What did you do to improve your finances today?

This was one of my favourite threads on the old forum, and since there doesn't seem to be one here yet, I thought I'd create one :-)
 

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  • New to YNAB - I categorized my Emergency Savings, and realized that I need more!

    Now I have goals for:

    • Future Car Down Payment
    • Car Maintenance
    • Six Month's Rent/Parking (already met)
    • Six Months Groceries
    • Six Months Car/Renter Insurance
    • Six Months Car Payment
    • Six Months Utilities

    Any extra green at the end of the month will be going to either next month's buffer or one of those.

    Reply Like 6
    • Kamirose Love this idea! Might do it once I get my month's buffer since I already have a small e-fund for vet and car emergencies since I really do want to build it to 6 months.

      Reply Like 2
      • Kamirose
      • kamirose
      • 1 yr ago
      • 1
      • Reported - view

      veggiegeek Yeah, I thought my emergency savings was enough, but I live in a high cost of living area and it pretty much only covers like three months' of expenses, and I'd like to push it to six.

      I also added my car insurance deductible in there after that post. :)

      Reply Like 1
    • Kamirose Well done! I've been adding money to a car repair category, but soon we'll have to spend twice what's in there :-( But well, at least it's a good thing we had some money in there already!

      Reply Like 1
  • Paid an extra 150 on my student loans by moving extra $$ left over from my other budgeted line items from April

    Reply Like 3
    • Navy Blue Case Nice!

      Reply Like
  • I found a new trainer for my fitness workouts. I have not freed up a great deal of money but I am getting better value for money.

    Original trainer was $45 for 30 minutes plus $17/wk for a gym membership - total $62/wk. I was only going once a week due to a huge fear of gyms ( long story, but with a trainer, I felt better).

    Now I have found a new trainer who works out of her garage at $20 for 45 mins. I have booked in for two sessions a week which lowers the price to $30 for both sessions. 

    I had a training session today and I worked harder and felt better than I have in ages. Maybe I will regret saying that tomorrow!

    Win for the budget $32/wk. Win for my health, immense!

    Reply Like 2
    • Forest Green Chef That's some massive wins right there, keep up the good work!

      Reply Like 2
    • Vibrant
    • No more counting dollars, we'll be counting stars
    • vibrant
    • 1 yr ago
    • 4
    • Reported - view

    I called my bank to question an unexpected fee and they reversed it.  It's net neutral for the budget but without YNAB I probably wouldn't have noticed it and I certainly wouldn't have had the nerve to call and question it, because I wouldn't have known *for sure* that I didn't actually owe it. 

    Reply Like 4
    • Vibrant Yes, I love that about YNAB! It makes it so much easier to spot double bookings and things like that!

      Reply Like 1
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • Reported - view

      Vibrant YES!!!

      Reply Like
    • Frugalitarian
    • Optimizing spending, one purchase at a time.
    • Sky_Blue_Octopus_990955
    • 1 yr ago
    • 2
    • Reported - view

    I plugged extra money into my wife's "Back to College" fund by (a) moving all of the money we budgeted but didn't spend last month into that category, and (b) rounding down every spending category to the nearest dollar and moving the change into that fund. Every little bit counts! 

    Reply Like 2
    • Frugalitarian Nice!!

      Reply Like
  • Yesterday we made our final payment on our  $54,705.21 debt snowball!  Paid off over a 12 month period using ynab.   We LOVE YNAB and we just can’t seem to shut up about it.  We’ve already converted several of our friends!

    Reply Like 12
    • Arizona Family WOW!!! That's MASSIVE!! Well done, and congrats!

      Reply Like 2
  • I actually entered information into the budget.

    Reply Like 9
    • Cadet Blue Rain Good, that's where it starts!

      Reply Like 1
  • Finalised my application for a new rental house that will save me £375 per month.

    Reply Like 4
    • Aquamarine Storm (67697f3db38d) oh wow that's a good savings right there! I hope you'll get it!

      Reply Like 2
  • Starting this month I'm doubling my car loan payments. Plan to keep that going for at least the rest of the year. 

    Reply Like 4
    • TheTabby
    • Just a common cat trying to budget uncommonly well.
    • TheTabby
    • 1 yr ago
    • 4
    • Reported - view

    We've done lots of stuff the last two days!

    Yesterday, we refinanced my wife's car, and went from 7.24% to 3.05% at the same term - If we pay minimums, it'll save us $3,245 over the next 59 months.  Today we mailed in the title, so everything can get finalized properly.

