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Bloody Queef posted:How do people handle investments in the budget side of things? I get that you can add a line item under savings for "investments" but the balance of investments will change due to gains/losses etc. Is there a way to track that in the budget portion, or is that budget investment number (overall, not monthly addition) a made up number? You can just add in interest/dividends/gains as an influx. I do it with my emergency fund every couple of months to align the balance in YNAB with my actual balance. I just did it today, adding $13 in interest income to that account.
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Jan 2, 2014 20:00
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Lady Gaza posted:Anyone have any suggestions for how to budget with a payday near the end of the month? I get paid on the 25th so if I budget for rent etc. it puts me as over budgeted since I don't have enough in my account to cover the various transfers I'll be making out of my account on the 26th. You get paid on the 25th, and then you write a check for the next month's rent (I assume due on the 1st) on the 26th?
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Jan 8, 2014 23:01
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Question about a discretionary savings account... Let's say I have a main checking account, where my direct deposit goes and from which I pay all bills. I have an on-budget credit card that I use for monthly expenses, which I pay off every week from that checking account. I also have a savings account linked to the checking account, which is where I would have my fun money. But I'm getting a bit confused and would appreciate someone looking over the flow of actual cash for me to keep me honest. Scenario: I buy a book from Amazon, marking it on my credit card account as a hit against the discretionary budget. I then transfer funds from the savings account to the checking account, and then use those funds to pay for the book as a transfer from checking to credit card.
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Feb 3, 2014 17:01
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100 HOGS AGREE posted:That's exactly right, YNAB doesn't give a poo poo where the money actually is when you buy stuff and make categorized transactions, all the transfers are bookkeeping for you to keep account balances how you want them. That's what I thought, it's just a pain. The balance on the savings account doesn't match the balance in the budget category until you actually transfer the funds from savings to checking (to then pay off the credit card). I am open to other ideas if anyone has them.
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Feb 3, 2014 17:21
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I get that, and that's exactly how I use it for most spending. When I get gas, that goes on my CC, which has a negative balance until I transfer from checking to CC. It's just with my savings account, it gets weird because there's an added step. Let's say I have a $500 budget in a category called Spending. My savings account balance is also $500. I buy a $20 book from Amazon, which is recorded on my credit card against that Spending category, which is now at $480. I would need to transfer $20 from my savings account to checking, and then from checking to CC to zero out the credit card and balance savings and Spending. It's not spending to the balance, it's still spending to the budget category. There's a multi-step transfer that accomplishes balancing the account to the budget category and zeroing out the credit card balance. It would be easier if I didn't have the savings account and just kept everything in checking, but I'd prefer to keep it separate for now. Paying the credit card from the savings account could work, but now I'm splitting payments. I need to see what portion of the balance is normal spending, and which is from the Spending category EDIT: I like paying it off every week. It keeps things honest and I can better see if my CC balance matches what I have in YNAB.
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Feb 3, 2014 18:42
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Old Fart posted:See, you're still looking at your bank accounts. It takes a while to kick this habit. And I get wanting to have the credit card paid off all the time. I used to pay it weekly, too. It was a difficult step to let that go. I am not spending to the account, I am spending to the budget. It just so happens that my savings account balance IS my spending budget overflow. I get paid, I budget out money for bills, buffer, short-term savings, etc., and some into the savings account, which is my spending budget. Say my balance in the budget is $500. I get paid and I budget $200 to spending money, transfer the funds from checking to savings. Now my savings account/spending budget is $700. I have $700 to spend, because my budget has $700 in it. This just so happens to be the same amount of the savings account. Obviously this is too complicated for anyone, including me, to do correctly, so I'll just move the balance of the savings account into checking and put it all into that spending budget line. Otherwise it's just unnecessary transferring of funds and YNAB doesn't like it
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Feb 4, 2014 16:57
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100 HOGS AGREE posted:The interest rate on my savings account is 0.1% I put my emergency fund into an ING/CapitalOne 360 account, earning a sweet 0.75%. I remember when it was 4%. Anyway, I decided to just keep a long-term savings account off-budget, and kill the on-budget short-term savings/slush fund and just keep all of that in my checking. Makes it easier.
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Feb 4, 2014 22:36
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Mine didn't get bigger...though it did double every transaction and destroyed my budget. Had to start over
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Dec 2, 2014 21:27
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Let me talk this out and see if I'm crazy... I bought something online. It went into my Discretionary budget, charged to my credit card. I then paid off the full balance of that card over the weekend. I am returning the item I bought. I know I will mark that as a "credit" on my credit card account, but I can't exactly put that money back into my discretionary budget, can I?
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Mar 30, 2015 20:31
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For me the best part of the AMA was how 879 people asked for the three-month view back, and the CEO kept saying "We just don't see the demand for it." I'm sticking with YNAB4
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Jan 2, 2016 23:18
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Wow looks like I just squeezed in (charged on Nov 5th for the same amount I was charged in 2020/2019/2018
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Nov 13, 2021 02:43
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I'd add joint budgeting
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Nov 17, 2021 22:32
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A software program going from a flat fee to a subscription service back in 2016 is not the reason anyone is financially vulnerable. At its core, it is a system of organization. It does not control how much, or how little, money anyone has. The same organization can be accomplished in several other ways, for less cost. I hope everything works out for you and you are able to get back on your feet soon. Omne fucked around with this message at 01:21 on Jan 31, 2023 |
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Jan 31, 2023 01:14
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apatheticman posted:I legitimately don't know how you can read this last page and come up with that take. He literally said YNAB keeps people poor and YNAB says it's their fault. But he's edited his whole post, so let's move on
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Jan 31, 2023 03:36
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If you really want to see some poo poo, check out how they looked to hire a Director of Product:quote:I wanted to reiterate our hiring process here, so that you can refer back to it as needed. (I'll keep you updated throughout, too!)
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Oct 19, 2023 21:22
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Do I *need* to track every single dollar in YNAB to keep my financial health? No. Do I get immense pleasure from continuing to do so? Absofuckinglutely.
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Feb 23, 2024 15:41
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| # ¿ Apr 28, 2024 08:54 |
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drat I thought I had a lot (45, 39 regularly used) of categories
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Apr 18, 2024 16:11
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