YNAB For Beginners – Quick Start Guide (2018)
UPDATED VERSION OF THIS VIDEO HERE: https://youtu.be/exS0gU-Ie8E
A step-by-step guide with EVERYTHING you need to get started with YNAB. This YNAB tutorial will walk you through every single detail of setting up your budget and getting ahead with the app.
YNAB Getting Started Beginner’s Checklist: http://mappedoutmoney.com/ynab-checklist/
YNAB Affiliate Link for a free trial: https://mappedoutmoney.com/ynab
**I made the YNAB credit card video I mentioned!**
Watch it here: https://youtu.be/2Ix0Jibc0Lw
YNAB Setup In The Middle Of The Month
https://youtu.be/btDIr1AQjHM
While I love YNAB, unfortunately, it can be pretty confusing. A lot of people will sign up only to get quickly frustrated and then give up never to return. I admit, YNAB definitely has a bit of a learning curve at first. But that’s what this video is for.
I’m going to walk you through everything you need to know about ‘You Need A Budget’.
In this video I’ll cover:
0:45 – Things you must understand before starting
1:42 – Start your new budget
1:48 – Setup your accounts
4:06 – Setup your budget categories
14:34 – Setting goals for your budget
17:21 – Actually budgeting your money
20:53 – How credit cards work in YNAB
24:00 – How to record transactions
27:22 – How to deal with overspending
27:52 – Explaining YNAB budget colors
30:58 – Using YNAB to stop living paycheck to paycheck
33:06 – Aging your money in YNAB
This tutorial truly is everything you need to know. I hope you learn something and be sure to leave a comment with any questions you have.
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My Website: https://mappedoutmoney.com/
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PS: If you have an Amazon Alexa, I just launched a brand new daily flash briefing called 30 Second Money. It would mean the world to me if you checked it out in your Alexa app.
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Watching this now and your āitās a diesel. Gas is expensiveā comment, hits way diff š¤£ thank you for this though!!
Watching this now and your āitās a diesel. Gas is expensiveā comment, hits way diff š¤£ thank you for this though!!
I have a question about giving money to my church, and i didn't see it here… unless i missed it.. I was wondering do i just make a new group and call it ..Charities.. but then, what do i put it under on the next box? Not a debt, or a Bill??
My dude- great job on this explanation. I was feeling very overwhelmed in getting started with YNAB, but I feel so excited about kicking into gear now
excellent! I was indeed confused how the credit card is used in YNAB. You cleared my concern! thanks
How about stock.. for example, I bought one stock which was paid($20) by x account on 1/3, but it become $10 on 1/31. How I use YNAB to record it?
so useful and learn a lot š from TAIWAN
great tutorial. i have tried three times to get t grips with ynab and yours is the first tutorial that makes sense to my head as it giv3s the specific actions needed but they are explained in the context of the bigger budgeting picture.
REALLY loved this video! Thank you ā¤
It was all helpful. I was one video (this one) from giving up on this app! I could not figure it out even from the videos that YNAB puts out! Thank you so much for this help.
Thank for the video. It help me a lot! Question : I am using the last version and i am not sure about le goal- target. Should I choose debt payment target (monthly) or the target spending money? I use the first one for the fix expenses (as mortgage) but i choose spending money for the living expenses. Is that correct?
This video was so helpful. I donāt comment on things like this but I am so thankful I found this.
Iām an independent contractor (realtor). I could go a month sometimes during this time a year without money coming in. Will this still work for me?
SUPER HELPFUL video! I've been using Mint for years, but mostly just to see where my money was going. I found the budgeting aspect of Mint very confusing and mostly useless. I just stumbled across YNAB a few days ago. Signed up (still on the trial) and been working for the past few days setting up and tweaking my budget. I LOVE the concept of only budgeting money that you actually have right now. I have everything laid out, but since I'm just a few days in, I think it's going to take me a month or two to actually TRUST what I'm doing. But I found your video very helpful and straightforward and I'm looking forward to building my savings and breaking the paycheck to paycheck cycle. Thanks for a great video!
Loved your video. I looked at others and was confused. Yours was very clear
Thanks for sharing!
do you think linking account is safe.
great video trying you affiliate link . tired of paycheck to paycheck. .
