The Other Little Habits of Successful YNABers

Подписаться 141 тыс.

Просмотров 20 тыс.

50% 1

Last year, Ben and Ernie shared the 6 Habits of Successful YNABers, but there's a lot little things they do which have made them effective budgeters over the long run. Today they share those little habits, and Ben finally spends money out of a category he's been funding for a loooong time.
Ben and Ernie want to hear about your YNAB wins! Send them an email:
budgetnerds@youneedabudget.com
Timestamps:
0:00 Intro
1:50 Review of The Six Habits of Successful YNABers
3:27 Reconcile frequently
9:12 Simplify
13:30 Coupons
19:35 Entering pending transactions
24:35 Making lists
29:40 Automate paying bills
33:30 Habit stacking, consume personal finance content, and hang out in YNAB communities
37:01 Quickly address anything in the budget that needs attention
41:23 #YNABwins (plus a surprise win!)
Links:
The Six Habits of Successful YNABers: • The Six Habits of Succ...
__________
Sign up for YNAB’s weekly email newsletter with the week’s best budgeting wisdom and inspiration!
www.youneedabudget.com/weekly...
__________
Come say, "Hi!" on social:
Facebook: / iynab
Instagram: / youneedabudget
Twitter: / ynab
Listen to The You Need a Budget PODCAST here: www.youneedabudget.com/podcasts/
And read our BLOG here:
www.youneedabudget.com/blog/
#budgeting #youneedabudget #ynab

Опубликовано:

23 июл 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 85

@monicaa78 Год назад

Been using YNAB for a few months. Extreme learning curve. Watching tons of videos and making plenty of mistakes with the interface, but it is the best tool ever. I just went from free spirit to total budget nerd. 🤓

@christystewart5880 Год назад

I reconcile everyday when I wake up before I get out of bed. It takes me 5 min, usually less, because I don’t spend much. It helps remind me of my financial goals first thing in the morning and helps me stay on track with long term goals.

@nicolagerry1204 Год назад

My supermarket trick with my pre-schooler is to ask him if it's on the list, then if he insists on the non-list item, ask if that is going to be his one treat. If he asks for something else later like a pack of Oreos, I can ask if he wants to swap his corn chips with the Oreos as we only get one treat per shop.

@elizabaum Год назад

For me, there's no such thing as overspending a category - there is only needing to revise the budget based on my actual spending needs. Which, yes, is the same thing as covering an overspend, but a totally different mindset. YNAB (and budgeting) really clicked for me at the moment I *truly* grasped that my budget was a living thing that could change whenever I needed it to.

@YNABofficial Год назад

Agreed, it needs to be framed as a mindset shift! And I ❤the way you phrased it, "needing to revise the budget based on my actual spending needs" ~Ernie

@bcase5328 Год назад

For the kids: I would suggest labeled jars rather than envelopes. Jars are better for coins, clear so visible, more fun to dump out and count.

@YNABofficial Год назад

Agreed! We used jars until recently. It's especially good for very young kids who can't count the money. You can say when the jar fills up they get a toy or something. ~BenB

@petrina1026 Год назад

As a adult I was thinking of jars too

@jennivanhart3016 Год назад

maybe instead of having cash, use your many poker chips Ben! You have plenty lying around, and then you could exchange them for cash when your kids want to buy something!

@gingerbuckendahl3070 Год назад

My little hack is rounding my on-the-fly transactions to even dollars (if I don't remember the exact amount) and then flagging them with a purple flag. It keeps me on track and I fix it later. I just discovered the widget and it makes a huge difference to be able to see my top spending categories at a glance.

@Whtimiswhtugt Год назад

I work in a grocery store, I’m always telling people that coupons do not benefit the consumer 🤦‍♀️ lol. But there’s absolutely things that you can do to win the game. 🥳 good job!

