246 - A Report on Reports
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 17 October 2016
⏱️ 3 minutes
🧾️ Download transcript
Summary
A special podcast, because reports are here.
Transcript
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| 0:00.0 | Hello, wine embers. My name is Jesse Meekam, and this is a special podcast, a special report on reports. |
| 0:16.0 | This is where we teach you four rules to help you stop living paycheck to paycheck, get out of debt, and save more money. The question is, will reports in the new Wynab that isn't feeling so new |
| 0:27.6 | anymore, we launched it at the beginning of this year, but will reports help you get out of debt, |
| 0:33.4 | save more money, and break the paycheck to paycheck cycle. We sure hope so because they are live. |
| 0:40.0 | So log in to Wynab. Go to app.unitabudget.com and you will see the reports tab on the left |
| 0:45.6 | side in its normal place if you're familiar with Wynab 4. And you'll see some reports with which |
| 0:50.9 | you should be fairly familiar. My favorite report is the budget screen. |
| 0:56.1 | Everyone knows that. But if I had to pick an actual report in that report section, I personally |
| 1:02.7 | like the income versus expense report because I was born and raised an accountant. And that |
| 1:07.1 | thing is essentially your personal P&L or profit and loss statement. |
| 1:11.6 | It's a cash flow statement. |
| 1:12.6 | It means that there are sometimes where you could be negative in that month |
| 1:17.6 | because you were saving up for a big vacation that you spent the money. |
| 1:20.6 | Or maybe you go negative in December because you're spending money that you've saved for all year for the holidays. |
| 1:25.6 | So negative in this sense does not mean bad. You got to make sure you recognize that. But I still love that report because I like |
| 1:31.7 | the big table of data. It tells you a lot. There's the spending trends, the spending totals. |
| 1:37.1 | You can get a pie chart. You can get a stacked bar chart. You can see how things are trending. |
| 1:41.5 | We've also got the net worth report, which is probably most people's |
| 1:46.9 | favorite because, hey, who doesn't like seeing their net worth go up as you're using YNAP? |
| 1:52.1 | And I guess right there, if we do help you break the paycheck to paycheck cycle, get out of |
| 1:57.5 | debt and save more money, then maybe y'all just wanted that report to validate all of your efforts. |
| 2:05.0 | Maybe you just wanted to see that net worth report ticking up and to the right. |
... |
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