Want even more information on using credit cards in YNAB? Check out this video! kzread.info/dash/bejne/lI6go8xqpdewdqw.html

@bobby8655

10 ай бұрын

Its similar to mint app ?

Please, please, please add one more option (you already add so many useful options already!) Please add a BI-WEEKLY option!!!

@WendyBarron14

2 жыл бұрын

Yes! For both income and outflow! +1 exactly this.

@Bessie82

2 жыл бұрын

I was just about to comment this - my rent is due fortnightly

@hoofhearted4

2 жыл бұрын

this is what this App needs so badly.

@Justutube-we8mz

2 жыл бұрын

Yes PLEASE!!

@Sjoerdschouten

2 жыл бұрын

Not only that, quarterly or per trimester should be there as well

Changing my mentality about money the way YNAB has taught me has literally changed my life.

I would trust this guy to teach me how to defuse a bomb 😄🤓 I really needed this super clear tutorial! 👏🏾👏🏾 I wish explanations for all my pursuits were this concise, geez.. i'd def be more confident and take more responsibility if they were. Thanks, Ben 👌🏾

I LOVE YNAB and am a seventy-four-year-old grandma who has so far been unsuccessful in getting my kids switched over!

@jenniferjohnson8539

3 жыл бұрын

I've gotten 2 out of 4 to come over. They love it!!!

I've been on and off YNAB for about 4yrs now and I've been relying on the info and videos from other YNAB users. THIS has explained YNAB in a way that it makes total sense to me now. THANK YOU FOR THIS UPDATED VIDEO!!! I'm back on YNAB!

It would be really nice to have a segment where you show someone’s actual budgeting on a daily/weekly/ just by documenting a more organic way, give us motivation, real life, scenarios, and examples of what budgeting looks like in real time.

This was SUPER helpful. I really appreciate the YNAB principle to not spend what you don't have. Thanks so much.

Lasers 😂 I'm loving the new look, and also the terminology.

You have been extremely, helpful. I will be more aware of what I hit next time it does not show up in both columns. This makes the new update a little easier for sure. Thank you again for taking your time to explain this. Have a wonderful day.

Great tutorial for new user! Back in November when I started using Ynab it would have been a good starting point particularly for a foreigner. I desperately wish to see french content and hope that the software will be translated in french cause even if I love this software and completely subscribed to the method, I can’t recommend it to people around me because a lot of them only speak french and are discouraged to learn a new method in another tongue… But I will patiently wait. In the meantime, I’m going to appreciate all the new features and great content you are sharing. Thanks

This is my favorite YNAB video so far. I've watched it several times and it's helping to clarify the process in my mind. ❤

I watched the credit card payment envelope portion over and over and I am in awe of how this allows you to use a CC but not lose your budget goals. I am so glad I signed up for this app!

So many excellent quality of life updates/ user experience enhancements to the tool since I was last using it. I had to stop because I was having a hard time reconciling credit card payments, so excited to see you guys fixed that. I'm also loving the new "targets" feature. Just wanted to add that the only way to see it in the table is to use the "progress bars on" option which is the toggle for taller row heights. (Took me a while to find it). As a UX professional, I really appreciate these new features and glad to be back on the app and keeping my spending visible and effective towards my goals. Thanks for the great video!

YAY! Thank you for the updated video! I've been using ynab going on 3yrs and it was time for a fresh start (new home, new city, new job), and this video caught me up on so many features I had kinda ignored, and so many little tid bits that couldve made my life a lot easier if I had known earlier!!

@YNABofficial

2 жыл бұрын

Nice!! We love to hear that! Little YNAB is growin' up :) -Hannah 🌻

I just started using ynab and it took a little bit to figure out how I wanted to setup my budget. I would highly recommend adding an option to copy a budget that has already been created so a user can rearrange the copy budget without having to start from scratch again. That would give a user the ability to run two budgets a time to see what works best for them. I created 3 and it was very time consuming having to start over each time.

