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YNAB

About

YNAB is different because it’s budgeting the money you have right now in your bank account, and not the money coming in (like your next paycheque).

Setup

Create an account on YNAB
Link the bank account, most people uses Linked
Budget Accounts, money you’re using right now and short-term savings, these are money that will be categorized out to do different things in YNAB
Chequing
Savings
Cash
Credit Card
Line of Credit
Mortgage and Loans, debt you’re trying to pay down
Mortgage
Auto loan
Student loan
Personal loan
Medical debt
Other debt
Tracking account, other assets or liabilities to track as part of big picture, not part of the budget
Asset (e.g. investment)
Liability (e.g. mortgage)

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