diff --git a/CHANGES.rst b/CHANGES.rst
index 50c1f69c..aa5317c7 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,7 +1,7 @@
 Changelog
 =========
 
-Unreleased Changes
+0.5.0 (2017-10-28)
 ------------------
 
 **This release includes database migrations.**
diff --git a/biweeklybudget/version.py b/biweeklybudget/version.py
index 2cd8b791..140a1b39 100644
--- a/biweeklybudget/version.py
+++ b/biweeklybudget/version.py
@@ -35,5 +35,5 @@
 ################################################################################
 """
 
-VERSION = '0.4.0'
+VERSION = '0.5.0'
 PROJECT_URL = 'https://github.com/jantman/biweeklybudget'