YNAB – The #1 tool for Financial Independence

When you think of money, what is the first thing that comes to mind? For me it’s budgeting.

For years I struggled with setting up a budget that would actually help me save money. It got so bad that at one time in my life I didn’t even want to log into my bank account to see how much money was there. I had tried everything from custom-made spreadsheets to Mint.

It wasn’t until a little over a year ago when I discovered Mr. Money Mustache’s blog. Once I started reading some of his posts I was instantly hooked. I read and read, sometimes not even understanding what he was talking about. I was trying to implement the strategies that MMM was suggesting but had very little luck with actually saving any money. At this time I was still using Mint and a custom spreadsheet.

I’m not exactly sure how I came across YNAB, but I believe it was thanks to a MMM blog post. I reviewed the app and quickly purchased YNABv4 in December of 2015. Sometime around the new year, they had released nYNAB (The New YNAB) which was a cloud application version of the software instead of a desktop application like YNABv4 and previous releases.

YNAB (v4 and the nYNAB) were exactly what I had been looking for to help to get a budget set up and start working towards FI. YNAB has a great support team and many free, online, live classes to help get you started with using YNAB.

Since starting to use YNAB a year ago, we have been able to pay off all of our student loans, pay off our 2011 Prius in less than a year, budget enough money to pay for Mrs. VOF’s college classes out of pocket, and build up a $10K emergency fund. We have also been able to make the maximum contribution for both of our Traditional IRAs for 2016 and contribute 20% to my employer-sponsored retirement account. We should be able to max out both of our employer-sponsored retirement accounts and Traditional IRAs for 2017 with the help of YNAB. Get started with YNAB today!

 

 

What budgeting tools have you tried? Comment below and share your story.

Leave a Comment