YNAB's 2020 34 Day Challenge!
Happy New Year, YNABers!
Tomorrow, we'll be starting a brand new 34 day challenge to kick off your new year! Whether you're brand new to budgeting or are a seasoned pro, we'll have little prompts for you everyday to connect with your budget and start the year off right.
No need to sign up anywhere - I'll post the prompts in this thread every day and feel free to leave a comment with your reflections or thoughts if you'd like to participate.
Ps. Where possible, click Reply on the main post for the day you're replying to so we can keep things threaded and folks can continue to join in!
If you normally budget on your phone, then try our web app - or vica versa!
Did you know that, in addition to our web and mobile apps, YNAB also plays with Alexa and the Apple watch? Well, if you don’t know, now you know … and you can budget wherever it makes sense for you!
And, if you’re feeling adventurous, check out the full ecosystem! Learn more about all of our official apps, here.
They have a way of sneaking into your budget over time. Give your budget a once-over, and fine-tune as needed.
Life changes and so will your budget! And that’s why it’s important to keep an eye on your category structure—because every category should support your big-picture financial goals. Let’s take a look at how this works …
Now give your budget a once-over, and fine-tune as needed.
Spend a few minutes reading Are Your Budget Categories Earning Their Keep?
Crack open your YNAB account, and navigate over to your reports. Stay positive, and use the reports to inspire action
So, now that you’ve been budgeting for a bit, it’s a good time to assess your spending trends. YNAB makes this easy with reports that show you, at a glance, exactly where all of your money goes and how your choices affect your net worth. Just remember, guilt will get you nowhere..
Learn more about Reports!
Review the data—where and how much you spent on food—and assess what you’d like to change, and budget accordingly. Be realistic.
It’s easier than you’d think to eat your way through all of your spare cash. That’s why, today, we’re going to look at how you divvy up your food budget—specifically, how much you spend on groceries versus eating out. But, more importantly, let’s examine how your food spending aligns with your big-picture goals.
Take a look at your food transactions for January:
- On the web app, click on the number in the activity column for your “Dining Out” and “Groceries” categories.
- On mobile, tap the name of the category, tap “Details,” and then tap "Activity for Jan".
If you know it’ll be impossible to completely quit eating on the go, then make room in your budget. If you spot a problem area, then consider creating a separate category to track just that type of spending (e.g., to-go coffees or weeknight dinners).
It’s nearly time to start a fresh, new month! Reassess how your budget is working—does it support your long-term, financial goals?
With a new month comes new bills and expenses. If you have any dollars left in your categories from last month, they’re still ready and waiting. If you spent all of your budgeted funds, you’ll have a gray zero in your available funds. The question is, how will you budget for February?
How did you do? Are there any categories that need more dollars the next time around? Are there any areas where you need to cut back? Let’s look.
Learn more about the monthly rollover.
Schedule regular budget dates! Make them once a month, or every time you get paid. Just be sure to make them!
If you share your finances with a partner and want to supercharge your budgeting results, it’s very helpful if you’re both on the same page. The best way to get there is by holding a budget meeting. Make it fun while you’re at it! You’ll be amazed at what a difference it makes to discuss your financial goals as a team.
Read our Join Forces guide, immediately. Or check out How to Budget as a Couple Without Driving Your Better Half Bananas. You’ll thank yourself.
Share your unique referral link with friends and, if they subscribe, you both get a free month of YNAB.
Log into your account details to find your referral link. When you subscribe to YNAB, you can!
Why wouldn’t you want to share the bliss that is budgeting? We’re not sure, but now it’s even more rewarding to spread financial peace—if your friends subscribe using your unique referral link, you both get a free month of YNAB, on us!
Check out the full details here.
Grab your bookmark, and check out You Need A Budget at your local library!
Whether you need a budget brush-up, could use a serious pep-talk, or require a solid walk-through on YNAB’s method, you’re bound to enjoy You Need A Budget—the book. That’s right, YNAB is also available in book form …
Or, if you’d prefer your very own copy, you can pick one up here.
You might still be chipping away at your big-picture, financial goals, but one thing’s for sure. If you’ve hung around for this entire, 34-day challenge, you’ve got the dedication it takes to make true, lasting change for the better. Well done! 👏👏👏
To reward you for your efforts and support you on your budgeting journey, how would you like to win a free year of YNAB? You can enter to win by giving us feedback on this challenge.
First, fill out this quick, two-minute questionnaire (1 entry to win)
And, for a second chance at winning, tell us your story! Record a video of yourself, telling us all about your budgeting challenges, lessons learned and what keeps you motivated. Your video could appear in a future YNAB video to help spread the budgeting love!
The deadline to enter is February 12th, midnight, ET.
We’ll randomly select one lucky winner to receive a free year of YNAB, and announce the recipient in our February 17th Weekly Roundup! There’s no purchase necessary to win.