@Ann-Marielivingonabudget

Жыл бұрын

They do have that option - you may have realized it by now- it's call "Fresh Start". It copies all your categories into a new budget, including your accounts with $ amounts available; it places all if your available funds into "Ready to Assign". At that point, you are ready to play around with it. It saves the previous budget as "Archived", but you can still use it if you decide that's the budget that works for you. The budgets you create that you choose not to use, you can archive.

@1cor13Godislov

Жыл бұрын

Every Dollar has that and cashflow mgmt “paycheck planner”

Very well scripted presentation, and very smoothly delivered. Congratulations on doing such an excellent job conveying the "what," "how," and most importantly "why." I have been a long (albeit sporadic) user of MINT, and was looking for a new tool to take control of my finances - you have a convert!

I love YNAB, so easy to keep track

Ben is fantastic! Answered so many of my questions - super clear explanations and lays it out so well - thank you!

@YNABofficial

2 жыл бұрын

Woo hoo!! Thank you Liz! Ben is one of the best teachers we know. 🤓 -Hannah 🌻

Finally someone who mentions Triple A , registration and other misc fees!

This was AMAZING!! Thank you so much!! I started using YNAB last month and I totally missed the Target option. 🤦🏽‍♀️ My budget already looks SO much better!

@YNABofficial

3 жыл бұрын

You're welcome! 😄 I went two YEARS without knowing about targets, so... 🤦‍♂️🤦‍♂️🤦‍♂️ Targets were life-changing for me. - Ben M

Glad I watched this for the credit cards. I pay certain things monthly on my cc for points or cash back and then pay off each month. I was having a hard time how to match and organize the payments.

@YNABofficial

2 жыл бұрын

Yay, I'm glad this was helpful! 🙂 If you have any more questions about credit cards, we have another video like this one coming out soon that will focus specifically on credit cards in YNAB. - Ben M

Love this video. This is the one I will send to friends so they can see what it's like to use YNAB.

@YNABofficial

3 жыл бұрын

Yes! Please do!! It's our one-stop shop for learning YNAB in a flash 😊 -Hannah 🌻

One of the best tutorials I've seen, Ben was excellent. Thank you, so helpful!

loving the updates to the look of the apps!

This video helped me get started because I was so confused- Thank you so much! A helpful tip for me was I slowed the playback speed to .75 so I can follow easier

This was super helpful - thanks! I’m going to try YNAB 👍😊

Excellent explanation of the YNAB process! Thank you!

This is a really great intro video! One I feel confident sending to friends as I try to get them to start YNAB. :) Thanks!! Particularly a fan of the change from budgeting to assigning, and of the edit function on mobile.

@YNABofficial

3 жыл бұрын

Woo hooo!! Music to our ears! So glad you feel the tutorial is palatable and easily digestible for the new user. (Also, am I hungry, or..?) -Hannah 🌻

This absolutely amazing 👍🏽 Thank you so much 🙏🏽

If this dude wrote his own script, budget to give him a raise.

Wait this came out today!? feel like this is a sign from a greater entity that I really do need to be doing budgeting.

This was a great video. Thank you!

LOVE LOVE LOVE the new set up!!!

This was GREAT! ❤ Liked, subbed and am getting my YNAB set up now. Thanks!

YNAB gets better all the time. Love the company and the product!

what a fantastic tutorial Ben, amazing work, thanks

Very well done video! Thank you!

I can't wait to try it this way. Now I'm ready to pay for the year instead of monthly

Great demo. I’ve already shared it to someone confused with credit card set up. Thanks

This was great even as an old YNABer because it showed using the autoassign which I've been kind of afraid of up until now 🤣

@YNABofficial

3 жыл бұрын

Having used YNAB for six years before the update... I was also a bit scared 😅 But now it feels totally natural! - Ben M

Holy cow this is everything I've ever wanted from my spreadsheet. I literally am the person who does a forecast budget and has to figure out the difference between the budget and the actual bank balance - it truly is such a mental strain, and my wife and I aren't able to work together on our finances. I'm starting the free trial soon. I love this. Thank you YNAB.

