2023 YNAB BUDGET for BEGINNERS step-by-step tutorial | PART 1 setting up MY 2023 FINANCIAL PLAN

Рет қаралды 72,732

Күн бұрын

Try YNAB FOR FREE : youneedabudget.a4xxmk.net/Y9GzNe
Here's how to build a budget with YNAB in 2023 from start to finish! PART ONE of this beginner's guide to YNAB walks through how I am setting up my personal budget, including budgeting for fixed expenses, variable expenses, savings goals, and debt payoff goals. We go over how to use YNAB targets to reach your financial goals, and my 2023 financial plan!
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➡️ PART 2: • 2023 YNAB BUDGET for B...
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✨ RELATED VIDEOS:
YNAB Beginner Playlist: • ALL THINGS YNAB (YOU N...
Sinking Funds: • SINKING FUNDS FOR BEGI...
Credit Cards In YNAB: • YNAB Budget with Credi...
YNAB Targets (AKA Goals): • YNAB GOALS 2022 | use ...
Expenses You're Forgetting To Budget For: • Top 13 Expenses You're...
CHAPTERS:
0:00 intro to part one
1:53 YNAB beginner overview
5:07 categories and category groups
6:06 fixed expenses/bills
8:42 variable expenses
11:55 savings goals/sinking funds
18:23 YNAB targets/goal setting
25:55 sinking fund targets
31:05 debt payoff goal setup
33:49 completing set up
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Views expressed in this video are my opinion and should not be interpreted as professional financial advice. I am not a certified financial advisor.
Subscribe to learn how to save money, pay off debt, and invest to feel more confident with your money!

Пікірлер: 89

@JoeShockey 8 ай бұрын

This is a brilliant tutorial! The content is very good, and the presentation is excellent. No need to speed it up to 1.25 or faster (like many of us do for tutorials). Lexa talks fast, and uses no fluff or filler words like um or ahh. Well edited and boiled down to just a constant stream of good content. I can't tell if she is following a script or is just a naturally gifted speaker. Well done and recommended.

@allisongrinberg-funes9267 Жыл бұрын

Thank you so much for making this! Ive watched different tutorials by other creators and found yours so well-paced and accessible, I'll definitely be watching part-two. Im a writer so I know how much work goes into these. Thank you!

@heyheyheyhi Жыл бұрын

I just want to say THANK YOU SO MUCH. This should be an official training video!

@angelabarnard8029 Жыл бұрын

Lexa! I freaking love you and how you set things up! THANK YOU!

@auronmusic1465 11 ай бұрын

Thanks Lexa for this video tutorial !! 👍🏻 It is very useful for new joiners to YNAB, more useful than the Tutorials by YNAB itself. Keep up the awesome work to help people like us get used to YNAB and be able to manage our finances well. Your classification of categories makes a lot of sense and something which I plan to do as well. Appreciate your efforts and kindness to share such valuable information with other YNAB users !! 👍🏻😊

@geekrific 10 ай бұрын

Thank you so much for explaining YNAB in a clear, concise and fun way! I have been attempting to get into YNAB for a lonnnng time and I'm jumping in because of you!!! Big Hugs!!

@Jonathan-ub6kt 10 ай бұрын

Super helpful video! Thank you for breaking everything down so well.

@davep6603 9 ай бұрын

I am returning to YNAB after a few years off. Rather than try to figure out my past budget, I decided to start from the ground up by setting up a brand new budget. This video is a huge help. I'll be watching Part 2 once I am done with my initial setup. Thanks for making this!

@Izzybella89 9 ай бұрын

This was amazing! Thank you for making this easy, and I feel less stressed out. I'm hoping I'll stick with this!

@StopMoMama Жыл бұрын

Thank you so much! I've used YNAB (poorly) for a year and never quite understood all this. I also hate watching videos and following directions, but you kept my attention. Will watch more!

@anaschubert1532 Жыл бұрын

This was so helpful! I’m finally understanding how to set up this app. Thank you!!

@stevevuoso8411 Жыл бұрын

This is the best YNAB set up video I’ve watched so far. Good job.

@alyssacampbell5179 8 ай бұрын

Lexa, you are AMAZING! This was such a helpful tutorial.

@KelseyAlexandrea Жыл бұрын

This is great and super easy to follow! Very excited to start! Also, your voice is so nice to listen to 😊

@702desertmom 11 ай бұрын

This is a great video! I’m considering doing YNAB and wanted to see how it works I’ll definitely watch the second one.

@lukesmithkaz Жыл бұрын

Thanks for this! I recently re-started my YNAB budget after... ignoring it for all of the pandemic... Whoops. :) This was a great resource to help me understand each target type and how best to utilize them. Moving on to the credit card video now... The credit card section was always so confusing to me!

@chriswallbruch9523 9 ай бұрын

This was super helpful! I’m a brand new YNABer (Mint refugee) so this was really useful, thank you!

@gpaige_95 8 ай бұрын

Same!

@user-ki6xd1oc4x 7 ай бұрын

Me and my girlfriend are getting started with YNAB in the new year as we combine finances, this video was super useful! Thank you so much. New subscriber.

@cristaurena1472 2 ай бұрын

WOW this was so useful and overall so insightful. thank you!!!!

@rachelbarry6699 3 ай бұрын

Massively helpful tutorial. Thank you!

@Flowergirl307 3 ай бұрын

Just getting started with YNAB and this is so helpful!!! Thank you 😊

@lorenrabbat2637 7 ай бұрын

This.was.phenomenal. THANK YOU!

@av8r22 Жыл бұрын

WOW! Thank you so much!! I have ADHD as well and I"m like OMG yNAB makes so much better sense now. Thanks for this!

@JamieSmithCoach 11 ай бұрын

This was super helpful thank you

@a.n.tipton5204 Ай бұрын

This is such a well done YNAB video. I felt kind of overwhelmed at first but I followed along with your video and absolutely love the result. Thank you so much! I really liked the way you set up the categories. It makes so much sense.

@vodkasoda12step71 7 ай бұрын

SO helpful! I don't think I've ever sat through 30+ minute KZfaq video before... on my way to part 2!

@Sannaland 11 ай бұрын

AWESOME video!!! ❤

@Specificpickle Жыл бұрын

I am not paying for YNAb, but this has been SUPER helpful for hearing about budgeting still. Just your thoughts on categories and the logic behind them all even helps me organize my primitive excel sheet :)

@TheAvocadoToastBudget Жыл бұрын

Yay!! I love that so much!!

@arethaj6688 3 ай бұрын

Thanks for your awesome video. I am new to YNAB and was struggling to get going.

@ThebookishSAHM Жыл бұрын

Great video. I'd love to see a more indepth vid about loans in YNAB

@agustami956 8 ай бұрын

This was excellent. Heard about YNAB due to Ramit Sethi but this tutorial gave me the confidence to jump in. Signed up via the website so I do not have to enter CC details during the free 34-day trial

@JC-bm7nv Жыл бұрын

Just starting a trial of YNAB and your video has been the most helpful out of all of them. I have a 3 family property I want to include with my budget sort-of separately and I hope your future videos will help explain how to do that along with my personal budget. Anyway, Thanks and I will follow from now on.

@adambishop1066 5 ай бұрын

So helpful!! Thank you :)))

@darlabaliko1813 Ай бұрын

Excellent tutorial! I hope you keep making videos. Would love to see updates for 2024 (esp when creating Targets). Also would love to see how someone self-employed would use YNAB. Do you use ATB category for business expenses? Would love to see how you integrate personal and business using ynab.

@avici0182 Жыл бұрын

Thank you!

@roula79v.5 Жыл бұрын

Restarted today. I've been spending like crazy the last years.... can you speak a little slower? Not native speaker and struggle to catch up with you 😉

@rhondasolomon7817 Жыл бұрын

Hello, under the wheel icon for settings you can slow down her video, or speed it up. It’s very helpful! Good luck with your new start.

@mrsmarr3308 8 ай бұрын

You can slow down the video and turn on automated subtitles

@belonging9200 8 ай бұрын

You can slow down the videospeed

@dhuratadobbins3001 Ай бұрын

@@rhondasolomon7817at 0.75 of the speed is awesome btw 😊

@user-tq4bj4vh4n Жыл бұрын

Lexa, what YNAB app are you using on your Mac? Your idea to input all this information on the computer is such a time saver! THANKS for putting together such a helpful, organized presentation🤟

@christiemole4435 Жыл бұрын

Thank you!!!!

@nosirrahm Жыл бұрын

I abandoned all the YNAB shell budget categories too. I already had a spreadsheet, so I needed them to be the same Housing, Transportation, Pets, Shopping, Entertainment, Debt. I need to be able to see those percentages.

@susanmarovic7037 8 ай бұрын

Thanks!

@valeriejaeger4918 Жыл бұрын

Thank you thank you thank you thank you thank you! I ❤ u!

@bergenwilde8358 Жыл бұрын

Oh yeah, thanks a bunch for this! The YNAB starter video is not at all for beginners. It's just a more detailed marketing video 😂

@lakeisharhyant2045 Жыл бұрын

Never mind im watching pt 2 whicj woll probably answer my question. This is very helpful. I use ED but very very simply. I love that I don't have to do my own calculations as I try to do every month. I use my credit cards for perks and pay off every month. I fell al tad behind with paying off card but I was doing alot of spending around the holidays and after ore than normal. I guess retail therapy been going through alot. But I have been ready to get back on track which I am. So I signed up for this yesterday and today watching your video and put together my video. Now I'm trying to figure out how to pay off card and where to start my target dates. 🤔 I have them entered as when they will be paid but still need to catch up on my credit card. How can I do this without overbugeting? I'm only maybe a month behind if there but I put everything on the cards for the perks. I'm open to suggestions. Thanks.

@abbywolfson9661 2 ай бұрын

really really good! the only thing is I can't find the savings plan builder. did that get changed in 2024 and is it called something else?

@evecadet2120 11 ай бұрын

Very helpful video for the beginner. I am considering purchasing the YNAB app. Is it a one time payment for the app or a yearly renewal?

@mikescarborough9196 8 ай бұрын

I recommend setting aside 10 - 20 cents per mile for unexpected car care repairs or more if you want to keep up with the depreciation of your car in addition to any repairs. And stay away from after-market extended warranties. Trust me on that one.

@lisahufnagel2286 Жыл бұрын

How do you deal with bi-weekly mortgage payments?

@itk3933 3 ай бұрын

Thank you this was great. I did have to slow you down .75 though!

@leighanastasiamama Жыл бұрын

This was very helpful! Thank you!

@janeldamiani3820 Жыл бұрын

What if your water or power is always due on certain days of the month, like it's never consistent? Does that matter?

@DoubleSchmidt 5 ай бұрын

Where is that bookshelf from?!?! I love it!!!

@nf3126 5 ай бұрын

Hi Lexa. Not sure if you mentioned this, but what do you consider Fun Money? this is where I have trouble, because I also have an Eating Out category... so fun money is outside of that but can be so many things

@elenadelisle 7 ай бұрын

I have several bills that come through every other month, waste management, water, electricity, etc. How would you categorize?

@Magicwithizz 10 ай бұрын

I got a free year for being a student, and I’m finally coming back to it like 5 months later to try again because it confused tf out of me

@lace_sunshine_face 10 ай бұрын

I'm confused with setup bc on the left I do not have an option to start a new budget, it doesnt say reports, I've linked accounts but they are also not showing up on the left

@hannahheath9162 13 күн бұрын

Is the type of target feature now not offered with YNAB? I have the app now and it does not allow me to categorize. Is this only for the paid version?

@DallasSuburbsLiving 7 ай бұрын

I just side up and my set up looks different. Its set your first Target? Step 1 or 3 Am I doing this correct?

@Jmay411 3 ай бұрын

I’m using the app and I’m confused how to set up monthly target for long term savings

@rasmikah007 Жыл бұрын

Hi Lexa. Can you do a budget where you get pay on the 21st of the month and it covers bill for the following month? I’m struggling on how to do this.

@TheAvocadoToastBudget Жыл бұрын

I'm hoping to restart my "Budget for Me" series soon! So hopefully I'll have some examples of that. I also think Part 2 will answer more of your questions around what that looks like! That should be up tomorrow or by the end of the week!

@rasmikah007 Жыл бұрын

Thank you. Will look out for part 2

@pricilasanabria1882 Жыл бұрын

@@TheAvocadoToastBudget I would love to be apart of your Budget With Me series. I just came across your video and YNAB. I don’t have a budget in place at all but how you explain this software and how you use it makes me want to get serious about budgeting. I hope your series comes back soon and I can be featured 😊 !!

@nickqtv Жыл бұрын

I guess I need to add YNAB to my fixed expenses :( I am so bad at money

@cafelingua8138 9 ай бұрын

Do you do one on one coaching ?

@elizabetholsen7550 Жыл бұрын

I haven't watched part 2 yet, but my husband and I put all our bills on our credit cards and pay those off in a lump sum every month. Will this type of method still work within YNAB?

@lw1405 5 ай бұрын

Yes, many, many people do this. Go look at Nick True's YNAB credit card video

@kelhinna9153 Жыл бұрын

Goodness...sounds like you're wired up on Red Bull lol!

@what200883 Жыл бұрын

My daughter’s name is Lexa 💕

@user-tq4bj4vh4n Жыл бұрын

Never mind, I just realized you’re on the web version, duh

@kbar4381 7 ай бұрын

Not the best tutorial for people like me with below average financial literacy.

@outbackyank6122 Жыл бұрын

wow.......i cant listen that fast!!!

@katrinaslorstad6078 10 ай бұрын

Ok but what exactly do you buy for 50 bucks on your plants?!? Lol or do you buy $50 worth of plants a month!?! 😮

@wellnesscanceradvocate8564 7 ай бұрын

Slow downnnnnnnn

@DenaWald 9 ай бұрын

I'm sure the info is great, but you go way too fast. Guessing it's to keep the length of the tutorial as short as possible.

@leahwalton6889 5 ай бұрын

Under the settings icon on the top right corner, you can change the playback speed to .75 or .50 to slow down the video.

@backiejigley1208 6 ай бұрын

Who has a freaking computer and all of these videos are on a computer

@thesteward1442 Жыл бұрын

you talk too fast for beginners to comprehend the content

@TheSwimmom1 8 ай бұрын

man you talk really fast

@lanipalarca8235 3 ай бұрын

You probably have good content. Had to quit. Are you in a hurry that you talk too fast. Cant continue listening. Sorry

@teapurveyor Жыл бұрын

It's definitely the same on a PC as on a Mac... it's a website!

@ncc926 Жыл бұрын

I just signed up for YNAB again. Your video is extremely helpful. Especially the ADHD tips 🥲

@user-ki6xd1oc4x 7 ай бұрын

Me and my girlfriend are getting started with YNAB in the new year as we combine finances, this video was super useful! Thank you so much. New subscriber.