4372 Branson Crest

Thank you for the great explanation! First month into ynabbing and it's the first time after a long period when i don't go to overdraft

$12,000 for a rental property!!??

You lost me at limiting your accounts….

Thanks so so much for helping with starting up. It is so awesome that I have a path forward from overwhelm to clarity! Plan > Patience > Practice #JonAcuff #HowdyFromHouston #ThePropertyJoes #LivingLifeInHouston

HUGE thanks for this video, Nick. It was a game-changer for me when I first watched it a couple of years ago. The main thing I've changed since implementing your advice is that I've created set amounts to transfer to profit savings and tax savings each month. Instead of running each month's revenue through the percentages, I have an average revenue amount that I use to calculate a dollar amount for each category. For example, if my avg. revenue is 18k per month, I transfer $900 to profit savings every month, $2,700 to tax savings, a total of $9,000 to owner's pay categories, and I target $5,400 for max OPEX spending each month. It has some cons but it works for me. In case it's useful for others, I recorded a video of my system here: kzbin.info/www/bejne/Y5LMaqawp7hsi7s

Thank you!! I’m a visual learner and this helped me to better understand profit first!!!

Personally, being nomads and being outdoorsy and living out of a vehicle didn’t work for us, but we are glad that the Lord has lead us out of that claustrophobic and restrictive environment.

I'm really trying to grasp YNAB, but for some reason I find it confusing, especially when it comes to reconciliation. Your video helps a lot. Thank you!

I'm curious which method would work best when you split bills with a significant other, but want to budget together. Currently we each have our own bank accounts and handle different payments.

Hey I am using YNAB and needs your support for the mobile App. It looks different from web one.

I absolutely cannot live with the humidity one more summer. I won’t physically or mentally survive GA’s long hot summers. No more southern states 🥵

what categories for open invoices. Specifically for COGS?

You seem to know a lot about this so imma ask .... I have 4 cards and I charge weekly and pay I off in full on pay day... Is this a good habit?

Thanks for this, it all makes more sense now! You mentioned using your "values" system - I had a look and can't see a specific video you've made about it - can you point me to anything relevant please? Cheers!

Nick, I am grateful for your work doing these videos. You have a way of explaining that makes it so easy for me to understand YNAB.💯 I have been using YNAB for almost a month so far and the third option (The tracking one) really clicks for me.

Hey, firstly thanks for your videos - you've helped me set up YNAB and properly budget my money. I'm using Method #1, and there's two points I wanted to make about it: 1. Some of those short-term savings take a few months before they're spent. There's plenty of easy-access, penalty-free accounts that pay some monthly interest. I'd be missing out on some easy money if I kept it all in my current account. 2. I don't think it's necessary to create one savings account for each savings goal. I have different saving categories for different goals, but I only have on easy-access tracking account where that money goes. I feel this is as close as possible to the YNAB mentality, while also recognizing some of the benefits of having multiple accounts.

Imagine a queue instead of a stack

I’m so confused, I’m gonna puke.

One word ...... Fantastic!! Thank you so much a true pro!

Nick, I am a financial coach and use YNAB personally and with my clients. Your videos are my go to for an intro to YNAB. Thank you so much for sharing your expertise!!

Chicago

I put treasury bond under Tracking, and then ask me to category & assign it. The money is already out of budget, and how come do I still have that money assign to the category？ or should I put treasury bond under budget?

Did you create your own To Be Budgeted category?

Dogs neck is going to snap!

YNAB is the 3rd budgeting app i downloaded this week. I tried Monarch and Everydollar but honestly even after watching some tutorials, they just didnt make sense. So I downloaded YNAB and after watching your tutorial I know that THIS is the app I've been looking for. It's very similar to the excel sheet I've been using but now i will have all my financial info at my fingertips instead of on my old (and really slow) laptop. Thank you for all you do to make learning to budget easier!

This may be the most important video in your whole playlist. Very useful for understanding YNAB.

