I think it’s funny how many of us are not beginners, but enjoy your videos and are happily watching anyway. I was so happy to see this notification pop up!
Yes! I overlooked YNAB years ago, and chose Mint. I would have preferred YNAB. Now using it and I love it. And thanks to Nick's videos, I'm slowly becoming an expert. I love watching your videos, please do an update for 2024!❤ Getting my girlfriend, also a former Mint user, to use YNAB and to watch your videos.
You probably don’t remember me. I came to you in 2019 desperate with huge amounts of debt (£38k). I’m happy to report that I will be debt free in 2023 :)
I started using YNAB in Oct 21 and being a type A personality tried to account for EVERYTHING so that I became overwhelmed and once the extra spending of Xmas began I just gave it all up and stopped tracking completely. Now come Feb 22, I have plucked up the courage to start again and with a new budget and watching your videos and following your check lists I feel back in control that I can do this. Hearing you say -'keep it simple till you get more familiar with the software' has stopped me overthinking and feeling like it's all too hard.Thanks Nick, your videos are so clear and cover many of my questions.😊
So glad to hear that Maddie! I totally get the over complication, and I'm glad to hear you're going to keep it simple. That will help more than you know. Just keep on going :)
This is me too! I think I must’ve had YNAB for 4 yrs now but never really used it. I got so overwhelmed and just decided to throw in the towel. Until somebody from the YNAB community in IG commented that there’s You Tube resources for beginners so here I am again. Wish me luck!
@@arlenesantiago2376 I have started over so many times including this time. I am going step by step with creating this new budget. I love that Nick came back with this updated video. It has made a significant difference with the way I am setting it up. The key for me is taking my time and not jumping ahead. HOWEVER long it takes, it takes. LOL
Nick, I cannot thank you enough for this video. I am a financial coach who has consistently channeled my clients toward a different budgeting tool. Last week one of my new clients insisted on using YNAB. Ugh! I have looked at YNAB for days trying to figure it out and got nothing but stress over it all because I found it cumbersome and not at all easy to understand. I found your video today and you make YNAB clear and understandable for me. Thank you! I feel like I can at least have a semi-knowledgable conversation with my client this week because of this video. Definitely will be checking out your other YNAB videos.
Wow, I just started YNAB yesterday afternoon and it's quite a massive, complex program (to me, anyway). However, I figure if I put the time and effort in to master it, I should reap the benefits. So glad there is an abundance of helpful information available. Every time I rewatch a video, I discover a new tidbit.Thanks to all the presenters for their efforts to lead us newbies through the underbrush so we can eventually breathe the fresh air above of financial self control.
This video just changed my whole entire thought process for how I do money. Thank you sir, as you most likely just changed my life. I've been paycheck to paycheck, in debt, all the above, and finally everything is starting to make more sense.
You’ve been the mentor to many old-YNAB’er; me included 🙋🏻♀️ (but I starred watching you for travel stuff 3 years prior to diving into YNAB; I actually used another Australian budgeting application tool at that time). So glad you planted that seed for me so that, when I had outgrown my budgeting app in March 2020 (just prior to early retiring) I remembered your old YNAB recommendations and demos. Thank you. 🙏🏻 Ps - I like the simple approach to the inactive category in this updated start guide. One click for hiding and unhinding when viewing reports; no need for them to hold their prior category heading. Solid simplification. 👍🏼 I’ll be stealing that one 😉
Great video! Thank you for taking the time to put it together. Even as an experienced YNABer I was sitting here with my budget open implementing some of your tips. I loved your explanation of how YNAB handles credit card transactions, very well presented. One reason I prefer to keep a savings account is to maintain a level of fraud protection. The majority of our annual insurance premiums (home, car, & life) occur in December/January right along with spending for Christmas and school tuition for the spring semester. Having these funds build up in checking bares some level of risk (albeit fairly low), so I've opted to keep excess funds in a separate savings account. Keep up the great work!
Thanks Ryan! Appreciate you saying all of that and glad you found the video helpful. I totally understand your desire for the savings account. That makes a ton of sense and if it's working for you, then it's good to go!
Great video. New YNABer starting a month ago (but long-time electronic enveloper user). I wanting to make sure I get all of the basics. Note to anyone watching in 2024 and beyond: Targets have changed a bit, so this video has old info. The concepts are still the same, but the names and options have changed.
So excited to see an updated video! I have watched and rewatched the older YNAB videos when I have a question or am thinking through how I want to track something. Not a new user, but always good to hear the basics again!
