Thanks for watching! Snag the decision tree here: mappedoutmoney.com/ynabgoals Quick Jump Sections 0:35 - Why you should be using goals 1:54 - Using goals to save time budgeting 2:49 - YNAB's update to goals feature 3:05 - Where to find the new goal types 3:48 - New parent goal categories 4:50 - Monthly goal vs. Monthly Contribution goal 7:34 - New By Date goal type 10:08 - Intro to the YNAB goals decision tree 14:00 - How to find the YNAB goals decision tree
I started watching your videos when I was first trying YNAB and they have always been extremely helpful. Last April, I was living paycheck to paycheck and the last week or so of each month was usually me living on credit cards. Then I got a small windfall inheritance that I wasn't expecting, and I didn't want it to melt away overnight, the way windfalls had always previously disappeared on me. I really wanted to make a change. Thanks to YNAB and your videos, I have paid off two credit cards, paid down two more, and have finished each month for the last 5 months, with over a thousand in the bank and no credit card usage. I really appreciate your channel and all the information you put out. This episode comes just in time to help me with Christmas and vacation spending! Thanks again for your great demo videos on YNAB.
Hey @Cj Miller thanks so much! I'm super pumped to hear that you've paid off two cards, and continue to crush it with no credit card use. That's amazing! I'm really glad that the videos have been helpful for you, and yes! Excited for you to prep for Christmas and vacation spending :) Congrats and keep on keeping on!
Wow, while I like YNAB in house training videos and their weekly/monthly live training sessions, Nick you by far make this simple, logical, and yet comprehensive. Thanks for this video. I was wondering about the major goal usage in your beginners YNAB video and here is where you cleared that up, plus introduced the new goal types. Thanks!!
YOU are so BRILLIANT!!!!!!!!!!! Thank you so much for explaining this and for the decision tree!!!!!!!!! We are so in debt but I'm really looking forward to seeing a change in our finances!!!
I've just started using YNAB this month and can't thank you enough for your awesome videos. You are making this so clear, even though it is quite complex sometimes. I've watched your set up video, it's 30mn long but it took me easily 1h30 to watch the whole thing because I was doing it along. I then watched a few (savings, reconciling, etc.) I plan on watching all of them. You're clear, concise, explain very well, and make it look so easy. Thank you, thank you for you videos!!
No problem Kamla! So glad that the videos have been helpful for you :) I noticed you're commenting on this goal update video from Fall 2019. They did update the goals again in June 2020, so be sure to watch that latest video :)
@@mappedoutmoney Thank you Nick! Yes, I did notice my goals were different, we only have 3 choices now (Needed for spending, Target Savings Balance and Monthly Savings Builder). I'll definitely watch the update. Thank you for your response and your awesome videos!!
Nick, I have learned so much from your YNAB videos. This is the first time that I can say that I trust my YNAB budget. After many failures over the years I have been using YNAB (not their fault), things finally clicked. God bless you and Hanna!
Love the clarity on the decision tree with the examples. I wouldn't have thought about the updates and how beneficial they are as we learn along together.
I’m a YNAB newbie and it is the first budgeting program to make sense and click. The goals were so tough to figure out. Thanks so much for the decision tree!
Super super helpful! I’ve been avoiding using YNAB’s new goals feature because I couldn’t decide which categories to do which goals. You explained it so well. And that decision tree is genius. My budget is going to look much more organized now. Thanks so much!
No problem Kyle. Glad the videos helped! Be sure to checkout my newest YNAB goals video released last June - this one here is a bit outdated now. Thanks for commenting. It means a ton.
Incredibly useful and I love your attention to detail! Your videos are helping so much and it's all coming together and making me confident and even excited about my budgeting. Thanks Nick!
I really appreciate the time and effort you put into all of your tutorials for you need a budget. This is the third time I've tried to use you need a budget.This is the only time I've actually used it and saw the benefit it is all because of your videos so thank you
Thanks so much for that Big Haole! I'm super glad to hear that the videos have been helpful for you! Thanks for taking the time to leave a comment and let me know
Great as always Nick! I will convert some of my monthly contribution goals to new monthly goals now that I understand the carryover distinction. Thanks!
Thank you so much for this video and the totally awesome decision tree!!! Watching your videos has been the "make it or break it" for me as far as YNAB goes. Your videos are the absolute best YNAB training available. If not for you, I would have gone back to Mint or tried some other app like Every Dollar or simply kept using my spreadsheet. YOU have made ALL the difference! Blessings to you and Hannah for all that you do to help so many people!
Very helpful. I was overwhelmed and decided to ignore the new options. This makes so much more sense. Now i don’t have to adjust my vacation goals monthly. Thanks!
Nick, a question i havewanted to ask forever is What got you started on the path of finances, where did you get all this knowledge? what made you confident enough to say hey i think i want to start teaching other about it. Were you always smart, was it learned from parents, was it school, books?
Hey Nate! Thanks for the kind words and the question. I'll try not to make this too long. First off, I'm a huge fan of a book and test called the StrengthsFinder 2.0. In that book it lays out 34 different strengths and the test reveals your top 5. My number 1 strength is "Learner" which means I have a passion for learning new things, taking in knowledge, and finding facts. This is an important thing to start with and helps give you context as to the way my brain is wired. I love learning. I'd definitely recommend that book and then trying to structure your career around your strengths. Second, my parents weren't super into finance, but they were into hard work. My dad owns his own business and taught me the direct correlation between hard work and earning a dollar at a young age. I grew up selling things to make extra money, working in my dad's business, and doing all sorts of random tasks for neighbors to earn some cash. Third, I tutored math and taught piano lessons to elementary school kids while I was in high school and college. That's how I figured out I love teaching. Fourth, I got really into reading and learning about personal finance (see number one above) in high school. Then I started diving deeper into the subject while I was in college. Books, podcasts, blogs, articles, forums, etc... Anything I could get my hands on to learn about managing money and business. Fifth, when I graduated from college, I became the "go-to" guy in my friend group for things like credit cards, student loans, and 401ks. We were all getting jobs with salaries and doing adult things and my friends started asking me for help. I loved learning, loved finance, and loved teaching, so naturally, I really enjoyed this. Sixth, I hated my old career and desperately wanted to find a way out. In 2015, my friend told me about some food bloggers he followed and how their blog was providing a full-time income. I had an "ah-ha" moment. All of these bloggers, TH-camrs, and podcasters I'd been following for years were actually making a full-time living doing this. I didn't realize that at first. And because I loved learning, teaching, and finance, I thought I should try my hand at this as well. After all, I was helping my friends, so maybe I could help others too? Seventh, this all started over 4 years ago. It's taken a while (and there have been lots of ups and downs), but overall I'm seeing forward progress with the business. Luckily, I'm also blessed with a lot of patience. Call it DNA, call it luck, call it good parenting, call it a mix of all of those...to me, it's really a God thing. Stuff has and continues to come together in ways that I couldn't have predicted even a year ago. If you want to hear more details, I was recently interviewed on the podcast "ChooseFI" and shared a ton of details about how I got here. As far as actionable things to take away - do some deep diving into who you are as a person and try to build self-awareness so that you can ultimately lean into your strengths. Like I said earlier, StrengthsFinder 2.0 is a great place to start. Hope that helps!
