Here's the thing. Being able to see on your screen EXACTLY how much money you spent in a month is already LIFE CHANGING. I never EVER got to see it at a glance. I always had estimates of course, but seeing it all broken down into categories and sub-categories, and being able to see the exact amount is very eye opening.

I can already see where I'm going to spend less, and I'm looking for ways to save some more, 100 bucks here, 200 bucks there, to get to where I wanna be (debt free by the end of 2021).

YNAB's approach to the "emergency fund" is what I needed. It makes MUCH MORE SENSE than other sources' approach to the same concept. True Expenses / Debt Prevention is, in my opinion, a much more effective strategy, since you know exactly what's considered an emergency, and what isn't... And if you didn't think of something to include in there? You go to YNAB and include it, and fund it. That's it!

It's so simple, yet so effective, it's actually really crazy.

I'm thankful for this. It's been a month only, and I can't wait for my next paycheck to see where the money is going to go. My "Age of Money" says 26 days, but I have no idea how that algorithm works, or how that's calculated, but seeing that number go to nearly 30 days is nice. Not gonna lie.

I love this. I just wish I could have found it sooner!

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  • Even better than seeing where your money went is planning on how your money can best be spent and saved before you spend it. There is no better way to optimize your finances.

    Congrats on finding YNAB and welcome!

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  • Glad you're enjoying YNAB!

    Age of Money is a bit of a funny statistic.

    I don't fully understand it myself, but I believe it is the longest time a dollar has been in your account. If you are saving for a big purchase/expense it goes up rapidly, but when you pay off that expense it will drop.

    That isn't a bad thing at all. I was saving over 6 months to pay off my tax bill this month. My AOM went up to about 60 days, now it's dropped back to 10. The reason? I pretty much wiped out all of the money in the bank paying off that debt, and I was paid 10 days ago.

    It indicates that I am living paycheck-to-paycheck. Effectively if I don't get paid this month, that's it - I won't be able to cover my expenses next month. For me, this was the real eye-opener of YNAB.

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