Should you use You Need a Budget (YNAB) in your business?

Should you use You Need a Budget (YNAB) in your business?

Do you have a business? A side hustle? A freelance gig?

How are you handling your money in your business? And yes, if you have a side hustle or a freelance gig, you have a business.

Ugh, you know what that means. Taxes! Bookkeeping! Headaches!


What if I told you that there was a simple tool that never gets talked about in business-finance-tool roundups, but which does a lot of the most important things those other tools do, is less expensive, easier to use, and which also helps you with really important things you’re not even thinking about (but really should be)?

F*ck single ply (AKA stop feeling bad about spending money!)

F*ck single ply (AKA stop feeling bad about spending money!)

Do you ever find yourself saying, “Oh, I know I shouldn’t spend that, but…”, or “I know it seems extravagant, but…” in a dismissive way - in a way that indicates that you should feel guilty or ashamed of your spending?

Stop doing that.

I want you to stop feeling bad about your spending.

Can't afford it? Or it's not in the budget?

Can't afford it? Or it's not in the budget?

I want you to try an exercise with me today. Take a deep breath, get out of your chair, and touch your toes.

Whoops, sorry - not that kind of exercise. Phew! You can stay sitting right where you are for this one. Sit, close your eyes, and take a deep breath (deep breathing is required for all kinds of exercises, it’s a rule).

Think about something that’s out of reach for you, financially.

This could be something grand, like a big international vacation - or something more mundane but also important, like getting a new couch when your old one kicks the bucket, or funding your emergency savings account.

You need a budget - How to tell if YNAB is right for you

You need a budget - How to tell if YNAB is right for you

This was going to be a review of You Need A Budget (YNAB). You know, an unbiased look at the pros and cons of a very popular piece of personal finance software. And while I am going to talk about the pros and cons of YNAB, I can’t bury the lead.

You guys, I love YNAB so much.

I’m a YNAB evangelist and I don’t care who knows it. I can’t pretend to be unbiased about this at all. I’ve been using YNAB for a decade and use it with 100% of my clients. I’ve tried other tools and they just...fall short.

That said, YNAB isn’t for everyone (who said that?? Not me!). Here’s how to tell if it’s right for you.

How to make a better budget? Start with the ingredients

How to make a better budget? Start with the ingredients

I talk about budgeting a lot here. It’s...kind of my thing. But if you’ve read some of my posts about budgeting you’ve probably figured out that I don’t do “regular budgets”. I only do good budgets.


How do you make a good budget? Whether you’re building a better budget or making a gourmet meal, what do you start with? Better ingredients. If your building blocks aren’t right, how can your budget be right? You wouldn’t make a third-date-dinner with stale ingredients, would you? Why do you keep making “budgets” without of date ideas and tools?

How to feel better about your finances with a money buffer

How to feel better about your finances with a money buffer

On this blog, I talk a lot about practical things - saving up an emergency fund, budgeting like a boss, and specific tips and tools for getting ahead financially. That’s all helpful stuff and I’m happy to provide some guidance and resources to help you.

Do you know why I’m really here, though?

I want you to feel less sh*tty about your money.

I want you to feel more freedom and choice around your money.

I want you to feel less panic and more peace.

I want you to sleep better at night.

I want you to stop living beyond your dreams.

One of the best ways to achieve these things, that very few folks talk about, is a one-month money buffer. This is also referred to as living on last month’s income.

How to save up an emergency fund

How to save up an emergency fund

You know that you need an emergency fund and why, what to do with it once you’ve got one - how much to have, where to put it, and when to use it - but if you’ve still got one burning question left, you’re not alone.

How on earth am I going to save up that much money?

The good news is that you can do this - even if you don’t have tons left over each month. It will just take a little more time. So without further ado, let’s look at a few ways people have successfully used (myself included) to save up a big chunk of change.

 

How to handle emergency savings

How to handle emergency savings

In my last post, I (hopefully) convinced you that you need an emergency fund (click here to read that post if you missed it!). Especially if you’re in debt or have a variable income. So now you know what an emergency fund is, who needs one, and why they’re so important. If you were already on board, read on.

I bet you’ve still got some questions, though - namely how much you should be saving, where to put it, and how to know when to use it (and when to leave it alone!).