I spent my Saturday watching your video and creating my budget. I had this app some time ago and deleted it bc it was wildly confusing. You did such an amazing job breaking it down and giving your own tips!!! I can see my money in a way I never have before. Thank you x10! 😆
YOU ARE A GIFT! Thank you so much for helping me transition from the paper envelope system to YNAB. I watched and paused your video a zillion times as I set up my YNAB system and I am so thankful and grateful to you for this amazing step-by-step guide. I would never have been able to get such a solid start from the get-go without you. I can't wait to watch your other videos!
Mint migrator here, and this is by FAR the best resource I have found to wrapping my head around this. This is exactly how I want to manage and treat my money, so thank you so much!
Wow, I have started and quit ynab staying with mint so many times. This is the best help I’ve seen on ynab. Using this video to start again. Thanks for this vid.
Started 4 years ago and setup my budget with your first video. Now I saw your new video and even as a YNAB veteran I could learn some new stuff and tweak a little bit here and there. Really appreciate your work! Many many thanks!
This video was so helpful! I’ve used YNAB for several years but have never really maximized its budgeting benefits. I’m inspired by your clear, concise checklists to start this Jan. 2022 with a new budget.
Thank you so much! I liked YNAB but the amount of times I had to restart my budget because I didn’t know what the heck was going on… After watching this video I finally understand how to use this tool and I’m flying with it. I really appreciate you taking the time to make (and update) this content
Nick, I am a financial coach and use YNAB personally and with my clients. Your videos are my go to for an intro to YNAB. Thank you so much for sharing your expertise!!
Your teaching style and thorough description of setting up a basic budget is EXACTLY what I needed to use this software correctly. I've used YNAB for almost 10 years now to balance my checking account, but have NEVER used budgeting. That is until I discovered this video. Wish me luck! THANK YOU!
I’ve been watching you for years and I fell off the YNAB boat but I’m getting back on…and YOU are the first person I thought to look for to get me back into the swing of things. Just wanted to share my appreciation for you and your videos. Continue to inspire others like you do me, homie. And AMAZING UPDATE! Just in time for me haha. Mahalo 🤙🏽
Love this video, thank you. I was overwhelmed because I am living paycheck to paycheck with family. So I needed to see where eery dollar is going. This was not at all hard to do. I have over $4,000 in credit card debt + loans. But I feel clarity now then I did before. I feel empowered and like I can turn things around for myself.
I am new to your channel but have been using YNAB since 2018. My accounts are way off (from your other video) now I know why. Now, I am in a "binge" to be ready to "make a fresh start" but I also want to cry at making a fresh start.... But I appreciate you so much!!
Thank you so much for this informative video. I am about two years from retiring and really wanted to get a handle on eliminating my (dumb) debt and your tutorial was excellent in giving me a great restart to using YNAB to its fullest. I have tried many times using YNAB, fell away, and came back to it again. Your walk-through is the foundation I needed to see. I watched this at least twice before beginning my restart. Peace.
Incredibly helpful beginner video! I have been working with my YNAB account for a few weeks and really struggling to get started. This video was exactly what I needed and I learned so much! Thank you Nick!
So glad I found this. I was truly ready to give up on YNAB because I always do well with my first paycheck but once the second one comes in I manage to mess it all up. This was so helpful. Thank you so much. Im ready to tackle this again.
Thank you so much. Using YNAB's tutorials left me befuddled. You have cleared up everything (except about reimbursable expenses, but I'm sure if I dig around I'll find that you've covered those elsewhere.) Very appreciative of your knowledge and sharing.
this video was amazing and i strongly recommend it to people who dont really understand money or this software. it starts a lil slow but he really breaks down all the process so you can really understand! 10 out of 10
I’ve been looking for a “good” budgeting system for years. I tried Every Dollar, hated it, was turned to Mint, absolutely hate it lol. When I stared with Mint years ago I didn’t have the money to pay for a budgeting app, plus it didn’t make sense “to me” to pay for something unnecessary when trying to save money lol. But now I’m thinking of this as an investment 🤔 I can stupidly be paycheck to paycheck but I don’t want that anymore. I want to know exactly where I’m at at all times. Once I saw the YNAB community I was sold on this app. This is the first video I came across, I’ll use this to set up everything lol. I’m thinking I’ll wait a bit longer and check some other videos before I actually start my trial. Thank you so much for creating these videos 🥳
Thanks for doing this video. I tried YNAB about a year ago and I gave up because it was overwhelming, and I didn't understand some of the basics in a way that makes sense in my head. Your video helped break it down and simplify the process so I'm going to give it another go.
