#1 Mistake New YNAB Users Make (And How To Fix)

After looking at hundreds of budgets I've identified the number one thing that keeps new YNAB users from sticking with their budget. If you're ready to give up on YNAB, don't quit without watching this video and finding a simple fix that could make all the difference for you.

YNAB Playlist: How To Use YNAB And Budget Like A Pro

Quick Jump Sections
0:00 - #1 Mistake
0:33 - 3 Things To Fix
0:45 - Fix Your Accounts
3:09 - Fix Your Categories
7:50 - Simple One Group Budget
8:40 - Most Simple Budget Ever
9:20 - Fix Your Processes

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PS: If you have an Amazon Alexa, I have a daily flash briefing called 30 Second Money.

[mappedoutmoney]

Quick Jump Sections
0:00 - #1 Mistake
0:33 - 3 Things To Fix
0:45 - Fix Your Accounts
3:09 - Fix Your Categories
7:50 - Simple One Group Budget
8:40 - Most Simple Budget Ever
9:20 - Fix Your Processes

[StylishDTailors]

The fact that you immediately answered the question that the title of the video asks in the first 3 seconds is why I like you.

YNAB was super difficult but you made it easy to understand, thank you so much!!

[nicoletheresa]

I think we're really going to need to know when the kayaks are finally a reality 😂

[hmspain]

Having my bank send me Email when a transaction takes place (anything above $0) has really helped keeping my manual transactions accurate.

[RockinDannibals]

Your videos are so helpful! Maybe you can do a video about whats next after breaking the paycheck to paycheck cycle (how your budgeting changes and the next goal/step) this might be obvious to some people but I learned absolutely no money management skills until recently starting YNAB. Thanks for your informative videos 😁

[Soulbloom]

I have tried and quit YNAB 3 times, and this is the first time I've been given permission (no shame) to keep it simple. Thank you!

[harryt]

Totally agree, I kept my YNAB pretty simple for six months and then took me a year to have all my tracking accounts, credit cards and 'petty cash'... Which was because I became hooked on budgeting and now spend a couple hours at month end tracking net worth. But yes YNAB is excellent and as you get use to it, you can tweak it to as complex as you need it!

[CMRRollins]

I can’t even begin to tell you how helpful this video is! I way over complicated our budget and gave up a while back. 🤷‍♀️ A friend recommended your channel today and just in the first video I watched, I couldn’t stop nodding my head and saying “Yes, that!” 🤗
I’m giving it another shot because of your advice. Thank you! 😊

[mystyshappy]

I’m going to take this advice and try YNAB one more time. We’ll see how it goes. Thanks for your great content!

[MM-xtzx]

Budgeting just seems to be cumbersome. I just cant🤦🏽‍♀️ its like a language I can't speak. I seriously have a mental block towards budgeting.

[christopherapple]

Hi Nick,

Huge fan of your videos.

In the future, would you possibly do a video on how to move from two single people budgeting, to budgeting as a family? Especially if incomes differ.

I was inspired by your last video (with the goal planning) to start thinking about this more, but would love advice from “the pro”!

Keep up the good content :)

[kristenlegg]

This is exactly what I needed to hear before I got too far in. The defaults are complicated. Thank you for giving me “permission” to make it easier starting out

[conureron]

Ha! Love to group the goods on the conveyor belt, too! I actually don’t find the split transaction that cumbersome.
My categories did expand organically over time.

[evavazfreixogarcia]

​Nick, here just to thank you for your videos and all budgeting input. You are so good at passing on information! Just wanted to give you one more testimonial validating your amazing contributions. 2 days and I was able to fully understand the basics of the YNAB and setting it all up. It´s amazing software but it was definitely thanks to your videos I was able to set it up so easily and so fast!! Thank you again!

[hmspain]

I love the idea of changing your category name to the STORE! :-)

[ludfin]

Your videos are brilliant. So thankful for all that you do! Been on YNAB for two years now - these have been such an amazing help. My age of money just hit 30 days!!

[travisdrive]

After six months of YNAB, I still love it. I'm getting two friends to start with YNAB this month, and this will be perfect to help them escape some of the pitfalls I made when I first started. You explain things succintly.

[hmspain]

We would always say, don't run a report if you are not making a decision based on that report. Applies to categories :-).

[ivanpetrushin]

Hey Nick, how much do you charge for a private session? I need one

[gemnilocs]

Your videos have really help me understand YNAB and help me to not give up again. I have tried to use the app before but became frustrated because it wasn’t just a plug and play type budget. All I’ve been doing now is watching videos and setting up everything as you speak. I’m soon to be 48 years old (6/5) and I finally am figuring out this budget thing. Thank you for making it make sense!