My budget would say Organic food DOES cost more and Girl, you KNOW you don't go anywhere since covid so why not put that extra in ur grocery budget🤔🤓 Hannah is DEFINITELY my favorite YNABer that I don't know personally❤
This video taught me that I have totally misunderstood the purpose of the “stuff I forgot to budget for” category as I’ve always used it to cover overspending. I just changed it to “🔮 Unforeseen Events” to give me a clearer prompt of the purpose of that category. Thanks Hannah!
The age of my money is going down and down and I see red and yellow everywhere 😂 just started budgeting in June 2022. It takes a while to fix the wreck of years not budgeting…I was behind on a few bills also… I will not give up!
Personal finance is personal - One of Jesse’s best lines. If my budget could talk it would say, “Wow, THAT’s what you spend on Christmas? Is everyone getting a gold bar in their stocking this year?”
Adeline (Adelaide?) might say: “I deal with a tremendous amount of clinically diagnosed anxiety in my life and knitting helps me slow down and focus on mindfulness.” ♥️
@@christineteffenhart5722 I need to add one of those I've just been using my "Fun Money" category because let's face it my fun money is either going for yarn or books
I always put the inflow from selling stuff secondhand into the same category I put the initial purchase in. If I bought some hiking boots for $200 and then sold them a few years later for $60, those boots didn't cost me $200; they cost me $140. If I had to ship them to a buyer, that postage would also go into that same category, where it would automatically be set against proceeds. For me, at least, things like postage almost always belong in another category based on why I'm mailing something, rather than its own Postage category. Sending a backpack in to the manufacturer for repairs under warranty? That goes in Gear-Travel, Sports, and Outdoors. Mailing a present to a family member? That postage goes in the relevant Gift category. Mailing a check to pay a parking fine? That goes in Idiot Tax.
Same thing here! If I spend $100 for a gift who cares how that money disperses: $70 - gift, $3 - wrapping and packaging, $17 - postage, or any other way. All this money is spent to make this present happen. I used to put postage charges into a postage category only when I had a small business and posted my staff and it was part of expenses that I needed to know of and calculate into the prices so that I run a business, not a charity.
For the love of Jigglypuff 😂 This is so important though. It makes people realize that it’s not about cutting the things you love, it’s about prioritizing them and making conscious decisions. 👍🏻👍🏻
My budget is saying "Do you REALLY need another Audible book...even if it IS "on sale" or the "Daily Deal" ? You still have over 50 books that you haven't listened to yet! There are so many hours in the day girl!"
I had to unsubscribe from the daily email. I just couldn't stop myself......$50 at least a month....is that really a savings? If I don't know about it that's 100% free
In my budget, Stuff I Forgot to Budget For is a category that has money in it, but I never actually categorize transactions to it. I only use it as a buffer and pull money from there as needed. Either transactions fit into my existing categories or I need to make a new category and budget for it if they don't!
This has been my strategy too. When I was first on YNAB, I budgeted a lot of funds to it. Now, after a year, it may only get $10/ pay period. (I’ve created so many categories over the year.)
1. How do I get a sweet YNAB mug. 2. My budget wants me to address interest and fees to make real progress on paying down my debt, BUT it also shows that I *can* continue seeing my trainer to work on my health. Phew.
So you're telling me that I SHOULDN'T keep lying to myself about only needing a 20 dollar eating out budget when I keep having to shift 20 more dollars over from the "stuff I forgot to budget for" category? What????
Thanks for the video! I actually had a bit of the opposite issue. I am super lazy about replacing my clothes, so I created a clothing category that I fund every month.. If the number gets too large, its a sign to replace some of my worn out clothes.
I have a separate category for Diet Coke, to try to keep that habit in line... and I don't budget anything to fast food - I call it "Lazy Food" and I'm forced to cover the overspending every single time I hit a drive-thru. It's all about awareness, amiright?