@@nategardner6364 Nice! That's awesome man, proud of you for taking action on it. And with Input being number 1, makes sense as to why you're curious about this! That's cool. The next step is now finding a way to take those top 5 - 10 strengths and see if you can find a way to use those in your career/at home/in your community etc... That's where you start to thrive.
Thank you! I've watched your videos on YNAB goals before but just the way they're designed has been confusing. I've struggled to roll them into my budgeting and I'm excited to play around with this new roll out!
Thank you so much for the freebie. My YNAB budget is a big, ugly mess. A Fresh Start is in order come next month what better way to get back on track than with the new goals available? The flow map will really help my husband and I determined where we want our money to go and how we want it to be saved. Thanks again, Nick!
As always Nick you explain things in a way that is very helpful! Thank you for making the YNAB goal changes easy to understand and with the decision tree much easier to choose!
Your videos are potentially saving my small business. My business partner insisted on developing his own google spreadsheet to manage our whole inflow/outflow... needless to say, out of all the other ideas I pitched, thanks to your articulate explanations on YNAB he was willing to give it a try. Phew! Relief!! Thanks for being so concise.
Hey Tiffany! So glad to hear that. I'm really happy that the videos have been helpful and that y'all are getting on the same page. Reach out if there's ever anything I can do to help, and happy YNABing!
Monthly Contribution vs Monthly Spending has confused me for a while -- thank you for clearing that up! For that last situation, I use Target Balance without a date attached. A good example of this is my Bike Maintenance, Medical, and Emergency Fund categories. For my Bike Maintenance and Medical categories, I set aside enough to cover a couple medium-sized unexpected expenses (I live in the UK, so this is sufficient). As I am not spending out of these categories regularly, it's not a priority for me to build them beyond that right now. When I have to spend out of these categories, like when I had to replace a tire recently after someone bent it trying to steal the bike 🙄, then it becomes a priority for me to build them back up to the target balance again. Right now, for my Emergency Fund, I am using a Target Balance By Date while working towards saving enough to cover several months worth of living expenses. However, once I have reached that goal, I will get rid of the date and focus on other savings goals. If I have to spend anything out of that category, then getting it back to the target balance will once again take priority.
I have a question. Let's use groceries for example. $300 monthly goal for groceries, but only spent $250. Now my budget after next month rollover is $250 needed for groceries? When I set this up hypothetically, my groceries budget for next month still says I need the full amount to reach my goal. I insured it's set as a monthly goal. All I see is the available amount of $50, but it's still asking for the full $300. I'm confused. Please help clarify if you can.
After some digging, I found this thread that cleared it up (kind of) - it's tied to the actual date when the months rollover. support.youneedabudget.com/t/63c7gp/problem-with-the-new-monthly-goal-feature
Thanks so much for this video. I didn't realize how to use goals. (I had been trying to manually set goals in the category name, but it's so much quicker to use the goal feature.) After this one, I watched your toolkit video, which was super helpful to walk through it and explain how to get each feature. I'm excited about the "total monthly goal" calculation in the toolkit, but I can't get it to include the categories that have a spending date category. So, the amount is not accurate. How do I fix this?
This helped out so much! I switched my automatic spending (things on auto pay) to monthly contribution to make sure I'm saving the same amount each month to be ready for next month's bills.
Hey Nick, first of all a great video and all your previous videos are equally good. Just curious, how do you get that first column "GOAL" in your budget? I don't see any option to enable that column! Similarly, the "TOTAL MONTHLY GOALS" in your summary section on the right hand side.
Hey Saurabh it’s using a google chrome extension called toolkit for YNAB. I actually did a video on the toolkit and how to use it. Just search my YNAB playlist and the video will walk you through how to add both of those features :)
Another great video. The one problem I am having is with Target Balance with no date. It goes green and stays green before the balance is reached. It actually goes green as soon as one cent is budgeted in the category.
The decision tree is so helpful! I like how your brain works. I'm wondering if a negative balance, say in groceries, will carry over to the next month requiring you to budget more than the monthly goal. I tried taking out what I put in to cover my overspending in Sept but it's not carrying over. Could this be because it was on a CC?
Hey Grace! Glad you liked the video. And no, overspending will not carry over for debit or credit. Check out this video: th-cam.com/video/jHcGY9SzzkA/w-d-xo.html I think it may help you :)
@@mappedoutmoney Thanks, I had started that one but not finished it :-/ I have been hesitant to wam or move money forward because I like having all green bubbles, but asking those 3 questions for each category at the end of the month is a great plan!
Hey Nick, I'm new to YNAB and have learned a lot about from you videos. So far I love YNAB, but for some reason the monthly goal is carrying over the same way the monthly contribution goal. I noticed your budget screen looks different than mine where it has the 4th goal column and mine only just has the 3 (budgeting, activity, and available). Just wondering if I need to update YNAb or if it's suppose to update on it's own or if it's just a settings thing. Any help would be appreciated.
Hey, Nick, I'm so glad that I found your channel! is there a feature with this toolkit extension that helps with over budgeting using the quick budget tool? Because the regular YNAB app is not smart enough to realize when you don't have enough money for all of your goals selected in the quick budget?
Very helpful Nick! How would you go about budgeting a project? Eg let’s say you want to save up enough money to do a major renovation on your house, and then make sure you don’t overspend on the project? That seems to be a mixture of trying to save up money to a certain balance level, and then switching it to making sure you spend only a certain amount?
Hey Peter! Good question, I personally would choose the new "By Date" goal. This would let you save a certain amount each month until you have enough, but if you need to order some materials a little early for the renovation, you could do that and still ensure you don't spend over a specific amount. This is exactly what the new By Date goal is for. Just choose the total amount you need and the rough month of when you'd like to do the renovation. How that helps!
Hi Nick, thank you for all your videos!!! They are very helpful for beginners. One question, is there a way to set up a weekly goal? for example I pay weekly for mortgage... some months there is 5 payments instead of 4 so I can't set up spending goal each month at the same amount.