@mamasquid1401 Год назад

1. I reconcile monthly, to my bank statement. Hardcore! 2. For anyone looking for an easy meal and grocery planner, I recommend the (paid) app Plan to Eat. You can clip recipes from anywhere on the Internet, schedule them on a calendar and then print a grocery list every week. There's even a handy cooking mode where it won't close the app on you in the middle of cooking. Try it out! 3. YNAB wins? We just budgeted out three months for the first time, fully funded our emergency fund (another three months' expenses) and thanks to Hannah's video about the costs of buying a home, I set up a new master category for a home purchase with all the necessary expense categories. We're on track to buy our first home in about three years! 4. Congrats on your new fridge! I have fridge envy. One of the conditions of the new house is one of those fridges with an ice machine in it. I am specifically earmarking funds for that!

@kristencurtis7410 Год назад

I’m so happy you are getting a new fridge Ben! Your stories about the old one were so funny. I have a freezer on bottom too and it’s great!

@dawnkoplitz1825 Год назад

Teaching your kids how to count money, coins and bills, is very valuable. I teach high school students in a summer program. This past summer I decided to add a money unit. I was surprised by the number of students that struggled to count out the amount of (Monopoly) money I requested from them. Some struggled with coins too. 😢

@jennivanhart3016 Год назад

Love these little habits. I always go through the Publix & CVS apps and I add ALL the coupons. We've also started lists for the markets and grocery stores we frequent for certain items and because my husband, me, and my (driving) teen have iphones, we can share the lists, add to them. These lists are where we note things that need to be picked up the next time someone is in the particular market's area of town - we have separate lists for Aldi, Publix, our favorite Indian food store, our favorite Asian food store, and our favorite Greek food store. We also maintain a list for our Farmer's market. This means if one of us is near a store and they have the time and we have money in the budget for groceries, they can pop in and grab (ONLY) what's on the list. Saves gas and time! If there is a deal/coupon on something, I'll add it to the list so the buyer knows to look for that, no deal no buy ;-). Ernie - I shop CVS like you shop Target - coupons, money back, my husband jokes CVS pays me to shop with them (almost true).

@YNABofficial Год назад

I love how dialed-in your system is! ~Ernie

@msmariasolis1 Год назад

Thank you for addressing the overspending. This is giving me confidence to look a my budget again and address my spending. I knew listening to y'all would pay off! 😂

@midnightbudgets Год назад

I'm on my 4th budget iteration rn and am really finding value in keeping it simple like the guys say. I feel the constraints allow for a more focused state of mind, and have been working on simplicity, at least for now.

@Green0Photon 27 дней назад

Freezer is on top because traditionally fridges were simpler and just had one condenser portion up top. Cold air falls, so it would circulate to the fridge part on the bottom. So things that needed to be frozen would be near the cold element and things that needed to be kept above freezing could be kept further away.

@YNABofficial 26 дней назад

The more you know 🌈 ⭐️ Thank you! ~Ernie

@amycreagh3108 Год назад

Thanks so much This is exactly the habits I'm trying to put in place to really have clarity about where I'm at financially

@matthewou Год назад

Fun episode. I too like freezers on the bottom, but I think the reason they were originally on the top is that cold air sinks. So they essentially made a freezer with a side effect that they could have a less cool area as well.

@jordanwilliams24 Год назад

I never had a bottom drawer freezer fridge until I bought my first fridge a couple years ago. TOTAL game-changer 💯

@octarinecx Год назад

Ever since I found out about YNAB I've notice I spend less eating out! Keep it up I love these very informative videos!

@lynnem8991 Год назад

I still reconcile once a month - which is when I feed my categories, 11.5 yrs on, have always manually enter transactions, from Australia so this was originally our only option anyway plus I prefer to continue this way. Thankfully, its very rare that my working and credit card accounts dont reconcile straight up. I will search and destroy if its out UNTIL I find the hiccup 😁 Transactions are mainly entered on the day or purchase or next day - bank > budget balances are checked weekly…all seems to flow well this way for me Have always said YNAB is our financial bible, now years down the track its also proven to be our financial freedom, so grateful 🥰

@elizabeth1234.. Год назад

My husband and I rolled into Costco (I'm on a scooter) and his first words as he stops in the middle of the entrance hallway was 'did you clip coupons?!'. I laugh and say yes I have the app and I clipped but I can clip as we go. He also loves target for the manufacturer coupons and store coupons (in the app) plus screenshots or pictures of lower prices on app AND price matching. We've also gotten into the habit of breaking apart our order if we're getting a gift card so we can use it on the next purchase. Now let me mention that we usually go when it's not busy because social Anxiety sucks so we're not blocking anyone. But I'm so proud of all that I've taught him.