If I'm honest with myself, I should also make a Diet Coke budget. It makes up an embarrassing amount of my grocery budget, which means when I've spent all the grocery money I go get fast food instead of buying more groceries 🥴🤦♀️
If my budget could talk, it would ask why I've locked it in the closet for 6 weeks!!! So maybe I should open YNAB and update my budget and transactions!! BTW, awesome video Hannah. Very informative, personal, and motivational for being real with your personal finances!
Because of this video, I combed through my “Stuff I forgot to budget” since I started with YNAB and saw two new categories I should have created a while ago. One for my Halloween costumes for work (it’s a huge deal there) and one for postage/stamps. Thank you so much for the push in the right direction, Hannah! This clarity is mind blowing and yet another reason that if YNAB was a human being, I’d marry her.👍😘💜💕🥰🤗😁
That's a great practice!! Postage really gets me too. I sell a lot of my old clothes secondhand and shipping is not cheap!! It'd be best for me to just tuck a little money away each month, even if I don't sell or ship anything that month. -Hannah :)
Or better, what if I redirected a percentage of each sale into my shipping category? That way my sales fund their own shipping! Mmm, good thoughts a-brewin' over here... -Hannah :
There are also a lot of healthy discussions on budget categories on reddit (www.reddit.com/r/ynab). Specifically the " [Meta] Share Your Categories! Fortnightly thread for " , where people are encouraged to share their budget categories and then take in all the questions and comments. I've used that couple of times and it helped me shape my budget to where it is today. Not to say it'll never need any tweaking, but I am happy with where it is today :)
I have not reviewed my budget at all! I have scheduled some time this Sunday to go over my last 3 months statements and evaluate my spending habits. I know I'm spending quite a bit of money on Kindle Daily Deals!
I also like to monitor my average budgeted for various categories. Rather than saying, I'm going to spend X dollars less, my goal is a % lower average spending or at least stable spending. I don't worry so much about overspending tho. Our priorites are: budgeting savings, monthly pay down of credit card plus interest, funding fixed exps and increasing age of money (currently over 75 days). All the rest is sort of icing on the cake for us. This has allowed us to pay cash for two major appliance failures.
5:28 : My new mantra for "food from so far it hurts the planet", cookies, eating out... well, *food* . Last year (when we could go out..), my budget definitely learned me I was going totally *crazy* with that. I had sometimes 150/200€ eating out, with 20/25€ spent in average... 8 times in the month 😱 !! #socialdistancing is great on this matter. P.-s : I'm a frenchie and I loooove your subtitles. To understand allll the subtilities of budget, you know.
If my budget could talk it would tell everyone it met that I'm a risk-averse weirdo who loves to cook but would probably go hungry before giving up my monthly book budget. It would not be wrong.
Number of knitting-related categories in my budget - um....7. It has its own section. Great video though, and I definitely need to re-think my miscellaneous stuff. I have an unexpected expenses category, but I also have a "Margin of Error" category that I use to cover overspending, but I think maybe I need to get rid of it, or at least drastically reduce how much I'm putting in there.
Having seven knitting-related categories means you're DEFINITELY in tune with how much you prioritize that hobby and those dollars and that's great!! Also, having a "margin of error" category is definitely not a bad thing, but it does kind of give us permission to cheat for a bit. If I am choosing whether or not to overspend in another category, I should have to question where else I *won't* be spending money that month in order to move money to the category I'm considering overspending in. The "margin of error" category eliminates that idea of scarcity slightly since they're essentially "unassigned dollars." BUT, you also know your own budget and and your own life's needs and financial strategy, and I think you can definitely use a "margin of error" category really well and responsibly! Totally up to you! -Hannah :)
Hannah, I do the $$ in the house, money raises hubby's blood pressure :) Anyway, he's come a LONG way with using the app for purchases, which also helps him stay in the budget since the number stares back at him. But I still want to hide from myself because I can just blame him if we overspend categories. I would LOVE-LOVE-LOVE a video about sharing a video as a couple or family!
My sinking funds mess with my age of money. It’ll grow and grow, then we need a new transmission or a hale bale cradle for the cows. And boom, that age just went Benjamin Button. It’s a little painful. And FYI, I spend more on my animals than us... it’s ok, Hannah!