I live in The Netherlands and what got me really confused was having a "positive balance" on the Credit Card within YNAB. I basically do not have any credit card debt, however, some subscriptions (like YNAB) can only be paid by credit card and not by using my Dutch bank account. As an extra security for my transactions, I like to transfer the budgeted amount of credit card payments to my credit card in advance. Say that for the month of August 73 euro's of credit card payments are coming up, I like to transfer this amount to my credit card as soon as I receive my paycheck. This way, when the automatic credit card transactions are due, they will take money from my positive credit card budget and I will never get accidentally into the red numbers. However the way this positive balance looked within my budget in YNAB was really weird. And even now I seem to understand it a bit, it still confuses me big time. But I will try to explain: 1. Make a transaction to your Bank Account 2. As a Payee select "To/From: Credit Card" 3. The Category "Credit Card (Credit Card Payments)" will automatically selected 4. State the amount (73) in the outflow column (the money will flow out from your bank account where you make the transaction). 5. Go back to your Budget: Be confused. When you do the transfer as described above, but select a "To/From: Savings Account" as a payee, step 5 will not confuse you, since your budget will not be affected. YNAB looks at all the money available in all your Budget Accounts and moving it to a different "physical" account does not change anything in the budget. However, when you do this to a Credit Card, the money you transferred to a Credit Card is suddenly visible as "Ready to Assign" money (73). And in the Credit Card Payments Category you will see the money you transferred in the "Activity" column (-73) behind your credit card. However, as a negative number. The money will be shown in red numbers in the "Available Column" (-73) as well. 6. Assign the money to the credit card. Step 6 is what was really confusing me, but apparently the money that just came available as "Ready to Assign" money, needs to be assigned to the credit card. Why? Don't ask me why... But at least my budget and accounts show the correct numbers again. Now, when the credit card transactions from your "to be paid by credit card" categories are made, this will not affect the number of money shown in the "available" column of your credit card. This will remain 0 after the transaction. The only thing that goes down, is the actual balance of the credit card. Maybe this is a bit logical, since you do not need to have any money available for a credit card payment that was already executed and didn't lead to you having to pay off your credit card debt. A long story, but I hope I helped someone with this :)

This sounded difficult. I want to be part of the YNAB cult, but so far Monarch is so much easier. 😢

How do you determine adequate healthcare/hospitals in a new area? Is there a certain rating system for hospitals like GreatSchool ratings are for schools?

The explanation of why you cannot budget future dollars really helped a lot. It is really the only way to not overspend

I have too much money is ready to assign. I cannot figure this out for the life of me. :(

Budgeting just seems to be cumbersome. I just cant🤦🏽‍♀️ its like a language I can't speak. I seriously have a mental block towards budgeting.

Your dog made me subscribe!

Savings accounts are also overdraft protection

What do you do about hidden categories it doesn't account for them in the Spending report

This is way too much work

Anybody who believes a daily latte or avocado toast is what’s making you broke and not the abundance of low wage jobs that make a profit off undercutting you, aren’t worth having a conversation with. I mean honestly this should be common sense but American in 2024 be like..

What if you don’t get the work reimbursement until the next month? How can you reassign that reimbursement check to the previous month so that it zeros out the balance from the previous month, instead of that reimbursement category being a negative amount?

This is exactly what I needed to hear before I got too far in. The defaults are complicated. Thank you for giving me “permission” to make it easier starting out

Are you available for hire

You guys are such a charismatic couple! And excellent advice and video structure. What a breath of fresh air between the cringe 'Hit that like button now before we continue' type of videos 🙄❤️

can we get an update its been 5 years

🎉

Love this video, thank you. I was overwhelmed because I am living paycheck to paycheck with family. So I needed to see where eery dollar is going. This was not at all hard to do. I have over $4,000 in credit card debt + loans. But I feel clarity now then I did before. I feel empowered and like I can turn things around for myself.

Wow! This is an Excellent video. This is the second time I've watched it. This gives me a great foundation with which to start my YNAB budget.

No toolkit for apps.😢

Even 3 years later, there are only 2 reports in the app. Is YNAB anti app user? 😢

So glad this is on video - I can stop, rewind, fix, keep going…..

Is it okay to actually connect the credit cards tho?