YNAB advice ...

Ben75

So I have started using YNAB, and I confused about whether I am applying rule four. I get paid every four weeks rather than monthly. I am living off the money I am paid in the previous month, ie the money I am paid in June is what I will live on in July. Am I doing it right - should I be living off that in August?

HelleBelle

That's the way I'm doing it. I get paid on the 28th of each month and try to run my budget from 1st of each month using the previous month's earnings. I've only been using it 3 months so still getting to grips with it. I hear the videos are good - I should really check them out myself!
EG: June payday will be budgeted for July.

tempus_fugit

If you are paid at the end of June then that money would usually be used in July. So, to properly follow Rule 4 you have to use pay received at the end of June towards August's budget.