How can I find a budget partner?

My friend is excellent at budgeting and I've been waiting for a year to learn from him.  Not only to learn, but to have accountability and such.  He has been occupied with his job for over a year now which has demanded much more of his time and now I don't know what to do.

How can I find a budget partner who can help me do better in this regard particularly with using YNAB?

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    • MsTJ
    • YNAB has given me back my future
    • Believer_in_YNAb
    • 2 yrs ago
    • 1
    • Reported - view

    I'm positive you will find the help you need here.  Just get started and when you run into problems, post your question.  A journal is helpful to let others see what you have done, and plan to do.

    Highly recommend you take the classes and read some of the manual. Here is a link to the classes page https://www.youneedabudget.com/classes/ . I still attend the classes, 3 years in, and learn from most of them. Both of these will help you get started. After that it's a matter of identifying your goals and working toward them.

    You can do this.

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  • Post away, we're all happy to collectively be your budget partner, if you like! :)

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  • As embarrassing as it is to say, I almost need someone to hold my hand.  I've had a lifetime of impulse buying and horrible budgeting that I can watch a course but get overwhelmed when putting into practice.

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    • Boyd Gross II Small steps to begin with, you can't change longtime habits overnight but you can start putting some basics in place that enable each step of the change and make it less daunting. 

      Just a suggestion:

      1. First step is just to ensure all your accounts / debts etc are recorded on YNAB and all transaction are recorded even if you don't change your spending habits initially.

      2. Adjust and play with the budget and just aim to get through one full month of recording all spending and categorising it.

      3. If you are spending more than your income, that is the first to address, bring your spending down to no more than your income so you aren't going further into debt,

      4. Check YNAB before any purchase to see what is available in that category before buying something. Ask if you will have enough until you next fund the category - quiz yourself before each spend.

      5. After a couple of months you will have enough data to start examining your spending and looking at what categories you can reduce. Setting you categories in order of importance helps, the top categories for essentials such as rent, fuel and food, bottom categories for luxury and impulsive spending. Gradually reduce the funding spending within the lower priority categories.

      6. Use that surplus to pay down debt and build an emergency fund. Don't over pay debt and then re-borrow when you run out, try to keep a decent buffer.

      7. If you find impulse buying is continuing, consider moving some money to more difficult to access accounts, I have my emergency fund in an account that takes about 2 days to transfer from to reduce the temptation to dip into it for non-emergencies.

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      • Kate
      • Joyful Technical Writer 🌴
      • sweet_sunshine
      • 2 yrs ago
      • 1
      • Reported - view

      Aquamarine Storm (67697f3db38d) Such good advice! 

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    • Kate
    • Joyful Technical Writer 🌴
    • sweet_sunshine
    • 2 yrs ago
    • Reported - view

    Listen to The New York Time's podcast "Change Agent"! You might find some useful advice to stop impulse buying!

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  • Boyd Gross II I really get this! I've tried hard to find an accountability partner among my friends and generally, they don't have the same sort of concerns around spending that I do, so they don't really see the point. 

    Have you considered debtors anonymous? They have multiple daily phone meetings you can join in from all over the world, or maybe there are in person meetings where you life? 

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      • Kate
      • Joyful Technical Writer 🌴
      • sweet_sunshine
      • 2 yrs ago
      • Reported - view

      ungifted Oh wow, I didn't know that was a thing.

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