It’s happened to the best of us. Come payday, we’re rolling in dough, shopping happily and stress-free. Our brand new paycheck will conquer the world. Weeks later, a noose starts to tighten as the month’s financial supply drains out and the bills just keep coming. The inevitable worry sets in, as does the habit of putting off whatever payments you can for the next month’s paycheck. When it does come, the process repeats and before you know it, you’re stuck in a vicious cycle of debt and bad financial habits.
The situation seems hopeless and most people can’t or have a hard time digging themselves out of money troubles. With You Need a Budget, the solution to your problems is at hand.
At first glance, YNAB Pro doesn’t look different from any other budgeting software available in the market. It helps you keep track of your financial state by the entries you make of your daily transactions. Looking at it closely, however, you’ll see that it doesn’t just add and subtract numbers for you – it solves your money problems with four unique concepts:
First, it teaches you to live on your previous month’s income. This is basically a requirement – you can’t begin your YNAB “program” properly if you’re living in the now. It may take you a few months to position your cash flow this way, but YNAB Pro has additional tools to help you get started. You can view this approach as the essence of YNAB because the other three concepts are built on it. By living on what you’ve already earned, you’re budgeting on money you already have. You don’t have to forecast on overtime pay and other variable income that may or may not be available.
Second, because you know how much you have for the month at the very last cent, you have the ability to allocate all of your cash for something. This is a good habit to develop because you can make sure that bills and other obligations are fully paid every month and wouldn’t be affected by your other expenses. Knowing how much you can spend freely is a great stress-relief in itself.
Third, by living on what you earned last month, the paycheck you get now will be a comfortable buffer for you. You wouldn’t be in such a tight situation financially when an emergency calls for some more extra cash at hand. YNAB Pro also helps you get ready for those less frequent (but huge) obligations like car insurance by allocating a small fraction of cash for them in the months prior to their due date.
Fourth, YNAB helps you deal with overspending. Whether you’ve gone beyond your budget shopping or doing the groceries, the software immediately adjusts your other expenses so that you’re on your feet again with a clean slate for the following month.
To truly establish financial freedom, you need a budgeting solution that doesn’t just track your spending. You need something that helps you develop better habits and actually get you out of debt. YNAB is the perfect financial solution and is a true investment for your future.
If you would like to be emailed proven financial tips that others are using to get out of debt and create a massive savings visit http://ynab-review.weebly.com . You can also watch a YNAB video walk-through and receive 5 Free Bonuses you will not want to miss out on with your purchase of YNAB.
Thursday, May 7, 2009
Saturday, April 25, 2009
YNAB Easy Budgeting
Do you have trouble budgeting? For most the answer is yes. Budgeting doesn't have to cause headaches. Budgeting can be easy using YNAB.
What is YNAB?
YNAB is software used to create and follow a budget. YNAB makes it easy to set limits for budgeting categories and track how you are doing.
The goal is to stop living paycheck to paycheck. This is accomplished by creating a one month buffer. The one month buffer is equivalent to how much you make in one month. The buffer is used to budget for the current month. For example if the current month were June, you would be budgeting and spending money you made in May. Don't worry if you don't have enough money saved up for your buffer. YNAB will show you how to create it.
After you have your buffer created you will no longer be surprised when unexpected expenses such as car trouble or medical expenses arise. You can now roll with the punches. You are no longer limited by one months worth of pay. Go ahead and dip into your reserve buffer. YNAB will adjust your next months budget by deducting whatever you borrowed for the unexpected expense. So if you are twenty dollars over buget in May, then you will have twenty less dollars to use for budgeting in June.
YNAB Basics
Are you over your budget? Are you under your budget? With YNAB you will quickly be able to tell.
When you start the software you create budgeting categories or use the defaults. You can use basic categories such as Debt Reduction, or break it down with subcategories such as "Debt Reduction:Credit Cards" and "Debt Reduction:Car Loan".
Next, record your transactions in the register. Enter these transactions manually or download them in Microsoft Money or Quicken format from your bank. You will then assign a budgeting category to each transaction in your register.
The budget screen shows your financial information for the current month using three columns; Budgeted, Spent and Balance. The "Budgeted" column will be filled in manually by you. As you enter an amount for each category it will be deducted from that months money available. The second column "Spent", will be filled in automatically as you assign categories to each transaction in your register. The last column "Balance" will show you how much under or over you are for that budget category.
The YNAB report screen will give you a graphical representation of where you stand. This screen allows you to easily see how much money you are spending each month and your current balance for each budgeting category.
YNAB, all About Budgeting
There are other personal finance programs. For a reasonably priced Quicken Alternative or a MS Money Alternative, YNAB is the solution for you. Most programs have too many bells and whistles distracting the user from the budgeting basics. YNAB uses a proven methodology making budgeting simple and easy to stick with. If you have had trouble creating or sticking to a budget in the past, give YNAB a try, it worked for me.
Check out real life testimonials and video tutorials for YNAB
What is YNAB?
YNAB is software used to create and follow a budget. YNAB makes it easy to set limits for budgeting categories and track how you are doing.
The goal is to stop living paycheck to paycheck. This is accomplished by creating a one month buffer. The one month buffer is equivalent to how much you make in one month. The buffer is used to budget for the current month. For example if the current month were June, you would be budgeting and spending money you made in May. Don't worry if you don't have enough money saved up for your buffer. YNAB will show you how to create it.
After you have your buffer created you will no longer be surprised when unexpected expenses such as car trouble or medical expenses arise. You can now roll with the punches. You are no longer limited by one months worth of pay. Go ahead and dip into your reserve buffer. YNAB will adjust your next months budget by deducting whatever you borrowed for the unexpected expense. So if you are twenty dollars over buget in May, then you will have twenty less dollars to use for budgeting in June.
YNAB Basics
Are you over your budget? Are you under your budget? With YNAB you will quickly be able to tell.
When you start the software you create budgeting categories or use the defaults. You can use basic categories such as Debt Reduction, or break it down with subcategories such as "Debt Reduction:Credit Cards" and "Debt Reduction:Car Loan".
Next, record your transactions in the register. Enter these transactions manually or download them in Microsoft Money or Quicken format from your bank. You will then assign a budgeting category to each transaction in your register.
The budget screen shows your financial information for the current month using three columns; Budgeted, Spent and Balance. The "Budgeted" column will be filled in manually by you. As you enter an amount for each category it will be deducted from that months money available. The second column "Spent", will be filled in automatically as you assign categories to each transaction in your register. The last column "Balance" will show you how much under or over you are for that budget category.
The YNAB report screen will give you a graphical representation of where you stand. This screen allows you to easily see how much money you are spending each month and your current balance for each budgeting category.
YNAB, all About Budgeting
There are other personal finance programs. For a reasonably priced Quicken Alternative or a MS Money Alternative, YNAB is the solution for you. Most programs have too many bells and whistles distracting the user from the budgeting basics. YNAB uses a proven methodology making budgeting simple and easy to stick with. If you have had trouble creating or sticking to a budget in the past, give YNAB a try, it worked for me.
Check out real life testimonials and video tutorials for YNAB
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