Hey Aleksandra! So glad that the videos are helpful. Unfortunately, there's not a good way to set that up. I have seen people create multiple categories for this, although that can be a pain but have FIXED EXPENSES
Nick, which goal type do you choose for the following and why: 1) expenses like mowing, mosquito treatment, etc. that are seasonal and may not be consistent (April-September)? 2) quarterly or semi-annual expenses like car insurance (without having to reset the goal after each payment is made)? 3) saving for quarterly taxes without having to break it into 4 separate categories to accommodate 4 due dates? Using 4 categories still requires goal reset after the payment is made to start the next savings phase just like semi-annual and other non-monthly expenses do. Thanks for you awesome videos!! I agree with what others have said here that your presentations, as compared to YNAB's, are much easier to understand, yet thorough...even for seasoned YNABers.
Hi Nick! Thank you SO much for this tutorial, as well as the decision tree. I am sitting at my computer right now with a print out of the decision tree and using it to budget for November (today was payday) and edit my goals according to this awesome chart. I have edited and set up a couple of my monthly goals (mortgage and utility bills) just like you did with your grocery budget in this demonstration, using the 'Monthly Goal' option, but when I flip to the next month, I am told that I need to budget the ENTIRE amount, even though I have money available from last month showing up in the Inspector. It is not working the way it's working for you in this tutorial. Could it be a setting I need to change in the Toolkit throwing things off? I can't figure out what might be causing this. Thanks so much for your help! You have made an INCREDIBLE difference for me when it comes to using this software. I was soooo lost before I found you!!
Hey Kim! Just wait until tomorrow :) The "Monthly" goal option doesn't work until it's ACTUALLY the next month. So when November 1st gets here, it will work. Hope that makes sense :)
@@mappedoutmoney Perfect sense, thanks so much! I sort of figured that out shortly after posting and realizing it may have worked for you because you were demonstrating by using a current/prior month and I was trying to do it in a current/future month. Sometimes I forget how smart YNAB is. : ) Thanks again!!
@Zach Rolf I typically just fully fund it, and then if I get there and don't need it once it's actually the next month, I'll move it then. Keep in mind, it shouldn't be huge amounts. If it is large amounts, then you probably should adjust your goals to get them closer. Over time, this will get smaller and smaller. Hope that helps!
I'm currently just using the envelope method and I like to let all my monthly contributions be roll-over. Except maybe Bills. I just pay whatever they cost, and keep a buffer amount in my bank to cover them. The buffer amount is just what i feel is more than enough to cover the worst case scenario with utilities, everything else is a fixed cost.
Thanks for the content! I use the tracking method for my savings accounts and have multiple accounts for gifts, insurance, etc. What would be the best goal type for Christmas gifts in this case? I already have money in that account and currently have an auto transfer to fill up that account. I think monthly based on how I am supposed to treat expenses from the tracking accounts. Let me know what you think. Thanks!
Hi Nick, would you mind to cover one topic I never found on your videos. You have lot's of examples about how to manage savings. You use Kayak as an example but you never told what are you do with the categories when you saved enough to buy it. You delete these categories next month? How this affects all YNAB reports and statistic?
I’ve used YNAB desktop (version 4?) for years. OS upgrades are finally forcing me to switch to online. The goals sound fascinating. Question: I’ve got a large family and a set birthday gift amount per individual but some months have a lot more birthdays than others. Is there a goal type that lets me vary contribution goals by month?
Hey Nick, thanks for the great content! I'm a little confused because it seems that YNAB will only create a goal that uses unused dollars from the previous month to count for a goal with the spending by DATE goal option, not the MONTHLY spending goal, as you said. It's weird. I was going back and forth between months, and switching my goal types on the Groceries column, but it was still yellow and asking for more money even though I was overfunded from last month.
Hey Nick, I was watching your video on toolkit settings, the display total monthly goals setting stood out to me. I've come to find out it doesn't work with the new goal types, so there's no way (that I'm aware of) to show the total amount of goals for a month. Do you have a solution/workaround for this?
@@winstonstruye8289 There is a PR submitted to add support for new goal types here: github.com/toolkit-for-ynab/toolkit-for-ynab/pull/1747 So it should be working soon.
I was just thinking that “new update...nick hasn’t covered this in his video what to do now...” and look at that u have a video ready thank god. (I’m just on my 2nd month, so I’m completely dependent on ur videos. )
I like the idea of using goals for quick budgeting, but I get paid monthly on the 28th and I usually budget that money around that day, I'm literally budgeting and got reminded of this video by the following situation: Since the month is almost over and I don't need to cover anything with this new money, I go to the next month and start budgeting there, but it seems Quick Budget and Goals ignore the available money since the month is not over yet. Using Nick's same example, let's say my grocery goal is $400 but I only spent $350 and the month is almost over and I know I won't buy more groceries, I get paid and go to the next month and Quick Budget says I'm underfunded by $400. If I manually budget $350, I now have $400 available but the goal is still yellow and the category underfunded by $50. I guess I could do any of the following? 1 - Manually budget the difference and wait until the month rolls over (I guess YNAB will fulfill the goal then?) 2 - Move the leftover money now to TBB and carry on budgeting next month 3 - Just use Quick Budget as usual and build a buffer for those categories without even knowing it 4 - Budget this new money until the 1st Any tips?
Hey Lorena! Check out my YNAB Toolkit video for how to do that. It's a google chrome extension that you can add to YNAB and it adds in that functionality. Hope that helps!
@@liers99 I was wondering if that was y'all! Definitely let me know if you need any help with it. YNAB has a steep learning curve, but it's awesome once it clicks. Happy new year to y'all as well. I hope you're getting over the flu!
Nick True - MappedOutMoney I think the flu is finally gone. I think YNAB will be no sweat for me because that’s how my brain works. Being that Jennifer is an account, she uses Quicken and a bunch of spreadsheets which totally blows my mind. Now that I am about to turn 40 I’m getting a lot more serious with my investments and it’s time to find every penny I can to fund them.
justanotherhandyman heard that! YNAB will definitely help you find those pennies. No doubt about it. That’s exciting. I’m super glad for y’all. Reach out if there’s anything at all I can do to help.
I'm running into an issue where I set monthly spending goals, similar to your groceries example, but unspent funds are not carrying over to the next month. Even though I have money left over from the prior month, YNAB want's me to budget the full amount again. Do you have any thoughts?
Hey Aaron! The new "monthly" goal type won't actually use the unspent funds until it's the next month in real life. So next week when we hit January 1st it will use the leftover in December. But until then, it won't utilize it in case you still end up needing that money this month.
So I'm confused on a few aspects and if you go over it in another video please feel free to link me to it. But how do you keep track of all the things you're saving for? Do you have 10 different savings accounts? Also I think you used the ex. In this video. If you have $50 left over for groceries and want to put it to next month, do you just literally leave the $50 in your bank account and remember what it's for?
