Monthly funding goals for each category ; Target category balance; Target category balance by a certain date; Pay off credit card balance by a certain date; Pay a specific amount on a credit card each month; YNAB tracks your progress towards each goal and prompts you to take action to meet your goals. The following months will only include new funds unless you were to add another checking or savings account. In YNAB 4 you used to have to reconcile each transaction individually. Cash on hand is the sum of cash accounts (positive or negative) and any positive credit accounts. I see you on the verge of pulling the plug on YNAB because of a minor lack of understanding, which would be a shame. Budgeted in [This Month] is the total of the Budgeted column in this month. YNAB thinks you can spend every bit of cash in your accounts. I highly recommend it.When you’re having your budgeting meeting with your significant other, talk about the upcoming month. Each month, you ha… dakinemaui So, I've started over using YNAB this month. Not sure how to locate these items? Given that YNAB is reporting a Funds for May that is GREATER than that, I wonder if you are overlooking some account(s) in your calculation. (This is not unlike in YNAB4 where you had to budget the Pre-YNAB Debt down to $0 at startup if you wanted this to be a paid-in-full card.). It's not like YNAB4 where paid-in-full status was maintained until you explicitly took on debt. You Need a Budget, or YNAB, is a popular personal finance app. YNAB is available in a single price, of $7 per month. So $400 every six months is $66.67 per month. This is the number one misconception. This is one of the wonderful benefits of YNAB’s approach to budgeting. So there’s no guesswork about what you think you’ll make or spend next month. Give every dollar a job. It has been amazing for us. Your rainy day fund will grow for six months by $66.67 per month, until you have $400. (Is that a word?) A much more important number on which to focus is To Be Budgeted. Run through various scenarios. You Need A Budget - or YNAB for short - is personal finance software that allows users to manage their funds without needing access to months of historical data. It may also include other TBB transactions in credit accounts, but it's difficult to make blanket statements without seeing the transaction history. Frankly, we just don’t go over budget with this system, but we also build in a nice “slush fund” each month as part of the budget (and let it roll over each month) for those unexpected expenses. Of the three weekly podcasts I listen to, I check for this one first. To your actual question, The standard advice all seems to appear in the other comments. Let me explain what I'm stuck on. Also, keep in mind that Tracking accounts are not included in your budget. Blue Disk - Thinking about things further, I suppose I am assuming that TBB in April was non-negative. Rule 2 of YNAB, Embrace Your True Expenses, teaches you to think about and plan for those non-monthly expenses throughout the year. Changer. I started using YNAB in January 2017. Your rainy day fund will grow for six months by $66.67 per month, until you have $400. Life before YNAB: the Dark Days of Budgeting. Is there a way to get a list of all my inflow for the current month? if you have credit cards are they showing a negative balance?? Also keep an eye on those CC Payment categories in the future. But when it says Funds for the month in the top right hand corner, it says $54,632.32 which doesn't seem correct to me? Actually, Funds for [month] is the additional amount you have to spend on top of last month's category balances. FINAL THOUGHTS ON BUDGETING IN YNAB The same three steps apply to any and all pay cycles. At YNAB, we often use the words "save money," and it's a more approachable concept, something that seems achievable in the short term. any Starting Balance transactions with a date in the current month on cash accounts (not credit card accounts) $34,980.91, any positive credit card balances in the current month = $19.99. dakinemaui Thanks for taking the time to answer my questions. If I want to budget the money, I’d expect to move it into a current (Checking or Cash) account. In YNAB, you’ll be able to see how much money you have to budget and assign them to a specific category. I have to take this back -- this only works if you don't have any actual spending in this month. any cash advances from a credit account to a cash account in the current month ? *Cash accounts are checking, savings, and cash accounts listed as Budget accounts (not credit cards and any Tracking accounts). It removed a lot of manual calculations I used to do in order to figure out how much to save each month. A step-by-step guide with EVERYTHING you need to get started with YNAB. You cut the check for $400 and you haven’t felt a thing. so that you’re ready when the bills come in. The goal is to budget down to $0. I understand it's supposed to be total inflows for the month, but that shouldn't be any more than $2,888 ($1,250 paycheck every 2 weeks + $388 other monthly income). That first month is different as you need to allocate your initial savings to savings type categories. The current month is excluded. When I would get paid using Simple it would automatically fund all my expenses and goals based on total amount, present amount, and due date. Then chip away at the credit card debt until it reaches 0, at which time you're fully buffered. You cut the check for $400 and you haven’t felt a thing. You have control over how you classify them too. There is also a 100% money-back guarantee if YNAB isn’t working for you. However, when I didn’t need to intensely save and just needed to maintain status quo/save a little, Mint was the better option. A step-by-step guide with EVERYTHING you need to get started with YNAB. You can see in the screenshot below I clicked ‘mortgage’ and can change it to ‘rent.’ Or, since I don’t pay HOA dues, I can click the trash can and get rid of that line. YNAB is all for funding next month with this months money (it’s one of the rules). Select the category to see the specific amount of cash overspending in the right sidebar (as it could be a combination of cash and credit overspending). I can't seem to figure out where my "Funds for month" is coming from. Make categories to represent the things for which you're saving and budget away. Follow YNAB to get support and lots of great ideas on budgeting, how much money does YNAB think I have to spend this month, how much money does YNAB think I have to spend this month, and I thought that "Funds for [month]. As money rolls in, they will assign dollars to … With the YNAB method, you only budget money you actually have. Superbone All I know is that in YNAB under budget there are 5 credit cards and my checking account. It seems as if YNAB welcomes credit and debit, which may be part of the problem. They should match the entire account balance, but there are a number of things that will throw off the agreement. These should always be equal: Blue Disk The savings account isn't linked to direct import or it isn't in YNAB at all? On average, new budgeters save $600 in their first two months with YNAB. You Need A Budget - or YNAB for short - is personal finance software that allows users to manage their funds without needing access to months of historical data. *Cash accounts are checking, savings, and cash accounts listed as Budget accounts (not credit cards and any Tracking accounts). Doing so means you have defined your intentions for every single one of your dollars. 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