    Today, DW called CapitalOne to get her name corrected on her cards - I know, a bit late, but it hasn't really mattered terribly.  She then followed up with asking if she could merge her two cards, which it sounds like she can, but has to do online, and she the older/higher credit limit/no rewards/annual fee one to a rewards/no annual fee one.  Once her payments clear, she's going to try to get them merged, and then she'll be down from two annual fees to none.

    After that call, I called and got my rewards card changed to one with no annual fee too!

    Reply Like 4
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • 2
      • Reported - view

      TheTabby ooh this reminds me, I need to cut ties with AmEx once and for all!!!!

      Reply Like 2
    • rolltide
    • Vita, epulum! Famescenti tamen plurimi miseri!
    • rolltide
    • 1 yr ago
    • 3
    • Reported - view

    I paid some medical bills I had stacked up, by due date, - I typically do this to keep my money in my interest-bearing checking account longer. Not sure if it makes that much of a difference, but hey, every penny counts, right? Oh and I walked into work. Have been doing that a lot since my weight loss. Saves on fuel for the car.

    Reply Like 3
  • I slipped up and overspent a bit at the end of last week, but I'm turning that around now by bringing my budget up to date straight away instead of avoiding. 

    I've done some WAMing to cover the overspend and am doing two no spend days this weekend.  I've run out of a couple of grocery items so it's a pain, but I'm improvising to cover that without going to the shop.  

    Apart from that, I decided to make the no-spend weekend a benefit rather than a penance so I'm doing some quality of life things that don't cost anything.  Went for a walk with a friend, chatting on the phone, doing some drawing and trying out a new recipe.

    Reply Like 5
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • 1
      • Reported - view

      Pikayo good job!  Avoiding avoidance, as it were! well done!

      Reply Like 1
  • Doubled my payment on one of my student loans this week. First time that bill has been under 20k in a long time. Can’t wait to celebrate the next milestone of being under 15k

    Reply Like 6
    • Navy Blue Case Congratulations! I am also paying off my student loans and understand how motivating hitting those milestones can be! Looking forward to your "under 15k" post :)

      Reply Like 1
    • Navy Blue Case Well done!

      Reply Like
    • rolltide
    • Vita, epulum! Famescenti tamen plurimi miseri!
    • rolltide
    • 1 yr ago
    • 3
    • Reported - view

    Got my first Venmo incoming payment (from my brother for his share of Mother's Day flowers), and it popped into my bank account the next day. Seems faster than paypal... though I would caution that one needs to go to settings to make sure the default for the "social-ness"/public/private aspect of each transaction is "share publicly" - so you'd want to make sure you set it to private for each transaction you don't want to share publicly, or change the default. Personally, since I am paying my therapist via Venmo now, I don't need that recorded in the realm of social... :)

    Reply Like 3
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • 1
      • Reported - view

      rolltide I've been thinking about getting Venmo, but I'm worried about their security protocols. What made you take the plunge? I can see it would be super convenient!

      Reply Like 1
      • rolltide
      • Vita, epulum! Famescenti tamen plurimi miseri!
      • rolltide
      • 1 yr ago
      • Reported - view

      Navy Blue Unicorn My therapist sort of pushes it... I decided the risk wasn't horrible since I was already using PayPal... but I don't know about the security issues you have with it... what in particular are you thinking about?

      Reply Like
  • I set up a standing order to save money to an account that is very inconvenient to get to.

    Reply Like 4
    • kayjenx Nice! Anything specific you're saving for?

      Reply Like
      • kayjenx
      • Debt Ninja Trainee
      • kayjenx
      • 1 yr ago
      • Reported - view

      Winterlover sorry, I missed your reply. Savings for the hubs retirement. My work has a pension plan but not his.  We also recently changed internet providers. For $7 a month less, we get 25% increase in speed, and we get 6GB of data for hubs phone (he used to get 2.5) and 100 mins and 100 texts free per month.

      Reply Like
  • Last night I went to the supermarket at exactly the time when the end of day bargains (fresh food with that day as the sell-by date) were getting a final discount.  I picked up  celery, rocket, peppers, blueberries, lettuce, cucumber, spinach, mushrooms and tomatoes, mostly organic, all for £1.61 in total.  

    I've already made a pasta salad and a blueberry smoothie, and chopped and frozen some of the fresh tomatoes.  Today I'm going to make a lentil and vegetable stew and some soup.  Then I can enjoy a healthy Bank Holiday weekend!

    Reply Like 5
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • 1
      • Reported - view

      Pikayo NICE!!!

