28 күн бұрын
Ай бұрын
2 ай бұрын
2 ай бұрын
2 ай бұрын
2 ай бұрын
Жыл бұрын
Жыл бұрын
Жыл бұрын
Жыл бұрын
Жыл бұрын
Жыл бұрын
Жыл бұрын
2 жыл бұрын
2 жыл бұрын
2 жыл бұрын
2 жыл бұрын
Пікірлер
@paulaarcher4964 Күн бұрын
If you are planning to use the "Fill Up To" option, do you have to forgo the option of budgeting a month ahead? When I get paid on Dec 31st, I already have money assigned to January and want to Fill up February with my Dec check. This seems to make all targets act like "Set aside another". Should I be doing this differently?
@TruckerSugarFoot Күн бұрын
we need an updated tutorial lol
@blackbutterfly233ify 2 күн бұрын
are you talking more about sinking funds over an e fund? because it is kinda true if you have a car or a house to plan for any expenses that might come from that
@steveborrelli8800 3 күн бұрын
New to YNAB i am trying to understand and customize budget. I have a seperate sink fund that i use for 6 different yearly payments(xmas,vacation,etc) what do you recommend the easiest way to start in ynab.
@boochy115 4 күн бұрын
But why not have your credit cards in there? Don’t you want the linked data?
@lanacatofficial 5 күн бұрын
hello! what is your updated process for reconciling in ynab without the bank import option?
@mohammedaldhufairi9798 5 күн бұрын
It's great that emergency fund transactions are well defined, and each person should adjust the savings for each component based on collected historical data, if any, but still I find more convenient for those who dislike historical data or bignners to have a rough percentage savings for each category like you did for home maintenance when you mentioned 1%. I feel audience like simplicity like what Mr. Dave Ramsey did when he mentioned 3 to 6 months traditional savings which you compliment it with the ingredients
@Christina-sv4wu 5 күн бұрын
The current version doesn't have the types of targets - is this gone, or is there a different way to find it?
@mappedoutmoney 5 күн бұрын
@@Christina-sv4wu I now have a new updated version of the targets video on my channel - just released a few weeks ago. They’re very similar, but have a few name changes! You’ll want to check that one out.
@cassius2575 6 күн бұрын
New sub here! Wow, such great points here. I feel all of this, especially the part about taking from short term goals and never catching up. This is where I am right now. Our salary took a dip this past year so our budget looks very different and it’s not easy playing the game of “this or that”. Greetings from NY!
@mappedoutmoney 5 күн бұрын
Hey thanks! So glad you liked the video and found it helpful. And yes, when the salary drops, it definitely does get a lot harder to play the this or that game. But glad you're trying to do it all intentionally!
@Barada73 6 күн бұрын
This is why I'm glad that my family always prioritized celebrating the birth of Christ and spending time with family during Christmas. Gift giving was never really the focus of Christmas at my house growing up and we were never allowed to believe in Santa Claus. That might sound terrible to some people, but I still have nothing but happy memories of Christmas from my childhood.
@mappedoutmoney 4 күн бұрын
That's what Christmas is all about my friend. Sounds like a great Childhood to me.
@iknowyouwanttofly 6 күн бұрын
Hehe I am planning to fire only my lifestyle creep. For example I love fancy yarn so if I want to buy fancy yarn for one pair of socks instead of just buying that I am saveing up the cost x20. Then if I am lucky I can have one pair of fancy socks a year. I feel ok only useing times 20 because I can allways skip it the markets are not doing well enough. Ofcourse I will pay off debt first etc.
@WealthbuilderzTV 6 күн бұрын
A lot of times, the simplest gifts will make a person's day and not just an expensive gift.
@mappedoutmoney 6 күн бұрын
@@WealthbuilderzTV totally agree!
@abnonymous 6 күн бұрын
is there a way to keep track of the loans, if the amount gets reset the next month? say if you have a lot of these reimbursements transactions and want to keep track of how much is still owed?