Hey Rebecca! All good questions and by the way you asked them, I recommend checking out these two videos. I think it will help you a ton th-cam.com/video/DxjQ66DVPKM/w-d-xo.html th-cam.com/video/tATZ3PhooW0/w-d-xo.html Give those a look and then let me know what other questions you have!
Hey, Nick. When I use the monthly spending like you advised and I DON'T use it all in that month, (example, my goal is 73.49 for internet, and I had 42 bucks left over, why in the next month YNAB telling me I still need to contribute the whole 73.49 and not 31.49? It's giving me a headache because I can't figure out what's going on.
Hey Jay! I actually choose Monthly Contribution and just do an average. Then if I have too much that month, I leave it in there and let it build up just a little so that I can cover the months when it's higher.
We've decided to do just monthly. We look over our last 12 months of bills and set goals based on our highest bills. If the actual bill is less than we either don't fully fund it (and put the money towards something else, usually debt) or we let it roll over to the next month for a jumpstart on funding the goal.
Also, if I set all my goals, won't the Total Monthly Goals stay the same? Why in May are my goals shown as 3727.09 and the in June, they're 4,181.17 and in July they're 4485.56, and then in August they're back down to 3746.07?
This might be really dumb question but I'm still really confused. So let's say rent is 1000 every month, and phone bill is 50, which type of goal should I set it to?
Those should be monthly contribution goals since every month you need to pay 1000 for rent. So you need to contribute the same amount every month no matter what. Thus monthly contribution. Hope that helps!
I hope YNAB is paying you, because I almost decided to quit on them haha These videos make sooo much more sense than their videos do; I think I was just expecting a more comprehensive app, but I guess if personal financing was very comprehensive to begin with, we wouldn’t need these apps :)
After « Are you saving the same amount each month » -> no, I would put : Do you have a target amount -> yes : Target Balance /// -> no : « no goal » and then I don’t have the movie clip ;-)
I hear ya, but I hate the target balance goal because it gives you no indication :) If YNAB changed the way this goal worked, I'd be inclined to reccommend it. But because it doesn't give you a color or help remind you to stay on top of it, I personally think it's a little useless. But hey, that's just my opinion :)
Nick True - MappedOutMoney the only reminder is the pie chart in the webapp but this is not on the ios version which indeed is a bummer... I could do with the quick budgeting option for it like « complete to target » or something... this is an option nevertheless and so does « no goal ». I personally use it to remind me of a goal like the price of the thing I budget for ;-)
Heard that! I think in these situations I typically start writing the amount for the goal into the name of the category itself or I right the name in the category and then set a monthly contribution of like a dollar as a reminder to keep pushing for it.
Hey Amanda! YNAB just let me know a couple days ago, that they've taken away the extra free months for affiliates. So you're welcome to use my link to give me credit, but unfortunately, it's only 34 days for everyone all the time now. YNAB is supposed to be revamping their affiliate program, so we'll see where they go from here. Thanks for checking!
The reason that the last scenario doesn't work out is because at that point you are not giving that money a job. Which defeats the whole process of the 4 rules.
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![YNAB Goals: How To Choose [June 2020 Update]](/img/tr.png)
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Thanks for watching! Snag the decision tree here: mappedoutmoney.com/ynabgoals
Quick Jump Sections
0:35 - Why you should be using goals
1:54 - Using goals to save time budgeting
2:49 - YNAB's update to goals feature
3:05 - Where to find the new goal types
3:48 - New parent goal categories
4:50 - Monthly goal vs. Monthly Contribution goal
7:34 - New By Date goal type
10:08 - Intro to the YNAB goals decision tree
14:00 - How to find the YNAB goals decision tree
I started watching your videos when I was first trying YNAB and they have always been extremely helpful. Last April, I was living paycheck to paycheck and the last week or so of each month was usually me living on credit cards. Then I got a small windfall inheritance that I wasn't expecting, and I didn't want it to melt away overnight, the way windfalls had always previously disappeared on me. I really wanted to make a change. Thanks to YNAB and your videos, I have paid off two credit cards, paid down two more, and have finished each month for the last 5 months, with over a thousand in the bank and no credit card usage. I really appreciate your channel and all the information you put out. This episode comes just in time to help me with Christmas and vacation spending! Thanks again for your great demo videos on YNAB.
Hey @Cj Miller thanks so much! I'm super pumped to hear that you've paid off two cards, and continue to crush it with no credit card use. That's amazing! I'm really glad that the videos have been helpful for you, and yes! Excited for you to prep for Christmas and vacation spending :)
Congrats and keep on keeping on!
Wow, while I like YNAB in house training videos and their weekly/monthly live training sessions, Nick you by far make this simple, logical, and yet comprehensive. Thanks for this video. I was wondering about the major goal usage in your beginners YNAB video and here is where you cleared that up, plus introduced the new goal types. Thanks!!
Well thanks for that! I super appreciate you watching and taking the time to comment and let me know that it was helpful. Good luck with your YNABing!
YOU are so BRILLIANT!!!!!!!!!!! Thank you so much for explaining this and for the decision tree!!!!!!!!! We are so in debt but I'm really looking forward to seeing a change in our finances!!!
No problem Betty! Thank you so much for watching and taking time to comment :)
youre the budgeting GOAT. These goals were too confusing to me when they came out lol
Hey Thanks Tyler! Good to see you here and hope you’re doing well. Glad the video helped clear some things up for you :)
I've just started using YNAB this month and can't thank you enough for your awesome videos. You are making this so clear, even though it is quite complex sometimes. I've watched your set up video, it's 30mn long but it took me easily 1h30 to watch the whole thing because I was doing it along. I then watched a few (savings, reconciling, etc.) I plan on watching all of them. You're clear, concise, explain very well, and make it look so easy. Thank you, thank you for you videos!!
No problem Kamla! So glad that the videos have been helpful for you :)
I noticed you're commenting on this goal update video from Fall 2019. They did update the goals again in June 2020, so be sure to watch that latest video :)
@@mappedoutmoney Thank you Nick! Yes, I did notice my goals were different, we only have 3 choices now (Needed for spending, Target Savings Balance and Monthly Savings Builder). I'll definitely watch the update. Thank you for your response and your awesome videos!!
Nick, I have learned so much from your YNAB videos. This is the first time that I can say that I trust my YNAB budget. After many failures over the years I have been using YNAB (not their fault), things finally clicked. God bless you and Hanna!
Hey thanks Dana! So so so glad that the video was helpful for you. Really appreciate you taking the time to watch :)
Love the clarity on the decision tree with the examples. I wouldn't have thought about the updates and how beneficial they are as we learn along together.
