The first question of the YNAB Method is “What does this money need to do before I get paid again?” Ask yourself that question and assign the money accordingly. When you get paid again, you’ll ask that question again! Remember, YNAB is an ongoing practice, not a set-it-and-forget...
How Credit Cards Work in YNAB Explains how we've designed YNAB to work with credit cards Do I Need to Assign Money Directly to My Credit Card Payment Category? Explains when to assign money to your spending categories and when to assign money directly to your credit card payment category How...
When you get paid, the money will show up in a “Ready to Assign” category and you can then decide exactly how you plan to use that money by assigning it to different categories. Let's say you get a paycheck for $2,000. You might assign $700 to pay next month's rent, then ...
How, exactly, do I get started? You’ll never be great at money unless you start. Everything else—the end of financial stress, getting ahead, unicorns and show ponies—will come later. But only if you start. (Not quitting is also important, but first we start.) So, let’s get to...
Budget shared expenses together:From here, Jack and Jill make decisions about how to assign the money in their joint account to the budget that they share. They would also work together to make decisions about their savings goals, long-term financial plans, and how to prioritize funding things...
The YNAB Method of giving every dollar a job is a proven process that aligns your money with what matters most to you. We call that spendfulness. It’s pretty simple: You assign every dollar you have to one of your expense categories in YNAB based on what’s important and when it’s...
You can assign money to that category for future loan payments, or hide the category if you'd like. How to Close a Loan Account Web iOS Android Hover your mouse pointer over the name of the loan account in the left sidebar. Click the edit (pencil) icon to bring up the Edit Account...
2. How Does YNAB Work? Unlike a lot of other budgeting tools,YNAB works by making you assign each free dollar to a category. This way, you can plan where your money is going to gobeforeyou spend it. YNAB’s philosophy is that you have to be intentional about making a plan and stick...
Starting with YNAB means beginning with how much money you’ve got in your bank account –not the paycheck you’ll be getting two weeks from now. Every time you’re paid, you need to assign those dollars jobs based on your immediate obligations. You’ll customize your monthly budget based...
YNAB encourages you to decide in advance where you will assign each dollar of your income. This change in approach can take a little getting used to, but that’s precisely the point. YNAB aims to change how you think about your money and how proactively you create spending plans. To bring...