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YNAB (You Need a Budget) Save 33%. Normally US$60.00 - Follow The Link and Pay Only US$40.00

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YNAB (You Need a Budget) Save 33%. Normally US$60.00 - Follow The Link and Pay Only US$40.00
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scarface on 15/05/2012 - 04:47 ynab.infusionsoft.com (308 clicks)
Last edited 15/05/2012 - 06:33

Since finding Ozbargain, the amount of Toys (some more useful than other) have quadrupled :-) Someone has to pay for all this stuff and the Amps keeping them going. So I finally decided this needs to be controlled.

I read about YNAB on a forum somewhere or it might have been on zenhabits.net. Anyway, when you sign up to the site (no need to buy the software), Jessie, the author, gives you clear instructions on the principles behind the program. It makes sense and is simple - I think there might lie the success. If I squint my eyes and look at the YNAB way, I suspect after a few months, you will have budgeting and saving mastered and move on to bigger things.

Also available is an iPhone and Android App. Waited a while - I was going to buy it before the end of the month, and see what happens :-) Anyway,

From the website:

Gain Total Control of Your Money
Stop living paycheck to paycheck, get out of debt, and save money faster with YNAB.

Google it and read some reviews - highly recommended software/methodology!

http://www.lifehack.org/articles/money/new-tools-for-the-new…

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closed Comments

  • David Hasslehoff on 15/05/2012 - 06:11
    +8

    My budget won't allow me to buy this.

  • zgzxxnagxydvk on 15/05/2012 - 06:28
    +3

    Obvious sock puppet is obvious.

    • zgzxxnagxydvk on 15/05/2012 - 07:00
      +1

      lol it was edited due to being called out

  • ozy on 15/05/2012 - 07:20

    Hi jessie, the all knowing Guru
    $40 doesn't sound like an OZBargain to me…
    How about Free? Free because the advertising on OZBargain should have been worth $40 anyway.

  • onlyletters on 15/05/2012 - 07:31
    +2

    not a bargain

    Mod: Please read our voting guidelines. Negative vote removed.

    • ShortyX on 17/05/2012 - 21:22

      It's free for a reason…not even a comparison with YNAB.

      The free is only good for very basic budgeting but the power lies in tracking every transaction.

  • anthman on 15/05/2012 - 08:21
    +1

    from the review:
    The whole idea though with YNAB, rather than just following a simple budget, is to build up your “YNAB Buffer” where you will use it to eventually pay next month’s bills with this month’s money. This “Buffer” allows you to not get into the “not-enough-money-at-the-end-of-the-month” phenomena and helps relieve a bunch of tension in your life, especially if you have been struggling with keeping track of your money. It took me about 4 months to get my “YNAB Buffer” setup, and I will tell you, the stress and pain of worrying about where my money for this month’s bills is going to be is gone because they were payed with last month’s money.

    Here is my free version, no downloads or sign ups required!

    1. identify all future reoccurring expenses and when they occur for a year
    2. sum and divide this by how often you get paid - this is your minimum buffer amount to put away. each pay cycle.
    3. pick out the expenses that occur early in the year, check that you will have accumulated enough buffer by then, adjust as needed. add whatever you don't spend in a pay cycle to a savings account or to the buffer.
    4. save!
    • ShortyX on 15/05/2012 - 09:41

      Good in theory but in practice, that wouldn't be manageable for us. We lump all our money into one account for our mortgage offset and YNAB helps us to determine how much we have allocated for each category at any one time as well as tracking EVERY transaction and transfer from or between our accounts. You could perhaps mimic YNAB using Excel (I think the creator actually did that for a while before YNAB) but could take a bit of work.

  • Commonwealth Pig on 15/05/2012 - 09:19
    +4

    If you are stupid enough to pay US $40 for this then you don't need a budget. You need a slap.

    Mod: Please read our voting guidelines. Negative vote removed.

    • scarface on 15/05/2012 - 22:22

      You want to come slap me? Budget for a few band aids, a a a and I can help you with your stuttering too

    • gordy_au on 15/05/2012 - 22:34
      +1

      how is this a bargain?

      Mod: Please read our voting guidelines. Negative vote removed.

  • ShortyX on 15/05/2012 - 09:26

    I have been a YNAB user since July last year and for us, it's been great and well worth the investment.

    As well as budgeting with categories, you enter every single transaction/transfer from all your accounts. The aim is to build up the buffer for the next month, but if you fail, the negative buffer is transferred into next month and you pretty much start fresh every month. Strict budgeting always fails and YNAB knows this and caters for it. The iPhone app is convenient as you can enter transactions on the go then sync them up with the desktop app later (we store our budget file in Dropbox but they are currently building a cloud version which should be released soon).

    I've posted on YNAB before…

    http://www.ozbargain.com.au/node/58318
    http://www.ozbargain.com.au/node/51612

    YNAB has been voted most popular personal finance software on lifehacker (http://lifehacker.com/5829256/most-popular-personal-finance-…) and it's had great reviews on other sites. If you need more discipline with money, it's worth giving the free trial a crack.

    I've recommended YNAB to a fair few people and a lot of them have become YNABers as well.

  • h4lcyon on 15/05/2012 - 09:47
    +1

    YNAB is good, and $40 is a decent price. You can always try it for free before you buy.

  • Postulative on 15/05/2012 - 21:08

    No I don't, I just need more money.

  • scarface on 15/05/2012 - 22:55

    A third off one of the best rated budgeting tools…I think it's a bargain, ask anyone that uses it.

  • SKiZO on 16/05/2012 - 13:40

    Still to find one of these budgeting programs that will link into Westpac or CBA, so I don't have to enter every transaction manually. Almost every transaction for us is on a card or online. Any recommendations?

    • h4lcyon on 16/05/2012 - 18:50

      You can download your transactions and import them.

      Otherwise if your looking for something online you could try Yodlee.com

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