      Reply Like 1
    • Pikayo Wow that's a lot for very little money, well done! Do they do this each day at exactly the same time? Could be well worth it to go in on those times more often!

      Reply Like 1
      • Pikayo
      • Pikayo
      • 1 yr ago
      • 1
      • Reported - view

      Winterlover  yes, it's the same time of day but sometimes they have nothing I want, or the food isn't very fresh, or the discounts are small.   I'll often get one or two bargains, but that time I was very lucky.

      Reply Like 1
    • Pikayo Yes you have to be a bit lucky with these things! My husband loves to look for 35% off deals at our supermarket, which is for food that's good only that day still. Love it :-) He doesn't quite want to YNAB yet, but he does help this way too :-)

      Reply Like
  • Was one click away from buying a beautiful area rug on Wayfair. First I told myself I’d sleep on it. Then I remembered that I’d dug heavily into my savings this month to cover other goals.  Then I said I’d put it on credit and pay it off by July 1. Then I realized I didn’t want to WAM a $300 purchase with money I don’t have.

    I’m about to make a YNAB goal category for the rug. Win! 

    Reply Like 10
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • Reported - view

      Sky Blue Tugboat yes!!!

      Reply Like
    • Sky Blue Tugboat Woah good thought process steps you took there! :-) 

      Reply Like 1
  • Newbie here - Just set up my budget last week and feeling depressed and overwhelmed by my staggering debt but when I went to look at a new pickleball racket -instead of buying it with a credit card, I found out the price and put it on my budget to save for!

    Reply Like 8
    • BajaChica Congrats! Those "impulse buys" become easier to budget for the longer you use ynab and follow the 4 rules. It'll feel great to see your "pickleball savings" grow.

      Reply Like 2
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • Reported - view

      BajaChica good one!!

      Reply Like
    • BajaChica It can be overwhelming, but as the months go by I think you'll find yourself more 'in control' and feeling better about your budget and where it's all going. Super well done on budgeting for something instead of just buying it straight away. It will feel so good to buy it once you saved up enough for it, knowing all you other categories are also covered! :-) 

      Reply Like 2
  • Got to see ynab in action today as my car battery died when I tried to start my car. Fortunately I do have AAA, so help was on site quickly and a new battery installed. Since I only had to pay for the battery today, and I have been putting small amounts in my "auto maintenance" fund each month, I had enough to cover the battery with a small amount left over. It was not stressful at all thanks to AAA, super nice repair guy, and ynab. Feeling grateful and putting this in the "ynab wins" category.

    Reply Like 8
      • Navy Blue Unicorn
      • Science is real.
      • Navy_Blue_Unicorn_6d071
      • 1 yr ago
      • 1
      • Reported - view

      veggiegeek yay, this is great!

      Reply Like 1
    • veggiegeek Awesome!

      Reply Like 1
    • veggiegeek HUGE win, this is awesome!!! :)

      Reply Like
  • I've been categorizing my groceries to get a handle on where all the money goes and found we had been overcharged by $47!!  CREDIT ME BACK, lovely coop whose cashier transposed two numbers on a bulk purchase!  We do not eat expensive gluten-free pasta!  

    Reply Like 4
    • Navy Blue Unicorn Wow, good for you that you checked!

      Reply Like 1
  • Inspired by this post by Wendy , I contacted Discover and was also able to secure a temporary lower interest rate on my existing balance!! Only for 6 months, but for that time my interest rate will be only 9.99% rather than 18%, which will save me around $400 total! And by that time, hopefully I'll have my other balances low enough that I can start getting some 0% balance transfers going.

    Absolutely thrilled, thanks SO much gwenasaurus (love your name, BTW!) :)

    Reply Like 7
    • Resistant Punch Roller Nice!!

      Reply Like 1
      • Wendy
      • gwenasaurus
      • 1 yr ago
      • 2
      • Reported - view

      Resistant Punch Roller Hurray!! This just adds to my reward for going outside of my comfort zone! :)

      Reply Like 2
      • BajaChica
      • Purple_Memory.1
      • 1 yr ago
      • Reported - view

      Resistant Punch Roller can you tell me how you did this? Asked for a lower rate?

      Reply Like
      • Wendy
      • gwenasaurus
      • 1 yr ago
      • 3
      • Reported - view

      BajaChica I found that you had to be pretty specific. When I asked for "a lower rate" they offered me a lower rate on new purchases, which wasn't helpful and lead to a dead end. When I called and asked for "a lower rate on my existing balance" they found a similar program as Resistant Punch Roller mentioned.