@NateGreensides 6 күн бұрын
Tl;dr: planning for specific emergencies is better than having one fund for general "emergencies"
@mappedoutmoney 6 күн бұрын
@@NateGreensides 💯
@BreezeBudget 7 күн бұрын
Fantastic video and explanation! YNAB has changed my budgeting and finances for the better!
@mappedoutmoney 6 күн бұрын
Thanks! So glad you found it helpful.
@OmololaFinanceLab 7 күн бұрын
👍Nice One, i like the questions behind the gifts buying, Thanks
@mappedoutmoney 7 күн бұрын
Thanks! So glad you liked it. Appreciate you watching!
@stephaniegaddis1716 7 күн бұрын
I've made all of these mistakes and lived with the regret! Creating an actual Christmas Budget completely changed things for us. In addition to budgeting for presents, I have a "Christmas Magic" category. This covers those yummy Christmas food traditions and any new decorations that catch my eye. I can now enjoy spontaneous Christmas magic without the New Year's regret.
@mappedoutmoney 7 күн бұрын
Very cool! Love having an additional category for the Christmas Magic. That’s a great idea.
@robertbutler4393 7 күн бұрын
Helpful advice. (The pup looked particularly enthused. 😂)
@mappedoutmoney 7 күн бұрын
Hahah! Yeah, finance is her favorite topic ;)
@kerrissedai6857 7 күн бұрын
O shite fund is for major house repairs or medical emergency.
@Americanomondays 7 күн бұрын
Great video man. I need to do this! We have an emergency fund in a high interest savings at Capital One - but we own a home and then have a vehicle with a ton of miles on it and two kids so yeah, we should definitely be breaking it down way more into separate categories in YNAB.
@mappedoutmoney 7 күн бұрын
Thanks! So glad you found this helpful for you. Yes, I use a HYS like that as well for the interest, but it's nice to break it all down in YNAB so I don't dip into it for things I shouldn't be.
@CharlesJones-bu5hk 7 күн бұрын
I’ll give you a good solid plan, get a decent job skill get married if you want and save one income and live on the other! Or, stay single and learn to stay away from more than you need. Save and invest and since you love frugality now save like crazy and retire early
@BeksWorld 8 күн бұрын
Coffee makes everything worth it ❤❤❤ ☕️
@mappedoutmoney 7 күн бұрын
haha, yes it does!
@BeksWorld 8 күн бұрын
Yes! So good with the short, medium & long-term. Very helpful to think of it this way.
@mappedoutmoney 7 күн бұрын
Thanks! So glad you found it helpful
@hwilcox 9 күн бұрын
do people not know this? the only thing i learned is to call them levers. well explained, good examples
@feliciaflinders 9 күн бұрын
❤ excellent video on emergency funds.. categorisation is good idea . Thanks for sharing
@mappedoutmoney 7 күн бұрын
Glad you liked it!
@jonjay91 10 күн бұрын
I think this is a great approach, but I know myself too well. If I followed this method I would micromanage my budget into oblivion.
@elenakalliste 10 күн бұрын
I do essentially think about savings like this, but I do just keep everything in one account. I think it’s simpler that way, and doesn’t require me to guess exactly how long until X thing happens, I have 6 months for income loss in theory, but I have a very stable job, and if I have to pull for a home maintenance expense, I do and then let the interest build it back up over the next few months. Perhaps it feels more doable if it’s multiple accounts at first but once you have “enough” I don’t see the real benefit of having multiple buckets.
@benjaminallison4644 10 күн бұрын
Brother, I have had a hell of a year, and your videos are giving me hope. Thanks for the clarity and wisdom. You’re making a difference in people’s lives.
@mappedoutmoney 10 күн бұрын
Hey thanks man, I so appreciate you saying that. Appreciate you watching and taking the time to comment!
