small and unreadable.

15
Feature Requests / Scheduled Transactions?
« on: October 25, 2016, 04:20:18 PM »
This is one of the top three features that I need in order to migrate over from YNAB4. The other two being a mobile app and import/export capabilities.

Would it be possible to get a rough timeline of when we could hope to see scheduled transactions?


A very rough estimate with asterisks that you may very well miss the deadline is perfectly acceptable!  ;D I know many people want to start a new calendar year with a new app, and I was hoping I could make that switch parrot

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