Who else immediately got distracted and had to go look up the prebiotic fiber tonic? Sooo, I've now got a case of Olipop on the way. lol May end up having that category too...
Oh my gosh Dawn, I am so into the Vintage Cola and Root Beer flavors 🥰 Orange Squeeze and Ginger Lemon are great too-not a big fan of strawberry or cherry. Let me know what you think!! Guilt-free soda! -Hannah :)
@@YNABofficial Haha - that is exactly how I expect that to go for me too. I ordered the variety pack so I can try them all. of course, right? Will let you know how it goes!
@@YNABofficial Hey, Hannah! So, here's the results after the variety pack :) Orange Squeeze is my favorite with the Strawberry as a (shocking!) 2nd. 😋 Root Beer was pretty good too. Didn't really care for Cola or Ginger Lemon (allergic to ginger though so probably shouldn't have even tried it - haha) and I couldn't even finish the Cherry.
I am definitely guilty of the consistently overspending in one category (and yes, it is eating out). And it's not a priority, it's really overspending because I give in to the craving. My question is, what tools are you using to get to the insight "I overspent on eating on 8 months in a row." Since I was trained early in my YNAB journey to immediately cover overspending and make the red go away. I know I'm doing this pretty often, but I certainly don't remember at the level of "uh oh, this is the 8th month in a row." I realize this is a question that gets asked a lot (new YNABers want to track overspending, wondering if they can leave the categories red). I don't want red categories, but is there a way I can use Reports, or an additional tool I can create outside of the app so I can hear what my budget wants to tell me? PS - love the gumball machine analogy, best explanation of Age of Money I've heard yet!
Hey Sasha! Best way I know how is by knowing how much you *want* to be spending in that category every month (let's say $50) and adding that to your category line as a constant reminder (i.e. "Dining Out - $50/mo). Allot $50 to it at the start of the month and cover overspending as it happens, just like you're doing. Then, when you peak at the "Activity" column in your "Dining Out" category, you can see how far over $50 you went (like maybe it says -$83.21-now I know I was spending about $33 over what I wanted to in that category). I'm not sure if there's a concrete way to see the overspent difference in reports, but if you look at your "Trends" for that category in the "Reports" tab, you can see how far you spent beyond the amount you wanted to spend. You may have to do a little math yourself to find out the *exact* amount you're overspending every month, but you can deduce most of what you need to from the visual itself! -Hannah :
Question for Hannah if she's reading the comments. In my budget, I have a category for eating out, and instead of a coffee one, I have 2 separate coffee categories (one for each other the 2 coffee shops I go to - Tim Horton's & Starbucks). If I go to Tim's and I get a proper meal - a bowl of soup or a sandwich - say because I need a quick light dinner before an early meeting - I count it against my 'eating out' budget. If I just go through the drive thru & I get a coffee or a cold drink, I count it against my 'coffee' budget. Is that cheating? I haven't gone over budget in any of the 3 categories by doing it this way. I admit I originally saw 'eating out' as being for sit down restaurants. With Covid that's not happening. I am more wondering if it is going to cause me issues post- Covid & if maybe I should get a handle on it now.
I'm not Hannah :) but it sounds like you've found a system that works for you! Those distinctions - eating out vs a just a drink - do make sense to me, especially if you tend to spend more in one area than you would like to.
Hey Tania! Totally up to you, but I do a similar thing! Just as much as I use my budget to keep my spending under control, I also use it to keep an eye on how *often* I'm spending on certain things (like my vice: coffee). So, if I go through a Scooter's drive thru and buy a latte and a burrito, I actually split the transactiono-$4.10 to my coffee category and $3.83 to the dining out category (can you tell I've done this a lot?). That way not only is the money getting allotted to the proper category, but I also have a way clearer picture of how often I'm consuming convenience coffee (I wouldn't get that kind of clarity if I blended them both together). If I lumped that latte into the dining out category or the burrito into the coffee category, it would mess with the information I'm trying to gather about myself. So, by categorizing a Tim Horton's meal to the dining out category instead of your Tim Horton's category, you're tracking what you actually *want* to be tracking (how often you're eating out and how much you're spending)-the location itself is less important. Plus, if you're curious how much you're spending at Tim Horton's, you can always type "Tim Horton" in the search bar and find the grand total there! I hope this helps! -Hannah :)
When I notice categories in the red, I move money to it so it's green. Should I be taking notes when this happens, or is there a better to keep the cats red while still accurately tracking?
