I really enjoy watching Hannah. She's like cheesy funny, but in a good way. Idk. She makes me smile and I get solid info.. a two-fer

@aloseman

3 жыл бұрын

I completely agree. Very informative, but in a pleasant and conversational tone. When I talk about these videos to my friends, I call her my "budget-crush".

I wish there were a button in YNAB that had Hannah talking.. Maybe some motivational things that just pop up... I just need more Hannah in my life.

@YNABofficial

4 жыл бұрын

Ha! That sounds like a dangerous feature! 😂 -Hannah :)

Yes! Finally got the ladder!

Love this lady's humour. Makes it fun to learn!

@YNABofficial

Жыл бұрын

THANKS. Makes it fun to teach and share, too 🥰 🌻 Hannah

Mazel tov on the blanket ladder, Hannah!

@YNABofficial

4 жыл бұрын

🎉🎉🎉 Thank you!! I am the proudest owner. :) -Hannah :)

I have my savings as a tracking account because I do not want it to be budgeted. It’s money that’s for an emergency, or I save up for vacations in there. Then when I go on vacation I move money from savings into my vacation budget line. It’s doing the trick for me 🤷‍♀️

@mishka.a

3 жыл бұрын

I do the same! It works perfect! Don't need to create new category to fill with savings. It keeps my budget clean!

@cazzzac

Жыл бұрын

As long as you've also got visibility on 'predictable emergencies'. E.g. you shouldn't drop car repairs into your savings account without a budget category, as you don't have visibility.

you are hysterical. you make learning this so much fun.

Hooray! Blanket ladder!

HAHA! That was awesome.....the favorite dance move at YNAB! I am really glad I watched this video, good info on assets and liabilities.

@YNABofficial

Жыл бұрын

YAY! So glad it helped you out!! This video could actually probably stand to be updated-it's been a while! 🌻 Hannah

Yay! We finally get to meet Hannah's pup 🐕😍 Q: I've added my asset accounts as a linked account but I've noticed the balance in YNAB doesn't change, but the balance in my asset accounts has changed. What is YNAB checking for when it refreshes the connection? Do I still need to reconcile for interest even though it's a linked account?

Yeah, just have to say I love YNAB and these videos. It’s making budgeting fun and has helped me save a huge amount of money just in the first few months. I’m excited to use it to reach longer term financial goals

@YNABofficial

4 жыл бұрын

Yay Aaron!! Way to go, friend! The cool news is the app is just a tool-it's YOU that's making those changes and reaching those long term goals. So don't thank us-thank yourself!! -Hannah :)

I remember the blanket ladder wish! Nice one Hannah 👌

Best videos on youtube. right here.

I have a scheduled transaction every paycheck in my 401(k) tracking account, since that's consistent. I get my 401(k) match from my employer once a quarter, and I reconcile based on the market at that time. On another note, I truly don't understand why Hannah is so charismatic in these videos, but I love them!!!! I'm realizing as I rewatch some how much they helped me early on so I'll be rec'ing them to those I've helped start YNAB (3 and counting!)

This was great! Thanks!

Love your every video. 🖤🖤🖤

Your song at 2:20 made me really connect with you. Thanks :)

This helps a ton! I have an outside budget account & could not figure out how to make it work right.

Valuable advice

This is really helpful! I’ve never used tracking accounts before and was starting to get discouraged because a large chunk of my savings was going into retirement accounts, but I wasn’t seeing any savings progress (because I didn’t have tracking set up!). I think this will motivate me to save more in 2021 bc I’ll see my savings successes!

Love the blanket ladder... well done with your wishfarm :)

Totally awesome and very useful. Thanks!

@YNABofficial

3 жыл бұрын

Mark, yes, I am so glad to hear it!! Keep budgetin' on!! -Hannah :)

I am just starting on YNAB and have been seeing a lot of your videos, but I AM REALLY HAPPY FOR YOUR LADDER!!!!

@YNABofficial

3 жыл бұрын

Ha! THANKS JULIO. Me too, brother. Me too. -Hannah :)

Why have it as unlinked instead of linked?

You are hilarious. Thank you for the laugh and knowledge.