That was truly an excellent tutorial. I’ve been using YNAB for years, and I’ve learned things from your video. Are you going to be making updated tutorials for a lot of your previous ones?
Thanks! So glad it helped even as a long-time YNAB user. As for updating, At this moment I'm not planning to do updates to videos that are more-or-less the same, but I will likely update the ones where I feel there's a big enough difference in how I teach it now that it warrants a change. Example: I'm releasing a new video about YNAB and savings accounts this week :)
New here, from a Rose Han video. I am in YNAB’s trial month. Thank you for making helpful & modern presentations - calming, smart & understandable for us non-number minds.
@@mappedoutmoney Hmm I watched many of hers but she mentioned YNAB in general. If I recall it, I’ll reply here again. I saw a couple of older YNAB tutorials by other teachers & then found your newer-improved videos. I prefer your style of presentation.
Thanks for the explanation on the difference between "Needed for Spending" and "Monthly Savings Builder". Def went back and changed my targets so I can start building a cushion in my budget.
I watched your first setup video and you replied and advised me to watch this one. Since I'm just getting started, I find this awesome! I'm taking many of your suggestions and tweaking my budget as I go. I'm just a few days into YNAB, but already excited to see how this can help me long term. Thanks for a great video and all the helpful insight!
YNAB seems like great software, but it also seems to be lacking clarity around the intended/ideal use. This video does a fantastic job of clearing that up!
Awesome thank you, i used to use ynab years ago, but due to having to manually import all transacitions in the uk, moved away from it, with uk banks now supported trying it again and your video was a great refresher and explained clearly what i want to achieve without having to read lots of material thank you so much !
Thanks Nick, great video. Been having a lot of financial anxiety over the past few years even though I save a lot. Seems like budgeting was the answer, and my new years resolution was to get organized so this fits in well with the theme!
excellent video! I've decided to give YNAB a try because of your tutorials and ill be sure to use your affiliate link. Definitely had to slow the video down however and pause A LOT due to the extremely fast talking over very detailed information.
Thanks for this video - very helpful. Only question about the targets - is my YNAB doesn't show the targets you have. I think its an upgrade? It now says "Set aside" "refill up to" and "Have a balance of". Do you know what these would correlate to what you discuss in the video?
Wow thank you SO much for this great beginner tutorial! Just got it all set up and you made it so clear and easy. I used to do this all manually in excel. Can't believe I didn't know about YNAB sooner. Thanks. Off to watch all your videos :)
I'm being forced to leave mint and many have suggested YNAB. I have to admit, it's a bit unsettling to have to watch a TH-cam video to figure out how to make this work. Don't get me wrong, Mint had its issues, but it was fairly intuitive and straightforward. I don't think I'm a good fit for YNAB, I really want to love it, but its just not happening. Monarch is next on my list to try.
Do you think you could share your detailed line items for the Value Budget (One Month Ahead, Joy, Family & Relationships, etc.)? I'm trying to get a better idea of what to put in those.
Thanks so much for this video! I just opened a YNAB account and this has been super helpful. One thing I got stuck on immediately though is the setting targets. I was sold on the concept of being able to choose "Needed for spending" or a Monthly Savings Builder.. I thought that was the bomb, but I don't seem to have that option in my account? Has this feature been removed?
Excellent video. Without this I probably wouldn't try YNAB. Now I am setup. Question 1: On day-1 (which is currently the 7th of the month), half of my bills are already paid so I don't need to allocate unspent cash to them, but they have been funded and paid. how do I represent that? Question 2: YNAB won't connect to my checking account at Fidelity Investments (cash management). This means I'll have to manually import. What's more, the CSV format doesn't match so I need to use a translate tool. This is a lot of work to use a paid service. What is the way to ask YNAB to look into connecting to Fidelity Investments? If I can't resolve this I may have to move to Monarch which seems to connect to everything...
Extremely helpful! Mvelopes is dead so I had to switch and EveryDollar won't sync with Amex (annoying and I'm unwilling to get rid of my Skymiles card) so I ended up with YNAB. This and your previous videos really helped me out! So far...I like YNAB and the philosophy behind it.
How do we add bills that are due quarterly? I'd like to put a little back each paycheck so I don't have all of the expenses at once. My water and sewer bills are quarterly.
Total the 4 payments and divide by 12 to get a monthly number. If paid bi-weekly, divide by 26 for the dollar amount to put away each pay. Divide by 24 if paid semi-monthly.
