#102 - LIVE Q&A: New YNAB Features, Cash Only YNAB, Budgeting with Partners, and More!
Nov 2, 2024
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Join the hosts as they dive into exciting new features of YNAB, including universal direct import capabilities. Discover strategies for embracing a fresh budgeting start and learn how to navigate financial partnerships effectively. The discussion highlights the importance of aligning financial goals with personal values and explores the intriguing concept of the 'age of money.' Engage with budgeting success stories from FanFest as they encourage viewers to rethink their financial habits. Get tips for intentional spending and proactive planning!
The hosts began the episode with a personal story about a trip to the emergency room, establishing a relatable and casual atmosphere with their audience.
The introduction of a universal bank connection feature improves user experience by allowing YNAB users to refresh their bank connections and access better alternatives effortlessly.
Discussion on restarting a budget highlighted the importance of choosing a method such as 'fresh start' without guilt, emphasizing adaptability to life changes.
Deep dives
New Emergency Room Experience
The hosts discussed their day, which started with a trip to the emergency room after one host's father had a fall. Although he was eventually deemed okay, the experience left the hosts a bit frazzled. They shared this personal anecdote to relate to their audience and set a casual tone for the episode. This introduction helped build a connection as they welcomed listeners from various locations around the world.
Live Q&A Format
The episode transitioned into a live Q&A format, with the hosts noting the numerous questions they received from fans on multiple platforms. They acknowledged the challenge of addressing every question due to time constraints but selected a handful to discuss during the session. This format allowed for a back-and-forth dynamic with their audience, enriching the experience for both the hosts and the listeners. The interactive format underscored the community aspect of their audience engagement.
New Features: Universal Bank Connection
One of the standout features highlighted was the universal bank connection that now allows users to access the best connection among multiple providers for their linked accounts. Previously, users were limited to a single provider, potentially resulting in connection issues for certain accounts. Now, users can refresh their bank connections and, if they're experiencing issues, have access to better alternatives without needing to contact support. This improvement aims to enhance user experience and streamline the budgeting process.
Restarting Your Budget: Different Methods
The hosts elaborated on various methods for restarting a budget when users feel overwhelmed or behind in YNAB. They explained the differences between creating a completely new budget versus using the 'fresh start' feature, which retains categories but clears spending history. The conversation emphasized that it's perfectly acceptable to start over and that doing so can be a smart way to pivot in response to changes in life circumstances. They encouraged listeners to find a method that best suits their situation without feeling guilt or shame.
Templates for Life Events
The podcast introduced a feature with templates designed for common life events, allowing users to import curated categories and estimated costs easily into their budgets. Examples included budgeting for new pets or other significant life changes, which can alleviate the initial confusion surrounding new expenses. This feature is especially beneficial for those unfamiliar with variable costs associated with certain life events. The hosts expressed excitement about expanding this template library, highlighting its utility for both new and seasoned users.
Ben and Ernie hosted a Live Q&A on the YNAB YouTube channel on Oct. 30th, 2024. If you missed it, here's the full replay! They fielded questions from YNAB'ers and discussed some brand new YNAB features.