I think automating this process is crucial. I hope to see more features come to this product, because they have a good start. I was able to build up my buffer and start really using the program after about 6 months (that may seem like a long time but it is worth it). The purpose of this is to make sure all your money is accounted for, and so that you can see where it is going.
I have tried budgeting on my own and with different types of methods and systems. They worked for a while until I grew tired of physically having to write down every transaction and then having to transfer each one to their own allocated category, it wasn't too bad but way too much writing, but this is by far the easiest and most simple system to use. I usually write everything down with pen and paper. I bought this because of other reviews and will say I am glad I did.
More than a year ago we started using YNAB after our household income was cut in half because of the economic downturn. In 20 years of marriage, we hadn't ever been able to get a budget system to work and we had tried many. You need a thorough understanding of the buffer system and the rules for this program to be effective. It's hard for many people with existing debt (myself included) to understand why you should save up a one month's salary before using that money to pay off debt. It's eye-opening, to say the least. It will change the way you think about your money, or in my case, it made me *start* thinking about my money.
This is a vital reference function to me. It is taking so much time and energy to try to learn this system that I am giving up for now and heading back to Quicken.
YNAB the company is one of the most user-focused software companies I've ever run across. They've provided great support so far, and the forum is another excellent source. I am also doing Dave Ramsey's Financial Peace University program and just this month have become debt-free except for the house. Last month on the DR forums I read about YNAB and how many DR followers use it.
Oh, I've never met the software creator or anyone else involved in the YNAB creation. I am a mere consumer who purchased the software and am currently using it. It does force you to get personal with your money, to really see where and how you are spending and how that affects your money overall. It doesn't paint rosy pictures of wealth in the future, it doesn't allow you to get by without having to actually sit down and SEE everything you've purchased, it doesn't give you pies and charts and graphs to help you understand your spending. If you want to be able to track the compound interest earned on your millions, this is not the right program for you. If you're struggling to get out of debt or just to get a handle on where your money goes every day, get this. This software is nothing more than a logbook, pencil, and calculator. You can also do the same thing with any quality spreadsheet program. Our co-workers were juggling credit cards and cash advances while waiting. We were concerned about our employment but our family's cash flow was not a factor because had a whole month to react to the emergency.
I have tried budgeting on my own and with different types of methods and systems. They worked for a while until I grew tired of physically having to write down every transaction and then having to transfer each one to their own allocated category, it wasn't too bad but way too much writing, but this is by far the easiest and most simple system to use. I usually write everything down with pen and paper. I bought this because of other reviews and will say I am glad I did.
More than a year ago we started using YNAB after our household income was cut in half because of the economic downturn. In 20 years of marriage, we hadn't ever been able to get a budget system to work and we had tried many. You need a thorough understanding of the buffer system and the rules for this program to be effective. It's hard for many people with existing debt (myself included) to understand why you should save up a one month's salary before using that money to pay off debt. It's eye-opening, to say the least. It will change the way you think about your money, or in my case, it made me *start* thinking about my money.
This is a vital reference function to me. It is taking so much time and energy to try to learn this system that I am giving up for now and heading back to Quicken.
YNAB the company is one of the most user-focused software companies I've ever run across. They've provided great support so far, and the forum is another excellent source. I am also doing Dave Ramsey's Financial Peace University program and just this month have become debt-free except for the house. Last month on the DR forums I read about YNAB and how many DR followers use it.
Oh, I've never met the software creator or anyone else involved in the YNAB creation. I am a mere consumer who purchased the software and am currently using it. It does force you to get personal with your money, to really see where and how you are spending and how that affects your money overall. It doesn't paint rosy pictures of wealth in the future, it doesn't allow you to get by without having to actually sit down and SEE everything you've purchased, it doesn't give you pies and charts and graphs to help you understand your spending. If you want to be able to track the compound interest earned on your millions, this is not the right program for you. If you're struggling to get out of debt or just to get a handle on where your money goes every day, get this. This software is nothing more than a logbook, pencil, and calculator. You can also do the same thing with any quality spreadsheet program. Our co-workers were juggling credit cards and cash advances while waiting. We were concerned about our employment but our family's cash flow was not a factor because had a whole month to react to the emergency.
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