As small business owners with smaller checks and wire transfers coming in all the time,Ā
1) I'm trying to imagine how this could work without taking over my life. We have so much variation in our month to month expenses: health costs, replacing broken items, etc. I'm not yet visualizing how to incorporate this level of flexibility into the budget.
2) If I have all my dollars accounted for, but something else pops up, how do I account for that?
0:56 – not budget the full month – only budget with money that is available to you
This money aging idea is a great concept, to get ahead of things. Thanks. This is very helpful.
Loved the video! Really simplified the idea of the categories and aging your money. Much appreciated!
Great info…I am trying to apply your affiliate link so that you can get the cred…but it isn't working. Just an FYI. Thank you so much for this though, it was exactly what I needed!
I love ynab, but I really can't believe that their own guides aren't more intuitive and concise..
Thank you!
What do you do with the money you are saving for long term things in your bank account? Do you divide it into specific accounts or put it all in a savings account?
Thank you so so much! This was very helpful
Thanks Nick! My wife and myself are very excited to get started with YNAB and your videos are SUPER insightful. Thank you
I have tried and deleted YNAB several times but now Iām keeping it and works because of you. Thank you āŗļø just something small though, the background music was a little hard to concentrate and hear you šš»
This was great. I'm new to YNAB, and on the struggle bus with the reconciliation process for some reason.
I use everydollar… thinking of switching. Can you make a video for the credit card option.
Thanks
I have been running an on paper budget for YEARS (which has continually failed us), and have put off moving to an electronic version because it seemed really daunting. BUT, I found this video and gosh am I thankful! I'm really looking forward to this transition. THANK YOU!
Yeah this is my second time
what do you do if you don't want YNAB to add your complete Checking balance to the money to be budgeted? i would like to stick to my paychecks and budget around that. i was thinking i could make a fake, unlinked account and just park it there as budgeted, but won't that get messed up when my linked real Checking acct reconciles?
My screen is different It has 'assigned' not budgeted and does not have a goal-setting section How do I get credit cards in Credit card payment section ?
Okay I've NEVER commented on a video before. But this video was too good not to say anything! I came across YNAB a few weeks ago after really wanting to get a handle on my money. I tried watching the YNAB tutorials and felt so defeated watching them. No matter how many times I watched, I couldn't understand. But watching through this video just once through, WOW. I now see why YNAB is so useful!! Thank you so much Nick!! I now feel so much more equipped to take on my money goals.
The most helpful part of this video for me was the part at the end about aging your money. Thank you!
Loved the perspective on the age of money! I never thought about that before.
Wow, this was really thorough. Thank you. Do you have a video about how this might work for someone on a bi-weekly pay schedule? I really like how you showed how to use the app to get out of a paycheck to paycheck cycle. That's where I'd like to be with my spending. Secondly, this seems like tracking my spending after each purchase would be needed to really reap the benefits of the tool. Is there a way for the app to track it automatically and I just correct the category as needed?
If Iāve added my account and the money I earn is in the bank, what does it mean when it says youāve assigned more money than you have? Does it mean the physical amount? Maybe Iām just a bit slow lol
Dumb question .. So you set up everything online thru YNAB and once budgets etc have been set, you physically just go into your bank account online or wherever and pay the bills etc exactly how you did it on this program? So your actual bank accounts should show identical numbers to this program, is that correct ?
When I click on a category it doesnāt give me the āgoalsā option. Why is that? Is it hidden? Iām currently under the 34 day free trail use.
As someone who had to switch budgeting apps (used mint for years) this helped me so so much with learning the ropes for ynab. Thank you for making it so easy to understand and learn.
Great tutorial! I really liked how you organized your bills and after watching your beginner ynab mistakes video it made a ton of sense. My one complaint is that I have a ton of money in my accounts which I wanted to link so I was unsure how to get over that hurdle of having like 15k more in my bank accounts than what I would normally spend in a month. Should I just move it to savings and work on only budgeting my income?
Was very informative and will be using YNAB for Business and Personal
Since this is from 2018, is there still a way to use "set a goal"? I don't see that option when I click on the assigned box as it shows in your video.
Another thing I do that has really helped me is I saved up over a few months to where I'm a month ahead on my entire budget. For example, this allows me set aside my entire paycheck in Aug so that on Sept 1 I can assign my money for the entire month. I have bills on auto pay. That way I just budget on the 1st and don't worry about it the rest of the month!