Exactly what Kit said. I use a "monthly savings builder" target for these with the annual expenses divded by 12 to get a monthly amount. This is exactly what I do for my pest control for example that's quarterly.
i’m 18, i just can’t seem to understand the part where you say you should not have a savings account if it’s solely for interest because it’s pointless? can you break that part down for me to help me better understand?
Once you’re done with the month, how do you clear out the credit card funds? Edit: my confusion lies with how you made the transaction of groceries to Sam’s MC. You set an outflow of 100, but this outflow sets a negative value on both end spending category and the credit card. This is hard for me to wrap my head around. In addition, for when you actually pay the credit card, do you see an inflow transaction from the checking account?
Great video! I've been subscribed to YNAB for 6 months but couldn't figure out how to use it. Your video helped A LOT! Two questions: I literally just got started with your video. (1) Why are some of my "available" amounts overfunded? (2) Why does the amount in my savings account not show up as assignable? The balance is cleared and I sure would like to assign that amount to my "savings account" category and watch it grow. Thx
I'm new to YNAB but have been doing a budget for years with EveryDollar. I have now copied my budget in YNAB and really like it but need to know how to track my income. Can I set up Income categories or Inflow categories? I only see "Inflow: Ready to Assign". I have different sources of income (rent, business, jobs, etc.) and want to be able to track what has come in and is still expected. Thank you in advance for your help.
Download The Checklist Here: nick.ck.page/ynab
Timestamps:
0:00 - Intro
0:19 - Two things before starting
1:26 - Creating A Budget
2:00 - Setting Up Accounts
9:19 - Ready To Assign
10:43 - Category Structure
20:53 - Setting Targets
29:31 - Underfunded & Income
31:00 - Different Paycheck Cycles
33:00 - Assigned, Activity, Available Columns
35:30 - Assigning Your Dollars
40:20 - Why you can't assign future dollars
42:40 - Colors in YNAB
43:50 - Daily Routine
48:44 - Credit Cards In YNAB
51:50 - Weekly Routine
53:45 - Monthly Routine
I don't see the routine checklist link anywhere. Can you point me in the right direction?
I never get an email for a download. please help
That link doesn't work -- it just redirects to the website's home page.
@@kevinvanhorn2193 Thanks for the heads up, try this one here: nick.ck.page/ynab
I think it’s funny how many of us are not beginners, but enjoy your videos and are happily watching anyway. I was so happy to see this notification pop up!
Haha thanks Amy! I really appreciate that. So glad you enjoy the videos.
Yes! I overlooked YNAB years ago, and chose Mint. I would have preferred YNAB. Now using it and I love it. And thanks to Nick's videos, I'm slowly becoming an expert. I love watching your videos, please do an update for 2024!❤ Getting my girlfriend, also a former Mint user, to use YNAB and to watch your videos.
You probably don’t remember me. I came to you in 2019 desperate with huge amounts of debt (£38k). I’m happy to report that I will be debt free in 2023 :)
Amazing Freya! I do remember you. And I'm so proud of all that you have accomplished. Thanks for coming back and sharing :)
Great video, Nick! Thanks for helping so many YNABers everywhere! ~BenB
Thanks so much Ben, that means a ton!
I started using YNAB in Oct 21 and being a type A personality tried to account for EVERYTHING so that I became overwhelmed and once the extra spending of Xmas began I just gave it all up and stopped tracking completely. Now come Feb 22, I have plucked up the courage to start again and with a new budget and watching your videos and following your check lists I feel back in control that I can do this. Hearing you say -'keep it simple till you get more familiar with the software' has stopped me overthinking and feeling like it's all too hard.Thanks Nick, your videos are so clear and cover many of my questions.😊
So glad to hear that Maddie! I totally get the over complication, and I'm glad to hear you're going to keep it simple. That will help more than you know. Just keep on going :)
This is me too! I think I must’ve had YNAB for 4 yrs now but never really used it. I got so overwhelmed and just decided to throw in the towel. Until somebody from the YNAB community in IG commented that there’s You Tube resources for beginners so here I am again. Wish me luck!
@@arlenesantiago2376 I have started over so many times including this time. I am going step by step with creating this new budget. I love that Nick came back with this updated video. It has made a significant difference with the way I am setting it up. The key for me is taking my time and not jumping ahead. HOWEVER long it takes, it takes. LOL
@@ConstructiveBookkeeping Baby steps and we can do this 👍
Nick, I cannot thank you enough for this video. I am a financial coach who has consistently channeled my clients toward a different budgeting tool. Last week one of my new clients insisted on using YNAB. Ugh! I have looked at YNAB for days trying to figure it out and got nothing but stress over it all because I found it cumbersome and not at all easy to understand. I found your video today and you make YNAB clear and understandable for me. Thank you! I feel like I can at least have a semi-knowledgable conversation with my client this week because of this video. Definitely will be checking out your other YNAB videos.