@ 2.03 What witchery is this??? 🤩 what a neat way to use adjustment s Please do a video about using adjustments - they make me anxious. Does it matter if you have lots of them, so long as budget and bank balance are reconciled? Can a memo be attached? ( did anyone else know that ‘budget’ means little leather pouch?! from Old French bougette, diminutive of bouge ‘leather bag’, from Latin bulga ‘leather bag, knapsack’, of Gaulish origin. Compare with bulge. The word originally meant a pouch or wallet, and later its contents. In the mid 18th century, the Chancellor of the Exchequer, in presenting his annual statement, was said ‘to open the budget’. ) Another fun and helpful video, Hannah, thanks 🙏🏻

Congrats on your Wish Farm ladder!🎊🎉

You are funny! If you were my neighbor I would wave at you every once in a while as I pulled my car out of my driveway! These are great videos. They're really helpful!

@YNABofficial

3 жыл бұрын

And Patrick, lemme tell ya, I would wave right back. With my YNAB coffee mug in hand. 👋🏼 -Hannah 🌻

With regards of reports - The money investments that are moved to tracking accounts will add on "expenses" in the Income vs Expenses report. It is money leaving your budget, afterall, but is slightly counter intuitive.

I really enjoy and appreciate the way you describe everything you do, feels really good! P.S. something wrong with subtitles since 4:45.

@tewcewl

4 жыл бұрын

I agree. The subtitles went way off track there.

@YNABofficial

4 жыл бұрын

Thanks friends!! We'll look into this! -Hannah :)

i know I’m coming in late to this video - but as someone who’s finally making the move to investing long term - and my wife now has a 403b though the state - we’re tracking that stuff and it’s good to know about not linking it due to the changes. I was wondering about that since it fluctuates. And I just had that internal thought in my head - do I need to budget for that money I’m sending to Betterment for our savings account and our emergency fund account in there? I was 90% certain - but this answered that for sure. Thanks again.

Yay Julep sighting!!!

When she said name it Linda, all I could think of was the baby named Linda from Kimmy Schmidt. 😹

Whoa, you actually GOT the ladder?!! You SO didn't need it, but OMG you GOT it! :) :) :) Also, I KNEW you were gonna make a dance out of that crossover point. :P But this is a really good idea! I've kind of just been contributing to my 401k and forgotten it exists except when I check it maybe three times a year. I am going to do this so I can feel like a boss when I check my net worth! Thanks!!

@YNABofficial

4 жыл бұрын

Don't worry Lee, I got it at half the price I originally thought I'd be paying (which in retrospect was absolutely an absurd price). And WRONG, I *did* need it because I love it and it makes me happy every day!! It's the little things :) -Hannah :)

@leerv.

4 жыл бұрын

@@YNABofficial Okay well I can't argue with any of that! It is indeed the little things! :)

I love how all your videos are so easy to understand! I was wondering, if I have an emergency fund in a separate savings account, should I have this emergency fund as a budget account or as an asset in a tracking account? I don't want to have this money "available" and allocated where it then can get mixed up with other things. What would be your advice? Thanks!

@YNABofficial

3 жыл бұрын

Jorge-we are encourage you to side step the asset account and add your emergency fund to your budget. You budgeted those dollars to your emergency fund, and should you ever need to steal from it you'll want to be able to categorize it to the appropriate category (and see those money movement reflected in reports if that's important to you!). What we *do* highly recommend is making a whole category titled "Emergency Fund" where all of that money lives (I even went to the extra length to make a category group titled "Emergency" then a category inside titled "Emergency Fund" so I can collapse it and keep it out of sight out of mind. Just make sure that the total in that savings account always matches the total in your "Emergency Fund" category penny for penny and it should be relatively easy to leave that money untouched! -Hannah :)

First off... Totally agree with everyone that you are awesome Hanna! Pre-YNAB I had multiple high yield savings accounts for different savings goals (Vacation, 3 month savings, Car expenses) that I transfer money to each month from my checking account. How should I account for these in YNAB? Do I just add the category as a "Needed for Spending" and then record the in/out of money? I would like to age of my money grow. Thanks!

@jayhamlin3586

3 жыл бұрын

I do something similar to this but I only have one high yield account I transfer from. Each month I transfer what I need for the month from this high yield account to my working checking account. When the money appears in my checking account and YNAB I first assign it to To Be Budgeted. I then transfer to the appropriate accounts in YNAB. So, for Car Expenses you would transfer what you need for car expenses for the month from savings to your checking account and then assign the money to a YNAB account called car expenses. I always transfer to To Be Budget first as this helps with reports.

Is it normal to show as an expense in my reports? Why is it considered as an expense? I transferred it to a tracking asset.