@YNABofficial Год назад

Have you taught your husband so much that he'd say he's a budget nerd?!! 🤞 ~Ernie

@elizabeth1234.. Год назад

@@YNABofficial absolutely not. He looks at the back account and sees a hunk of money and wants to spend it without realizing what it's for

@jennivanhart3016 Год назад

@@elizabeth1234.. I have one of those too! YNAB protects us from spouses like that ;)

@elizabeth1234.. Год назад

@@jennivanhart3016 sorta. I think my siren screams are a better deterrent

@jennivanhart3016 Год назад

@@elizabeth1234.. 22 years of being together is also a good deterrent, he has learned to avoid my wrath (mostly) ;)

@Emseebee123 Год назад

The past few days starting YNAB I have been changing my budget for the better with every video I watch. Before YNAB I had a good system in place but it’s wasn’t reaching its potential. I actually have 9 checking accounts for each category of my sinking funds which also includes a CC payment holding account and a bills account. I was able to get my YNAB budget to be identical to my bank account with all my checking savings account. But I actually only am active in 2 a checking accounts. The bills account that bills that don’t accept my CC as payment such as my mortage pull from. And then my CC payment holding account. I pay everything with my CC (with the exception of the bills that I can’t use a CC). So just like the YNAB cc feature anytime I I use my Cc. I take the money from whatever fund I’m spending from and transfer it to that CCpayment holding act. I’m just so happy I found a budgeting program that allows me to customize my categories. I feel so much more in control more than ever with my money and a miracle that I have not spent any money in the last 4 days! I’m notorious for spending for things we don’t really need.

@davidk7des76 Год назад

I totally agree about the bottom freezer being life changing, I actually have dripped over 50 pounds since we got our bottom freezer fridge! (although I cant really say it was the fridge that did it)

@clarkeeclark Год назад

The freezer on top never made sense to me since heat rises. I'm no scientist or engineer, but it has to be more efficient to keep the freezer at the bottom!

@Green0Photon 27 дней назад

It's actually exactly the point. Heat rises, so on old units, you could get away with having only a single cold element up top. Have the hot air rise and cold air fall, and the cold air could circulate downwards. Nowadays that it's cheap enough to have multiple cooling elements, it's fine and easy to have it on the bottom. The drawer is also particularly efficient because then no cold air spills out, unlike the traditional top door swing and vertical split door swing fridges.

@virginiapricemomma Год назад

Ben’s new fridge!!! I literally clapped 😂 👏🏼 way to go Ben!!! I am completely with you on the freezer on top thing. My husband and I’s first two apartments has freezer on top fridges and its so impractical! #stopthebending 😅😂

@samwalker5748 Год назад

Fully agree Ben! Having the freezer up top is criminal!

@autumnthompson1448 Год назад

I love listening to you both. Is it possible to ever show what your budget looks like vs just talking about it. Maybe a fake account so we don't see your personal finances but seeing how you have it set up would be great for the visual learner.

@YNABofficial Год назад

I think we've shared screenshots of our budgets in the past, and I'm sure the time will come where we do it again! ~Ernie

@mariog7682 Год назад

The Chase offers are awesome. I combine them with Rakuten and I usually end up saving 10% +. Especially at Sam's, Rakuten gives 2 or 3% extra cash back.

