jbcheerchick93
DIS Veteran
- Joined
- Mar 24, 2008
Hi there! I am a YNAB fanatic. I believe that it is worth the cost, and more. I can go on a long, detailed post about it, but the general concept is fairly simple.
I would also add that they have a $1000 emergency fund before doing anything else. I also follow Dave Ramsey in that sense. I think it is important to have a baby E-Fund so that they don't find themselves "in the weeds" so to say. Once that happens, advise her to write out monthly bills that are fixed, and item lines for eating out and groceries, etc. Then once they are able to start saving for sinking funds and rolling that amount over month-to-month, they will be in a more comfortable spot. If you want more detailed information PLEASE feel free to private message me or reply to my post.
- Give every dollar a job (even if that job is savings!)
- Save for a rainy day (emergency fund, sinking funds for car repairs, etc)
- Roll with the punches - sometimes things come up and you have to adjust accordingly
- Live on last month's income.
I would also add that they have a $1000 emergency fund before doing anything else. I also follow Dave Ramsey in that sense. I think it is important to have a baby E-Fund so that they don't find themselves "in the weeds" so to say. Once that happens, advise her to write out monthly bills that are fixed, and item lines for eating out and groceries, etc. Then once they are able to start saving for sinking funds and rolling that amount over month-to-month, they will be in a more comfortable spot. If you want more detailed information PLEASE feel free to private message me or reply to my post.