Budget Nerds #75 - The Ultimate Guide to Targets in YNAB
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Oct 4, 2023 The podcast explores the use of targets in the YNAB app, including how they help organize and track expenses, managing variable expenses like groceries, setting targets for monthly bills and non-monthly expenses, and the benefits of the overfunded workflow. They also discuss different target types in YNAB and strategies for managing yearly subscriptions.
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Targets Explained
- Targets in YNAB tell categories how much money you want or need.
- They also specify when you want the money by.
Externalize Your Plan
- Use targets to externalize budgeting information.
- This removes mental clutter and adds weight to future changes.
Needed for Spending
- Needed for spending targets are common, especially for new YNAB users.
- They're prominent in the UI because they help cap spending and manage rollovers.