![]() YNAB does not have a separate section to track your goals, they are built into every budget category. This is to help keep track of your net worth, but I use Personal Capital and Mint to track my investments and net worth, as they give a MUCH better picture on how I am tracking toward retirement. YNAB also gives you the option of adding accounts for “Tracking” purposes only, like investment accounts or a mortgage. You can choose from “Linked” or “Unlinked”, but if you’re paying for this app, I don’t see why you would bother not linking your accounts. Once your budget is set up, you can do most everything through the YNAB App (I don’t use the desktop for months at a time, the app is really THAT powerful). You can set your budget up on the Mobile App, but I find it far easier (and quicker) to do this on the desktop currently. YNAB does NOT allow you to budget money that you don’t have, and is a “Zero-Based” budgeting system that is built to assign every dollar to a category. ![]() It is a VERY well organize budgeting system, that works the way your money works in REAL LIFE. Here’s an overview of the features and how they all work together. It is the budgeting system that most closely mirrors how your transactions and money ACTUALLY work in real life. YNAB is a robust budgeting software, and allows you to customize almost anything you want. They built this feature into the software, and you can see your current “Age of Money” in the upper right corner of the web app (or “Reports” section of the mobile app). TIME., as the first taste of Financial Freedom comes when you no longer live Paycheck to Paycheck, and can get ahead of your money! This concept seems a bit abstract, but it simply means you want to live on last month’s money. Here’s the bottom line: No budget is perfect, you can’t predict the future, so roll with it, adjust, and move on! Rule #4 – Age Your Money We’ll cover this in more detail later, but YNAB makes this SUPER simple, simply allowing you move money from one budget to another. When you overspend in any category, you can simply adjust your budget, and grab the funds from somewhere else in the budget. This is where I find YNAB is the MOST useful. You can read more about how I fund Savings Buckets HERE Rule # 3 – Roll With The Punches When the expense arrives, simply pay for it (the money is already there).Pick an irregular expense (like Christmas) and figure out how much you need monthly to save for it.Things like Christmas, Vacations, Car Maintenance and other non-monthly expenses can be real budget busters, but if you save for them ahead of time, the money is always there when you need it. This rule is the idea of budgeting ahead for infrequent expenses. ![]() This is what it means to create a “Zero-Based Budget”, since your “To Be Budgeted” amount should equal ZERO after giving all dollars a job.Īnd speaking of Savings Buckets… Rule # 2 – Embrace Your True Expenses The rest goes toward your Savings Buckets and Goals. Most of this will be toward your expenses (bills, spending, debt, etc.). YNAB is designed to follow the Four Rules Of Budgeting Rule # 1 – Give Every Dollar A Job And it is built on the principle of “living on last month’s income”, which is exactly what I teach others to do in my Personal Finance 101 Guide. It requires you to ONLY budget money you actually have, and to give every dollar a job. #YNAB BUDGETING SAME AMOUT EVERY MOTH SOFTWARE#YNAB is a zero-based budgeting software that gives you (almost) complete control of your budget, and is probably my favorite budgeting software on the market today. It grew quickly, and based on their 4 Rules of Budgeting, has helped thousands and thousands of people take back control of their money. After 3 years, he partnered with a developer and created the first stand-alone software version of YNAB. YNAB is the brain-child of Jesse Mecham, a spreadsheet nerd (like myself) who built his budgeting spreadsheet in 2003, and started selling it.
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