Thanks Leah! So glad it was able to help you and your client. I appreciate you taking the time to comment :)
Wow, I just started YNAB yesterday afternoon and it's quite a massive, complex program (to me, anyway). However, I figure if I put the time and effort in to master it, I should reap the benefits. So glad there is an abundance of helpful information available. Every time I rewatch a video, I discover a new tidbit.Thanks to all the presenters for their efforts to lead us newbies through the underbrush so we can eventually breathe the fresh air above of financial self control.
This video just changed my whole entire thought process for how I do money. Thank you sir, as you most likely just changed my life. I've been paycheck to paycheck, in debt, all the above, and finally everything is starting to make more sense.
Thanks Austin. Excited to see you break that cycle!
You’ve been the mentor to many old-YNAB’er; me included 🙋🏻♀️ (but I starred watching you for travel stuff 3 years prior to diving into YNAB; I actually used another Australian budgeting application tool at that time). So glad you planted that seed for me so that, when I had outgrown my budgeting app in March 2020 (just prior to early retiring) I remembered your old YNAB recommendations and demos. Thank you. 🙏🏻
Ps - I like the simple approach to the inactive category in this updated start guide. One click for hiding and unhinding when viewing reports; no need for them to hold their prior category heading. Solid simplification. 👍🏼 I’ll be stealing that one 😉
Hey thanks Annette! Congrats on the retirement. That’s awesome.
And glad that inactive category helped you out!
Great video! Thank you for taking the time to put it together. Even as an experienced YNABer I was sitting here with my budget open implementing some of your tips. I loved your explanation of how YNAB handles credit card transactions, very well presented.
One reason I prefer to keep a savings account is to maintain a level of fraud protection. The majority of our annual insurance premiums (home, car, & life) occur in December/January right along with spending for Christmas and school tuition for the spring semester. Having these funds build up in checking bares some level of risk (albeit fairly low), so I've opted to keep excess funds in a separate savings account.
Keep up the great work!
Thanks Ryan! Appreciate you saying all of that and glad you found the video helpful. I totally understand your desire for the savings account. That makes a ton of sense and if it's working for you, then it's good to go!
Great video. New YNABer starting a month ago (but long-time electronic enveloper user). I wanting to make sure I get all of the basics. Note to anyone watching in 2024 and beyond: Targets have changed a bit, so this video has old info. The concepts are still the same, but the names and options have changed.
Literally just started yesterday, using your last beginners tutorial! My timing couldn't have been better. Thanks for the incredibly useful content.
Nice! So glad the timing worked out :)
I love your videos on YNAB Nick! I am not a beginner but still watching happily!
Thanks Julie! That means a lot. I really appreciate that!
So excited to see an updated video! I have watched and rewatched the older YNAB videos when I have a question or am thinking through how I want to track something. Not a new user, but always good to hear the basics again!
Awesome Teri! Thanks for watching and glad you’re excited for the update.
I spent my Saturday watching your video and creating my budget. I had this app some time ago and deleted it bc it was wildly confusing. You did such an amazing job breaking it down and giving your own tips!!! I can see my money in a way I never have before. Thank you x10! 😆
Hey thanks! So glad that this gave you what you needed. Happy budgeting :)
I have started and stopped YNAB multiple times, but I after watching this video, I finally get it!! Thank you!!
That’s awesome! So glad to hear that it was helpful for you.
YOU ARE A GIFT! Thank you so much for helping me transition from the paper envelope system to YNAB. I watched and paused your video a zillion times as I set up my YNAB system and I am so thankful and grateful to you for this amazing step-by-step guide. I would never have been able to get such a solid start from the get-go without you. I can't wait to watch your other videos!
Mint migrator here, and this is by FAR the best resource I have found to wrapping my head around this. This is exactly how I want to manage and treat my money, so thank you so much!
Wow, I have started and quit ynab staying with mint so many times. This is the best help I’ve seen on ynab. Using this video to start again. Thanks for this vid.
Glad it helped Linda!
Started 4 years ago and setup my budget with your first video. Now I saw your new video and even as a YNAB veteran I could learn some new stuff and tweak a little bit here and there. Really appreciate your work! Many many thanks!
This video was so helpful! I’ve used YNAB for several years but have never really maximized its budgeting benefits. I’m inspired by your clear, concise checklists to start this Jan. 2022 with a new budget.
Thanks Greta! So glad that this video was helpful for you :)
Thank you so much! I liked YNAB but the amount of times I had to restart my budget because I didn’t know what the heck was going on… After watching this video I finally understand how to use this tool and I’m flying with it. I really appreciate you taking the time to make (and update) this content
Nick, I am a financial coach and use YNAB personally and with my clients. Your videos are my go to for an intro to YNAB. Thank you so much for sharing your expertise!!
Your teaching style and thorough description of setting up a basic budget is EXACTLY what I needed to use this software correctly. I've used YNAB for almost 10 years now to balance my checking account, but have NEVER used budgeting. That is until I discovered this video. Wish me luck! THANK YOU!
I’ve been watching you for years and I fell off the YNAB boat but I’m getting back on…and YOU are the first person I thought to look for to get me back into the swing of things. Just wanted to share my appreciation for you and your videos. Continue to inspire others like you do me, homie. And AMAZING UPDATE! Just in time for me haha. Mahalo 🤙🏽
Hey thanks Hina! So glad to hear that this updated video was helpful for you! Glad you're getting back into the swing of it.
Love this video, thank you. I was overwhelmed because I am living paycheck to paycheck with family. So I needed to see where eery dollar is going. This was not at all hard to do. I have over $4,000 in credit card debt + loans. But I feel clarity now then I did before. I feel empowered and like I can turn things around for myself.
I am new to your channel but have been using YNAB since 2018. My accounts are way off (from your other video) now I know why. Now, I am in a "binge" to be ready to "make a fresh start" but I also want to cry at making a fresh start.... But I appreciate you so much!!
One word ...... Fantastic!! Thank you so much a true pro!
Thank you so much for this informative video. I am about two years from retiring and really wanted to get a handle on eliminating my (dumb) debt and your tutorial was excellent in giving me a great restart to using YNAB to its fullest. I have tried many times using YNAB, fell away, and came back to it again. Your walk-through is the foundation I needed to see. I watched this at least twice before beginning my restart. Peace.
So happy to hear this was helpful for you Ebert! YNAB is an awesome tool for retirees. So hang in there and I think you'll really really like it.
Thank you sir! Started YNAB a few days ago and I was shocked to see you in Jan 2022!
Thanks Mathee! Glad the videos have helped!
This is a goldmine. Thank you for taking the time to create the video series on this. I finally feel like I have hope to actually live by a budget.
Incredibly helpful beginner video! I have been working with my YNAB account for a few weeks and really struggling to get started. This video was exactly what I needed and I learned so much! Thank you Nick!
So glad I found this. I was truly ready to give up on YNAB because I always do well with my first paycheck but once the second one comes in I manage to mess it all up. This was so helpful. Thank you so much. Im ready to tackle this again.
Thank you so much. Using YNAB's tutorials left me befuddled. You have cleared up everything (except about reimbursable expenses, but I'm sure if I dig around I'll find that you've covered those elsewhere.) Very appreciative of your knowledge and sharing.
this video was amazing and i strongly recommend it to people who dont really understand money or this software. it starts a lil slow but he really breaks down all the process so you can really understand! 10 out of 10
I’ve been looking for a “good” budgeting system for years. I tried Every Dollar, hated it, was turned to Mint, absolutely hate it lol. When I stared with Mint years ago I didn’t have the money to pay for a budgeting app, plus it didn’t make sense “to me” to pay for something unnecessary when trying to save money lol. But now I’m thinking of this as an investment 🤔 I can stupidly be paycheck to paycheck but I don’t want that anymore. I want to know exactly where I’m at at all times. Once I saw the YNAB community I was sold on this app. This is the first video I came across, I’ll use this to set up everything lol. I’m thinking I’ll wait a bit longer and check some other videos before I actually start my trial. Thank you so much for creating these videos 🥳
Thanks for doing this video. I tried YNAB about a year ago and I gave up because it was overwhelming, and I didn't understand some of the basics in a way that makes sense in my head. Your video helped break it down and simplify the process so I'm going to give it another go.
That was truly an excellent tutorial. I’ve been using YNAB for years, and I’ve learned things from your video. Are you going to be making updated tutorials for a lot of your previous ones?
Thanks! So glad it helped even as a long-time YNAB user. As for updating, At this moment I'm not planning to do updates to videos that are more-or-less the same, but I will likely update the ones where I feel there's a big enough difference in how I teach it now that it warrants a change.
