This might seem to be an unusual period, but it is logical. New users are offered a free trial period of 34 days. (Don’t forget to allocate this expense in your budget.) You can cancel at any time, but YNAB hopes that you will find their platform so useful that you will be happy to pay the fees. Clearly, the annual fee offers a considerable saving. You can pay $11.99 monthly or $84,00 annually.

This will probably take some time to achieve. The savings you make with careful budgeting will help you to achieve this, and, hopefully, you will be in surplus when your next paycheck arrives. Your objective is to reach a position where you are using money that is 30 days old. Move funds from one category to another that you’ve overspent. Your financial circumstances will change, and so will your plans. If you do, these bills don’t come as such a shock. You should get into the habit of allocating a sum each month to meet these expenses. But when the mechanic gives you a bill, it can come as a shock.

You probably don’t spend a fixed sum every month on, for example, auto maintenance. This gives you control over all your money. You should allocate every dollar you have to a budget category. YNAB sums up its philosophy in four rules: Give Every Dollar a Job Your budget allocations will quickly become more reliable as you gain experience. This happens as you get used to the idea of budgeting. When you first start using YNAB, you will probably find that you have to shuffle money from one budget category to another. If, say, it is the middle of the month, and your budget for groceries shows a balance of $50.00, you should not buy foie gras and a bottle of good French wine for dinner. Your task is to monitor your budget and to stick to it. The philosophy behind YNAB is that your budget is much more important than your account balance or the money you have hidden under the mattress. The company’s goal is to teach you how to budget and, even more importantly, to stick to your budget. Getting Started With You Need a Budget (YNAB) There are several platforms for budgeting software available that you can use to help you with your budgeting, but we will look at two well-known ones: YNAB vs Mint. Some people can do the mental math and manual calculations just fine, but there are now websites that help you manage your money. But as we know, one unusually large or unexpected bill or last-minute spending on an impromptu shopping spree can throw our calculations out the window. Not so long ago, most people worked out their household budget in their head or, if they were careful planners, with a pencil and a piece of paper. Jump to: –> Getting started with You Need A Budget (YNAB) –> YNAB costs –> How to open an account with YNAB –> Getting started with Mint –> Which is better, YNAB or Mint? –> Conclusion

Ynab budgeting future