http://www.youneedabudget.com/wiki/ 2008-08-27T02:56:49-07:00 http://www.youneedabudget.com/wiki/ http://www.youneedabudget.com/wiki/lib/images/favicon.ico text/html 2008-08-19T18:47:44-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=overdraft_scenario_3&rev=1219196864&do=diff This is the most complicated method of dealing with overdraft, and likely the most costly, so if you can find a way to make one of the other scenarios work it is recommended. However, there will be cases, where that is simply not an option, so for those cases Scenario #3 exists. Here’s how it works: text/html 2008-08-19T18:20:14-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=overdraft_scenario_2&rev=1219195214&do=diff The key in this scenario is not depositing your paycheck into your overdrawn account, but instead cashing your paycheck (hopefully for free, or at the lowest check cashing rate you can find). Additionally, you will want to either pay your bills in person, using cash, or use money orders to pay any bills you must mail in (there may be fees to purchase money orders, but they are typically lower than overdraft fees). The only money you will deposit into your overdrawn account will be money that y… text/html 2008-08-18T20:56:51-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=overdraft_scenario_1&rev=1219118211&do=diff In this situation, you will deal with the overdraft much in the same way you would deal with a line of credit. Because it is in a separate account, it will be treated in the same way you would deal with any debt, by budgeting for it, and making payments to it. text/html 2008-08-18T20:37:19-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=overdrawn_account&rev=1219117039&do=diff Ideally, you should pay the overdraft back as soon as possible and resolve to never use it again. It is strongly recommended that you cut out all necessary spending until your account has a positive balance again. Fees charged for keeping your account in overdraft are high. Shouldn’t your hard earned dollars be given better jobs? The sooner your account balance at the bank is positive, the better. text/html 2008-08-18T20:14:31-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=line_of_credit&rev=1219115671&do=diff In this situation, you will deal with the Line of Credit (LOC) much in the same way you would deal with any debt, by budgeting for it, and making payments to it. For the sake of our example, let’s assume the overdrawn account is your checking account which holds a separate LOC. text/html 2008-08-18T19:52:52-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=overdraft_-_where_to_begin&rev=1219114372&do=diff Many users seek out YNAB because they are tired of letting their money control them. YNAB’s goal is to live one-month behind your income (Rule 1), but not everyone starts out that way. Many continue to live paycheck-to-paycheck until they can build up their buffer over time. It’s not the easiest way to use YNAB, but it will work. For those of you starting in overdraft you face an even bigger hurdle, but it is not impossible. text/html 2008-08-18T19:39:03-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=overview_section&rev=1219113543&do=diff The Flow of Money * Your Money Now * Your Money in Physical Accounts * Your Money Flowing In * Primary Income * Supplemental Income * Your Money Budgeted * Your Money Flowing Out The Rules * Rule One: Stop Living Paycheck to Paycheck * How It Works * Why It's Important * Implementation text/html 2008-08-13T20:42:17-07:00 Aaron Chankin http://www.youneedabudget.com/wiki/doku.php?id=method:your_money_in_physical_accounts&rev=1218685337&do=diff Your Money in Physical Accounts Okay, it's not quite true that your money is simply sitting in some unorganized mass under your (hopefully king-size) mattress. There's a bit more to it. Your money most likely sits in several different physical locations. This makes sense for various reasons. Though it does not make sense when it comes to managing your money in less time. text/html 2008-08-13T06:46:04-07:00 Kristen Niemi http://www.youneedabudget.com/wiki/doku.php?id=faq:excel_vs._pro&rev=1218635164&do=diff Are you trying to decide between YNAB Excel and YNAB Pro? Here's a table of some of the differences between the two. Choosing between YNAB Excel/Open Office (OO) and YNAB Pro Feature YNAB Excel/OO YNAB Pro Price $19.95 $39.951 Will this product help me with my finances? YES YES Do I get the benefit of the Four Rules? YES YES Can I track my accounts? YES YES Are multiple currencies supported? YES YES2 Is there a built in calculator? YES YES Do I get … text/html 2008-07-17T18:52:02-07:00 http://www.youneedabudget.com/wiki/doku.php?id=continued_use_credit_card_debt&rev=1216345922&do=diff So you’re committed to debt reduction but you’re still not quite on your financial feet (not yet living by Rule #1), so you are still using your cards on occasion (hopefully only on occasion). You should commit yourself to the following: Each month you will pay: text/html 2008-07-17T18:52:00-07:00 http://www.youneedabudget.com/wiki/doku.php?id=faq:countries&rev=1216345920&do=diff Absolutely. We’re getting great reports from users in Canada, the UK, New Zealand, Australia, Hungary, Germany, Switzerland… If you’re using YNAB Pro, the currency format changes based on the Regional Settings of your computer as set in the Control Panel. If you’re using YNAB Excel, the format can be changed so you see your appropriate currency symbol instead of the USD ($). You’ll need to unprotect the sheet (Tools –> Protection –> Unprotect Sheet) and highlight the cells you’d…