So glad that it was helpful for you Steven! Thanks for taking the time to let me know!
Great explanation of the difference with the goals
Thanks! Glad it was helpful for you.
Great goal decision tree, very useful. Thanks!
Thank u. Clear and concise. Gonna start in Feb!
Great video Nick! And the decision tree is super helpful, thanks!
I've been using YNAB for a couple of year, but this video was a complete game changer for me. Thank you!
Woo! So glad Kathi! Thanks for letting me know it was helpful :)
I’m a YNAB newbie and it is the first budgeting program to make sense and click. The goals were so tough to figure out. Thanks so much for the decision tree!
Thanks Olivia! Glad the video was helpful for you :)
LOVE the decision tree!! Thank you SO much!
No problem! Super glad that it was helpful for you :)
Thanks for the great YNAB videos! You are my go to resource for all the tips tricks and nuances of YNAB!
Thanks Andrea! Super glad that the video was helpful for you :) Thanks for taking the time to comment!
Great video Nick!! They are so helpful. Missing the class time by the way!! Hope you and Hanna are doing well.
Thanks Todd! Miss having you in class my friend. Hope you are doing well also!
Life is good here, I can't complain :)
Super super helpful! I’ve been avoiding using YNAB’s new goals feature because I couldn’t decide which categories to do which goals. You explained it so well. And that decision tree is genius. My budget is going to look much more organized now. Thanks so much!
Fantastic Minnie! So glad that it was helpful for you :)
We don't deserve you. Thank you for this content. Just started YNAB and I'm pumped.
No problem Kyle. Glad the videos helped! Be sure to checkout my newest YNAB goals video released last June - this one here is a bit outdated now.
Thanks for commenting. It means a ton.
Your videos are always helpful. Thank you for the decision tree :)
Thanks Vean! Really glad that the video was helpful for you :)
Really helpful your video, I had set some of my goals incorrectly, it help me a lot !
Awesome Joachim! Super glad that it was helpful for you. Thanks so much for taking the time to comment!
Incredibly useful and I love your attention to detail! Your videos are helping so much and it's all coming together and making me confident and even excited about my budgeting. Thanks Nick!
I really appreciate the time and effort you put into all of your tutorials for you need a budget. This is the third time I've tried to use you need a budget.This is the only time I've actually used it and saw the benefit it is all because of your videos so thank you
Thanks so much for that Big Haole! I'm super glad to hear that the videos have been helpful for you! Thanks for taking the time to leave a comment and let me know
Great as always Nick! I will convert some of my monthly contribution goals to new monthly goals now that I understand the carryover distinction. Thanks!
Awesome Tim! Super glad you found it helpful. As always, good luck YNABing!
This was hugely helpful. Thank you for the video and the decision tree!
Great Trish! Really happy to hear that it helped you out :)
Another brilliant video! Thank you for helping me finally understand the difference of all these goal types.
No problem!! Super happy to hear that it was helpful for you. Thanks for taking the time to comment :)
Love your vlogs.
Thanks! 😀
Very helpful - thank you
Thank you so much for this video and the totally awesome decision tree!!! Watching your videos has been the "make it or break it" for me as far as YNAB goes. Your videos are the absolute best YNAB training available. If not for you, I would have gone back to Mint or tried some other app like Every Dollar or simply kept using my spreadsheet. YOU have made ALL the difference! Blessings to you and Hannah for all that you do to help so many people!
Subbed. Absolutely fantastic, keep up the great work!
Hey thanks Anthony! Super glad you’ve found the videos helpful my man.
Very helpful. I was overwhelmed and decided to ignore the new options. This makes so much more sense. Now i don’t have to adjust my vacation goals monthly. Thanks!
Awesome, glad you enjoyed it Megan! Super appreciate the comment.
Nick, a question i havewanted to ask forever is What got you started on the path of finances, where did you get all this knowledge? what made you confident enough to say hey i think i want to start teaching other about it. Were you always smart, was it learned from parents, was it school, books?
Hey Nate! Thanks for the kind words and the question. I'll try not to make this too long.
First off, I'm a huge fan of a book and test called the StrengthsFinder 2.0. In that book it lays out 34 different strengths and the test reveals your top 5. My number 1 strength is "Learner" which means I have a passion for learning new things, taking in knowledge, and finding facts. This is an important thing to start with and helps give you context as to the way my brain is wired. I love learning. I'd definitely recommend that book and then trying to structure your career around your strengths.
Second, my parents weren't super into finance, but they were into hard work. My dad owns his own business and taught me the direct correlation between hard work and earning a dollar at a young age. I grew up selling things to make extra money, working in my dad's business, and doing all sorts of random tasks for neighbors to earn some cash.
Third, I tutored math and taught piano lessons to elementary school kids while I was in high school and college. That's how I figured out I love teaching.
Fourth, I got really into reading and learning about personal finance (see number one above) in high school. Then I started diving deeper into the subject while I was in college. Books, podcasts, blogs, articles, forums, etc... Anything I could get my hands on to learn about managing money and business.
Fifth, when I graduated from college, I became the "go-to" guy in my friend group for things like credit cards, student loans, and 401ks. We were all getting jobs with salaries and doing adult things and my friends started asking me for help. I loved learning, loved finance, and loved teaching, so naturally, I really enjoyed this.
Sixth, I hated my old career and desperately wanted to find a way out. In 2015, my friend told me about some food bloggers he followed and how their blog was providing a full-time income. I had an "ah-ha" moment. All of these bloggers, TH-camrs, and podcasters I'd been following for years were actually making a full-time living doing this. I didn't realize that at first. And because I loved learning, teaching, and finance, I thought I should try my hand at this as well. After all, I was helping my friends, so maybe I could help others too?
Seventh, this all started over 4 years ago. It's taken a while (and there have been lots of ups and downs), but overall I'm seeing forward progress with the business. Luckily, I'm also blessed with a lot of patience. Call it DNA, call it luck, call it good parenting, call it a mix of all of those...to me, it's really a God thing. Stuff has and continues to come together in ways that I couldn't have predicted even a year ago.
If you want to hear more details, I was recently interviewed on the podcast "ChooseFI" and shared a ton of details about how I got here.
As far as actionable things to take away - do some deep diving into who you are as a person and try to build self-awareness so that you can ultimately lean into your strengths. Like I said earlier, StrengthsFinder 2.0 is a great place to start.
Hope that helps!
@@mappedoutmoney Thank you for the recommendation i took it and my Number 1 is Input! learner was in my Top 6
@@nategardner6364 Nice! That's awesome man, proud of you for taking action on it. And with Input being number 1, makes sense as to why you're curious about this! That's cool.
