I add a manual transaction and expect the balance to reflect the amount but it does not
Sorry, just signed up for YNAB and trying to use a feature that I really need and though is available. So I am starting for whatever balance is currently available in my checking account right now. Then I add a manual transaction, some expense that I expect to hit in a few days. I would expect that amount that is on the manual transaction to be deducted from the current balance and the new balance to be posted at the top of the page. But that does not happen. Probably I don't know how to use this tool. Can somebody help?
You're not the only one that wants a future/committed transaction to impact category balances. As implemented, it's on you to remember that category balance doesn't provide realistic spending guidance for other decisions. (The common example is an Amazon Pantry order hitting a Grocery category next week, but you need to know how much you can spend on Groceries today without shooting yourself in the foot.)
Alternatively, you can date the transaction for today, which doesn't provide a realistic account balance, but does facilitate good spending decisions for other transactions within that category. (For longer timelines, this approach can lead to failure to match if you import transactions.)
Pick your poison.
Oh, and you might consider making an official request (email is one way) to add future-dated transactions that immediately impact category/account balances. (This would be in addition to the currently implemented "scheduled" transaction that affects neither balance.) That way the user can make the choice for their particular needs.Reply
Also relevant that you can see the balance after scheduled transactions hit in the inspector on both web and mobile. It requires you to know which categories have scheduled transactions, so it is less than ideal, but seems to be about as far as the company is actually willing to go on this one.Reply
It always amazes me how people (YNAB in this case) can create complex application but leave out plain simple features. Is it me or this feature would be a MUST? I live paycheck to paycheck and I'm quoting here: "Nearly 80 percent of American workers (78 percent) say they're living paycheck to paycheck, according to a 2017 report by employment website CareerBuilder." Because of that I NEED TO KNOW that any future expense won't drive my account in overdraft. Sure, fancy budget planning may be fun for some people but my immediate concern is to keep my checking account in balance and I want a simple, convenient tool to do that.Reply
I feel your pain. YNAB has stupidly decided all future dated transactions are scheduled and will not affect anything until the date they occur. To add insult to injury, on that date you will be expected to approve the transaction that you presumably entered correctly.
My workarounds: Use Toolkit. Turn on running balance so I can see the future account balance after the next instance of each scheduled transaction occurs. Turn on "Show Upcoming Transaction Total" so I can see the total of scheduled transaction for this month on the budget page in small print, instead of having to click the inspector for each category.
This is less useful than having real committed future transactions in the register, but it's better than the base YNAB package as implemented.Reply
Hi Ivory Sun ! Welcome to You Need A Budget!
We want you to have 100% accurate and honest feedback about right now. With that in mind, scheduled transactions won’t impact your budget until the date they are scheduled.
I understand the desire to look ahead and see if you have enough money to cover what's coming. That's important, and there are two tools built in that will help:
1. If you don't have enough money to cover upcoming transactions in a category, you'll see a warning in the Inspector when you have that category selected. Here’s a quick video showing where you’ll find that warning.
2. The other is goals. When you set a goal for a category and are short of it, you will see a warning in the Inspector.
With both, you will also see a warning in your category’s Available column. If you need to budget more for what is coming up, the balance there will be yellow. It may be a bit of an adjustment if you are used to using future-dated transactions in your budget – we're here if you need help!
If you'd like to see those handled differently, would you mind submitting a Feature Request? That form goes directly to our team so you can let them know what you’d like to see going forward. 😀Reply
Nicole For some reason I see this happening often all around. People like to use complicated solutions for simple problems. Thanks for the 2 suggestions. They are complicated. And the problem is simple. I obviously don't have one checking account for each category. I only have ONE checking account and there is only ONE balance that I care about. And obviously I don't want to wait until the scheduled date to find out that I did not have enough money in that one account. Simple problem. Complicated (really I won't take the pain to use them) solutions. When it would be so simple to add one field on the screen that shows the balance that reflects all transactions, past and scheduled. Are all your programmers on vacation?Reply
I asked in hopes of finding a happy medium
The happy medium is to allow the user to decide when a future-dated transaction should or should not affect category & account balances. Only we will know how "committed" those funds really are, and in truth, BOTH use cases need to be present.
I continued to be baffled why YNAB thinks a reactive approach is better than the proactive on this topic. After all, the entire premise of YNAB is to proactively plan your spending so you don't accidentally use funds that you need for a later purchase.
I get that YNAB is worried someone will enter an inflow before receipt so they can intentionally violate Rule 1. Surely you realize this is trivially circumvented (e.g., use the current date), so this insistence only hurts those who are actually trying to use YNAB responsibly.Reply
This is a ridiculous statement and added nothing to the discussion.
I was suggesting separating the scheduled transactions into a category of their own so that it removes the need to second guess the grocery category balance.Reply