The pupper's 401k is heavily invested in... dogecoin. I'll see myself out.

You're adorkable. And Julep is adorable.

@YNABofficial

4 жыл бұрын

Okay, werelemur... I see, I see. I'll make sure to tell Julep she's the cool one in the household. It's cool, I embrace it. 😎 -Hannah :)

Question about tracking mortgage- We paid off our mortgage in 2020 and we were not tracking it previously. How do I make my home value calculate into my net worth report? PS I did JUST email this to YNAB before I saw your video. Thanks!

@BlueTalonDave

3 жыл бұрын

I'm still paying off my mortgage. I have 2x tracking accounts. One is called Mortgage with a -ve balance and a second tracker called House Valuation with a +ve balance. So for you just set up a "House Valuation" tracker and add a txn with current valuation.

What do you do when it's time to move the tracking account $$$ into your budget - eg, if you are hoping to make a big purchase using the money from a HSA previously marked as tracking?

@kenBard

Жыл бұрын

I have similar question to Olivia - where I am recently retired and I have my IRRA rollover all set as tracking. I will have my budget set for a few months from money I have set aside, but when I start to draft from the IRRA how should I handle that money as income - since this will be in addition to the Soc Sec I will start in February.... thank you for your advice

@YNABofficial

Жыл бұрын

Hey there!! For your example, if you're wanting to take the money you've been saving up in a "down payment" bank account and move it into your checking account, first things first: you'll want to make sure you initiate the actual transfer at the bank (because YNAB doesn't actually *move* money, it just records money movement). Then, to reflect this movement of money in your budget, click "Add Transaction" in your down payment account, and make the payee "To/From: Checking Account" or whatever account you're wanting to move the money from, making sure to record the total as an *outflow.* Finally, to complete the transfer, go into your budget's checking account and you'll find a brand new transaction waiting for your approval, with the payee being "To/From: Down Payment Account" and the amount recorded as an *inflow*. This is because we need to record the money moving OUT of the down payment account, and also record it moving INTO the checking account. I hope this answers your question, Olivia! 🌻 Hannah

Hannah! How did you put all those cool emoji pics in your budget accounts?

@BethAnnesBest

3 жыл бұрын

I edit my categories on my phone so I can add them but I think there are keyboard shortcuts on the web.

@leduke79

3 жыл бұрын

Leslie, if you are on Windows 10, pressing Windows+. opens up a rich emoji picker.

@YNABofficial

3 жыл бұрын

Ahh, the age old question! Here's a full help doc to show ya how, no matter what system you're on: docs.youneedabudget.com/article/196-using-emoji-in-your-budget -Hannah :)

I see this video is a little out of date, now that tracking accounts are linked do I still have to update the total manually by reconciling? Or will my brokerage account automatically update with totals?

@YNABofficial

Жыл бұрын

Hey Eliana! We always encourage you to reconcile each and every account here and there, even if the account is linked! Especially for accounts that change based on the day/economy. For example, my 401K account is linked, but since the interest rate is changing all the time, the amount is constantly changing no matter how often/little I deposit into it. So I go in and reconcile once a week or so just to make sure I'm up to date on where it stands. Hope this helps! 🌻 Hannah

I've been using tracking accounts and one is for my superannuation (it's a retirement savings like IRA/401K) in Australia. How do you cope with drawing down in a tracking account and have the money then appear as income to be budgeted?

@MaxGrey03

3 жыл бұрын

You just transfer the money back to a budgeted account (whichever account you deposited the money into) . When you do so, YNAB will want to know which budget category to assign the funds to, or you can just place it into To Be Budgeted.

So, for tracking accounts, can I use this method for my sinking funds? Or do I just update/adjust that from my budget page?

@nosirrahm

2 жыл бұрын

Are your sinking funds in a different account? I have them added as tracking because my sinking funds are sitting at a different institution that doesn’t have a link to YNAB. I transfer the funds to those accounts in YNAB after I started the transfer between accounts. YNAB DID give me the ability to breakdown those goals accounts down a little more by allowing me to see that my annual Disney+ subscription will be funded in time from my Subscriptions sinking fund when it hits my credit card. I’m probably explaining this with massive confusion - sorry!

Do I need to reconcile linked assets accounts?

