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Financial stress can cause real havoc on you and your relationships. You probably already found this out the hard way. You know you need a budget. The simple, yet effective app called “You Need A Budget” (YNAB) is taking the world by the wallet and helping people just like you pay off debt.
Budgeting can be hard, boring, and honestly, if you are not in a good financial situation you probably want to ignore it. For many of us, debt is a part of life. Oftentimes, we end up living in debt our entire lives, living paycheck to paycheck until the day we die.
Well, that is where the budgeting software You Need a Budget comes in handy.
YNAB is an interactive platform that allows you to take control of your budget. It does this by giving you access to all of your financial accounts on one platform. Then, it helps you organize where your money is going, so you can make better financial decisions.
The 4-Step Method
The creators of YNAB believe that you can achieve debt freedom through budgeting by using their 4-step method.
#1 Give Your Money a Job
You need to take control of the money you earn. Everyone should have a plan for their money and be able to tell their money where to go and what to do.
Within the YNAB software, you can assign your money a job by moving money around the interactive spreadsheet. You’ll know exactly which bills you need to pay, when to pay them, and the amount due.
#2 Embrace Your True Expenses
The next step is to plan for large expenses that you don’t pay often, like an annual insurance premium. YNAB makes it easy to create a savings goal that helps you designate money towards those large expenses you don’t always plan for.
Each month, you’ll be able to put money aside and no longer stress about not being able to make those hefty payments.
Additionally, your cash flow is displayed in real-time within the app once you link your financial accounts. No more guessing and checking multiple accounts! YNAB provides the total amount of cash on hand so that you can see where your money can go.
#3 Roll With the Punches
YNAB has found that life happens and unexpected expenses happen too. If you have an unexpected expense come up, you can easily adjust your funds within your budget to keep your finances balanced.
#4 Age Your Money
Step 4 is where you will begin to see the huge results of managing your budget through YNAB. The goal for step 4 is to be 1 month ahead of your expenses. Therefore, you’ll be spending money that is at 1-month old, or “aged.”
When you are a month ahead of your bills, you’re no longer living paycheck to paycheck. Naturally, you’ll even start to spend less than you earn.
What are the Benefits of YNAB?
So, now that you have a better understanding of how YNAB helps you budget, you may be wondering how it will make your life easier! YNAB not only works from your desktop, but it is also compatible with the following devices:
- Amazon Echo
- iPhone
- Android
- iPad
- Apple Watch
- Alexa
With all these devices, you to access the software from where ever you are that you do not miss a beat with your money.
What’s the Cost of YNAB?
Think YNAB could help you out? Guess what?
YNAB offers an unheard-of 34-day free trial! You don’t even have to enter your credit card information to activate a trial. After 34 days, you can let the account expire or begin paying for the software.
The regular cost of YNAB is $11.99 per month which is $144 per year. You can also pay for an annual membership at $84 per year, which will save you $59.00!
You Need a Budget seems to have everything you would need to take control of your finances with a no-guess, no-guilt approach.
Click here to get YNAB Today!
Budgeting needs to be a priority for you and is a must-have skill to teach your family. Why continue to struggle on living paycheck to paycheck when you can take total control of your money and become debt-free?
If you would like another resource to help save you time and money check out our FREE Holiday Gift Tracker.
P.S. Check out how we learned to spend less, earn more, and become debt-free.
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