@_justuni2266 10 күн бұрын
This video is still helping people! Just jumped on the YNAB bandwagon and got stuck with this exact thing. It seems so obvious now that I've listened your video, but i just couldn't wrap my head around the mid month thing. Thanks!
@mappedoutmoney 10 күн бұрын
That's great! So glad to hear this is still helping!
@JimVanderveen 11 күн бұрын
7:07 That sounds oddly specific. You don't happen to have twins, do you? :)
@mappedoutmoney 7 күн бұрын
haha, well, I don't have twins. But I do have a brother, and we both totaled cars before we were 19.... :)
@konkola3295 11 күн бұрын
Hey Nick. I just wanted to make sure I properly understand savings accounts in YNAB. I plan to add my HYSA which receives the majority of my paycheck. If I heard correctly, adding it as an on-budget account will add its total to my budget which I can just distribute to the "HYSA contributions" category group. The remaining "Ready to Assign" will now be my checking account, and is ready be allocated into everything else.
@dawnkoplitz1825 11 күн бұрын
I know someone that “helps” their adult child a couple times per month. I think the parent does it out of guilt because their children were taken from them because the parent wasn’t the best parent. I don’t think it’ll ever stop.
@MRemes 11 күн бұрын
Is my help going to empower them to independence or enable them to dependence is the question I try to ask myself when tempted to get involved. Good topic.
@kristofferjannotario2787 12 күн бұрын
This is a great topic! Thank you for this!
@mappedoutmoney 12 күн бұрын
So glad you liked it!
@ericawilliams9016 13 күн бұрын
Any chance of a follow up video or recommendations on advice to be successfully paid back after initial payback agreement continually fails? Also any videos regarding tracking the amounts efficiently?
@mappedoutmoney 12 күн бұрын
Hey Erica, Great question. I do have a video on how to track this in YNAB. If you search for "7 advanced YNAB Techniques" you'll find it there. As for how to get paid back successfully, this is tough as I don't know much about the situation. But what I can say, is that often when the payback agreement continually fails, it's combination of a failure to: - communicate expectations clearly - hold boundaries and let the loved one face consequences Meaning, if you aren't being paid back, then you have to hold the line on what you said was the initial agreement (AKA the consequences). If you continue giving/loaning and not upholding your word and the expectations you set, then the other person has no reason to believe they actually need to pay you back. After all, whenever they haven't, it's fine. Again - I don't know your situation, so take this with a huge grain of salt. This is just something common that I see - someone continues to take advantage of another's generosity, believing their are no consequences if they don't ever pay it back.
@ericawilliams9016 13 күн бұрын
This hits home me and haven’t been able to get it under control. Loved the video and so thankful for it.
@mappedoutmoney 12 күн бұрын
Thanks for watching Erica, it's a very difficult and nuanced topic. I'm glad you liked the video.
@Jacobhopkins117 14 күн бұрын
Great topic and explanation. Keep em coming, Nick!
@mappedoutmoney 14 күн бұрын
Thanks Jacob!
@Wuestenwiesel 14 күн бұрын
So basically helping with recurring costs or predictable costs like new washing machine, a new car is a no no. Helping with money as investment or an unpredictable emergency like an unexpected health care cost not covered by your insurance such as many new treatments for some illnesses or cancer is a big yes yes.
@JM.5387 13 күн бұрын
Not necessarily. You might be helping your kid with predictable costs while they finish school for instance -- subsidizing their living expenses while they finish their education and improve their employable skills. This is with the expectation that they will take over those expenses within, say, 6 months of graduation. In that case, the help would be an investment.
@Wuestenwiesel 13 күн бұрын
Yeah of course! This only applies to grown up persons able to stay on their own.
@stephaniegaddis1716 14 күн бұрын
Such an important topic! I loved the definition that distinguished between "helping" and "enabling." Using "blessing" instead of "helping" is also a great change! Blessings don't come with strings attached, but so much of the 'helping' I've witnessed had strings that stretch decades beyond when the money exchanged hands!