@YNABofficial

3 жыл бұрын

Haniel, it's a great idea to reconcile all accounts! I personally check on my more active accounts, like checking or savings, every 3 or so days to reconcile (it makes it take 5 minutes instead of 45 😉), and with asset or liability accounts I check in on em every 3 or 4 weeks, especially if they are accumulating interest or anything. You want to make sure your budget is reflecting accurate totals. Reconciliation just brings more clarity, so it's always better to reconcile more often than not! -Hannah 🌻

How do you get all the little pictures next to your categories?

@YNABofficial

4 жыл бұрын

Hey there! If you use the mobile app, just add the emojis straight from your keyboard! If you budget on your computer (I'm team computer all the way), you can find instructions on how to access your "emoji keyboard" here-PC or Mac! docs.youneedabudget.com/article/196-using-emoji-in-your-budget -Hannah :)

Why wouldn't we just link the 401k account instead of leaving it unlinked? Is it because of what you talked about for market fluctuations?

@badjr0

3 жыл бұрын

You can link it. I have mines linked. But it probably won't auto update the balance/import transactions since it's an investment account (due to YNAB moving to another import partner). So this is probably why they recommend having them unlinked.

I know it’s super petty but how would you suggest using a loaded “ gift card “ For example Wawas. I put money into the card and buy my lunch with the card because it gets me free items and discounts when pay this way. Or a Starbucks card for the same reason. How would I show the amount loaded onto the card vs what I actually bought for lunch ?

@petrahuijts147

3 жыл бұрын

I'm not from YNAB, but I see two options: 1. Add the gift card in your budget. Transfer money there when you load the card, record spending whenever you buy something with it. If you actually get cash back or something like that, you can track that as incoming money on the card. 2. Don't add the gift card anywhere. See the fact that you load it up with money as the moment that you spend money (on lunch, in this case). Now you will for example spend $30 for lunch on Monday and spend nothing on lunch until say the next Tuesday, when you put new money on the card. That is not exactly what is happening in reality. But in the long run, over the months, it will still show you how much you generally spend on lunch during the month.

@amyelynch1

3 жыл бұрын

If you are putting money on the card, you’ve already tracked that spending. When I reload my Starbucks card, the money goes into the appropriate category. If I were to track the gift card as well, I’m tracking the same dollars twice.

@xanwilliams3961

2 жыл бұрын

I categorize a Starbucks card reload in my dining out category and then use the card without further tracking. Any points accrued just delay the next teload

For IRA contributions, how would I record money direct deposited from my paycheck into the IRA? i.e. no transfer from checking to IRA

@YNABofficial

9 ай бұрын

Good question. If it never hits your checking or savings accounts, just don't include that in YNAB. You only need to account for your take-home pay since that money going to the IRA already has a job before you even get it!

ok I have spent money on gold savings scheme and once after 11 months got over, I have redeemed the gold for the amount I paid on monthly basis. so once I redeemed the gold, should I add this as an asset into my YNAB account. so that I can be sure that gold jewels also my asset. as this is not in currency format, how can I add in the YNAB?

@jayhamlin3586

3 жыл бұрын

In YNAB, I would treat gold jewels in a similar way that I would treat any asset that is not used in my monthly budget. It would be a tracking asset account called something like Gold Jewels and the current value is assigned to it. Every so often, like once a year, you can modify the latest assessment of the asset using Reconciliation. It is then included in your Net Worth, but it is not part of your monthly budget.

Wish I had watched videos back when I had YNAB a couple years back. I totally wasted its capabilities then! But I should have enough $ to jump back in once I'm debt free in October. Can't wait!

Uhh what about an HSA or FSA? HANNAH HELP!! Lol. I just started a new job so this is new for me and watching this video I just realized I don't see those dollars but should be budgeting them somehow?!

@YNABofficial

3 жыл бұрын

Hey there! You can add your HSA and FSA accounts as tracking accounts in YNAB to keep track of how much is in them. Here's a help document that walks you through how :) docs.youneedabudget.com/article/1321-health-savings-accounts

Hannah. Is. Hilarious. lol! Question - why would you put the budgeted amount in your category title?

@MaxGrey03

3 жыл бұрын

Dorian, adding the budgeted amount to the title helps remind you next month (and in the months that follow) of how much you planned on budgeting for that category. Of course, this is really only helpful for budget categories that stay relatively consistant from month to month.

