4/7/2023 0 Comments You need a budget comYou can click each category to drill down further and eventually see the individual transactions. It’s a pie chart that shows spending by category and sub-category. The spending report is actually pretty helpful. There are currently three major reports: Spending, Net Worth, and Income vs. YNAB has extremely limited reporting features. This is probably the thing I’m personally most frustrated with. I always like to start with the downsides because it’s the most honest way to write a solid review. Although I’m a huge fan of the software, it has flaws that you should know about. I want you to understand that YNAB isn’t perfect and definitely has some major drawbacks. Features I specifically looked for and reasons I chose YNAB.If you want to have a PDF version that you can refer back to, just click the button below. I’ve put together a PDF of the entire article with references for more YNAB resources. I don’t expect you to read the entire article in one sitting. Lastly, this review is over 9,000 words long. Use the Table of Contents to find the specific sections that will meet your needs. I include a guide for getting started, pitfalls people face with the software, the YNAB philosophy, and a specific checklist for why you shouldn’t use YNAB. This review guide is extremely long and you should use the Table of Contents below to navigate to specific sections. I’ve included the facts about specific features and my own opinions about why you should or shouldn’t use YNAB. In order to try and keep this review as unbiased as possible, I’ve included a review of all the major negative aspects of using YNAB. I cover both the pros and cons and make it very clear that YNAB isn’t for everyone. I’ve been a happy customer for almost a year now and really believe in the product. YNAB doesn’t pay me anything review their product or recommend it. I want you to know that I don’t make a single dime from this article. Discouraged because managing your money just isn’t working.Ticked off at software that won’t do what you need. ![]() Frustrated by trying to make a budget work.In this guide, you’ll learn everything you need to know about YNAB, whether or not it’s right for you, how to set it up, and common pitfalls people face when starting YNAB. Plus, keeping an eye on the Credit Card Payment category can help you ensure you’re on track for your next payment - whether that’s paying off in full, a minimum payment, or somewhere in between.This is the most comprehensive review of You Need A Budget (YNAB) you’ll find on the web. ![]() Hiding the category doesn’t stop it from behaving in the way described here, so keeping it visible will allow you to stay in control. It’s really important to keep the Credit Card Payment category visible in your budget, rather than hidden. Waiting toĭid You Hide Your Credit Card Payment Category? Now, your money sits there in the Credit Card Payment category. When you do this, the money to cover the gum purchase will move When you use your credit card to buy gum, enter a spending transaction in your credit card account. It'll get used in step three below.īudget for your gum (using money you already have!) by assigning money to your Groceries category. When you add a credit card to YNAB, a Credit Card Payment category is automatically created. ![]() The important thing is that you reserve the money to pay off that debt, and that is what your YNAB budget is designed to do. Here's how to get it done, using that gum (yes, silly) as an example: Did you buy that shirt or a $0.35 pack of gum? Debt. When you spend money on a credit card, you create a little bit of debt. That has nothing to do with payment method, but it's your rock, your anchor. Is there enough money in your clothing category for the shirt you want? Great. In your YNAB budget, you'll make spending decisions based on your categories. The most important thing about using credit cards in your budget has nothing to do with credit cards.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |