Thanks Matt! Yes, the elevated welcome offers are still going to be the best way to get the most value from your spend, and if you chain multiple welcome offers together, there's no need to worry about multipliers. But once day, there'll be a period where you may not be chasing a welcome offer. In that case, having a core setup (and a lot of transaction data) can help customized that setup for you! I appreciate it bro!

That's awesome to hear Tariq! I'm happy to hear that YNAB was able to improve your financial life and now you can enjoy credit cards the way they were meant to be enjoyed - massive value to you without paying any interest to the banks!

That's great! I also moved from Mint about 3-4 years ago too and used YNAB to really help fine-tune my finances. It used to not be as great for credit cards, but they've made updates to make it a easier to understand since the app has quite a steep learning curve. I agree that it's super helpful to keep track of expenses and always be a month ahead!

Me, too! Thanks for telling us about the toolkit extension 🎉

Awesome Nate! That's longer than myself! I'm surprised you've never used the toolkit, but it is definitely a game changer! YNAB doesn't place a lot of value on reports, but I think that's a big mistake. Luckily, Toolkit for YNAB has made the reports so much easier to work with. Have fun with it haha!

@@cristinaballi Of course! Definitely a must-have extension for YNAB!

Sure thing LK, those would definitely be some interesting studies to do! Will look into the data and see what I can find!

@@TheCreditFrog That would be a great video. Here's the high-level annual spend. Run it through the C1 Duo, Vs Amex Vs Citi cs Chase tri-quad-quint-fectas - vs what Stan's actual setup. Go all in with Ink cards on team chase. And use your actual numbers as a rough guide with the data tweaked for privacy - then adjust to say an arbitrary income number. I've been talking with Matt about doing this on hotel cards setups.

Thanks Tony! Yeah, YNAB is an amazing expense tracking tool. Hah, must be nice to have only 3 expense categories - I certainly have more than that, but if you have a system that works great for you to help curb spending, then that will be the best one. YNAB is great for diving into the nitty gritty. Glad you enjoyed the video! You're a smart man in my book!

Yeah, the native reports section does similar things, but the Toolkit really makes those charts and graphs way better aesthetically - and much easier to read too. I think it's great for customization as you said, but since I've had it, I've never really even looked at the native Reports because Toolkit Reports are so much better!

Oh that's interesting! I've never seen a structure where you get better rewards the more debt that you have. 3% on everything is pretty solid so that would definitely be a card to consider if it fits your strategy. Again, I'm not sure if rewarding people for higher balances is the way I would go, but if you can handle it, 3% on everything is nice.. as long as you stay in debt??

@@TheCreditFrogfor sure, but a home loan is usually well above that $100k mark and on a 15-30 year term is standard. I’m not sure many of us would still be playing the game in 30 years. 🤷🏻‍♂️ if it’s a competitive rate I could see it being well worth it to go with them

Hey Charles! Yes, I do! If you use my link to sign up and then subscribe to YNAB after your 34-day free trial, we both get one month free! I appreciate you using the link to support my channel. Once you get the hang of YNAB, you'll be amazed at how much information you can get from your budget/expense tracking! Just use this video as a guide to do the initial setup!

Haha! Appreciate it, Monty! There's always something more to learn even at the "master" level so it was cool showcasing what I use to keep track of my expenses. Data-driven approach is how we can make good moves to get the best credit card value!

You're welcome Jimmy James!

That would be nice just in case it happens! Hopefully we’re not paying any late fees though!!

Definitely give it another shot! I know that it's confusing at first, but once I got the hang of it, it's an incredibly powerful app. As I mentioned, because this app is essentially a register, you would just enter in the payment amount into the app, and YNAB will keep track of it.

You're so welcome! Thanks for the question, and appreciate the Super!

Ain't that the truth. These expense examples need to be doubled, but I worked within the challenge I was given!

Please don't hold it against Stan. I am the one who established the parameters and I will readily admit I did little research. However, I include this link from the Bureau of Labor and Statistics. As a qualifier, it was published as of Sept 2023 and so has 2022 data. It states that for an average income of $94,000/yr, $9,343 is spent on food with $5,703 being in home food and $3,639 being eating out. The parameters I gave Stan was to assume an income of $70,000. Given these are averages and the average is 33% more income than the target I gave Stan, I think it is logical to assume an average family with $70,000 would spend less than $9,343/yr www.bls.gov/news.release/cesan.nr0.htm

Congrats Ahmad! You are FIRST today! 🥇