I have been on YNAB for 6+ years but I am thrilled to see this new video. Your videos really helped me get the hang of it, especially credit cards and targets!
Love this update! I just consolidated my accounts as I'm trusting YNAB more. I did notice though at the start of the video around 3:27 you have a loop.
New subscriber here! Still watching - but I just wanted to say that it is so encouraging that you have a category for tithes/offerings and charitable giving. This video is incredibly helpful as I was on the fence about trying YNAB. It seemed daunting - but your video is making it so incredibly easy to understand. :)
This video has been so helpful - I've lost track how many times I've started and stopped using YNAB - this tutorial has been so helpful I think I can stick with it this time. I also agree, YNAB should let Nick include his template with the other ones they have. I've used most of his suggested groups and categories when I reset mine - I think other people would find his template very useful
OMG - you have the best timing @Nick! I am actually actively doing a fresh start and was watching your old videos that are still awesome BUT this is just amazing ❤🎉 THANK YOU for this wonderful holiday gift!!!
I don’t like fresh start I see it as a way to recover if you do massive damage and don’t know how to fix it. It messes up the statistics since it dies not include past transactions
Thanks for the new guide! I do miss the zingers from the original, like "You're only going to budget the money that you currently have available, and unfortunately, you may not have a lot of money currently available."
@@mappedoutmoney I started with YNAB4 in 2015 and have never linked accounts. When I see all the posts in the subreddit from people with linking issues, I'm glad I prefer manual entry.
Hey Nick! Just found your account a few weeks ago after getting YNAB. Going through your Life Vision Template has been transformational! I was wondering if you have read RDPD? Thanks for making these videos :))
Awesome! So glad to hear that the life vision template has been helpful for you. And yes, I have read that book although it’s been over a decade since then!
I do put them in often times, but you need to be careful. Don't enter anything where the amount will change - like a restaurant where you tip, or haircuts with tips, ubers, and certain online orders. If the amount that it shows when pending is different than when it posts, YNAB won't "match" the transactions and link them together. Then you'll end up with a duplicate you need to find a delete.
This is super helpful, thank you so much!! How do you suggest approaching it if I pay my credit card bills on the 17th and 22nd of the month - for my targets, do I put by last day of month or by when they technically have to be paid off aka the cc bill due dates?
I have been using YNAB for a few years and just opened a new YNAB account. The default budget looks nothing like this! It has three category's. Bills, Needs and Wants .I can not find this default budget! Any idea what that is about?
If you just signed up for a brand new YNAB, you’re like inside their onboarding tutorial and will be locked in until you complete it. Just follow their prompts to add an account, add a target, and assign some money. Then you’ll unlock everything and be able to fully manipulate and delete categories and make your own like I do here. Hope that helps!
Not sure if it applies to US banks, but I have read through forums that linking your bank account for a Canadian voids all waranty from the banks if Plaid or MX gets hacked and my funds get stolen, is it true or is that just fear mongering. What do US banks do if something like this would happen? Thank you for the video btw.
YNAB Checklists, Routines, and More: nick.ck.page/ynab
Timestamps:
0:00 - Why YNAB Worked For Us
1:00 - 1) Start A New Budget
1:45 - 2) Add Checking Accounts
4:20 - 3) Add Savings Accounts
8:17 - 4) Add Credit Cards
9:20 - 5) Add Wallet Account
10:00 - Check Starting Balances
12:25 - 6a) Create Category Groups
14:30 - Ready To Assign
15:20 - Budget Structures
18:30 - 6b) Create Categories
33:05 - 7) Setup Targets
46:25 - Bi-weekly Bills & Payments
49:00 - 8) Compare Underfunded
52:30 - Income Cycle vs Monthly
54:22 - 9) Assign Your Money
58:00 - Three Columns
1:05:20 - Yellow Category
1:06:50 - Credit Cards In YNAB
1:17:30 - Why You Can’t Budget Future Money
1:21:00 - Negative Red (Cover Overspending)
1:23:20 - Yellow Positive & Negatives
1:27:00 - Daily Routine
1:33:30 - Payday Routine
1:36:00 - Monthly Routine
1:40:50 - YNAB Isn’t Enough
I have been on YNAB for 6+ years but I am thrilled to see this new video. Your videos really helped me get the hang of it, especially credit cards and targets!
