Yesterday we learned that to master our money we have to budget our dollars and follow the plan.
Today we’ll learn the YNAB (You Need A Budget) method and follow step-by-step instructions to setup our first budget file in the YNAB software.
When we’re done – if you follow the plan – you’ll have a working budget!
Remember: If you’re not willing to invest less than $60 to master your money, then I can’t help you.
The YNAB Method
YNAB is not just a software, it’s a mission.
Let’s discover the four rules of the YNAB method:
- Rule One: give every dollar a job
- Rule Two: save for a rainy day
- Rule Three: roll with the punches
- Rule Four: live on last months income.
Following these rules will help you stop living paycheck to paycheck, get out of debt, and save more money faster!
In other words, they’ll help you to master your money.
Homework for Day Two
Today’s homework will take a little longer. You’ll spend about 15 to 30 minutes learning the YNAB method in depth, and another 28 minutes watching the video.
Remember, do NOT skip any steps. If you want to win with money then you need to follow the plan.
- Follow this link and study the four rules of the YNAB method in depth.
- Purchase the YNAB software. ($6 discount)
- Follow along with the video below and create your first budget!
This video walks us through step-by-step how to setup our first budget in the YNAB software.
(If you cannot see the video, click here to watch it in your browser.)
Tomorrow – in Day Three – we’ll go over the top 10 questions asked by new budgeters, so stay tuned.
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Days in the Series