I've know about YNAB for some time now but never tried it. The lack of fully automated "direct connect" to my credit union was the show stopper for me. A few of my colleagues really are fans and love it. After being right back again to a frustrated place with Quicken I'm diving in with both feet. I've talked in previous posts about how fully automating your budget is unrealistic and that you need to feel your money at an emotional level. What I'm learning is the fully automated "Direct Connect" makes your money less emotional and you don't feel it as much. YNAB gets this and has wrapped good technology around this concept and added a few wrinkles of their own. I'm excited to begin using this personally but also for the families I have the opportunity to coach I think this can be a very tangible execution tool. There is a fair amount of execution risk in Dave Ramsey's budgeting tools. Both personally and as a FPU coordinator the pen and paper is not well received and something from another era. BUT the every dollar having a job on purpose before the month begins is indisputable. I believe this software is the perfect companion to put the knowledge your getting from FPU into action put you on the path to financial freedom. I've participated in the initial webinar at this point and setup my budget and loaded the app on mine and my wife's smart phones. There are some great recorded presentations to give you an overview of how it works. It is a bit different and I found more value thank I expected in participating in the live online webinar. I did the most basic how to use the software Getting Started class thought by Lee Hammel. Here is a LINK to YNAB's live class schedule. Also Click Here for their on demand recorded classes. A couple things to know. There is a 34 day free trial then the cost is $60 per year. I highly recommend having Dropbox installed before you install the software. It uses this to keep your data in the cloud and sync between devices. If you try it and want to buy it here is a referral code that saves you $6.00 and we I receive $6 as well. http://ynab.refr.cc/MXLDK4M
The timing of this is really good as the Troy Fall class just did FPU week 3 Monday on budgeting. This is a great way to start your October budgets. Happy budgeting and I look forward to seeing you Monday for Dumping Debt. Post up your experiences with your budget and trying YNAB in the comments section below this post. thx dave
Dave Smith is part of the KCC finance staff and a Dave Ramsey Certified Coach.