I am in "storm mode" as well and saving as much as I can from each paycheck. I started a month ahead fund and I am putting money into that fund from each paycheck to cover my bills in June. Stay safe and take care.
This is such a hard time right now, were on step 6 with only my husband's income but everything is on hold until this is all over. Such a crazy thing but we will all get through it.❤
YES YES YES - YNAB is incredible!! Coming to the end of my 34 day trial and there honestly wasn't that big of a learning curve for me because my "budget brain" already aligns with the concept of YNAB (which I think yours might too). Or it could be because I immediately started out watching Nick True's RU-vid videos and he explains everything so wonderfully. I highly recommend checking him out!! In YNAB, the goals and savings tracking is one of my favorite things. Also the fact that it has a feature for reconciling your bank register so you can actually TRUST the numbers in your budget! I can't say enough good things about it. It's totally worth it.
You're so sweet 😭 I've just been trying to get a filming setup at TJ's house and with all of the craziness going on I've been SUPER overwhelmed, as everyone has been I'm sure. But I have some videos planned that I'm excited to get up for you guys!
Alyssa Herbert I totally understand! Take your time! Please stay safe. I am essential in the hospital and it's scary every where. Great to see you online again ❤️. Prayers for you and your family.
missed your videos 💗 your budget looks great! $616 saved is awesome 🙂 also, i sometimes use capitalone360 for my digital envelopes, and it works great -- just make sure to open up a checkings instead of a savings if you plan to withdraw over six times a month bc they charge fees.
Not going to ther bank every other week to pull out money has been a change but I'm glad I use every dollar from Dave Ramsey. Then I know how much money I have for each category as long as I get receipts.
I love YNAB because I live so far from my credit union (and refuse to give my money to banks in fees) that I don't have access to a "free" ATM to get cash. It literally works the same as cash envelope budgeting, as long as you work the system. Sinking funds and everything can be there!
Unfortunately, I can't stop a certain debt during this pandemic. I allowed it to get to the point of wage garnishment, so it must be paid in May. Once done though, everything else will be fine.
Thank god for the stimulus check that came in because I put that towards my debt. I’m an essential employee (thank god) so I’m still paying my car debt off. I’m also saving at the same time as well. I also canceled a trip this year (I shouldn’t have been going anyway) I came to my senses and decided to cancel it and use all the money I saved for it towards my budget, so I’m set lmao.
Question about normal budgeting: I use Mint to track my spending and my partner and I split utility bills 50/50. The bills are in my name, so he gives me cash and I pay them online. What is the easiest way to budget for this? I pay half, but it shows on my account I paid the whole amount (which I technically do) and I have these weird deposits. I get confused when I look at my online account and I’m probably making it harder than it needs to be.
Is there any other non-bill spending that you can use cash for? Like groceries and whatnot? That way what you can do is however much cash he gives you, you can assign it to non-automatic bills. For example, lets say he gives you $500 a month for bills. Your total non-bill spending (and you can even include savings as well) is more than $500. That way, the money in your account, even though its technically from YOUR income and assigned to your other spending, you can replace it in your head and assign it as HIS part of utilities. That way, you can use the cash to make purchases or deposit it to your bank whenever youd like for savings/online purchases/sinking funds. Theres no automatic date set to that type of spending so you can put the cash in your bank whenever with no weirdness to your account.
I was going to finish one of my debts but now I am second guessing... But if I dont pay this debt, I will probably use the saved amount for other necessities. I was thinking, okay this amount of money is specifically saved for my credit cart and I can finally close it! Now I don't know what to do :( Thank you for teaching the method tho, hope you're having a good day!
Hi there! I think it all depends on the stability of your income to be honest. If your job is not looking great amidst the craziness I'd say save, but if you're thinking things will be stable for you I'd say pay off your debt at your own discretion! If I still had debt I'd be tempted to still pay on it too.
