I'm 18 years old and I've been tracking my expenses for about 2 years. For 2 years I've been filing the receipts in two great binders. I started after having a long conversation with a successful self-made entrepreneur, one of the nuggets of advise he gave me was, "Track every penny." I also somewhat enjoy the process of filing and organzing my own finances (sad I know!). When I was studying poker I read a book which said, 'Treat your poker like a business'. I adapted the methodology to 'treat your life like a business'. Anyway, I digress. Basically, I love the idea of YNAB. Too long have I been mind-numbingly entering digits into Excel - what are we living in, the '90s?
Onto the substance of this topic: currently living with a family friend, and because I have an unstable income, he's doing me a favor by only taking a third of my earnings as rent rather than a fixed amount. What this brings to YNAB budgeting is that I cannot budget effectively because I never know how much my rent will be, and also what my income will be. I've read about this briefly, however my boss pays on a weekly basis rather than monthly, and sometimes I take home an 85% cut of income for the week (happens). Obviously such huge fluctuations in bills and income leaves me pretty helpless in terms of budgeting, as they'll either be a huge deficit or surplus in my categories.
For the last few weeks I've been noseying about the forum, and the general age range is no where near my own, (no offense young -- but still relatively older -- people!) am I simply too young for YNAB? My thought process is that I'll be better off if I start early, but perhaps as the target market for YNAB is above my own, a lot of the functionality will be lost on me. Also $60 of disposable income for a student is a fairly big hit!
I know that I've rambled on somewhat in this post, and I could have been more concise, however from what I gather you're a fairly friendly bunch of folks, and with the evidently great community present here, I have a feeling you don't mind socially rich posts.
All replies will be diligently read, studied and appreciated!
Last edited by Revi
on Sun Jul 29, 2012 3:27 pm, edited 1 time in total.