I don't hate budgeting anymore

I have been following Dave Ramsey for over a decade. A lot of his advice resonates with me, but I have never been able to stick to his Baby Steps plan because it is so rigid and "life" kept happening. Anyway, this covid pandemic had me fed up with my "sort of/not really" budgeting plan and I decided to really commit to something. Anything. I needed to know what was going on in real time, and have the transactions import to an app automatically because my husband and I share both a checking account and the habit of forgetting things.

I tried the Ramsey app first, but my bank wasn't supported. I tried all sorts of others (Mint, etc.) and they don't support my bank either! I love my local bank and leaving them is not happening, so YNAB was my last chance. I said a little prayer and gave it a shot....it connected!!! I did a happy dance and started connecting everything else. The only one that didn't work was Capital One, which is NBD because it's just an auto loan and easy to track unlinked.

Now I can see my entire financial picture in one place. That has NEVER been possible before! My net worth was disappointing (hello there student loans), but I didn't even let it get to me because now that I KNOW, I can do something about it!

I had no idea what was going on with this "different" way of budgeting in YNAB, but I was determined to learn it so I could make this app work for me. Every time I learn something, it just CLICKS. My brain loves this. My husband loves it too because I'm not so stressed about the finances. I put the app on his phone too so he can finally understand what is going on in real time. He really appreciates the whole "budget with money you actually HAVE" concept. It seems so obvious to do it that way now, but I'm 35 years old and I never have before. 

I am a YNABer for life now...already set up my yearly subscription!

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  • Welcome to the wonderful world of YNAB budgeting!

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  • Welcome!  I had a bit of background with Ramsey as well, and started doing a "modified Ramsey" budget before I found YNAB.  Now that I've been with YNAB for over a year, I can say that I'm doing better with money than I ever did before.  Using the money you have, and "It's gotta come from somewhere" concepts were the biggest keys to helping us get and stay onboard.  So obvious, yet why does nobody ever think of it?!  I used to budget with money that hadn't come in yet, and when I went over, didn't know where to pull from (other than maybe just a little further in debt to my CC...

    So much better this way.  So, welcome, and I hope you continue to have many great successes with YNAB.

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    • TechieM2
    • IT Professional and General Geek
    • techiem2
    • 5 mths ago
    • Reported - view

    Welcome!

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  • Welcome also, YNAB is definitely a game changer.  Our net worth has kept climbing since we started using YNAB in 2013.

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  • Don’t want to bash Dave Ramsey, but as you said life kept happening and because his program is so rigid it just wasn’t a good fit. I definitely am thankful I didn’t have any debt when the financial crisis hit, but it wasn’t a sustainable way to live life. There’s a lot of other criticisms, but in the interest of staying positive I’ll leave it that.

    Like 1
  • I have been and still am following Dave Ramsey. I like to listen to his podcast to help me stay motivated. I think he is great, but not everyone fits one category. I've only been using YNAB for 3 weeks now, and man i do love it.  I kind of felt like i was cheating on Dave LOL. Glad I'm not the only one who's followed Dave Ramsey and went with YNAB  for budgeting and getting life together. 

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      • Bruce
      • Software Engineer
      • Bruce
      • 2 mths ago
      • 1
      • Reported - view
      Jessie Madden said:
      I've only been using YNAB for 3 weeks now, and man i do love it.  I kind of felt like i was cheating on Dave LOL.

       Yes, I get it.  Glad you've found YNAB, and I'm sure that even in the 3 weeks you've been here, you've  noticed a difference.  There's nothing saying that you can't still "follow Dave" while utilizing YNAB.  You'll find a balance.  He advocates for saving for things that you know are coming (like kids clothing, Christmas, etc.) and YNAB has a fantastic way of doing that, with the True Expenses.  I think it's even better than just the general "$1000 baby Emergency Fund" though, because this way your money is accounted for specifically, and actually reduces the need for a "Emergency Fund" because you've got all these little EF's for specific reasons.  

      So, don't feel too bad, you're not really cheating on Dave, you're simply finding a better way to implement some of his "teachings" and as you get more into it, you'll let some of the strictness slide, and find yourself happier, and in a better place with more smoothly running budget than you ever thought possible.

      Like 1
  • I came from Dave Ramsey's plan too, but I've since modified it to be my own plan.  I think he's great for some people, but his way of viewing finances is very dogmatic and not everyone likes to be told they have to do things his way without any options.  But for those it works for, great!  They will be in much better shape than the average.

    FYI, I actually did the full plan and closed all my credit cards last summer, but regretted it within 6 months and have since been using my credit cards the YNAB way, to spend money on already budgeted for expenses.  So if you haven't done that yet, please don't.  Dave Ramsey can afford low credit to affect his insurance rates and other things that credit affects these days, but I'm not willing to pay more for insurance for dogmatic reasons.

    Welcome to YNAB!  There's so much to learn, just be patient and keep coming on here to learn more.  I've learned so much more from the forums than from just using the app.  Good luck in your journey to financial peace!

    Like 1
  • I've always hated dealing with money. I have a graduate degree in management. I forecast for days with other people's money. When it comes to my own I sucked. I always felt overwhelmed. I tried YNAB a couple of times and gave up bc I didn't immediately understand it and it did not look like any budget I've seen. I just started a new job making more money than I've ever made in my life. I decided that I was going to be in control of this "new" money. I thought I'd give YNAB another try, since Mint is useless to me. This time I watched the videos and tutorials until I figured it out. Now I'm obsessed. I look at my budget every morning, take care of anything that needs it and I'm done. It takes a few minutes. I heard a podcast where Jesse was talking about how he did that for his family and it was helpful for him. Anyway, I just thought this would be a good habit to get into. I love knowing I'm in control. I'm only a week in but something clicked and I know I will never go back to not being in control of my money. Nothing beats that feeling for me. I never realized how much anxiety bI actually felt bc of my inability to master my own damn money. It feels good. Really good.

    Like 6
    • BlueBayoo I love that you've found that feeling! Budgeting with YNAB can take some mental shifting, but it can pay off in the best way! :)

      P.S. Welcome to the forum! We hope you'll stick around - maybe start a journal

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      BlueBayoo Welcome to the... light side! 😁

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