Glad you mentioned social distancing, it’s only my first month budgeting and I feel like I’m doing well, but I’m also scared to come back to real life... hopefully I will have this budgeting down by then. Any tips on preparing to head back to “real life” when social pressures to be “social” come back...
i've got a "vacation" fund which, lets be honest, is going to be a catch-all for doing anything and everything post-covid. also started a post-covid list for all the things to look forward to. BTW i love you perspective because I too started budgeting during covid and now that you mention it, yeah, having a budget is one of the ways I'm going to emerge from this pandemic better than when i started
😂 I feel like all of us in 2023 should have that category. It's *way* too easy to do totally accidentally!! That's why we don't ask for your credit card info when you sign up for your free trial of YNAB-when the trial period runs out, your trial simply ends! No surprise fees! You can just mosey on with your life 😊 🌻 Hannah
True, or anything you're saving for that you finally purchase. That's why I wish you could choose to not include some (savings) categories because as is, Age of Money is a useless number to me. Hope your medical expenses were feasible and not ongoing.
This show is 80% of the reason I am watch this channel.
Ditto! More Hannah! 😁
Same
"This is not a lack of preparedness issue; this is an overspending issue." STOP ATTACKING ME HANNAH.
Lolol! That one got me as well! Dang! I have been found out!
My budget would say
Organic food DOES cost more and Girl, you KNOW you don't go anywhere since covid so why not put that extra in ur grocery budget🤔🤓
Hannah is DEFINITELY my favorite YNABer that I don't know personally❤
This video taught me that I have totally misunderstood the purpose of the “stuff I forgot to budget for” category as I’ve always used it to cover overspending. I just changed it to “🔮 Unforeseen Events” to give me a clearer prompt of the purpose of that category. Thanks Hannah!
Totally just changed my line item to this title! Thanks! It's perfect :) I sometimes used it to cover overspending too.
I just changed my category name too since I was using it to cover overspending much too often!
I call mine God Only Knows
The age of my money is going down and down and I see red and yellow everywhere 😂 just started budgeting in June 2022. It takes a while to fix the wreck of years not budgeting…I was behind on a few bills also… I will not give up!
Personal finance is personal - One of Jesse’s best lines. If my budget could talk it would say, “Wow, THAT’s what you spend on Christmas? Is everyone getting a gold bar in their stocking this year?”
Adeline (Adelaide?) might say: “I deal with a tremendous amount of clinically diagnosed anxiety in my life and knitting helps me slow down and focus on mindfulness.” ♥️
"And Adeline spent a lot of time knitting.... like a lot." **glances down at yarn in my hand** 👀 👀 🧶 🧶
hahahaha same!
The struggle is real
Same. Hannah I feel attacked. Do I have a yarn category in my budget? Yes. Yes I do.
I've got a knitting category too.
@@christineteffenhart5722 I need to add one of those I've just been using my "Fun Money" category because let's face it my fun money is either going for yarn or books
My take away from this video is to stop using my "forgot to budget" for my wine purchases. Fine a dedicated wine budget is born. lol
We need something like a "I wish I was better than this but I'm totally not and I'm embracing it" category
Mine is labeled, in honor of a friend of mine “Adult beverages”.
"Huh. I over spent on my eating out budget for the eighth month in a row."
Hannah calling me out before the masses! 😂
I always put the inflow from selling stuff secondhand into the same category I put the initial purchase in. If I bought some hiking boots for $200 and then sold them a few years later for $60, those boots didn't cost me $200; they cost me $140. If I had to ship them to a buyer, that postage would also go into that same category, where it would automatically be set against proceeds.