@YNABofficial

2 жыл бұрын

YAAAAY! How is it going so far?! Make sure to hop back here and ask any questions you want, or reach out to our customer support team-they love answering any and all budgeting questions! We also have plenty of videos here on KZread that may be able to answer some of the questions you might run into along the way. Hope you and YNAB vibe well together! It is truly SO much easier than the spreadsheet days and it brings me unexplainable peace of mind. 🌻 Hannah

@austintehguy

2 жыл бұрын

@@YNABofficial Hey Hannah! I will admit, I have already reset the budget 3-4 times in this first week, but I think I'm content with my categories and goals for now. I absolutely love being able to know what's up with the finances in the present moment instead of working off projections and estimations! My wife is already starting to get more involved now that the app is on her phone - we plan on going out for dinner tomorrow with our newly-made Eating Out budget to sit and talk about our goals and dreams going forward. We're already so close to being a month ahead since I broke down our savings, so that's a big goal for me right now. Also, I've been loving Budget Nerds - I've had it in the background all week at work and I feel like I've found my people! Thanks YNAB for being such a great community. Hopefully I can come back with a great story sometime in the following months/years.

@YNABofficial

2 жыл бұрын

YAY!! Oh my word, we LOVE that! What good news, what great progress, and what a fun new adventure to embark on with your wife! We hope you eat that meal out totally guilt-free and become the best of virtual friends with Ben and Ernie! We will gladly be your people :) 🌻 Hannah

So this is a great video overview. I would really love some use cases and scenarios.

Y'all should link this video in the YNAB 4 transition guide - it would have saved me a lot of time understanding the fundamental changes in approach. I was really struggling with the changes after over a decade with the old YNAB, but I'm finally loving it!

to me, ynab is essential. im a broke college student in nyc and i consider myself a smart lady, but when it comes to budgeting on a spreadsheet, all motivation disappears! thx ynab!!!

Great presentation ☺️ thank you.

Soooooo helpful! Thank you :)

Hey, Ben! Didn't know you worked for YNAB! Great job on the video! I'm getting ready to launch back in after a few years out. Wish me luck.

Excellent video and explanations! I've been using YNAB for a few weeks and have watched many of the videos. I think for someone who is beginning or have been doing it for a little while will get a lot from this. I'm going to come back to this video later and make to review the basics. Thank you!

@YNABofficial

3 жыл бұрын

Woo hoo! Thanks so much for the feedback! We love to hear that this video was helpful to a new user. Best of luck on your budgeting journey! Always feel free to come back here with questions! -Hannah 🌻

ben casually using math equations in the assigned categories like he didn't just SHOW ME SOMETHING BRAND NEW. are you telling me i can just SUBTRACT $40 from my assigned amount to move elsewhere without first doing the math in my head and re-typing in the new number?!?! My mind is blown. this video was so clear, thank you! I wasn't sure what the yellow meant and now I understand!

@YNABofficial

10 ай бұрын

YES YOU CAN! 🥳 - Ben M 🎨

Great presentation! My brain doesn't process words as fast as Been speaks though. 😮 Good thing YT has a playback speed adjustment! 👏 Great job!

Fantastic video!!!

Thank you for the video

explained very well !!

Great video for new users. Like me. Ynab is overwhelming.

Great video!

Well done tutorial!

Este video es muy claro para principiantes. 😀

I can’t wait for the Auto-Assign feature to be available in the web version!

This video should’ve came out when YNAB was first created. Much better explanation than before. Also, it helps to know that this is the video you should start with. You should go over a scenario where someone has zero dollars in their savings/checking.

@YNABofficial

2 жыл бұрын

Oh, yay! We love that feedback! -Hannah 🌻

Absolutely amazing product demo and tutorial.

Ben this is a GREAT introductory video - I really can't say how much I enjoyed it - you provided a concise, end to end review. One question I had, is what considerations do you have when you are older and have more complicated budgets - say you have 10 different subscriptions, 6 types of insurance, etc... I'd like to avoid cluttering my budget with categories for every transaction. What's the best way to address this - one of my concerns is that the due date function might mean a lot less when you have 6 different insurance due dates - which would make it harder to prioritize inbound cash flows. Thanks!

@YNABofficial

9 ай бұрын

Hey, good question. There's really only two ways to handle it - First, you can have a category for each insurance bill or subscription payment. The downside of that is you have a lot more categories to deal with, but everything will be a lot clearer. Maybe put them in a group and collapse the group to make it more manageable. Second, you can have one category for all insurance payments and one category for all subscription payments. The upside is you have fewer categories and a simpler budget. The downside is you lose some clarity and you might have to do some of your own math to make sure you assign enough in each category. I like to set a monthly savings builder for the sum of all the bills divided by 12. Then, make sure you front load that category with some money to account for bills that are coming soon.

Great teaching here, but the switching between the app and desktop made things confusing. Perhaps a separate on for each app would be very helpful.

I KNEW IT! it was lazers this whole time

I just downloaded the app so I’m brand new. Is it recommended to use the desktop over the app when setting it up?

I can’t find the way to set up different currency accounts. Does YNAB not have that feature and if so, do you plan to introduce it in the future? Otherwise the app is brilliant!

Great video!! Just a quick question - how do you get those due dates to show up next to each bill (referring to 5:21 in video)? I've set targets and due dates but the dates are not showing up in the app nor on desktop. Thanks!

@YNABofficial

2 жыл бұрын

Hey Teri! First, you need to make sure you have a target set for each category. When you add a target, you can select the day you need to have that category fully funded by. Secondly, you have progress bars turned on! If you use YNAB on your phone, you can do this by clicking the three-dot menu in the upper left hand corner and clicking "Show Progress Bars." If you use YNAB on your computer, you can do this by clicking on your email in the upper left hand corner, clicking "Display Options," then turning progress bars on. Now your due dates should appear by your categories, as well as your funding status for that category. Due dates will show as long as the category is underfunded. Once the category is fully funded, the due date will be replaced by the "funded" status (or the "fully spent" status if you've already spent the money from the category. I hope this is helpful!! Follow up with me if you still have questions! -Hannah 🌻

Does the app look different than the online program? I have an android and i can't seem to find the Montly or Yearly option to input the expense. Can anyone help me out with that? Thanks!

How do I create tracking for my savings account ? I want to allocate funds to savings, mortgage and yearly expenses- and monitor the account.

Greay vídeo!

So far this app is great but there needs to be a BI-Weekly tab so it’s much easier. Thank you

@YNABofficial

2 жыл бұрын

Melanie, we've heard the people and we're working on making that option available! Keep your eyes peeled!! 🌻Hannah

Who is this, I really like his explanation. Going to revamp a few things. Thank you YNAB

@YNABofficial

3 жыл бұрын

This is Ben! He joined the YNAB team at the start of the year, and will have lots of awesome content coming out down the road! Keep an eye out 👀 -Hannah 🌻

@colby18a

3 жыл бұрын

I like ben, he types fast.

After I autoassign the budget for the bills, the money is automatically taken out? It still shows I have a lot of money left

ty

Nice video :)

How can I put money into my rent categori, but once I need to pay my monthly rent, I can go into my app and pay it? I have tried it but everytime I get paid and budget my money I put x amount of $ into my rent category, but I am not sure how I can balance it out if I budget for 1 or more months ahead into the future. The end of January is almost here, and I was wondering if I have done it right if I subtract the rent I have in my category, but when I do it turns yellow for january when it was green once I budgeted for it.

