I won a free copy of YNAB 4. I gasped when they called my name. I’d almost taken all the free classes, and I felt to repeat classes simply to keep trying to win would have been dishonest so my chances were almost up and then BAM. Got it.
I have already recommended it to ten other people 1 week into my trial. So, I hope I made up for the loss ;)
But this is about the money honey!
Thing is, I was a total financial mess when I met my (now) husband. Had a pathetic excel sheet that did nothing but keep track of what I owed people and helped me not forget a bill existed. I was living paycheck to paycheck , STILL, even after being in a career x 2 years that had increased my gross yearly income by 20,000 smackaroos. Crazier? I didn’t understand why.
But then my boyfriend (now husband) moved in. Right after a month where I had carefully kept track of how much I spent. We were drawing lines in the sand about who paid what. I showed him my budget. And I can’t ever forget what he said.
“That is a ridiculous amount of money spent on food.”
He had a Masters in Math and knew how to be frugal to the max. And my “budget” wasn’t anywhere close up to snuff. Frankly, three years later, he still thinks I spend too much on food. :smile:
A lot of things happened in the next few months after he moved in. We refinanced my car for a ridiculous interest rate to pay off the other debt I had that had even worse interest rates. He got a job offer out of state and I had to quit my full time job just to stay with him. I had 4 months to get some savings together to prepare for up to a year of unemployment after I arrived. And I managed to bring about 10k! But my spending was still as if I hadn’t just gone unemployed and 5 months into unemployment I was freaking. That “year” of money looked like it was gonna fall short by 5 months. Maybe. But I passed an exam, got a job (very part time) and I was back on track. Whew. I started slamming that car loan with the ridiculous interest rate. Brought it back to the level of “worth of car” and refinanced it for a mere 5.6% (better than 19%!) And paid that off Oct 2013. Wow. I owned my car in entirety. Then, I thought, what next? Well! How about a ridiculously expensive wedding?
Most of us know what THAT looks like. Top it off with the fact that we decided to buy and move into a house TWO WEEKS BEFORE THE WEDDING.
HA. Anywho. We just celebrated our one year anniversary two weeks ago, and have $800 left on a CC from that experience. And I still owe my “friend” for the house down payment. Oh, how much did he loan me? Oh, just about…12,000. Aren’t friends nice? Interest free even.
I figured out in the last three years that because of my partners income and sharing of expenses, I have about 10k a year to put towards things. Whether it be debt, a wedding, a house (but definitely not all at once, I don’t recommend that!)
Why YNAB? I suppose since it’s so awesome, it’s more like why NOT YNAB. But, Well, I went looking for budget software.
My Excel sheet had grown in leaps and bounds regarding all the info I was putting into it. and see… despite using excel, I knew how to do exactly two functions. Subtraction and addition. And making it match my bank account was hours of work every month. I also couldn’t bring it anywhere. IT was on my desktop, sometimes not looked at for a few weeks. I was also generally dissatisfied. I had accomplished a lot, but I wanted to accomplish MORE. I had the equivalent of half a months buffer, but I still felt FEAR regarding forgetfulness. Several high expense emergencies had hit at once, and we handled it, but not without a lot of fretful tears on my part. And a cancelled vacation. Le sigh.
My dog became diabetic and that was nearly $4000 to find out. (ER VET ICU be expensive.)
And my husband lost his salary TA job.
Did I mention both of those happened the same weekend? Yep. Same weekend.
Luckily, he got one more month’s salary out of the deal, and it’s not till August that his lost job really effects us. And now he starts his new job August 18th 2014. So only half a months’ income lost.
My job? I’m an Imaging Technician, PRN. PRN means no health insurance provided, no vacation accrual, no paid sick leave. but I make $5 extra an hour to make up for the lack as compared to my immediate coworkers. I’ve worked hard to be super available, and it’s paid off in that I am essentially half time at this point (still no benefits) and my paychecks don’t vary as badly (2k difference sometimes happened in the past.)
- With YNAB, there is hopefully no forgetfulness.
I can bring it with me on it’s APP.
And reconciliation has been a breeze (after a brief horrible bump 4 days ago. Learning curve. But what are my goals?
You have to have specific goals more, because “accomplish more” is just plain ambiguous.
- I want no more CC debt.
- I want an unemployment fund that could cover both of us 6 months.
- I want to be tear free during our next financial emergency. (Because it will happen.)
- I want to be able to give generously to family and charities I believe in.
- I want to be able to pay for my associates and bachelors out of pocket.
- And a long term goal? Pretty much quit my job when I work on my Masters 4 years from now and live on savings for my share of the household expenses.
- Retirement is a fuzzy thing to think about at 27 but that’s a focus I’ll have right after I graduate with my Masters.
Thanks for reading!