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!
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.
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.
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.
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!