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

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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learn to save money, create a budget that works for YOU, pay off debt, and invest

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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.

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[JoeShockey]

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-funes]

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]

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

[angelabarnard]

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

[auronmusic]

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]

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-ubkt]

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

[davep]

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!

[Izzybella]

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

[StopMoMama]

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!

[anaschubert]

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

[stevevuoso]

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

[alyssacampbell]

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

[KelseyAlexandrea]

This is great and super easy to follow! Very excited to start!

Also, your voice is so nice to listen to 😊

[desertmom]

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]

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!

[chriswallbruch]

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

[kixdocx]

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.

[cristaurena]

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

[rachelbarry]

Massively helpful tutorial. Thank you!