The next step is now finding a way to take those top 5 - 10 strengths and see if you can find a way to use those in your career/at home/in your community etc... That's where you start to thrive.
Thank you! I've watched your videos on YNAB goals before but just the way they're designed has been confusing. I've struggled to roll them into my budgeting and I'm excited to play around with this new roll out!
Awesome Julia, hopefully the video will help you make sense of the new goals :)
Thank you so much for the freebie. My YNAB budget is a big, ugly mess. A Fresh Start is in order come next month what better way to get back on track than with the new goals available? The flow map will really help my husband and I determined where we want our money to go and how we want it to be saved.
Thanks again, Nick!
So glad that the decision tree helped out. Glad to hear you're back on track! Good luck YNABing :)
As always Nick you explain things in a way that is very helpful! Thank you for making the YNAB goal changes easy to understand and with the decision tree much easier to choose!
Great Eleanor! Really glad that this helped clear some things up for you! :)
Your videos are potentially saving my small business. My business partner insisted on developing his own google spreadsheet to manage our whole inflow/outflow... needless to say, out of all the other ideas I pitched, thanks to your articulate explanations on YNAB he was willing to give it a try. Phew! Relief!! Thanks for being so concise.
Hey Tiffany! So glad to hear that. I'm really happy that the videos have been helpful and that y'all are getting on the same page. Reach out if there's ever anything I can do to help, and happy YNABing!
Monthly Contribution vs Monthly Spending has confused me for a while -- thank you for clearing that up! For that last situation, I use Target Balance without a date attached. A good example of this is my Bike Maintenance, Medical, and Emergency Fund categories.
For my Bike Maintenance and Medical categories, I set aside enough to cover a couple medium-sized unexpected expenses (I live in the UK, so this is sufficient). As I am not spending out of these categories regularly, it's not a priority for me to build them beyond that right now. When I have to spend out of these categories, like when I had to replace a tire recently after someone bent it trying to steal the bike 🙄, then it becomes a priority for me to build them back up to the target balance again.
Right now, for my Emergency Fund, I am using a Target Balance By Date while working towards saving enough to cover several months worth of living expenses. However, once I have reached that goal, I will get rid of the date and focus on other savings goals. If I have to spend anything out of that category, then getting it back to the target balance will once again take priority.
Thanks for all the awesome YNAB resources! Any chance you’ll do a video on account reconciliation soon?
Yes!! Definitely. Stay tuned for that :)
Great tutorial, thanks! The tree is a wonderful idea.
Awesome thanks Joseph! Super glad that it was helpful for you. And someone emailed me about doing a tree and I thought it was an awesome idea!
As always Nick great job!!! You help me understand these things so much better :)
Awesome Ric! So glad that it was helpful for you :)
Keep up the great work, Nick! Thank you so much for making these videos.
Great video! Cleared up the question as to which goals to use. 😊👍
Good Joel! Super glad that it was helpful for you.
This is awesome, thank you!! I haven't touched YNAB in a bit and am planning to get back in Nov. I am STOKED about these new settings :)
Woot woot! That's great Amber! Hope you enjoy the new goals. I'm a big fan of them :)
I have a question. Let's use groceries for example. $300 monthly goal for groceries, but only spent $250. Now my budget after next month rollover is $250 needed for groceries? When I set this up hypothetically, my groceries budget for next month still says I need the full amount to reach my goal. I insured it's set as a monthly goal. All I see is the available amount of $50, but it's still asking for the full $300. I'm confused. Please help clarify if you can.
I'm seeing the same thing. The amount the goal requires doesn't go down like it does in the video. Help!
After some digging, I found this thread that cleared it up (kind of) - it's tied to the actual date when the months rollover. support.youneedabudget.com/t/63c7gp/problem-with-the-new-monthly-goal-feature
Thanks so much for this video. I didn't realize how to use goals. (I had been trying to manually set goals in the category name, but it's so much quicker to use the goal feature.) After this one, I watched your toolkit video, which was super helpful to walk through it and explain how to get each feature. I'm excited about the "total monthly goal" calculation in the toolkit, but I can't get it to include the categories that have a spending date category. So, the amount is not accurate. How do I fix this?
This helped out so much! I switched my automatic spending (things on auto pay) to monthly contribution to make sure I'm saving the same amount each month to be ready for next month's bills.
Awesome! So glad that it was helpful for you. Thanks for taking the time to comment.
Hey Nick, first of all a great video and all your previous videos are equally good.
Just curious, how do you get that first column "GOAL" in your budget? I don't see any option to enable that column!
Similarly, the "TOTAL MONTHLY GOALS" in your summary section on the right hand side.
Hey Saurabh it’s using a google chrome extension called toolkit for YNAB. I actually did a video on the toolkit and how to use it. Just search my YNAB playlist and the video will walk you through how to add both of those features :)
After watching this I organized more my budget, just started 2 weeks ago
Awesome, so glad the video helped!
Another great video. The one problem I am having is with Target Balance with no date. It goes green and stays green before the balance is reached. It actually goes green as soon as one cent is budgeted in the category.
I solved it with toolkit, that was the default setting. Thanks again the video!
@@lb4737 Perfect :) Glad you were able to get toolkit to help!
Why my YNAB doesnt have the Toolkit Reports and Collapse buttons, and the Goal column?
Hey Oilut! You can add those features by adding on the Toolkit chrome extension. Here's a video about it: th-cam.com/video/x4-igXQLEkw/w-d-xo.html
@@mappedoutmoney Ooooh wow, thanks! I´m gonna check it out!
Cheers.
The decision tree is so helpful! I like how your brain works. I'm wondering if a negative balance, say in groceries, will carry over to the next month requiring you to budget more than the monthly goal. I tried taking out what I put in to cover my overspending in Sept but it's not carrying over. Could this be because it was on a CC?
Hey Grace! Glad you liked the video. And no, overspending will not carry over for debit or credit.
Check out this video: th-cam.com/video/jHcGY9SzzkA/w-d-xo.html
I think it may help you :)
@@mappedoutmoney Thanks, I had started that one but not finished it :-/ I have been hesitant to wam or move money forward because I like having all green bubbles, but asking those 3 questions for each category at the end of the month is a great plan!
Hey Nick, I'm new to YNAB and have learned a lot about from you videos. So far I love YNAB, but for some reason the monthly goal is carrying over the same way the monthly contribution goal. I noticed your budget screen looks different than mine where it has the 4th goal column and mine only just has the 3 (budgeting, activity, and available). Just wondering if I need to update YNAb or if it's suppose to update on it's own or if it's just a settings thing. Any help would be appreciated.
