the proven system for breaking the paycheck-to-paycheck cycle, getting out of debt, and living the life you want
207 pages
English language
Published Sept. 13, 2017
A guide based on the tenets of the "You Need a Budget" financial platform argues that a well-planned budget can help to prioritize financial goals, reduce stress through strategic cash flow allocations, and meet the challenges of unplanned expenses.
Excellent book that explains the basics of financial literacy and lays down a path to getting to financial freedom. I was surprised that the author does not talk about his product (YNAB), this book is not a marketing ploy for a product but a genuine read on how to save your money.
I've used YNAB and other budgeting software in the past, but I've never felt super-disciplined. Mostly, I allocate money to different fixed expenses, savings, and investments, then play with the rest.
This book goes into the philosophy of budgeting that every dollar should have a job. It's a great idea of turning something that seems fluid and opened-ended into a zero sum game that forces you to think about opportunity costs and tradeoffs..
Budgeting doesn't mean being restrictive, it means setting exactly where your money goes. Use your budget to write your future.
If I were to make one criticism, it's that investing is almost totally absent from this model of personal finance. In some examples, people have large piles of cash in their bank accounts, despite longstanding advice of financial advisors to have no more than 30% of your assets in cash.
It's a great intro to personal financing, …
I've used YNAB and other budgeting software in the past, but I've never felt super-disciplined. Mostly, I allocate money to different fixed expenses, savings, and investments, then play with the rest.
This book goes into the philosophy of budgeting that every dollar should have a job. It's a great idea of turning something that seems fluid and opened-ended into a zero sum game that forces you to think about opportunity costs and tradeoffs..
Budgeting doesn't mean being restrictive, it means setting exactly where your money goes. Use your budget to write your future.
If I were to make one criticism, it's that investing is almost totally absent from this model of personal finance. In some examples, people have large piles of cash in their bank accounts, despite longstanding advice of financial advisors to have no more than 30% of your assets in cash.
It's a great intro to personal financing, and certainly a strong competitor to the restrictive style of budgeting and debt management that David Ramsey is known for.
