I'm a newbie. We get paid on the first of the month and usually by the 3rd to 6th all the money is gone. I signed up for YNAB n the 6th and it is the 13th of the month and we still have money in the bank!!!! WOW.
satcookFaness Thank you. I am very excited about finally having a budget program that makes sense and works. I wish I had learned about this in my 20s instead of my 50s! But, hey, better late than never. I am going to gift this to my son so he doesn't have to live paycheque to paycheque like his parents have for years and years. Thanks for the warm welcome. I truly appreciate it.
Ana Tirolese Some of us come to YNAB even beyond our 50's. It's never too late to learn from our mistakes. Congratulations on your progress. And, as others have said, you are only at the beginning of your journey. Things get so much better with time, as long as you follow the program and put in the work to reach your goals. I'm very grateful I found the program when I did. Earlier would have been better and at least I found it. Can't help but wonder sometimes, what if I had found this in my 20's or even 30's? I'm jealous of the young people here who are very blessed to have found it when they did. My life would have been very different if I had found this program back then. Keep reminding my self, best time to start budgeting is when starting a working career, second best time is today.
MsTJ I hear you! I'm creeping up to my 60s, and my Sweet Husband is in his 60s. He is retired, and I am coming off a long illness. He has an okay pension from when he was working, but there are no retirement savings. I can only work from home in a flexible environment, so I barely bring in an income but hope to do better with a direct selling business as my strength and stamina increase. Yes, it would have been great if I had found YNAB while we both worked. It would have been great if they taught you financial responsibility and budgeting at school (my parents were worse than we are, and his parents never discussed finances). Finances are tight; however, for the first time in my life, I have hope.
Rick, I tried the envelope method but I found I could not sustain it as no one in my immediate family had enough self-control to not dip into the envelopes "just this once." I like that with YNAB I can view what I have and what I've spent electronically. This system is similar to the envelope method but more challenging to access funds without seeing its consequences. And, now I know how much is available in each envelope at a glance and know which envelopes cannot or should not be touched (ie, rent, car insurance, etc.) and which can be (ie, dining out fund) if something comes up.
Ana Tirolese One nice thing is that you can transfer from envelope to envelope. If I had a car repair bill, I could take it from the vacation envelope. So, that's OK. But, the online version is so much better than paper, pencil and, for sure, an eraser!