Example: I'm releasing a new video about YNAB and savings accounts this week :)
I want to thank you for all the timestamps! I am a baby YNABER having to leave Mvelopes aftr 20+ years. This is helping me so much!
New here, from a Rose Han video. I am in YNAB’s trial month. Thank you for making helpful & modern presentations - calming, smart & understandable for us non-number minds.
Hey thanks! If you don't mind me asking, what video of Rose Han lead you here? Thanks!
@@mappedoutmoney Hmm I watched many of hers but she mentioned YNAB in general. If I recall it, I’ll reply here again. I saw a couple of older YNAB tutorials by other teachers & then found your newer-improved videos. I prefer your style of presentation.
@@Shakashack2022 thanks for that. Super helpful, glad you like the videos!
Thanks for the explanation on the difference between "Needed for Spending" and "Monthly Savings Builder". Def went back and changed my targets so I can start building a cushion in my budget.
Ha! 18:45 Love a Nick and Hanna Easter egg - Kayaks! Lol :)
:) glad you enjoyed that.
THANK YOU for this!! New to YNAB and this is 100x better than all the YNAB videos I tried watching to learn.
Thank you, this made YNAB click for me. I got the trial and love it.
Thanks Josh!
I watched your first setup video and you replied and advised me to watch this one. Since I'm just getting started, I find this awesome! I'm taking many of your suggestions and tweaking my budget as I go. I'm just a few days into YNAB, but already excited to see how this can help me long term. Thanks for a great video and all the helpful insight!
Awesome Bob! So glad you checked out the update and that it was helpful for you.
YNAB seems like great software, but it also seems to be lacking clarity around the intended/ideal use. This video does a fantastic job of clearing that up!
It really doesn't
thanks!! would love to see videos that go deeper into the simple budget and the values based budget! 🤩
Thanks for that, good to know people have some interest in that!
Awesome thank you, i used to use ynab years ago, but due to having to manually import all transacitions in the uk, moved away from it, with uk banks now supported trying it again and your video was a great refresher and explained clearly what i want to achieve without having to read lots of material thank you so much !
Excellent video breaking down everything!! I'm going crazy trying to set up my first YNAB budget and you're insight is making it much more manageable!
This should be required-watching for all new YNAB users. Thank you!!
Wow! This is an Excellent video. This is the second time I've watched it. This gives me a great foundation with which to start my YNAB budget.
Hmm, I just started so right now I have my budget based off when they come due: monthly, semi-annual, annual, and GOK.
Just joined YNAB, and found this video extremely helpful as I get started. Thank you!!
A really thanks from France. I just started and was a little bit confuse between credit cards and account. Great video
Just started using YNAB this video was super helpful thank you for the content
Awesome, so glad it helped!
still saving for those kayaks
One day :)
Thanks Nick, great video. Been having a lot of financial anxiety over the past few years even though I save a lot. Seems like budgeting was the answer, and my new years resolution was to get organized so this fits in well with the theme!
excellent video! I've decided to give YNAB a try because of your tutorials and ill be sure to use your affiliate link. Definitely had to slow the video down however and pause A LOT due to the extremely fast talking over very detailed information.
its pretty cool how they brought back ancient money managing method. the put every penny to work is definitely from Arkad!
Your earlier videos got me through that process!
Glad to hear that :)
Thanks for this video - very helpful. Only question about the targets - is my YNAB doesn't show the targets you have. I think its an upgrade? It now says "Set aside" "refill up to" and "Have a balance of". Do you know what these would correlate to what you discuss in the video?
Wow thank you SO much for this great beginner tutorial! Just got it all set up and you made it so clear and easy. I used to do this all manually in excel. Can't believe I didn't know about YNAB sooner. Thanks. Off to watch all your videos :)
Still the best tutorial out there - back for a refresher! Thanks for all you do...
THanks Tomeka!
Thank-you very much for making this video. This is exactly what I was looking for and MORE! Greatly appreciated, Nick.
So glad it helped Kris!
incredibly helpful! Great structure. Many thanks.
Glad ti helped!
I'm being forced to leave mint and many have suggested YNAB. I have to admit, it's a bit unsettling to have to watch a TH-cam video to figure out how to make this work. Don't get me wrong, Mint had its issues, but it was fairly intuitive and straightforward. I don't think I'm a good fit for YNAB, I really want to love it, but its just not happening. Monarch is next on my list to try.
Great video. Just started, still a little confused so I’ll probably be rewatching at some point.
Glad it was helpful!
