I just created a new training video to help YNAB users. This is part two about tracking cash in YNAB.
(Sign up here to get 34 days free to test YNAB.)
In this video, I go over how to track spending cash in YNAB as well as how to reconcile the cash account. In part one, I go into depth about receiving cash. In both videos, I demonstrate how to do split transactions as well.
I finally finished my first video to help people with their spending plan! This first video walks you through tracking cash in YNAB. It’s an area that many people find confusing, so I wanted to make a video walking you through the process.
Boy, it was both fun and challenging learning how to animate PowerPoint and getting the video to match the audio. 🙂
It starts off with some discussion about the topic of tracking cash, but you can go right to time stamp 3:13 to see the step-by-step demonstration.
I’d love your feedback on this video. Thanks … and I hope you find it helpful.
If you are a follower of this blog, you know that I am absolutely in love with YNAB software for managing my spending plan. YNAB stands for “You Need a Budget.” It has been a magical solution for many of us working a recovery program as it is an easy to use, virtual envelope system.
Their newest offering appeared just a few days ago. It is a web-based, subscription version that is intended to replace YNAB 4, which lives on your computer and can be saved in DropBox so you can work on it across all your devices through their Android and Apple apps.
I just came across an article that perfectly describes the difference between a spending plan and a budget:
“Why I Like Spending Plans Better than Budgets”
We are blessed that our program recognizes that a budget won’t work for compulsive debtors and spenders, who rebel against deprivation. While we live within our means in D.A., how we do that is where the art of creating a spending plan comes into play. This is why it is wonderful that we have the tool of a PRG (pressure relief group), where two other recovering members meet with us to help us develop and maintain our spending plan, which can change with life circumstances. This team also keeps us from going to extremes either way — by allocating too much to our wants or or debts — helping us live a balanced financial life.
June is the one year anniversary of this blog. For at least a year prior to inception, I felt increasingly nudged, then pushed, to write about my experience, strength, and hope in recovering (one day at a time) from the disease of compulsive debting and spending.
“I can’t ask God to help me overcome my desire for potato chips when I’m finishing off another bag.” Page 84 Drop the Rock
That sums up Steps 6 & 7 in a nutshell. Perfect analogy. Yes, God CAN do for us what we cannot do for ourselves, but we still have to do our part. Our part may seem impossible, but that is just the fact of it.
Here is a quote from the Debtors Anonymous Ways and Means Newsletter from Quarter three, 2011, page 3:
How many people in your group are waiting for their Vision before they’re willing to not incur unsecured debt one day at a time? We’ve heard it before. A vision built on active debting is a hallucination. One great way to make a vision fall apart at the seams is to build it on debt. I’ve been there. All the pretty magazine pictures on a Vision board don’t mean much if the underlying foundation they’re built on is debt.
I can TOTALLY relate to this. In DA, I must live in reality, not fantasy. It was so true for me regarding the “businesses” at which I was throwing money with no return. I used the excuse that these were my visions to continue justifying spending that was needed for other parts of my life, and which, in large part, increased my pre-DA debt to $33,000 (before I came in the second time around, after getting completely out of debt in DA the first time around in 2000).