Think about the classic household accounts ledger on paper.
Throughout the month you pencil in your expenses in detail. At the end of the month you add them up, sort through them to figure what category (or the envelopes many like to use) went over or under budget. Doing such a hand-written ledger together as a couple or family gives you one not so obvious advantage: it’s hand-written. You can tell who spend what.
When I started my budgeting/accounting on the computer I did them just for myself but with a family now I have to think beyond my own scope. Putting this feature into code for Budget Fox was surprisingly simple and still, a lot of similar software does miss this great feature. You might be able to use small hacks like sharing an excel file with a person column or adding your initials to entries in less flexible software, but that’s unlikely to give you extra power when you want to create a report.
With Budget Fox you can invite your spouse, kids or even your accountant and let them access your ledger. We are still working to give this feature a lot more meaning but it is already very useful.
Published at 2018-08-02 — Thomas