@user-ti6xr3om6y 10 дней назад

A little late, but I automated my city bills by paying the company a year's worth of bill money based on last year's bills. I didn't want the electric company to "even out" my bill for me, so I guestimated how much each bill will be based on the highest balance and paid a year of that amount. Now I check my balance monthly and meanwhile I am saving for next year's electric in cash. It is keeping me aware of my usage, but not in a "frick I won't be able to afford my bill" way. Water and sewer is included in my rent but when I need to pay those I'll probably do the same.

@petrina1026 Год назад

Hi guys.i tried ynab 2xs. Would it make sense to enter the money that I want to watch. Making the process simple, Example. After I pay my major bills I have a catalog for miscellaneous so these funds can be entered in ynab then I can break them down. Because all my bills on ynab is too much for me.

@hostadaze Год назад

Awesome tips! Yes, freezer on the bottom. Mine is on the bottom and I wouldn’t have it any other way.

@YNABofficial Год назад

I actually can't wait! ~BenB

@vincentapa1376 Год назад

I am having a heart attack! The frig is coming. What is next? An ice maker?

@dawnkoplitz1825 Год назад

😂😂😂

@TwoPlusTwoEqualsFive32 Год назад

I found setting up my bank app to give me notifications for every transaction, that way whenever I purchase something I get a little popup saying the company and the amount and can just add it straight into YNAB. Reconciling my account is mostly just about the transactions I have missed or that are still pending in my account.

@dawnkoplitz1825 Год назад

Ben! Yay!🎉 A new frig!! You’ll love it!

@zilazilazila Год назад

I reconcile a lot too. I didn't understand the point until someone compared it to video games and save states. Once it clicked, that's when I transitioned to a YNABer. I wish I could explain this to 2018 me, but it's better now than never :) Reddit is such a wonderful place for YNAB questions and just rooting other people on with their journeys. Without the subreddit, I think I would have given up again!

@YNABofficial Год назад

Oh, I like that video games and save states analogy for reconciling! ~Ernie

@heatherfishbutt Год назад

I have an app that I enter car maintenance and fuel into, and it spews back data if mpg and cents spent per day/per mile. If I walk or bike somewhere I love calculating my miles and saving what I 'saved' on fuel

@YNABofficial Год назад

Ohhhh, that is so nerdy and fun! I might try it too. ~BenB

@gingerbuckendahl3070 Год назад

May I ask the app name? My husband would LOVE to use it. LOL

@heatherfishbutt Год назад

@@gingerbuckendahl3070 Drivvo

@Natazavrik Год назад

Gosh, it’s hard not to reconcile sometime by the end of the episode! 😂

@YNABofficial Год назад

🤣 ~Ernie

@thebluebell89 Год назад

Late to the party but at least I made it. I think the reason the freezers are on the top is because in the first few iterations they probably weren't so efficient, and cold air drops, so I'd theorise the cold from the freezer would assist in keeping the fridge cold too.... (I am not in any way smart enough to know for sure but it sounds good)

@Cclaudia228 Год назад

FINALLY Ben!!!! But, I need to see a photo of the fridge installed to believe it.

@bcase5328 Год назад

They put the freezer on top because they use the cold air from the freezer to take heat from the refrigerator section. Cold air sinks easily. (Hot air raises easily.)

@YNABofficial Год назад

@@bcase5328 See, I knew there had to be some kind of reason! Thanks. I guess the engineers figured out another way to do it now. :) ~BenB

@YNABofficial Год назад

I don't have the fridge yet! 😩We had a customer service debacle - I'll talk about it in a future episode. BUT it's supposed to be coming today, within a couple hours in fact! 😊 ~BenB Edit: It's in the house, but not in our kitchen. It's a long story, but it should be resolved this weekend. 🤞

@Loosgroov10 Год назад

I have a question for you guys. I have an unnatural fear of YNAB going down, or my local internet going down, or some other catastrophic internet debacle and then I won’t be able to see my category balances, etc. is there a way to like maybe monthly print something out as a back up? Or maybe to save a file weekly? Or something along those lines? Mostly just to get this worry out of my head.

