![]() You’ll be more confident in your financial life, have a better handle on your cash flow. The end result, however, is well worth it. ![]() ![]() Final Thoughts on You Need a Budget YNABīe patient with yourself it’s a process. Estimate from old bills, bank statements, or your best recollection of how much you spend per month on each area.Ĭhances are, for the first several months you will need to make a lot of adjustments to cover the gap between what you think you spend and what you actually spend. When you first start using YNAB (or any other budgeting tool), you’ll need to be a little bit forgiving with yourself. When we first started budgeting, I really thought we only spent a few hundred per month on groceries! Turns out, it’s closer to $1000 (we are working on this!) It’s eye-opening to see exactly how much we spend on groceries, for example. It lets me track each of our monthly expenses so that I understand exactly where all of our money is going. I don’t know what I ever did before using YNAB, but this tool is amazing. This cushion can be a huge stress-reliever and allow you to roll with the punches when life happens. Eventually, you’ll “age your money” so that you have at least a month’s worth of expenses covered in advance. That is, once you get your budget under control and spend less than you make, you begin to have a little left over each month.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |