Budget Nerds8 Maalis 2023

#60 - Can I Afford This?

Ben and Ernie tackle the age-old question: can I afford it? Many people who are stressed about money face this question regularly, and without a solid plan for their money, there's not a good answer to the question. The answer usually comes down to this: how much money is in my bank account right now, how much do I owe right now (do some mental math), and is the remainder enough to buy this thing?

As we all know, the bank balance and mental math approach to this question is a slippery slope, and prone to a lot of errors. But with a solid plan, following YNAB's Four Rules, you don't have to worry anymore! There's either money in the category for the thing you want to buy, because you assigned dollars to it already, or there's not. If there's not enough money in the category, then you can move money from other categories to see if there's enough to cover the cost -- and if you are OK with the tradeoff. Maybe you're OK with zeroing out your coffee budget for a month to buy this thing, whereas taking money from the rent category would obviously be a non-starter!

Ben and Ernie go beyond the dollars and cents, however, and discuss the hidden costs of things. There are things with ongoing maintenance costs -- like Ernie and his lawn equipment -- then are things which have a potential non-monetary cost, like Ben's new One Wheel. When you ask the question "can I afford it," especially for big ticket items, it's important to consider all the angles!

Ben and Ernie want to hear about your YNAB wins! Send them an email:

budgetnerds@youneedabudget.com

Follow Budget Nerds on YouTube:

https://www.youtube.com/channel/UCuIUGmbCDklkDCDm-cQqv2g

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Jaksot(116)

#125 - All the Ways to Easily Add Transactions

You may have noticed some recent changes to the YNAB app, starting with no more "add transaction" button in the bottom row of the screen. It was a little jarring for Ben and Ernie at first, but they q...

24 Syys 202539min

#124 - 7 Habits That Changed Our Money Forever

It's often said that sucess is the result of your daily habits. In today's episode, Ben and Ernie talk about seven habits that completed changed how they think about and act around money, including: ...

10 Syys 20251h 18min

#123 - How to Start YNAB (Simple, No Hassle Setup)

YNAB is a powerful, flexible piece of software, but there is a learning curve. In today's episode, Ben and Ernie teach you how to setup a YNAB spending plan from scratch, and the essential features yo...

27 Elo 20251h 2min

#122 - Feeling Stuck? These 26 YNAB Wins Will Inspire You

It's been a while since Ben and Ernie have had a good old fashioned YNAB wins show, so here's another one! Ben and Ernie collected wins big and small from YNAB'ers improving their relationship with sp...

13 Elo 202557min

#121 - The Weirdest Categories We've Ever Seen (and Loved)

Through all the category breakdown episodes, Ben and Ernie have seen some thought-provoking, inspiring, funny, and downright weird categories from YNAB'ers. Today's episode is all about celebrating th...

30 Heinä 202545min

#120 - Your Categories Are Not Alone! The New YNAB Templates

Have you felt overwhelmed trying to think of categories for your money when you start a fresh spending plan? Or just wished someone would come up with new categories for you when you need to plan for ...

16 Heinä 20251h 2min

#119 - Lauren's YNAB Categories (PLUS How She Breaks the Multi-Currency Rules)

In today's episode Ben and Ernie chat with Lauren, a long time YNAB user going back to YNAB4 and a Customer Support Specialist at YNAB. Though she was born in the US, Lauren is of Korean descent and s...

2 Heinä 20251h 15min

#118 - Getting the Most Out of YNAB

You don't have to be a power user for YNAB to help you gain control over your money, start loving the way you spend, and change your life. But there's a lot of power under the hood, and Ben and Ernie ...

18 Kesä 20251h 16min