For me, at least, things like postage almost always belong in another category based on why I'm mailing something, rather than its own Postage category. Sending a backpack in to the manufacturer for repairs under warranty? That goes in Gear-Travel, Sports, and Outdoors. Mailing a present to a family member? That postage goes in the relevant Gift category. Mailing a check to pay a parking fine? That goes in Idiot Tax.
Same thing here! If I spend $100 for a gift who cares how that money disperses: $70 - gift, $3 - wrapping and packaging, $17 - postage, or any other way. All this money is spent to make this present happen. I used to put postage charges into a postage category only when I had a small business and posted my staff and it was part of expenses that I needed to know of and calculate into the prices so that I run a business, not a charity.
TBH, anyone I know that I showed my budget to they would be like "budget? What's that, I don't know what that is? Is that something at denny's"
For the love of Jigglypuff 😂
This is so important though. It makes people realize that it’s not about cutting the things you love, it’s about prioritizing them and making conscious decisions. 👍🏻👍🏻
I finally understand the age of money! Gumball analogy for the win!
My budget is saying "Do you REALLY need another Audible book...even if it IS "on sale" or the "Daily Deal" ? You still have over 50 books that you haven't listened to yet! There are so many hours in the day girl!"
That's what my budget tells me about plants...
-Hannah 🌻
I had to unsubscribe from the daily email. I just couldn't stop myself......$50 at least a month....is that really a savings? If I don't know about it that's 100% free
In my budget, Stuff I Forgot to Budget For is a category that has money in it, but I never actually categorize transactions to it. I only use it as a buffer and pull money from there as needed. Either transactions fit into my existing categories or I need to make a new category and budget for it if they don't!
This has been my strategy too. When I was first on YNAB, I budgeted a lot of funds to it. Now, after a year, it may only get $10/ pay period. (I’ve created so many categories over the year.)
Knitting is free therapy imho! Love you!
1. How do I get a sweet YNAB mug.
2. My budget wants me to address interest and fees to make real progress on paying down my debt, BUT it also shows that I *can* continue seeing my trainer to work on my health. Phew.
"Imagine this: you're in a room full of people"
Me: uh-oh
So you're telling me that I SHOULDN'T keep lying to myself about only needing a 20 dollar eating out budget when I keep having to shift 20 more dollars over from the "stuff I forgot to budget for" category? What????
My budget would tell me that I'm definitely focused on paying off debt, but that I tend to over spend in my eating out category lol.
That was my problem but since we started the 34 reset challenge my Grocery bill is up! Lol
That's my same issue 😆
Good for you!!
@@wllofton1 Thank you!!
@@drzflyest4 hahaha ikr!!
"My cup of joy in the morning"...that's been me for years. So spot on, and funny!
Thanks for the video! I actually had a bit of the opposite issue. I am super lazy about replacing my clothes, so I created a clothing category that I fund every month.. If the number gets too large, its a sign to replace some of my worn out clothes.
I have a separate category for Diet Coke, to try to keep that habit in line... and I don't budget anything to fast food - I call it "Lazy Food" and I'm forced to cover the overspending every single time I hit a drive-thru. It's all about awareness, amiright?
That's brilliant. I'm creating a new category called lazy food!!!
If I'm honest with myself, I should also make a Diet Coke budget. It makes up an embarrassing amount of my grocery budget, which means when I've spent all the grocery money I go get fast food instead of buying more groceries 🥴🤦♀️
If my budget could talk, it would ask why I've locked it in the closet for 6 weeks!!! So maybe I should open YNAB and update my budget and transactions!!
BTW, awesome video Hannah. Very informative, personal, and motivational for being real with your personal finances!
My budget: You 👏🏻 don’t 👏🏻 need 👏🏻 that
I’d just like to give a round of applause for this comment!!!! 🏆
THIS IS SO GOOD! Yes, I'm yelling... but it's excitement and enthusiasm, not anger. 😇
Because of this video, I combed through my “Stuff I forgot to budget” since I started with YNAB and saw two new categories I should have created a while ago.