Wow, what an incredibly helpful video. Now I'm actually excited to start budgeting!
Do you think you could share your detailed line items for the Value Budget (One Month Ahead, Joy, Family & Relationships, etc.)? I'm trying to get a better idea of what to put in those.
Thanks so much for this video! I just opened a YNAB account and this has been super helpful. One thing I got stuck on immediately though is the setting targets. I was sold on the concept of being able to choose "Needed for spending" or a Monthly Savings Builder.. I thought that was the bomb, but I don't seem to have that option in my account? Has this feature been removed?
I have tried and tried and tried to figure out YNAB. I have no idea where i'm going wrong, but it makes absolutely no sense to me.
Excellent video. Without this I probably wouldn't try YNAB. Now I am setup.
Question 1: On day-1 (which is currently the 7th of the month), half of my bills are already paid so I don't need to allocate unspent cash to them, but they have been funded and paid. how do I represent that?
Question 2: YNAB won't connect to my checking account at Fidelity Investments (cash management). This means I'll have to manually import. What's more, the CSV format doesn't match so I need to use a translate tool. This is a lot of work to use a paid service. What is the way to ask YNAB to look into connecting to Fidelity Investments? If I can't resolve this I may have to move to Monarch which seems to connect to everything...
Extremely helpful! Mvelopes is dead so I had to switch and EveryDollar won't sync with Amex (annoying and I'm unwilling to get rid of my Skymiles card) so I ended up with YNAB. This and your previous videos really helped me out! So far...I like YNAB and the philosophy behind it.
THANK YOU! For this video - super helpful as I am getting things rolling with rethinking my budget!
Great video! Just downloaded app - very helpful!
Amazing video. Helped me so much as a beginner
Thanks sooooo much this was so helpful and you are an excellent teacher.
Spouse #1 and Spouse #2 💁🏻
This tutorial is amazing! Thank you!
How do we add bills that are due quarterly? I'd like to put a little back each paycheck so I don't have all of the expenses at once. My water and sewer bills are quarterly.
Total the 4 payments and divide by 12 to get a monthly number. If paid bi-weekly, divide by 26 for the dollar amount to put away each pay. Divide by 24 if paid semi-monthly.
Exactly what Kit said. I use a "monthly savings builder" target for these with the annual expenses divded by 12 to get a monthly amount. This is exactly what I do for my pest control for example that's quarterly.
I am really hard to please. This was really great! Thanks!
Thank You very much for your video which helped me a lot !
Glad to hear that Hugo!
Seriously a great video. Thank you so much!
I’m pretty savvy with my money but being new to YNAB, this is completely overwhelming
Totally get that Dylan, hope the video helps!
I am stuck. I think it’s the mind shift that I can’t get past. I am used to budgeting by paycheck. So trying to understand this is hard!
notes:
23:37 4 target types
Thank you! This was very helpful!
i’m 18, i just can’t seem to understand the part where you say you should not have a savings account if it’s solely for interest because it’s pointless? can you break that part down for me to help me better understand?
Savings accounts are also overdraft protection
Your videos are very helpful! I am a new user
Can you have an "everything else" budget like you can in mint?
I can't seem to get the checklist sent to me, this is the 3rd time I have tried, thank you
Once you’re done with the month, how do you clear out the credit card funds?
Edit: my confusion lies with how you made the transaction of groceries to Sam’s MC. You set an outflow of 100, but this outflow sets a negative value on both end spending category and the credit card. This is hard for me to wrap my head around. In addition, for when you actually pay the credit card, do you see an inflow transaction from the checking account?
Hello, there is new changes in YNAB, are you going to create a video about it?
Great video! I've been subscribed to YNAB for 6 months but couldn't figure out how to use it. Your video helped A LOT! Two questions: I literally just got started with your video. (1) Why are some of my "available" amounts overfunded? (2) Why does the amount in my savings account not show up as assignable? The balance is cleared and I sure would like to assign that amount to my "savings account" category and watch it grow. Thx
Great video. Very concise and informative. Great beard too.
Went to your homepage and filled out the email to get your checklists and never got the email. Not sure your site is working correctly.
This is great! Thank you so much
where is the video for the Targets?
I'm new to YNAB but have been doing a budget for years with EveryDollar. I have now copied my budget in YNAB and really like it but need to know how to track my income. Can I set up Income categories or Inflow categories? I only see "Inflow: Ready to Assign". I have different sources of income (rent, business, jobs, etc.) and want to be able to track what has come in and is still expected. Thank you in advance for your help.