Hello! Where is the bi-weekly function?

I really hope you can let more countries link their banks, maybe collab with Apple Wallet or something because it’s much simpler linked updating every step of the way. 🙏🏻

@YNABofficial

2 жыл бұрын

Hey Basma! You and us both!! It's quite a wild process working with international banks and among different currencies and economies, but know that your hopes and dreams are the same as ours! We are really proud to have made linking accounts available in parts of Europe and the UK this year, and we're learning lots through the process! In the meantime, YNAB can be used unlinked from anywhere in the world, in any currency or format. -Hannah 🌻

OK So I created my budget and I am able to put the money where I need it to be but my problem is applying it to my actual bank account. Fr example if I assign $100 to CC interest do I then go to my bank account and send a payment to my CC for $100? Also If I use my CC and cant pay it off in full do I just leave it negative?

I just watched your fist getting started video and then this one. Great info! I've been on Mint for a while now, but I really don't use it for budgeting because their budgeting function is just way too confusing. So I just use it to track my inflow and outflow and see where the money is going. But YNAB looks much easier to manage! But my one question I can't seem to find an answer to is how can my wife and I share this? One of the downfalls of Mint is that we would have to use the same login credentials. From what I read so far, I see that YNAB is basically the same? But I also found something about multi user authentication using Google accounts, but I can't find out how that works. Where can I find more info before pulling the trigger to subscribe? Thanks again for the great video!

@garshtoshteles

2 жыл бұрын

They've got a free trial that I'm starting to use as I type this. When I was using it, the app asked if I was budgeting for myself or for two users; that could be a good place to start (and I didn't have to put in my card info so you wont get autocharged at the end of the free trial)

@PamJernigan

Жыл бұрын

YNAB just launched a new feature - YNAB Together - to do exactly what you're talking about - allow you and your wife to share the budget, using only one subscription. In case you were still wanting that :)

The credit card teaching, had to watch it twice. You said gas envelope but on the Visa transaction is said transportation. I was not sure how it took that from gas until I realized the envelope is transportation which you put your gas money into.

I really dont feel comfortable giving Plaid my login credentials. Is it possible for you to allow sample charges to sync all accounts via OAuth, or is it the banks that force you to use Plaid as the sync method?

good video

Love this idea! How would YNAB handle automatic round-up savings? For example, every transaction I make, my bank rounds up to the nearest dollar amount and puts the difference into a savings account. This amount varies by transaction and cannot be planned for.

@YNABofficial

2 жыл бұрын

Hey Michael! My husband has automatic rounding set up on his bank accounts as well! When he makes a purchase, the store charges him for the purchase amount, and then his bank automatically transfers over the "rounded-up cents" to his savings account as a separate transaction. We use YNAB's "direct import" feature (where we link our bank accounts up to the budget and the bank sends over transactions once they've been cleared by the bank), and YNAB caught on real quick. For those "rounded up" outflow transactions in your checking account, simply change the payee to "Transfer To/From: Savings"-this is telling your budget that you want to move this money from your checking account to your savings account. You'll also want to "catch" that transaction in your savings account by having an inflow transaction for the same cents amount, again making sure the payee is "To/From: Checking". If you're using direct import like we do, YNAB will remember the "protocol" and it'll handle it for you from now on-all you have to do is approve it! Hope that made sense-that's a detailed little process to type up and still have come out coherently 😂 Lemme know if you've figured it out! 🌻Hannah

@michaelkaminski

2 жыл бұрын

@@YNABofficial Excellent! Thank you Hannah.

@brandonclark8736

Жыл бұрын

@@YNABofficial ⁰

Still trying to figure out how to Start budget & checking a point with same numbers…. 🤔 I have created the budget side okay. Problem arises when I import checking account. In variably the number YNAB imports has items that need to be reconciled to get correct checking account balance. Problem is to reconcile, I have to assign category & when I get checking account balances, I now wave catagories that show overspent. How do I reconcile & still have $0 charged against a catsgory? Thank you. -lm

Whats the song in the background lol...

