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Procrastinating on YNAB

September 3rd, 2015 at 10:49 am

I'm procrastinating using YNAB. I know I can probably catch back up since we aren't too far into September. My husband did get paid so that is easy. I have already set up my normal way of paying bills. Thus it doesn't seem necessary. It feel like MORE work to use YNAB.

I still want to try. I'm just being honest. I'm procrastinating getting it done. Maybe this weekend? I'll let you know.

I do have one question. We make our Roth IRA investments out of our net paycheck received on the 15th of the month. Do I include these contributions as an expense? Or should I deducted them from income before I input that amount?

For those of you that use YNAB, what do you like most about using it?

8 Responses to “Procrastinating on YNAB”

  1. starfishy Says:

    it seems like you've always done a great job managing your money, so YNAB may not be necessary for you or serve your needs. hopefully you are taking advantage of the free trial period and have not forked over the $60 yet! i think you can go either way with the Roth contribution - depends on what accounts and/or expenses you decide to track in YNAB. so far i like YNAB because i've never been able to track expenses or figure out a budget using a general excel spreadsheet. YNAB has been a way for me to really see, track and understand the inflow and outflow of my money, so it's been a great tool. plus i love how it does all the work for me! Smile i hope that i can stick with it.

  2. PauletteGoddard Says:

    I considered returning to YNAB when restarting my finances. I have to say their support is unsurpassed, and the licensing terms more than fair. Instead I bought a home budget book that I fill categories in with a pencil. I can use it no matter what operating system I run on the laptop and even take it with me. I feel like I should be doing macrame, experimenting with fondue and reading Erma Bombeck now...

  3. creditcardfree Says:

    @starfishy, I do have the free trial. If I don't get into it before the time is up, well then I'm not buying it.

    My old habits are hard to break. They are also hard for my husband to understand! This is to help us work together. I guess he is procrastinating to as neither one of us have worked on it much.

  4. FrugalTexan75 Says:

    Generally speaking if the money comes out of your check before you see it, I wouldn't put it into YNAB - at least not the on budget portion.

    I do track all my different retirement accounts as off-budget and update them once a month. I contribute to my ROTH out of my paycheck - so I have a budget category for it and then when it goes out of my account, I do a transfer from checking (on budget) to my ROTH account (off-budget.)

  5. creditcardfree Says:

    I'm referring to contributions we make after paycheck is received.

  6. Buendia Says:

    I have our Roth contributions listed as an expense... I make everything reflect reality as much as possible, so I don't deduct from the paycheck; I enter the paycheck as it's received.

    I am a huge fan of YNAB partly because I love that I can see it on my phone when I'm out making a purchase. So I know what is/isn't in my categories, but more than that, it makes me pause before I buy something (even a muffin!).

  7. FrugalTexan75 Says:

    Ah, sorry, I misunderstood. Then I would just make the ROTH a category in the budget and an off budget account. Then when you send the money to your ROTH, just subtract it from wherever the money is coming from and it'll come out of the ROTH category. (showing as spent) That's how I do it at least. Smile

  8. FrugalTexan75 Says:

    BTW - I think we aren't getting notifications again ...

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