One for my Halloween costumes for work (it’s a huge deal there) and one for postage/stamps.
Thank you so much for the push in the right direction, Hannah! This clarity is mind blowing and yet another reason that if YNAB was a human being, I’d marry her.👍😘💜💕🥰🤗😁
That's a great practice!! Postage really gets me too. I sell a lot of my old clothes secondhand and shipping is not cheap!! It'd be best for me to just tuck a little money away each month, even if I don't sell or ship anything that month.
-Hannah :)
Or better, what if I redirected a percentage of each sale into my shipping category? That way my sales fund their own shipping! Mmm, good thoughts a-brewin' over here...
-Hannah :
I feel personally attacked by this video. 🤣🤣🤣🤣
Great video as always Hannah! You made me realice I am "cheating on my self" with the miscellaneous category
These videos are so funny, well made and scripted and helpful, I LOVE YNAB
Agreed! Overall, for me, YNAB has successfully taken the 'ick' out of thinking about, interacting with, and planning for, money.
Ollipops are absolutely a necessity. Cherry Vanilla with unfiltered sake tastes literally exactly like a cherry pie. It’s magical.
Whoa, what is unfiltered sake?! Intriguing! My go-tos are root beer and cream soda 🤤
🌻 Hannah
What a great video, I learned so much about what my budget is telling me. I totally have been abusing my miscellaneous category!!
There are also a lot of healthy discussions on budget categories on reddit (www.reddit.com/r/ynab). Specifically the " [Meta] Share Your Categories! Fortnightly thread for " , where people are encouraged to share their budget categories and then take in all the questions and comments. I've used that couple of times and it helped me shape my budget to where it is today. Not to say it'll never need any tweaking, but I am happy with where it is today :)
Awesome video. You're so creative! Enjoyable AND instructive! You're my favorite YNABer with Ben and Ernie Budget Nerds a close second. ❤️
Awww, thanks Marni!! Glad to help! :)
🌻 Hannah
I have not reviewed my budget at all! I have scheduled some time this Sunday to go over my last 3 months statements and evaluate my spending habits. I know I'm spending quite a bit of money on Kindle Daily Deals!
Ooof, need to do this too
Kindle daily deals are my kryptoni😞
I also like to monitor my average budgeted for various categories. Rather than saying, I'm going to spend X dollars less, my goal is a % lower average spending or at least stable spending. I don't worry so much about overspending tho. Our priorites are: budgeting savings, monthly pay down of credit card plus interest, funding fixed exps and increasing age of money (currently over 75 days). All the rest is sort of icing on the cake for us. This has allowed us to pay cash for two major appliance failures.
5:28 : My new mantra for "food from so far it hurts the planet", cookies, eating out... well, *food* .
Last year (when we could go out..), my budget definitely learned me I was going totally *crazy* with that. I had sometimes 150/200€ eating out, with 20/25€ spent in average... 8 times in the month 😱 !!
#socialdistancing is great on this matter.
P.-s : I'm a frenchie and I loooove your subtitles. To understand allll the subtilities of budget, you know.
Love that mug... I hope there is something similar the next time y'all sell merch! 😁
If my budget could talk it would tell everyone it met that I'm a risk-averse weirdo who loves to cook but would probably go hungry before giving up my monthly book budget. It would not be wrong.
Always look forward to Hanna videos lol. Great Job
This definitely just made me think about what behaviors I have been doing and wow, time to check myself.
"For the love of jigglypuff" 😂
Hanna’s Videos are my absolute favorite 🤩
Number of knitting-related categories in my budget - um....7. It has its own section. Great video though, and I definitely need to re-think my miscellaneous stuff. I have an unexpected expenses category, but I also have a "Margin of Error" category that I use to cover overspending, but I think maybe I need to get rid of it, or at least drastically reduce how much I'm putting in there.
Having seven knitting-related categories means you're DEFINITELY in tune with how much you prioritize that hobby and those dollars and that's great!!