Hey thanks! I appreciate it. Hope you enjoy the updated video!
YNAB feeling like a cheat code for finances is no joke! Totally agreed. Thank you for updating this!!
Of course! Glad to do it. And glad that resonated with you!
Love this update! I just consolidated my accounts as I'm trusting YNAB more. I did notice though at the start of the video around 3:27 you have a loop.
Oh bummer. Thanks for the heads up there!
Glad to hear you’re consolidating things and trusting YNAB more and more.
New subscriber here! Still watching - but I just wanted to say that it is so encouraging that you have a category for tithes/offerings and charitable giving.
This video is incredibly helpful as I was on the fence about trying YNAB. It seemed daunting - but your video is making it so incredibly easy to understand. :)
Hey thanks! I'm glad that resonated with you, and happy to hear the video was helpful overall! Appreciate you taking the time to comment.
This video has been so helpful - I've lost track how many times I've started and stopped using YNAB - this tutorial has been so helpful I think I can stick with it this time. I also agree, YNAB should let Nick include his template with the other ones they have. I've used most of his suggested groups and categories when I reset mine - I think other people would find his template very useful
Thanks so much! I'm really glad this tutorial has been helpful for you. I really appreciate you watching :)
OMG - you have the best timing @Nick! I am actually actively doing a fresh start and was watching your old videos that are still awesome BUT this is just amazing ❤🎉 THANK YOU for this wonderful holiday gift!!!
So glad to hear it! Thanks for watching.
I don’t like fresh start I see it as a way to recover if you do massive damage and don’t know how to fix it. It messes up the statistics since it dies not include past transactions
🎉 was just about to revisit the previous getting started video. Yay! Talk about perfect timing, thanks Nick!
Glad to hear it was right on time!
As always, great teaching! I know what I'll be doing today😊
Thanks Ann!
Thanks for the new guide! I do miss the zingers from the original, like "You're only going to budget the money that you currently have available, and unfortunately, you may not have a lot of money currently available."
YNAB never fully clicked with me until I did "unlinked" ⛓️💥 ✨️
Totally get that! I used it unlinked for 3 years before I ever linked them.
@@mappedoutmoney I started with YNAB4 in 2015 and have never linked accounts. When I see all the posts in the subreddit from people with linking issues, I'm glad I prefer manual entry.
Hey Nick! Just found your account a few weeks ago after getting YNAB. Going through your Life Vision Template has been transformational! I was wondering if you have read RDPD? Thanks for making these videos :))
Awesome! So glad to hear that the life vision template has been helpful for you.
And yes, I have read that book although it’s been over a decade since then!
When transactions are still pending, do you assign them to their respective category or wait for them to post?
I do put them in often times, but you need to be careful. Don't enter anything where the amount will change - like a restaurant where you tip, or haircuts with tips, ubers, and certain online orders. If the amount that it shows when pending is different than when it posts, YNAB won't "match" the transactions and link them together. Then you'll end up with a duplicate you need to find a delete.
@@mappedoutmoney makes total sense. Thank you!
This is super helpful, thank you so much!! How do you suggest approaching it if I pay my credit card bills on the 17th and 22nd of the month - for my targets, do I put by last day of month or by when they technically have to be paid off aka the cc bill due dates?
Do you know if I can link Spanish banks accounts? Thank you for your work, this video is awesome
I have been using YNAB for a few years and just opened a new YNAB account. The default budget looks nothing like this! It has three category's. Bills, Needs and Wants .I can not find this default budget! Any idea what that is about?
If you just signed up for a brand new YNAB, you’re like inside their onboarding tutorial and will be locked in until you complete it.
Just follow their prompts to add an account, add a target, and assign some money. Then you’ll unlock everything and be able to fully manipulate and delete categories and make your own like I do here.
Hope that helps!
Not sure if it applies to US banks, but I have read through forums that linking your bank account for a Canadian voids all waranty from the banks if Plaid or MX gets hacked and my funds get stolen, is it true or is that just fear mongering. What do US banks do if something like this would happen?
Thank you for the video btw.
I had YNAB for several years & couldn’t stay on track so I ended up canceling my subscription with YNAB.
👑👑👑
💪💪💪 appreciate you
❤ . . .
Appreciate you!