@mappedoutmoney 14 күн бұрын
So glad you liked the video and the changing from help to blessings. You’re absolutely right about the strings attached! Unfortunately I’ve witnessed a lot of that as well.
@Savannah-ed4rv 14 күн бұрын
I watch your videos off and on because the titles are interesting but you're obviously focused on people who have a lot of money to work with. I personally would not go through an entire list of things I want to do like travel and money for working out and then finding out that I don't even have enough money to buy groceries. That would be a total waste of time and energy.. a lot of people wanting to do a budget are struggling to get through a week or a month.
@mappedoutmoney 14 күн бұрын
@@Savannah-ed4rv sorry this content may not be for you! Feel free to not watch. However I will respectfully disagree. I have worked with people who make $2,000 /month and people who make $50k/month and we use this process for both and it works incredibly well. Yes the vision documents look different. But the visioning process is critical for both groups. It doesn’t matter how much you make if you aren’t clear on your vision and why you want to budget, you won’t stick with it. I’ve yet to meet a single person (even people making under the poverty line) who don’t have any waste in their budget. Everyone has an opportunity to better align their money with their vision, the key is though, they must know their vision. It’s okay though if you disagree. Everyone has a right to their perspective and I wish you well!
@RodneyForte-k5b 14 күн бұрын
AT LAST ..... I get it thank you Nick (teach YNAB how to teach)
@mappedoutmoney 10 күн бұрын
So glad you got it! Thanks for watching
@Elysia07 14 күн бұрын
I'm currently just using the envelope method and I like to let all my monthly contributions be roll-over. Except maybe Bills. I just pay whatever they cost, and keep a buffer amount in my bank to cover them. The buffer amount is just what i feel is more than enough to cover the worst case scenario with utilities, everything else is a fixed cost.
@leon4175 15 күн бұрын
i have lot of money back then but i dont have emergency fund. After i lost my job income, i have nothing
@sunnyside287 15 күн бұрын
We’ve put 9 months of total expenses in an account and forgot it exists. Only if one of us loses a job or gets ill, we’ll take money from it. Everything else like a car, holidays, house maintenance has its own account. Wants come out of the checking account!
@CurtisJensenGames 15 күн бұрын
7:36 - Debit vs. Credit transactions in YNAB is indeed what I was looking for! Going with the envelope example, it seems like YNAB creates and grows an envelope every time you "spend" with a credit card, because the bank is where the main envelope of money really came from.
@Elysia07 16 күн бұрын
I like to budget by weekly for things like eating out, groceries, etc.
@T_Le 16 күн бұрын
Great video. What works for me is to maintain a straightforward emergency fund. My largest single expense provision is for a home HVAC system, held in a high-yield savings account. Mid-term savings are in a managed brokerage account with tax harvesting, serving as my income emergency fund. Remaining funds are allocated to an early retirement brokerage account. I've maximized my HSA contributions, fully invested to cover significant medical costs. I contribute the maximum 15% to my 401(k). After monthly expenses, 95% of my income is invested. My approach allows for investment liquidation if necessary, while maximizing growth potential. Its best to find a financial framework that suits your individual needs.
@freyagrayden9851 17 күн бұрын
I am pretty sure that the method you are describing is just what is widely known as “sinking funds”? Have I misunderstood?
@skmorrow96 17 күн бұрын
Great video. I see YNAB updated the targets in October 2024. I am trying to understand those.
@mappedoutmoney 17 күн бұрын
Be sure to checkout this video here, I just did an updated guide! kzbin.info/www/bejne/Y5bTdmyfbsmelcksi=kClXTW083pM-kJ7B
@barbarabrown-r9d 17 күн бұрын
Thanks for the great explanation! Just a quick unrelated question: I have the SafePal Browser Extension Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). How do I go about transferring them to Binance?