Is there a place to ask questions? I am trying to find out if I can set more than one target for a category, and also if I can set a biweekly payment. Thanks

@YNABofficial

2 жыл бұрын

Only one target per category! Is the "biweekly payment" you're talking about a paycheck or a target you're wanting to set? We currently do not have any biweekly settings, but say if you owed daycare $300 every two weeks, you could set a weekly goal of $150 so that your budget makes sure you have at least $300 in that category every two weeks! I hope that helps. -Hannah 🌻

Thank you for making the app more user friendly. Now I can use it again and hopefully be successful lol

@YNABofficial

2 жыл бұрын

You got it, Tracy! If you ever hit any snags and need more guidance, you can pop in to one of our live Q&A sessions with our teachers here at YNAB who can answer ANY question, or write into our support team! They take extra special care of YNABers and'll make sure you get you back up on your feet in no time. Here's where you can sign up for a live Q&A session: www.youneedabudget.com/free-workshops/ -Hannah 🌻

Does this work for people who put all their bills on their credit card but want to see where their money is going? I don’t use my debit for anything.

Attempting on trying this again, would love a person like in my area that i can pay to help explain these kind of things. ANywho in the video after you set the date of when a bill is due like say "renT" It shows "850 due by the 5th" but in mine it just says funded. Regardless if its funded or not i like to see when the bill is due and for what i budgeted.

@contentwatcher00

2 жыл бұрын

I'm thinking its because you are in September's budget. Since today is the 14th, you have already funded the 850 needed this month assuming you paid your rent on time (September 5). If you look forward to October it will what you expect.

How did you get the "bar" to show up below each expense?

@YNABofficial

2 жыл бұрын

On mobile, select the three dots in the upper left-hand corner and then select "Show Progress Bars." On web, at the top of your list of categories, you'll see a couple boxes with bars to the right. Select the option with two broader bars. - Ben M

Hello! First time user here! This video is super helpful - thank you! I do have a suggestion: change the background music to something more soothing (or just go without it). It's just low enough that all I can hear is the repeat of the scale which I found anxiety producing 😬 and I am certain that's not the vibe you're going for! At first I was like, "where's that stressy music coming from?" Only to realize it was embedded in the video. Lol! Anyway, I LOVE your product and I am thrilled to give it a go!!

@YNABofficial

Жыл бұрын

Thanks for that feedback!! We'll consider this in future videos! 🌻 Hannah

For some reason i can't wrap my head around this system. So you're basically just seeing a visual on how the money should optimally be spent or transferred.. then in real life you make the purchases or transfers. As you make a purchase or transfer you update the list(category) and make sure you stay in the decided range for the specific time period you choose.. Does this sound close?

@YNABofficial

5 ай бұрын

Yes! Imagine each category is just an envelope you're tucking some dollars into. If you hope to only spend $600 on groceries each month, tuck $600 in your groceries category (or envelope). Whenever you spend on groceries, record that spending in YNAB and it will subtract whatever you spent on groceries from your groceries category. Now you have your new running total for groceries for the rest of the month! If you ever find a category has too little money in it, or you spent more than you planned for in a certain category, just move money from some other category in your spending plan that needs it less and into that category to accommodate the overspending. YNAB is all about reprioritizing as life chugs along! 🌻 Hannah

Nice, Only feature I would like to see added is to be able to have separate budgets for people with a lot of different accounts, It help have a clearer separation between personal and common money in a household for example or perso and pro' etc

