Never Overdrafted Again AYNAB
AYNAB = After YNAB
Before YNAB, before I knew how to budget, my ex-wife and I had regular overdrafts which resulted in overdrafting fees. Maybe not every month but if I remember right, about 5 or 6 times a year, maybe more.
I can honestly say now since I got serious about YNAB 10 years ago that I have not overdrafted since. Not once. I'd call that a YNAB win.
Here, (maybe like everywhere) you have to apply for the option to overdraft. I've had the option for a long time and remember convincing my then boyfriend/now husband we should have the option on our shared account. Though not often, I used it as well...
The change for me came gradually, not exactly with YNAB, but looking back the change of perspective is big! With YNAB we won't ever be near overdraft!
Though while writing this I realise the change in interest has something to do with it too... Back then I moved everything possible to a savingsaccount. Now its hard to find one that's flexible and with high(er/ish) interest, so every thing stays in checking.
When I first got serious about YNAB at the beginning of last year, my first goal was to get through an entire month with no overdrafts. Not only was I able to do that my very first month, I also didn't have any overdrafts the entire year, and I haven't had any this year either. Such an amazing difference! Congrats and cheers to an entire decade of no overdrafts! That is a MASSIVE win! 👏👏👏