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- #YNAB BUDGETING HOW TO VIDEO FOR FREE#
- #YNAB BUDGETING HOW TO VIDEO SOFTWARE#
- #YNAB BUDGETING HOW TO VIDEO TRIAL#
Getting aheadĪnother key concept in YNAB is to be able to pay today’s bills with last months money. If you are able to fund all your monthly bills and have money left over then “Congratulations” you can now start fund the other categories in the same manner. If you still don’t have enough money then you are probably living above your means and you should seriously look at eliminating unnecessary bills from your life and / or increasing your income. In this case fully fund all your bills up to your next payday. If you run out of money to be budgeted before you can fully fund the entire month, that’s ok, so long as you are expecting another payday before they are due. Then to the next bill, then the next, and so forth. Then to the Digitalocean, a bill due today. So I will first assign dollars to the Comcast bill which was due yesterday. Fund your categories starting with the highest priority based on when is it due.Įxample: Today is the 5th, I’ve already paid the bills due on the 1st but not the 4th or the 5th yet. Which categories should you fund first? Especially if you currently don’t have enough money to fund them all. You should see a large green box at the top center of the screen labeled “To be Budgeted” This is the money that currently have no purpose, they are poor lost dollar bills that need something to do. If you are not already on the Budget screen then click on “Budget” near the top left of the screen. Give your money jobs to do.Ī key concept in YNAB is that for every dollar that you receive, you assign it a job to do. Make some category groups and categories that make sense for the way you live your life. These categories are longer term cats regarding vehicles I name them with a dollar amount that I would like them to be funded to
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These are categories that I need to fund for basic day to day life To sort just click on the category name and drag it into position. I then sort them based on the date that they need to be paid. I name them by account name then amount needed then the date by which it’s needed. These are categories that are relatively fixed and are regularly paid each month. Categories in the Priority 1 category group MUST be funded at all times. I prefixed my category groups them with a number, this is for prioritization, the lower the number, the higher the priority. You can set up your category groups however you want to, I encourage you to experiment and find what works best for you. I watched a wonderful video by Nick True entitled YNAB For Beginners – Quick Start Guide (2018) It was this video which really allowed me to realize the power of YNAB I personally didn’t find these very applicable to me as well I was a bit confused as to how to work with them. Setup your categories and category groupsīy default YNAB has example category groups and categories already made for you. I don’t do this but I can see how it could be useful for some people. I just took my available balance and entered it as my starting balance for my budget, and that was the starting point for me. You may if want to but it’s not necessary. You don’t need to enter all the transaction data from your bank statement.
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Add your bank account as an “Unlinked” account. I did this in the beginning and got crazy confused. Linking allows YNAB to pull data automatically and directly into your budget. While you are learning to use YNAB I recommend that you do NOT “Link” your bank account. When you make a mistake relax, YNAB makes it easy to correct errors and make changes. Important thing to remember It’s ok to make a mistake.
#YNAB BUDGETING HOW TO VIDEO FOR FREE#
If you’re a student this link let you sign up for free YouNeedABudget/College This link is a referral link, if you sign up using this link then I get 1 month of YNAB for free YouNeedABudget – Thank you!
#YNAB BUDGETING HOW TO VIDEO TRIAL#
YNAB is $11.99 per month or $84 per year and has a free 34 day trial plan.
#YNAB BUDGETING HOW TO VIDEO SOFTWARE#
In this tutorial I will be following up on the Libresults Podcast Episode 2 – The Importance of Budgeting and showing how I personally use the budgeting software “You Need a Budget” or YNAB for short.įirst things first, you will need to sign up for YNAB.