Hey, Nick, I'm so glad that I found your channel! is there a feature with this toolkit extension that helps with over budgeting using the quick budget tool? Because the regular YNAB app is not smart enough to realize when you don't have enough money for all of your goals selected in the quick budget?
Very helpful Nick! How would you go about budgeting a project? Eg let’s say you want to save up enough money to do a major renovation on your house, and then make sure you don’t overspend on the project? That seems to be a mixture of trying to save up money to a certain balance level, and then switching it to making sure you spend only a certain amount?
Hey Peter! Good question, I personally would choose the new "By Date" goal. This would let you save a certain amount each month until you have enough, but if you need to order some materials a little early for the renovation, you could do that and still ensure you don't spend over a specific amount. This is exactly what the new By Date goal is for.
Just choose the total amount you need and the rough month of when you'd like to do the renovation. How that helps!
Hi Nick, thank you for all your videos!!! They are very helpful for beginners. One question, is there a way to set up a weekly goal? for example I pay weekly for mortgage... some months there is 5 payments instead of 4 so I can't set up spending goal each month at the same amount.
Hey Aleksandra! So glad that the videos are helpful. Unfortunately, there's not a good way to set that up.
I have seen people create multiple categories for this, although that can be a pain but have
FIXED EXPENSES
Thank you Nick, I will try this way...
Nick, which goal type do you choose for the following and why:
1) expenses like mowing, mosquito treatment, etc. that are seasonal and may not be consistent (April-September)?
2) quarterly or semi-annual expenses like car insurance (without having to reset the goal after each payment is made)?
3) saving for quarterly taxes without having to break it into 4 separate categories to accommodate 4 due dates? Using 4 categories still requires goal reset after the payment is made to start the next savings phase just like semi-annual and other non-monthly expenses do.
Thanks for you awesome videos!! I agree with what others have said here that your presentations, as compared to YNAB's, are much easier to understand, yet thorough...even for seasoned YNABers.
Hi Nick! Thank you SO much for this tutorial, as well as the decision tree. I am sitting at my computer right now with a print out of the decision tree and using it to budget for November (today was payday) and edit my goals according to this awesome chart. I have edited and set up a couple of my monthly goals (mortgage and utility bills) just like you did with your grocery budget in this demonstration, using the 'Monthly Goal' option, but when I flip to the next month, I am told that I need to budget the ENTIRE amount, even though I have money available from last month showing up in the Inspector. It is not working the way it's working for you in this tutorial. Could it be a setting I need to change in the Toolkit throwing things off? I can't figure out what might be causing this. Thanks so much for your help! You have made an INCREDIBLE difference for me when it comes to using this software. I was soooo lost before I found you!!
Hey Kim!
Just wait until tomorrow :) The "Monthly" goal option doesn't work until it's ACTUALLY the next month. So when November 1st gets here, it will work.
Hope that makes sense :)
@@mappedoutmoney Perfect sense, thanks so much! I sort of figured that out shortly after posting and realizing it may have worked for you because you were demonstrating by using a current/prior month and I was trying to do it in a current/future month. Sometimes I forget how smart YNAB is. : ) Thanks again!!
Kim Williams haha all good! Happy budgeting :)
@Zach Rolf I typically just fully fund it, and then if I get there and don't need it once it's actually the next month, I'll move it then. Keep in mind, it shouldn't be huge amounts. If it is large amounts, then you probably should adjust your goals to get them closer. Over time, this will get smaller and smaller.
Hope that helps!
@Zach Rolf Awesome Zach! I'm super glad to hear that and really excited for you and your wife. Thanks so much for the kind words!
I'm currently just using the envelope method and I like to let all my monthly contributions be roll-over. Except maybe Bills. I just pay whatever they cost, and keep a buffer amount in my bank to cover them. The buffer amount is just what i feel is more than enough to cover the worst case scenario with utilities, everything else is a fixed cost.
Thanks for the content! I use the tracking method for my savings accounts and have multiple accounts for gifts, insurance, etc. What would be the best goal type for Christmas gifts in this case? I already have money in that account and currently have an auto transfer to fill up that account. I think monthly based on how I am supposed to treat expenses from the tracking accounts. Let me know what you think. Thanks!
Hi Nick, would you mind to cover one topic I never found on your videos. You have lot's of examples about how to manage savings. You use Kayak as an example but you never told what are you do with the categories when you saved enough to buy it. You delete these categories next month? How this affects all YNAB reports and statistic?
I’ve used YNAB desktop (version 4?) for years. OS upgrades are finally forcing me to switch to online. The goals sound fascinating. Question: I’ve got a large family and a set birthday gift amount per individual but some months have a lot more birthdays than others. Is there a goal type that lets me vary contribution goals by month?
Hey Nick, thanks for the great content! I'm a little confused because it seems that YNAB will only create a goal that uses unused dollars from the previous month to count for a goal with the spending by DATE goal option, not the MONTHLY spending goal, as you said. It's weird. I was going back and forth between months, and switching my goal types on the Groceries column, but it was still yellow and asking for more money even though I was overfunded from last month.
Hey Nick, I was watching your video on toolkit settings, the display total monthly goals setting stood out to me. I've come to find out it doesn't work with the new goal types, so there's no way (that I'm aware of) to show the total amount of goals for a month. Do you have a solution/workaround for this?
Hey @Nick, I also noticed this as well and it's bummer that these new goals do mess up that toolkit feature! Would love your thoughts on this
@@winstonstruye8289 There is a PR submitted to add support for new goal types here: github.com/toolkit-for-ynab/toolkit-for-ynab/pull/1747
So it should be working soon.
How did you get a goal column to appear after the category name?
Joan Stevens hey Joan! I’m using an extension caked toolkit for YNAB. Check out my video on that and it shows you how :)
I was just thinking that “new update...nick hasn’t covered this in his video what to do now...” and look at that u have a video ready thank god. (I’m just on my 2nd month, so I’m completely dependent on ur videos. )
haha, well I'm glad I was able to help you with the update! Thanks for watching :)
I like the idea of using goals for quick budgeting, but I get paid monthly on the 28th and I usually budget that money around that day, I'm literally budgeting and got reminded of this video by the following situation:
Since the month is almost over and I don't need to cover anything with this new money, I go to the next month and start budgeting there, but it seems Quick Budget and Goals ignore the available money since the month is not over yet.
Using Nick's same example, let's say my grocery goal is $400 but I only spent $350 and the month is almost over and I know I won't buy more groceries, I get paid and go to the next month and Quick Budget says I'm underfunded by $400. If I manually budget $350, I now have $400 available but the goal is still yellow and the category underfunded by $50.
I guess I could do any of the following?
1 - Manually budget the difference and wait until the month rolls over (I guess YNAB will fulfill the goal then?)
