15th September 2019

These posts were originally posted on the MoneySavingForums (a UK money management site), I am moving my journals across to WordPress to have them in chronological order. I’m not sure how much of other people’s words I’m allowed to copy across from one site to another, so in some sections I may summarise conversations.

In response to a kind joke about my bank balance

Yeah I have the Santander 123 so I get 1.5% up to £20k… in the long run if YNAB works out for me I should close some savings accounts and move it all into the one account to earn the most interest. But I want to see how I get on with YNAB first before I commit that much.

In response to someone encouraging me to post daily for accountability

I know what you mean – but i havent had much to post! It’s the week before payday so funds are running a little low, though not gone entirely, and I’m just staring at the YNAB screen, eager for next payday so that I can practice divving up money.

I’ve noticed I’ve been spending less and less lately, which seems good on the surface but makes me a little nervous. I’ve never been good and the rice and beans thing, I tend to react by having a spending splurge. Right now I’m not spending the money I’ve allocated myself, that I’m “allowed” to spend. For example, today its Sunday and I have £10 left to spend. So part of me is like “well, I dont want to feel deprived. Go spend £2 on a cake at the supermarket.” But then the other part is me like “:eek: that’s £2 more we could be paying off our CC debt!” Which is an admirable attitude but even if I dont buy this laptop this debt will take at least a year, probably longer, to pay off at the current rate. And I do need a new laptop. Maybe YNAB will speed things up a bit but this is still a long haul game and I cant do rice and beans that long. But for the first time in my life my frugal side has both hands firmly on the wheel and I dont know how to react or how to persuade them to calm down.

Part of what I want to know and YNAB will help with is – if I have this spare tenner in my account, what did I understand on? And, if a different category overspend, where is that money coming from? I haven’t had much experience with that yet as I’ve only had YNAB three days but I got a glimpse of it a few days ago. My Argos card sometimes takes the minimum payment DD, sometimes doesn’t. I dont know why, I always overpay, and I always pay on the same day each month, but sometimes it takes the minimum payment and sometimes not. Anyway, it took a fiver this month. Pre-YNAB I would have just been all “well, I guess I have £5 less groceries to spend this week” in order to try save the money left in my account for other things. But, thanks to YNAB, I was able to take the money from a different, less important, category. It seems small. And, for a fiver, I suppose it is. But it was a glimpse of things to come.

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