      Reply Like 3
  • Hi! I am from Germany and new to this. I love the system! Today I paid a visit to my bank and switched a high interest credit to a low interest credit. And I combed through my transactions  in my checking account and cancelled a lot of subscribtions... It is such a great feeling!

    Reply Like 7
    • Ivory Lobster Nice to see another European here! :-) I'm from The Netherlands myself. 
      Good luck with YNAB, I'm sure you'll keep enjoying it! And well done on cancelling those subscriptions!

      Reply Like 1
    • Winterlover nice to see you here too! 🙂There is no app like this around here and I just love it. The Netherlands! That`s where my first name is from 😉. Happy budgeting to you, too!

      Reply Like 2
  • I had a huge victory today -I’m super proud of myself and know I couldn’t have done it without this program. Friends have friends visiting and wanted us to join them for dinner. We just got hit with a $500 quad repair bill (what we drive for transportation here in Baja Sur Mexico)...anyway I sooo wanted to go but I also sooo didn’t want to spend the money on a meal. After thinking about it for a bit I invited them all over after dinner for dessert, drinks and star-gazing with my hubby who taught celestial navigation in the Air Force. It was a perfect solution. I made us dinner and a chocolatey-peanut thing for dessert. 

    I am just in my first week or so with YNAB and have a massive amount of debt. I’ve been obsessed with tweaking my budget every day sometimes several times a day which I think really is helping me focus on it and keeping me present.  I sure do hope this becomes a habit quickly!

    Thanks for the support. 

    Reply Like 6
    • BajaChica What a perfect solution, and what a wonderful experience it must have been to share in the star gazing! 
      How are you getting on with your daily tweaks at the moment? Still going strong?

      Reply Like
      • BajaChica
      • Purple_Memory.1
      • 1 yr ago
      • 2
      • Reported - view

      Winterlover Well, I've kind of hit a wall...was so excited to get funds in at the beginning of the month and couldn't wait to fund some "true expenses" but alas, once I made all the payments for my credit cards there wasn't a cent left...wondering how I'm every going to fund those true expenses. Then along came an opportunity to do some extra work for a client at a reduced rate, but reduced is better than nothing and he grabbed the opportunity. So I'm feeling like maybe once these funds come in I'll have a teeny bit of wiggle room. Thanks for asking, btw, people are so supportive in this group, it helps so much, especially right now.

      Reply Like 2
    • BajaChica sounds like tough times, but like you're saying: a reduced rate is better than nothing, and maybe more work will follow from this same client or because he's happy with your work and tells others!
      Were your credit card bills the first ones that were due? It's important to look at what your money needs to do before new money comes in: which expenses do you need to pay first? I hope this helps, if only a little!

      Reply Like
      • BajaChica
      • Purple_Memory.1
      • 1 yr ago
      • 2
      • Reported - view

      Winterlover yep- only paid the ones that were due before we get paid again. We’re drowning in debt and I’m so hoping this program will help. Just being super focused is helping me. There’s a girl’s shopping party tomorrow night and I was just going to go and socialize but I think I’ll just stay home and remove the temptation 

      Reply Like 2
    • BajaChica I'm sure it will help you! 
      Well done on not going to that party! 
      You'll feel so much joy when new payments come in, because then you can give that money new jobs!

      Reply Like 1
    • BajaChica It's tough avoiding social situations, especially around people with more money....or do they?

      Reply Like
  • I have a zillion bank/savings accounts. Some I use to accumulate funds for future bills, i.e. True Expenses so I decided to do some consolidating and see if I could truly budget with YNAB to fund those needs. I closed my holiday savings account and set it up on YNAB as a True Expense with a monthly funding amount so I'll see if that actually works for me and if so I'll close out my annual lease savings account too. I also closed a savings account that had a  low required minimum balance and used those funds to fund my True Expenses that I haven't been able to put a penny too. So I'm feeling like I'm moving in the right direction, even if it is in inches!

    Reply Like 5
    • BajaChica Well done! It can be so helpful just to have the overview/insights in YNAB!

      Reply Like
  • I filed the on-line claim for physiotherapy services right after my appointment.  No more letting the invoices pile up and then forgetting to file them.  Only took a couple of minutes and the money will be back in my account in a couple of days!

    Reply Like 6
    • Frugalflamesfan Nice! And a better way to make sure they all get filed instead of forgotten and never paid back!

      Reply Like
    • Frugalflamesfan Nicely done! I'm so bad about that. In fact, YNAB put all my reimbursements as income for July, when really they were just on my MSCD for the past 6 months. I'll be better now. :)

      Reply Like
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