Complacency

I have been using YNAB for over a year and in the beginning it was such a game changer and I really stuck to my budget. I feel over the last few months I have become more lax on moving funds around and in doing so, my grocery budget, my eating out budget and family fun have grown and grown, and my sinking funds for the future haven't grown as I would have liked. I am still making progress, but when I look at my first 6 months, if I had continued in that mind-set, I would be so much closer to being completely out from under my student loans. 

Any advice on how to get that fire reignited? 

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    • Kevingcp
    • Associate Budget Analyst for the California Department of Parks and Recreation, musician, lover of doggos
    • Kevingcp
    • 2 yrs ago
    • 7
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    Can you find a short term goal - 1-3 months - that you can attainably hit?  I've been doing that for my EF/Debt payoff...Say...by the first quarter of next year, I want $1200 debt paid off, and $600 saved up in the EF.  That way I know what goals to set in YNAB and hit them.

    I agree with you though, I've been complacent before but adding new financial goals for those small victories really helps keep things fresh.  Sometimes I look at my networth chart and ask myself, "What I can I do better to make that networth a little bit more over the next few months?"

    Hope this helps.  Best of luck!

    Like 7
  • I've used a spending freeze before to help me with that "lifestyle creep." I choose a month, and call it a Buy Nothing Month -- no dining out, no small purchases, no movies, nothing except groceries, medicine, and other absolute necessities. (It's only for 30 days!)

     

    I get creative, taking the kids to the park, using what I have instead of buying something new. Then, when the month is over, a smaller budget feels like a lot to me. That's one idea, let me know if you try it! 😀

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      • Lady M
      • Pink_Mainframe_fb373478
      • 2 yrs ago
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      Jen - YNAB Team  I need the extra little push as we get into the holiday season. I think November will be my No Spend Month.  :) It normally helps me get back in the mindset and after I stop the small things, like spotify, I normally dont miss them by the end of the month. 

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      • Jen
      • Budget Expert
      • Jen_c
      • 2 yrs ago
      • 1
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      Pink Mainframe (fb3734788335) Oh, I'm tickled you'll try it out! Please do let us know how it goes. November is a gutsy month to take the leap! 💪🏼  You can do it!

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      • waterkip
      • waterkip
      • 2 yrs ago
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      Jen - YNAB Team 

      Do you also cancel subscriptions and such?

      I might try it for a month. Perhaps I should do it in my fast month (no meat, no alcohol). Makes sense right, no netflix subscription, no fun money,no dating money.

       

      Do you keep funding categories? Eg clothing categories, I hardly buy clothes but I do fund a category. During a no spend month, would you not fund it?

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      • Jen
      • Budget Expert
      • Jen_c
      • 2 yrs ago
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      Aquamarine Projector (06301fec84d8) Good questions!

      You could, of course, get extreme with it and cancel subscriptions -- I find that to be more of a pain and I like to keep it simple. Of course, I know a lot of those will let you put the subscription on hold for a month easily.

      I do keep funding True Expenses categories -- for example, I have a category for Summer Camp. I set a Category Balance by Date goal so I need to keep budgeting to it so I'll be ready when those are due to be paid next year.

      Categories like Toiletries and Household, though, I don't fund. I've even done spending freezes for just some categories before.

      Let us know how it goes!

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    • Jen - YNAB Team  That is a great idea and I have thought about it a few times and never actually gone forward. I think November might be the month to start. I will talk to my husband and give it a shot! Thanks for the idea. 

      Like 3
    • Jen - YNAB Team I'm totally going to do this for November! My Clothing and Dining Out categories have creeped upwards consistently over the last few months and I think a refresh and some discipline will be nice!

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  • I find that I tend to get more complacent with the use of credit cards. I pay them off each month, but it just makes me feel invincible for some reason. I think I am going to do a no cc spend month. I like to see the large bank balance and, by simply not using the cc, and just use my cash and debit card, I will think twice about spending because my balance goes down immediately, rather than just once a month. I think I'll be less likely to spend just by making that one change. We'll see, wish me luck!

    Like 3
  • I renamed some categories to make me think more about spending.  Black Hole of Cable/Internet finally prompted me to call Comcast and downgrade.  Apocalypse Please (yes MUSE) makes me think twice before borrowing from my Emergency Fund.  I think I'm going to head over and rename groceries to "Groceries? Be honest.  You are at Target."

    Like 6
    • Coral Foal (ff1b63999cea) I totally need to do this to remind myself where I'm being wasteful.. I love the "Groceries? Be honest. You are at Target" name. That's totally me.. LOL

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