For those that do not know, YNAB, pronounced “why-nab” stands for You Need A Budget. YNAB, the brainchild of Jesse and Julie Mecham, started in September 2004. These four standard principles create the foundation of the budgeting system:
- Give Every Dollar a Job
- Embrace Your True Expenses
- Roll With The Punches
- Age Your Money
According to YNAB, following these four principles should help you better your finances. Here is a brief overview of the four principles straight from YNAB.
On the way to work this morning I thought about our current financial journey and I am thankful for the financial tools we have found along the way.
We used Mint for a while and it is one of the most popular financial apps according to a recent Rockstar Finance Poll amongst 137 financial bloggers. Personal Capital is the most popular, Mint comes in second, and YNAB is third for budgeting apps. I voted mainly for YNAB because that is what we use daily. Mint just seems more like a budget tracker than a living breathing spending plan.
Good advice tells you how to succeed.
Effective advice shows you how to succeed.
– Ben Carlson
Great article today from Ben Carlson check it out below! Really examine the advice you give today and over the weekend and make sure it is not only good but effective!
via Good Advice vs. Effective Advice by Ben Carlson
Really, we’re just trying to help people be able to afford avocado on their burritos
Looking forward to trying out new personal finance software WizeFi. Check it out here.
via Jonathan – Co-Founder WizeFi
Beat back the hairy, sweaty hand of debt and take control of your finances! Listen to the podcast here:
via Jesse Mecham – YNAB Podcast “293 – Is There Good Debt?”
Even though you think you are alone and no one can relate to your financial situation THAT IS NOT TRUE! There is always hope!
via Straight Talk on 10 Common Personal Finance and Career Issues – The Simple Dollar