The police officer, school teacher, engineer, firefighter, attorney, doctor, professor, designer, manager and rocket scientist all have one thing in common: they’re killing it financially with YNAB.
I am a self-employed television editor (i.e.freelance) and we live in a fairly high cost-of-living area--Orange County, California. We have six children, four of whom still live at home.
We've used YNAB coming up on four years, I think. Prior to YNAB our budget consisted of me looking at the account balance of our checking account and making the call about whether or not we should buy something . . . not too scientific, huh? My poor wife really had no idea of how good--or how bad--we were doing. This made her, understandably, uneasy and it also made her feel more like one of the kids rather than a financial partner with me.
Our turning point was when she finally related to me how uneasy she was about our finances . . . she really didn't know how we were doing. She felt no freedom to spend on herself--a new dress or something--because she knew if she asked me, I would always say "Yes." The problem was that my "Yes" didn't mean we had the money per se; it just meant that I loved her and didn't want to say no.
Since it's really basic math, YNAB was pretty easy to learn. The early version was just an Excel spreadsheet, so that was not hard. Just the same, the new version running under Adobe Air is way, way more helpful. The most basic change that happens right away is that you can relax knowing that you are living square in reality. Your money is not about feelings and hopes anymore . . . it's "Just the facts, ma'am"
We love YNAB! Thanks to budgeting, we have put well over $10,000 into savings...no kidding! We never would have been able to save that money if it had not been for YNAB. Also, we manage my elderly parents' finances, and having the category-split option available is wonderful.
We are YNAB evangelists with our friends! We love to tell people that we have saved so much money with the program, and to give them hope that it's a doable thing. The other thing that we love is getting up each Saturday morning and working through receipts and expenses. It has made us partners in the financial journey. Being in control of your finances is good practice for learning to control your time, too.
You can relax knowing that you are living square in reality