Basically my financial situation is:
Me work.
Me get paid.
Banana purchase.
Repeat.
I too am an ape
The worst part is that I love math and numbers...just hate money and having to worry about it.
God no. I got in so much debt with ADHD and no budget. Finding YNAB saved my ass and allowed me to buy a house right before it became impossible to do so. Now I won't pay YNABs insane prices but I still use the same methods.
But obviously I have ADHD so I've had to restart that budget many many times. I've forgotten about it multiple times over the last 13 years. But I'm finally consistent with it. I check it when I'm going to make a big purchase, I know my general what I need weekly, and I fully review it every pay day (or you know, 2 days later shhh).
every two years I try to do spending analysis and load up ynab again (the original desktop version)
it lasts shorter every time I do it, and I just revert back to "okay I make about this much, these are my bills and savings that automatically transfer/pay, so I should be able to spend around x amount" and then just keeping an eye on minimum balances. I just can't do all the work categorizing spending like I just don't really care where I'm spending money, as long as it's within reason
🙌 putting all my stuff into ynab4 since like 2012, i just do it once a week
Basically what I do with Actual Budget lol. God I loved YNAB but I made the mistake of upgrading to NYNAB when they rolled that out. It was good for a bit but it's so very expensive now and they added this nasty social media aspect to it and it's just bloated, laggy, and expensive. I think I started with them in 2012 and I left last year.
My wife got us on YNAB, and we were able to pay off her student loans within a few years. We are only able to eat and afford clothes because of her immense efforts with YNAB.
Although, the insane prices are indeed becoming unbearable. I'm also getting more concerned about privacy and their priorities as a company. I'd love to switch to Actual Budget, but there are just a few features on which my wife completely relies which don't exist in AB.
Ooohh which features?
I don't remember. You'll have to ask her yourself.
Theres loads of ways to manage your spending without a budget, more effective for most people too.
There’s a psychological horror game I play. Occasional jumpscare, but mostly just slow building dread.
It’s called You Need a Budget 4.
(None of that modern YNAB shit, this one’s old school and out of support. I’m not paying a subscription to manage my cash.)
That's a good way of describing my system. I put the bills on auto pay and stop spending when it runs out.
I can't imagine how people could be so precise & rigid with their own personal liquid finances. It's all about vibes for me. Always has been.
My budget is rigid where the expenses are rigid (mortgage, daycare, utility bills) and fluid where the expenses are fluid (eating out, date nights, video games)
Who needs budgets when you have terrible anxiety about spending money
I used to keep my checking account balance in my head and would only see the balance on ATM receipts. Only bounced 1 check in about 6 years in my teens/early 20's. Needless to say, my wife was horrified and is the family banker.
I just make my direct deposit put certain amounts of money into accounts that cover essential things like bills, mortgage, savings, retirement, etc. Then what’s left gets put in my checking account. Thats basically money for spending on whatever I want or need that week.
What does "official budget" mean? Serious question, what else are you supposed to do other than check your account every once in a while*?
* (and by that I mean get notifications from your bank if there's any movement)
I have an excel sheet with basic things like my income, rent, other monthly items, and rough estimates for things like groceries or regular hobbies. Then I look at what's left over and use that as a reference point. I definitely don't keep a very strict budget, and you vould argue it doesn't fit the bill for an "official budget", but it's worked well enough for me so far
Also my banking app has some basic budgetary info, so I can look at my monthly spending and such
In control enough of your finances enough to know about how much you spend on food, fun, and other living expenses, as well as awareness of how much you have (or dont have) available for spur of the moment things like bar trips or whatever on a paycheckly basis.
Bonus points for saving for plans for this year, to include that concert you wanted to see. Bonus bonus points for having some sort of plan for retirement beyond social security and walmart greeter.
Some people use apps or spreadsheets to have a very structured budget. I am not one of them. I have a concept of a budget.
I use a spreadsheet. Mainly so I can see where my money is going/how much I need to get paid to continue not being homeless.
To be very fair though this isn't a skill I learned so much as one that was forced on me by the military before they'd let me "adult". By adult I mean live on my own.
Very interesting, how’d they enforce that?
I don't budget, would never be able.to follow it. Just good enough at being able to spend less than I make to the point I have a house.
I have a math brain; I do not, however, have a brain that can make plans or follow them consistently
That's me. It's simple. You live a cheap life with a good career
Long time ago I had the benefit of spending a couple years in banking. Bankers have a very different attitude about money than most people since for a bank, money is the "product."
The most valuable thing I learned from that experience was that in order to be in control of my finances, I had to have a clear understanding of what my money is "doing." Just being able to get that insight has been enough to keep me relatively on top of my book keeping.
sounds like something people with leftover money do
the change is pretty stark, when you go from living paycheck to paycheck to suddenly getting a choice again.
What do you mean "budget"?
It's like a parakeet, I think.
Ahh, makes sense. thanks.
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