@YNABofficial

3 жыл бұрын

Dorian, great question! I just like to have all my information up front. It helps me budget quick, it helps me know how I'm trending, and also reminds me of some expenses that happen more than monthly (like $50/2 wks or $152/yr). I'm just a visual person and love having all the details in view! -Hannah :)

I have a question. My 'age money' is lower because I transfer money to my investments account. So I don't really spend it, I just transfer it to another account. Is it possible in YNAB to change this so I can see my actual age of money?

@Evanrholloway

10 ай бұрын

I was annoyed by this at first too, but it makes sense. Technically you are spending it because you’re purchasing an asset.

I want to keep track of monies that I loan to my family. sorta an Acct Receivable how do I do that (its not a lot but nice to keep track)

@MaxGrey03

3 жыл бұрын

Wendy, I create a savings account for the loan. So technically YNAB thinks that I have the money even though I lent it to another person. You can think of it like you took the money and put it in a bank account that you have limited access to. As I receive payments back on the loan, I just treat them as a transfer from that account to whatever account you placed the money you received. Since these are account to account transfers, you don't specify any budget category to apply the transaction to. If you also receive interest on the loan, I just add transactions to the loan account and apply those amounts to the proper budget category (interest earned, for example).

@GajitUK

3 жыл бұрын

@@MaxGrey03 Another option would be to have the loan as an "Asset" tracking account. That way, you're not including cash you don't have in your budget.

@MaxGrey03

3 жыл бұрын

@@GajitUK Actually, that is exactly what I do. My initial response was poorly worded. I forgot that the tracking accounts were divided into asset and liability rather than the budgetary ones of checking/saving/credit card etc. Also, when I mention that it allows YNAB to think I have the money what I meant was that it allows YNAB to show it in my Net Worth reports as a positive. I can see looking back that I was implying that YNAB would treat that cash as part of my budget.

Does Julep ever knock down the blanket ladder? 🙌🏽

@YNABofficial

2 жыл бұрын

Ha! Nope! She's a lil too much of a lounger for that 😂 Thankfully, our new home has a lonnnnng runway between the kitchen and then front door, so this is her zoomy zone! 🌻 Hannah

I'm an adult, dang it!

Rather then just reconcile the none tracking account cant we just add a transaction to it? Say my employer pays into my pension before I get paid, be nice to see that amount per month.

@css5882

3 жыл бұрын

Yes...I would like to hear from YNAB about this too!! Can't we just add a transaction for our car loan interest or when our employer adds money? YNAB please tell us if this is wise or not! Thanks

@MaxGrey03

3 жыл бұрын

Personally, I treat tracking accounts just like any other account. That is, I add whatever transactions occur and reconcile versus my monthly statements just as I do for my regular checking account. So, I have entries for employer contributions, dividends/interest earned, etc. The main difference you notice when doing this in a tracking account as opposed to a budget account is that YNAB will not ask you to categorize the money (that is, you don't apply the funds to any budget categories, at least until you transfer the funds into a budget category).

@jayhamlin3586

3 жыл бұрын

The point is that the Tracking Account is really outside the monthly budget so in YNAB it isn't as critical as a Budget Account. Adding every transaction is perfectly fine, but it is optional. Using Reconciliation allows you to quickly modify the value to a current value without needing to worry about the details.

@MaxGrey03

3 жыл бұрын

@@jayhamlin3586 I agree - I may have misunderstood the original comment. I personally like to be very detailed with these accounts, but as you stated that is not necessary and each user can determine their own level of detail.

@jayhamlin3586

3 жыл бұрын

@@MaxGrey03 No Issue Max! What you stated is absolutely valid. I was just generally answering the question.

Why an unlinked account? Why not linked?

@kirkcopping2086

4 жыл бұрын

Primarily designed for accounts like a mortgage or an investment. That way the interest paid or earned isn't affecting your budget.

@savannahmudd3532

4 жыл бұрын

I'm also thinking it just doesn't work well for investment accounts, because the market is changing the balance, not transactions.

@gracie1ella

3 жыл бұрын

But it's certainly possible to have a tracking account that is linked. I keep my emergency fund in a high yield savings account that's a linked tracking account. This way my monthly interest automatically pops up!

How do you have emojis on a laptop? What is this magic?

@YNABofficial

4 жыл бұрын

Did you know computers actually have an emoji keyboard?! This bad boy will teach you everything you need to know! docs.youneedabudget.com/article/196-using-emoji-in-your-budget -Hannah :)

Nice white girl dance.

pls tell me U R single :))