ynab budgeting for the month when you are paid bi-weekly

It can be hard to classify expenses, especially if you over-analyze. Or splurge on your favorite apple scented products from Bath and Body Works and skip the restaurant meals without worrying about moving funds between the categories.

You have the flexibility to easily spend more on dining out one month (and cut back on groceries). Instead of worrying about several small categories, your expenses are lumped into three buckets. You’d also include any “fun” type expenses in this category such as dining out and going to the movies. This includes items that vary from month to month like groceries and gas. This includes items like your mortgage/rent, car loans, insurance, and utilities.Ģ0%: is for financial priorities. This includes items such as your debt repayment, savings, and retirement funding.ģ0% is for flexible expenses. Starting with your take home pay, your expenses should fall in these budgeted amounts:ĥ0% is for fixed expenses. The 50/20/30 BudgetĮxpenses in this budgeting system fall in one of three categories: fixed expenses, financial priorities, and flexible expenses. To help with that, today I’ve highlighted 6 different popular budgeting methods.

Some people work better with super simple budgets, others like specific spending plans that define every dollar.īut the key is to keep trying until you find one that works for you. Using a different system may be all you need to eliminate the frustration of budgeting. It might be time to try a different method. Perhaps you’ve had your own bad experience in the past and you get anxious just by hearing the word budget? Have you felt like slamming the lid shut on your laptop or ripping your papers to shreds when trying to work on your budget? Sometimes budgets don’t go according to plan.

Ynab budgeting for the month when you are paid bi-weekly