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Why Being YNAB Broke Is Good

Posted by Melissa Batai on Nov 22nd, 2022 · 0 Comment

I have tried many budgeting software programs over the past twenty years. Initially, I wrote my budget on pen and paper, which worked fine when I was single and for the first year or two of married life. Then, when our finances became more complex, I tried several electronic budgeting programs, but I didn’t find success until I started using YNAB (You Need a Budget). I have used this program for...
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Steps to Flatten the YNAB Learning Curve

Posted by Melissa Batai on Apr 19th, 2022 · 0 Comment

You Need a Budget (YNAB) is my favorite budgeting software. I tried several after I abandoned my paper budgeting system, and YNAB is the one I liked best and have used for more than five years now. However, that’s not to say learning to use it was easy. YNAB is notoriously difficult for newbies to learn how to use. Thankfully, the YNAB team realizes this and continues to make changes so the program...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Why Being YNAB Broke Is Good

Steps to Flatten the YNAB Learning Curve

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Critical Financials’ Basic Personal Finance Rules

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