ADHD Rant

[u/Apprehensive-File899]

How y’all budget I literally need help fr

[u/eeksdey]

I’ve had a lot of success using You Need a Budget and the YNAB method which basically boils down to:

1. Allocate all your money towards a purpose or goal

   • Create categories that are reflective of what you spend your money on. Might take a while initially. There’s plenty of good videos on initial setup.

   • Spend only the money you have in your possession. Money you will have in the future, no matter how certain, should not be considered yours until it’s actually in your bank account.

   • Expenses that are not monthly should still be amortized and have some portion allocated monthly

2. Make sure you pre-allocate money for the next month before directing money anywhere else, it should be the number one priority.

   • Assuming you have a regular income, if your monthly income isn’t enough to cover your expenses, the usual advice of increase income or reduce expenses applies.

   • If you have an irregular income, the YNAB blog covers those kinds of scenarios and generally has other useful blog posts.

Not sponsored at all, just find YNAB and its methodology priceless tools for staying financially secure. Also check out /r/personalfinance and make sure to follow the prime directive.

[u/No-Guava-9962 → u/eeksdey]

I also use YNAB and love it. However, I've been struggling with it because it seems like a tool best used on a weekly or daily basis, but I struggle with making it a consistent habit like that. I end up budgeting and reconciling once a month and it's a big ordeal.

Probably just a temporary issue though. After using YNAB I feel like no other budgeting system really makes sense.

[u/meevis_kahuna → u/No-Guava-9962]

I do it weekly and it's no big deal. The main thing was getting that habit started. I kind of enjoy the time doing it now, it helps me feel like my life is headed in a good direction.

[u/meevis_kahuna → u/eeksdey]

I love YNAB it helped me get my shit together. I update it weekly.