2 - Move the leftover money now to TBB and carry on budgeting next month
3 - Just use Quick Budget as usual and build a buffer for those categories without even knowing it
4 - Budget this new money until the 1st
Any tips?
How do you add the "Goal" Column to the dashboord ?
Hey Lorena! Check out my YNAB Toolkit video for how to do that. It's a google chrome extension that you can add to YNAB and it adds in that functionality. Hope that helps!
This seems to be more geared to the desktop rather than the app. Was wondering why I couldn’t find the goal setup in app.
Definitely. YNAB has talked about rolling the goals out to the app, but initially setting up your budget is much easier on the desktop.
Great video cuz.
Hey thanks! Glad you liked it.
Nick True - MappedOutMoney Jennifer and I are considering switching over to YNAB so we may be giving you a call in the future. Happy new year!
@@liers99 I was wondering if that was y'all! Definitely let me know if you need any help with it. YNAB has a steep learning curve, but it's awesome once it clicks.
Happy new year to y'all as well. I hope you're getting over the flu!
Nick True - MappedOutMoney I think the flu is finally gone. I think YNAB will be no sweat for me because that’s how my brain works. Being that Jennifer is an account, she uses Quicken and a bunch of spreadsheets which totally blows my mind. Now that I am about to turn 40 I’m getting a lot more serious with my investments and it’s time to find every penny I can to fund them.
justanotherhandyman heard that! YNAB will definitely help you find those pennies. No doubt about it. That’s exciting. I’m super glad for y’all.
Reach out if there’s anything at all I can do to help.
I'm running into an issue where I set monthly spending goals, similar to your groceries example, but unspent funds are not carrying over to the next month. Even though I have money left over from the prior month, YNAB want's me to budget the full amount again. Do you have any thoughts?
Hey Aaron! The new "monthly" goal type won't actually use the unspent funds until it's the next month in real life.
So next week when we hit January 1st it will use the leftover in December. But until then, it won't utilize it in case you still end up needing that money this month.
@@mappedoutmoney Thank you so much - you're tutorials have been so helpful. Keep up the great work!
So I'm confused on a few aspects and if you go over it in another video please feel free to link me to it. But how do you keep track of all the things you're saving for? Do you have 10 different savings accounts? Also I think you used the ex. In this video. If you have $50 left over for groceries and want to put it to next month, do you just literally leave the $50 in your bank account and remember what it's for?
Hey Rebecca! All good questions and by the way you asked them, I recommend checking out these two videos. I think it will help you a ton
th-cam.com/video/DxjQ66DVPKM/w-d-xo.html
th-cam.com/video/tATZ3PhooW0/w-d-xo.html
Give those a look and then let me know what other questions you have!
@@mappedoutmoney Alright thank you. That really makes more sense now!
Rebecca Poole Happy it helped!
Hey, Nick. When I use the monthly spending like you advised and I DON'T use it all in that month, (example, my goal is 73.49 for internet, and I had 42 bucks left over, why in the next month YNAB telling me I still need to contribute the whole 73.49 and not 31.49? It's giving me a headache because I can't figure out what's going on.
Once funded and spent, How do I reset a goal for another trip using the same category?
Hey Vean! You can just click on the category and then on the right hand side, select "edit" next to the word "goal" and change it there.
Question - when you have bills like electric or gas or water than change every month, would that be a monthly contribution or just a monthly?
Hey Jay! I actually choose Monthly Contribution and just do an average. Then if I have too much that month, I leave it in there and let it build up just a little so that I can cover the months when it's higher.
We've decided to do just monthly. We look over our last 12 months of bills and set goals based on our highest bills. If the actual bill is less than we either don't fully fund it (and put the money towards something else, usually debt) or we let it roll over to the next month for a jumpstart on funding the goal.
Also, if I set all my goals, won't the Total Monthly Goals stay the same? Why in May are my goals shown as 3727.09 and the in June, they're 4,181.17 and in July they're 4485.56, and then in August they're back down to 3746.07?
This might be really dumb question but I'm still really confused. So let's say rent is 1000 every month, and phone bill is 50, which type of goal should I set it to?
Those should be monthly contribution goals since every month you need to pay 1000 for rent. So you need to contribute the same amount every month no matter what. Thus monthly contribution. Hope that helps!
@@mappedoutmoney Thanks, Nick! Appreciate the reply and all of your vids!
I hope YNAB is paying you, because I almost decided to quit on them haha These videos make sooo much more sense than their videos do; I think I was just expecting a more comprehensive app, but I guess if personal financing was very comprehensive to begin with, we wouldn’t need these apps :)
haha, true that. Well I'm glad that the videos have been helpful for you!
You are awesome! You are awesome! Did I say you are awesome?!
Hahaha thanks Roxiie! So glad that it was helpful for you :)
After « Are you saving the same amount each month » -> no, I would put : Do you have a target amount -> yes : Target Balance /// -> no : « no goal » and then I don’t have the movie clip ;-)
I hear ya, but I hate the target balance goal because it gives you no indication :) If YNAB changed the way this goal worked, I'd be inclined to reccommend it. But because it doesn't give you a color or help remind you to stay on top of it, I personally think it's a little useless.
But hey, that's just my opinion :)
Nick True - MappedOutMoney the only reminder is the pie chart in the webapp but this is not on the ios version which indeed is a bummer... I could do with the quick budgeting option for it like « complete to target » or something... this is an option nevertheless and so does « no goal ». I personally use it to remind me of a goal like the price of the thing I budget for ;-)
Heard that! I think in these situations I typically start writing the amount for the goal into the name of the category itself or I right the name in the category and then set a monthly contribution of like a dollar as a reminder to keep pushing for it.
I'm getting an error when I try to confirm my email for the tree :( Is it available another way?
Hey Shaun! Yes, send me an email to nick(at)mappedoutmoney(dot)com and I'll send it your way, sorry about that!
No worries, another email came through eventually.
Glad to hear that, hope it helped!
Anyone else only getting a 34 day free trial using the affiliate link(2months) or am i missing something
Hey Amanda! YNAB just let me know a couple days ago, that they've taken away the extra free months for affiliates. So you're welcome to use my link to give me credit, but unfortunately, it's only 34 days for everyone all the time now. YNAB is supposed to be revamping their affiliate program, so we'll see where they go from here. Thanks for checking!
The reason that the last scenario doesn't work out is because at that point you are not giving that money a job. Which defeats the whole process of the 4 rules.
Ding ding ding! We have a winner. You're exactly right :)
If you could talk/go a little slower, it would be very helpful!!
Thanks for the feedback Paula!
@@mappedoutmoney BTW you have been a lifesaver for setting up and dialing in my YNAB!! Thanks a million!