Mac Promo: YNAB 3 (You Need A Budget 3) - 51% OFF
$29.95 (51% OFF, RRP $59.95) only today 12/30/09
Take control of your Money
You Need a Budget (YNAB) 3 is an Adobe Air cross-plattform application for your Mac.
Unlike other software budgeting tools that give you a snapshot view of how your budget did over the last month, YNAB is instead a forward looking proactive plan for money before it is spent. It does so using what is called a "Buffer" which equals one full months worth of expenses. The Buffer therefore is a specific known amount of money already in hand having been saved for that purpose. In doing so it provides a system for planning and executing short term and long term budgeting goals much more effectively than the standard crystal ball approach where you have to estimate what you are going to have for income before you get it.As the month progresses income is tagged as "Primary" in the software which virtually sets it aside until next month where it becomes the full Buffer on the first day of the next month thus repeating the cycle.The YNAB Methodology uses four rules of cash flow management:- Rule # 1: Stop Living Paycheck to Paycheck (This refers to having and using the Buffer, budgeting out the month using a known cash reserve which is the sum of the previous month's unspent income.)
- Rule # 2: Give Every Dollar a Job ( Standard zero-based budgeting. Basically deciding where each and every dollar available needs to be saved or spent.)
- Rule # 3: Prepare for Rain (This rule forces a person to accept the realities of life in the sense that there will always be "Rainy Days" when ample amounts of cash are needed in a hurry for repairs or other emergencies. By allocating money to these types of budget Categories you can stave off panic over what to do when those events occur.)
- Rule # 4: Roll with the Punches (Since even with a forward looking and planning system you can sometimes overspend in a Budget Category, YNAB has a method that spreads that overage across the next month's budget where it can be absorbed more readily. Since (by design) a person has money reserves at hand (The Buffer) the overage can be covered easily.
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