I received an email this weekend asking a very common question about handling transfers in YNAB. The question is so common, I decided to post my response publicly. Perhaps others will find it helpful. Client Question: What is the reason to not categorize transfers? We want to transfer money to savings accounts and track balances through YNAB…what are we missing? My Answer: It all comes down two things: money is fungibleit’s the Category balances, not the Account balances, that … [Read more...] about YNAB Transfers and categorizing savings
Decoding YNAB’s Account Type options
How about a little decoding fun? One of the first tasks you’ll tackle when setting up your YNAB4 budget is setting up your Accounts. The first couple of Accounts everyone enters are usually very basic and relatively self-explanatory: checking, savings, credit cards, cash. We’re all familiar with these types of accounts and matching our physical accounts with YNAB’s account types is fairly straightforward. But what happens when we have an account that isn’t so straightforward? … [Read more...] about Decoding YNAB’s Account Type options
Can I Change the Month Start Date in YNAB?
One of the most frequently raised issues among new YNABsters is the monthly layout of the YNAB4 Budget screen*. Perhaps you're paid once a month on the 15th and you want your "month" to run from the 15th of one month to the 14th of the next. Or maybe you're paid every two weeks and you want the "month" time blocks to be "two week" blocks instead. Or are you struggling because you have big payments due early in the month so you pay them in the previous month? It's confusing to budget this … [Read more...] about Can I Change the Month Start Date in YNAB?