What budgeting advice do you recommend? Money management method?
6 points
Using YNAB’s sinking funds helped me get out of my considerable divorce debt. They’re like envelopes you put money into ahead of time, for every single category/thing you want to spend on or save for.
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If you need to spend more than is in the envelope, you must transfer from another envelope first
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If a bill is higher than expected, transfer money from another envelope
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If you want to make an impulse purchase that doesn’t fit an envelope, make mine and transfer money in from an existing one
And so on. It’s a great system, and I continue to use it even though I’m now debt free, except for my monthly bills and car lease payment.