Also, having a "margin of error" category is definitely not a bad thing, but it does kind of give us permission to cheat for a bit. If I am choosing whether or not to overspend in another category, I should have to question where else I *won't* be spending money that month in order to move money to the category I'm considering overspending in. The "margin of error" category eliminates that idea of scarcity slightly since they're essentially "unassigned dollars." BUT, you also know your own budget and and your own life's needs and financial strategy, and I think you can definitely use a "margin of error" category really well and responsibly! Totally up to you!
-Hannah :)
I'm on a yarn diet until I finish a giant commission piece, but I get the knitting categories. Purl on!
Nicole Rottet yea I really need to do a major yarn diet and stash clean out. I’m long overdue!
Hannah, I do the $$ in the house, money raises hubby's blood pressure :) Anyway, he's come a LONG way with using the app for purchases, which also helps him stay in the budget since the number stares back at him. But I still want to hide from myself because I can just blame him if we overspend categories. I would LOVE-LOVE-LOVE a video about sharing a video as a couple or family!
My budget would say that I’m doing great on my debt free journey, but I could pay off more debt if I cut out the miscellaneous spending.
These videos have been very helpful.
My sinking funds mess with my age of money. It’ll grow and grow, then we need a new transmission or a hale bale cradle for the cows. And boom, that age just went Benjamin Button. It’s a little painful. And FYI, I spend more on my animals than us... it’s ok, Hannah!
Who else immediately got distracted and had to go look up the prebiotic fiber tonic? Sooo, I've now got a case of Olipop on the way. lol May end up having that category too...
Oh my gosh Dawn, I am so into the Vintage Cola and Root Beer flavors 🥰 Orange Squeeze and Ginger Lemon are great too-not a big fan of strawberry or cherry. Let me know what you think!! Guilt-free soda!
-Hannah :)
@@YNABofficial Haha - that is exactly how I expect that to go for me too. I ordered the variety pack so I can try them all. of course, right? Will let you know how it goes!
@@YNABofficial Hey, Hannah! So, here's the results after the variety pack :) Orange Squeeze is my favorite with the Strawberry as a (shocking!) 2nd. 😋 Root Beer was pretty good too. Didn't really care for Cola or Ginger Lemon (allergic to ginger though so probably shouldn't have even tried it - haha) and I couldn't even finish the Cherry.
What an entertaining way to think about my budget!
I am definitely guilty of the consistently overspending in one category (and yes, it is eating out). And it's not a priority, it's really overspending because I give in to the craving. My question is, what tools are you using to get to the insight "I overspent on eating on 8 months in a row." Since I was trained early in my YNAB journey to immediately cover overspending and make the red go away. I know I'm doing this pretty often, but I certainly don't remember at the level of "uh oh, this is the 8th month in a row." I realize this is a question that gets asked a lot (new YNABers want to track overspending, wondering if they can leave the categories red). I don't want red categories, but is there a way I can use Reports, or an additional tool I can create outside of the app so I can hear what my budget wants to tell me? PS - love the gumball machine analogy, best explanation of Age of Money I've heard yet!
Hey Sasha! Best way I know how is by knowing how much you *want* to be spending in that category every month (let's say $50) and adding that to your category line as a constant reminder (i.e. "Dining Out - $50/mo). Allot $50 to it at the start of the month and cover overspending as it happens, just like you're doing. Then, when you peak at the "Activity" column in your "Dining Out" category, you can see how far over $50 you went (like maybe it says -$83.21-now I know I was spending about $33 over what I wanted to in that category). I'm not sure if there's a concrete way to see the overspent difference in reports, but if you look at your "Trends" for that category in the "Reports" tab, you can see how far you spent beyond the amount you wanted to spend. You may have to do a little math yourself to find out the *exact* amount you're overspending every month, but you can deduce most of what you need to from the visual itself!
