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:
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.