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YNAB Update

September 19th, 2015 at 11:26 am

We are moving along with YNAB. My husband has now downloaded it to his phone, but still needs to sign in. I paid all the bills, but we have cash left to budget for the rest of the month. I actually cleared the budget for the first half of the month. It did help me in paying bills yesterday. I knew exactly what amount to pay on the credit cards we used. However, my budget amounts were completely arbitrary. I do understand how to adjust them though, so that will get better.

My big question, which probably sounds strange. Is YNAB your only way of tracking your money? Is it truly like your check register? I'm having a really hard time letting go of the check register and excel sheets I use, but yet I can see if I can move everything over I would probably like it really well.

We are still on the trial portion for the next 14 days. I'm pretty sure we are committed to pay for it when the trial ends. My husband definitely sees that using the mobile app to input transactions will be really easy and helpful.

I want to carve out some more time to take some more classes. It would be even better if we could take the classes together.

4 Responses to “YNAB Update”

  1. Livingalmostlarge Says:

    We do the budget using mint. I can see what I'm spending on the CC and cash flows through the hands. But truthfully we use less than $100/month cash.

    Honestly we aren't spenders so we don't have a lot of transactions to track. I find it easier to look quickly at mint and see how we are doing. I hate the idea of breaking down every receipt for different categories.

    For us we just decide on a lump sum say $4k a month including rent, utilities and that's it. Then we spend backwards and what we have is what we have. If we don't have it we don't spend it. Usually the number depends on how much we want to save. What I found interesting is that by buckling down and picking a semi-tight number we manage to hit all savings goals because we always backwards budget.

  2. starfishy Says:

    CCF - at the moment, YNAB is the only way that i track my money, mainly because i never tracked it before! I had money in checking and would just spend it as i went along, but didn't manage or budget it. I can understand why it might be hard to let go of an old system. Maybe you could do both for awhile (although they might be too much work!)? if you do eventually decide to buy YNAB, i have a referral link that will give you a $6 discount ($54 total price) if you want to use it. http://ynab.refr.cc/X4CF4XD good luck! Smile

  3. creditcardfree Says:

    Thanks for the reply starfishy! My husband is telling me that yes, keeping my current system with YNAB is more work, which is true. Just hard to let go. I think the more I use it the better it will. I will try to remember to use your referral at the end of the month!

  4. FrugalTexan75 Says:

    Yes, YNAB is the only way I track my money. It is my check register and the way I can compare credit card charges to make sure nothing fishy is going on. Glad you are getting more used to it!

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