@YNABofficial

Жыл бұрын

Hey there! You can make as many separate budgets as you want in YNAB! On the web app, just go to the menu in the upper left corner (click your budget name/email to drop it down), click "New Budget", and start a whole new budget with entirely new accounts! On the mobile app, tap the three dots in the upper left corner, click "Open Budget," and tap "New" in the upper right corner to begin a new budget! In the past I've had one wedding for my personal finances, one for my freelance videography side hustle, and one for our wedding planning. When we were only a few months away from being married, I even started our joint budget early so we could start to figure out all the categories/priorities we needed to cover BEFORE married life started. And if you'd like the have separate budgets among family members or partners (i.e. one for your shared expenses, one for *your* personal expenses, one for *their* personal expenses, and one for the joint business you run together), check out YNAB Together! It's a free hub of the app that allows you to invite multiple family members onto your subscription and share/create various budgets with them. Let me know if you have any more questions or need more pointers to learn more! 🌻 Hannah

@somefrenchguy2091

Жыл бұрын

@@YNABofficial thanks for the info ! I don't know how I was able to miss it, it was exactly were I was searching it. Guess I was half asleep 😂

@YNABofficial

Жыл бұрын

Ha! I did the same thing before I started working for YNAB! I was paying for two subscriptions (one for my personal, one for my business), and when I was onboarding they were like "... Hannah." 🌻 Hannah

Out of curiosity, is there a way to set payments to biweekly instead of weekly or monthly?

@YNABofficial

2 жыл бұрын

Currently, there is not. But this is a highly requested feature, so you're not alone! Our product team knows about this request, as well. -Hannah🌻

@7:02 Did he just say LASERS??? 😂

Can you schedule bi-weekly payments?

@YNABofficial

3 жыл бұрын

We don't have a specific target type at the moment. If you have a bill that comes due every couple weeks, I would recommend either (A) making two categories, one for each bill, or (B) put all the money you need for both into one category. With option (A), if the due dates change (i.e. the first and third Wednesday of every month), then I would set the target due date on the early side. The first option is a little more thorough and clear, but the second requires less set-up. Hope that helps! 🙂 - Ben M

How do we budget for our gadget upgrades like iPhone or computer etc?

@YNABofficial

2 жыл бұрын

Awesome question, and SUCH wise forward-thinking Jishnu!! For things like this, I create a category for that thing (i.e. new laptop, iphone upgrade, whatever it may be) and if I know the general price of it (or how much I want to have saved up for it) I add a "Savings Balance" target onto it. You can choose a date you want to have all the money saved by, and YNAB will tell you how much money to drop into that category each month to reach your savings goal by that specific date. OR if you don't have a specific date in mind and just want to contribute here and there as you're able, you can leave the date off. On the flip side, if I have no idea how much it's gonna cost but I know I want to start saving up for it NOW (like saving up for a downpayment for a house), you can instead use the "Monthly Savings Builder" target type. This target type will prompt you to drop the same amount of money into this category every month no matter what (i.e. I can tell the target type that I want to put aside $200 for a new water heater every month, even though I don't know when I'm getting it or how much it'll cost). Thinking ahead on these kinds of purchases and budgeting for them now is a MASSIVE game-changer and one you certainly won't regret when the time comes around to finally bite the bullet and but the thing! Hope this helps! Let me know if you have anymore questions!! -Hannah 🌻

What about credit card interest accrued between the time you purchase and the time you pay it. When you gave a high int rate card, you can be acccruing a lot per day and it's compounding daily

@YNABofficial

Жыл бұрын

Hi Dezi! Our go-to solution for interest is to create a separate category for it, and then assign money to that category using your best guess. When that interest charge comes in, you log that as a CC transaction, and it will go right into your CC payment category to be covered in your next payment. If you wind up shooting under, then you just pull from somewhere else in your budget that isn't as important as covering the interest. I hope that helps! - Ben M 🎨

So if I look and categorize each time I use a credit card, and then pay the card off when due, will it double up the expense?

@YNABofficial

4 ай бұрын

Nope! Categorizing the transaction moves the money to your credit card payment category, and then you pull the money from the payment category to pay off the card. - Ben M 🤓