@YNABofficial Год назад

Do you use the mobile app? You can access your balances even if you have bad cell reception or the WiFi is out. You could also take screenshots of those balances from your phone. If you're fully web-based, I think taking screenshots is probably the best way to go. Hope that helps! ~Ernie

@Loosgroov10 Год назад

@@YNABofficial I use both. Thank you! Screen shot is a great idea that I didn’t think of.

@mrrobinson10 Год назад

Which episode are y'all referring to about the tips for restaurants transactions? For when the pending transaction does not include the tip.. what do u do then?

@YNABofficial Год назад

I always enter the transaction myself with the full tip amount. It will match up when it imports. I don't remember which episode it was when we talked about it and I'm having some trouble finding it. Maybe Ernie remembers. ;) ~BenB

@YNABofficial Год назад

I think it's this episode! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-92CaYClGQUc.html ~Ernie

@stephaniegaddis1716 9 месяцев назад

It's one year later... I'm wondering if the handle on Ben's "new" fridge for the freezer is still attached. We had a bottom freezer with a houseful of little kids, so did a friend, and both of us had the handles break off because our small kids used it as a stool to get into the fridge part. Kids - why we don't have nice things. 😂

@YNABofficial 9 месяцев назад

Haha! Oh no. The handles survive ... for now. 😅 ~BenB

@Klw376 Год назад

Also from Lynchburg! 🙋🏻‍♀️

@Baoran Месяц назад

I have had ynab budget since 2015 and I have never had an error. When I reconcile it has always matched the actual account balance. That is why it has felt like it does not matter how often I reconcile and it has been rather random. Sometimes once a month sometime there has been 2-3 months between. Is my situation really that strange? If you are diligent with the transactions it removes the need to reconcile that often so if you would not be diligent it feels like it would just feel like you would be moving things you need to do to when you reconcile.

@jomar9024 Год назад

I agree with the other commenters. I would get some small mason jars that cost $1 each. This way, they visually see what they are saving. also I didn't finish the video but you're $25 savings from Target, did you transfer out into a coupon section the $25 savings?? Otherwise your budget's won't be a really true reflection of your spending.

@YarnFolk Год назад

Ben!! Has your doggo video-bombed in other episodes? I usually listen to the podcast, 🐶

@Freeber0436 Год назад

You have to try Trader Joe’s Rocket Crackers. Goldfish-like, taste better AND affordable (in comparison)!

@Tiredmum Год назад

Freezer is routinely on the bottom in the UK

@emilycrowe4625 Год назад

I was actually eating goldfish while watching the video.. yes I'm over 30 and they were leftover from a vacation we took with family that included our young nephew. Hah! Your videos always encourage me to stay engaged with the budget!

@dorvaan Год назад

"If I need to go to the bank and take out a bunch of $1 bills...." I wonder what category THAT falls under? Entertainment? :P

@YNABofficial Год назад

Nooooo not like that! 😂 It's for my kids' allowances, so like the exact opposite. haha! Turns out asking for 200 $1 bills at the bank is no big deal at all. Who knew? ~BenB

@Zeitlerchasedbybear 6 месяцев назад

Are you excited as Bo Hanson?

@camillaavila324 Год назад

What money app do you use

@quirkyblackenby Год назад

You need a budget. That’s what YNAB is

@hierarchyfinancebureau1369 Год назад

I always keep 1 active line of revenue and 1 non active line of revenue hence forecasting future months in extension to diversifying my accounts to ensure my financial reports are precisely in alignment with any activity occurring throughout the hour day week month quarter and year.

@petrina1026 Год назад

Update.since ynab is a helpful tracker I'll use paper and pen until I can try ynab again.

@dalistarkle Год назад

I hate coupons !!!

@dlbrowning9221 Год назад

We’ve used a great app called iAllowance to track our kids’ money since they were little. I have it set up to ‘deposit’ their allowances once a week - the get 50 cents per year per week. (So my 14 yo gets $7/week.) I’ve set it up so that the app divides it by percentage into spending, savings, and charity. But now that my oldest is driving, and making some money, we had to get him a checking account to make it easier for him to buy gas. I’m planning on getting him set up with YNAB this weekend!