-Hannah :
You can now see when money has been moved from one category to another in Recent Moves 😀 It’ll show you what you’re truly prioritizing.
if my budget could talk, it would say BUY AND HOLD
I love Ollipop
My boyfriend is a BIG Pokemon Go guy. 😂 Hence my extremely specific example. He's got a Pokemon Go category... or two 😉
-Hannah :
Great idea to use points for Apple gift cards
Another awesome video 👍
Question for Hannah if she's reading the comments. In my budget, I have a category for eating out, and instead of a coffee one, I have 2 separate coffee categories (one for each other the 2 coffee shops I go to - Tim Horton's & Starbucks).
If I go to Tim's and I get a proper meal - a bowl of soup or a sandwich - say because I need a quick light dinner before an early meeting - I count it against my 'eating out' budget. If I just go through the drive thru & I get a coffee or a cold drink, I count it against my 'coffee' budget.
Is that cheating? I haven't gone over budget in any of the 3 categories by doing it this way. I admit I originally saw 'eating out' as being for sit down restaurants. With Covid that's not happening. I am more wondering if it is going to cause me issues post- Covid & if maybe I should get a handle on it now.
I'm not Hannah :) but it sounds like you've found a system that works for you! Those distinctions - eating out vs a just a drink - do make sense to me, especially if you tend to spend more in one area than you would like to.
Hey Tania! Totally up to you, but I do a similar thing! Just as much as I use my budget to keep my spending under control, I also use it to keep an eye on how *often* I'm spending on certain things (like my vice: coffee). So, if I go through a Scooter's drive thru and buy a latte and a burrito, I actually split the transactiono-$4.10 to my coffee category and $3.83 to the dining out category (can you tell I've done this a lot?). That way not only is the money getting allotted to the proper category, but I also have a way clearer picture of how often I'm consuming convenience coffee (I wouldn't get that kind of clarity if I blended them both together). If I lumped that latte into the dining out category or the burrito into the coffee category, it would mess with the information I'm trying to gather about myself. So, by categorizing a Tim Horton's meal to the dining out category instead of your Tim Horton's category, you're tracking what you actually *want* to be tracking (how often you're eating out and how much you're spending)-the location itself is less important. Plus, if you're curious how much you're spending at Tim Horton's, you can always type "Tim Horton" in the search bar and find the grand total there! I hope this helps!
-Hannah :)
Mine would say I spent too much on food delivery
Tires go bad?!
When I notice categories in the red, I move money to it so it's green. Should I be taking notes when this happens, or is there a better to keep the cats red while still accurately tracking?
🙀🐈🐱🐈⬛😸
Glad you mentioned social distancing, it’s only my first month budgeting and I feel like I’m doing well, but I’m also scared to come back to real life... hopefully I will have this budgeting down by then.
Any tips on preparing to head back to “real life” when social pressures to be “social” come back...
i've got a "vacation" fund which, lets be honest, is going to be a catch-all for doing anything and everything post-covid. also started a post-covid list for all the things to look forward to. BTW i love you perspective because I too started budgeting during covid and now that you mention it, yeah, having a budget is one of the ways I'm going to emerge from this pandemic better than when i started
I don’t want anyone peaking at my budget
It is like a personal diary, huh?
I have a "tricked into subscription" category
Not sure what that tells about me 😅
😂 I feel like all of us in 2023 should have that category. It's *way* too easy to do totally accidentally!! That's why we don't ask for your credit card info when you sign up for your free trial of YNAB-when the trial period runs out, your trial simply ends! No surprise fees! You can just mosey on with your life 😊
🌻 Hannah
very helpful
On the age of money dropping, it could be that you had a lot of medical expenses lately. Age of money also resets with a new budget.
True, or anything you're saving for that you finally purchase. That's why I wish you could choose to not include some (savings) categories because as is, Age of Money is a useless number to me. Hope your medical expenses were feasible and not ongoing.
I just stay home all day #2020-2021 thingsss
Done.
Would love that cup! Can we buy one somewhere?
@@YNABofficial Thanks Hannah! You are highly entertaining! I really enjoy your videos and have learned so much.
Why do you spend so much money on tools? Why do you have 5 vehicles? Wait... only 2 run?
Tag yourself I'm Adeline lol