My mind was blown away when I first found out about the stories, rather than the software. I need to put more effort into getting family and friends into this.”
No longer being stressed about money is the most amazing feeling ever. Since I started YNAB in January, I’ve paid off my credit card debt completely, been able to buy a car (which is on track to be paid off early) and no longer feel any worry about making the bills, especially my student loan payments. Here’s a review that I just read yesterday on Reddit : This is why they don’t ever hold software sales now. You Need A Budget (YNAB) don’t even have to advertise their software – their users are simply marketing it free-of-charge, full-steam ahead and quite often, buying copies of it just to gift to their family and friends. Tonnes of people share their success stories on how they pulled themselves away mountains of debts, paid off their mortgages, credit card debts and student loans, built up emergency funds and started saving for their home and kids and investing for their future. You Need A Budget (YNAB) is an incredibly popular budgeting software with hundreds of thousand comments in its official forum and tens of thousands of subscribers in its Reddit thread. My time that I’m spending on spreadsheets is becoming more and more valuable, and I needed a more efficient system. With smartphones taking over the world and putting a powerful personal computer in everyone’s hands, it has changed my approach drastically. I relied on spreadsheets for the longest time. “Free” mah. Does it work? Yes. Of course, it goes without saying that if the circumstances allow for it, one should always go for insurance coverage first, and then investment/savings. Thus, more money for savings and investment! Haven’t you heard of executives who earn $4,000 or $5,000 which no savings? For many, budgeting also has the unintended side-effect of weeding out “inefficiencies” (expenses) and increasing “productivity” (income). Budgeting allows the person to be truly aware of what are his/her financial obligations and hopefully, their financial goals.Įven for above-average income earners, budgeting could be an extremely valuable habit. Very seldom is it the case of a single piece of “wise advice” that can cater to all. Why Budgeting Comes First For MeĮvery individual has their own set of financial problems to worry about. I felt that I am always in complete control of my finances – one of the most important skills that was never touched on in schools, and the one skill that has served me well to this day. It is amazing what budgeting can do – something that had started out as a chore and a need eventually became empowerment as I grew older. Not budgeting carefully could mean a mega disaster, and I am not a person who likes to ask for help even when I screws up – I would rather go hungry or rely on my stash of instant noodles at home. This means that on weekdays, I have no food at home.įor whatever $X dollars I received monthly (salary) and yearly red packets (bonus), it covered everything from my food, my transport needs, miscellaneous school expenses, and whatever crap you can think of for a teenager. The reason for doing so is that both my parents worked. I started budgeting when I was really young and probably still studying in secondary school (that’s about the age of 13 to 16 if the term secondary school isn’t familiar to you). Even then, I feel that budgeting still has its value.
Personally, it helps me to create and more importantly, continuously maintain a sense of awareness about my financial situation. Many people have the capability and capacity to save and invest. “Huh? Budgeting? What’s the link?”Īs the cliche saying goes, “If you fail to plan, you plan to fail”.īudgeting comes first for me due to a variety of reasons.
#BEST PERSONAL BUDGETING SOFTWARE 2018 HOW TO#
When the question is posed to me on how to optimize saving or investing, my answer usually draws a blank face. In my simple world, there is basically golden triangle of three parts, each aspect of equal importance. If someone were to ask me to summarize what I know about personal finance into a few simple points, perhaps this is how I would do it. My referral link is only for 1 month which is not the best deal for you.
#BEST PERSONAL BUDGETING SOFTWARE 2018 TRIAL#
Updated Dec 2018 : The best deal for YNAB right now is 3-months free trial which you can get from a Google search or clicking here.
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