Any way to make target goals by date RECURRING?

Hey everyone I’m curious if when you set a goal by a target date if it’s possible to make that goal a recurring event. 

For example (and this could apply to a couple of different budget categories for me), I have my HOA insurance that is usually around $350/yr and debited from my account on July 30th. Note: I’ve already paid it this year and met my target funding goal but is there any way to make this a recurring goal every July 30th? 

This is separate than monthly category funding goals because this to me seems more exact. Is this feature available? Love YNAB thanks for the great product and support staff!

-Mike 

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  • So far I just adjust the year manually after making a yearly payment. It's not automated but personally I don't mind too much, it's become part of the satisfaction of "I was ready for this 😎" 🙂

    Like 5
  • Hey Mike! ( Purple Vacuum )

    I'm so glad you're loving YNAB, and that you're able to save up for those yearly expenses like it's no big deal! That's awesome. 💪

     

    Like Coral Hammerhead said, there isn't a way to make goals recurring, but I think it's a great idea! Sometime in the near future we want to give the goals feature a bit of TLC, so would you mind submitting your idea via the Feature Request Form? From there it's collected in a database, and just about every day, our Design Team combs through and codes them all, asking questions like Where is this person in their budgeting journey? What problem are they wanting to solve? Then, in regular research cycles they analyze all this collected feedback to plan for what’s up next  in YNAB!

     

    Thanks so much Mike, and happy budgeting!

    Like 2
  • Is this feature available yet? Am wondering the same right now with my homeowner insurance ! 😬

    Like
      • dakinemaui
      • dakinemaui
      • 8 mths ago
      • 1
      • Reported - view

      Khaki Sander nope, it's still a manual edit to advance.

      Like 1
    • Hi Khaki Sander !

      This feature isn't available yet, but we're looking into it! We just made a number of changes to the goals feature and we're working on improving them even further! :)

      Like 1
  • I'm looking sooo much forward to that, as I'm very specific in my budget. So each person in my family has to entries, birthday and christmas. Also all our non monthly "subscribtions" insurance, loans, electric, water etc... I have around 50-60 non montly recurring lines, and I really dislike that I have to remember creating the goal again, for now I've just calculated the monthly and done it that way, but sometimes I get an extra bill due to electric is over / under, and then I have to manually transfer money to / from that budget.   I would love for it to be.. Oh you got an extra small bill, this means you have to add this amount each month to now reach the goal. Something like that :)

    Like
    •   Also it makes budgetting in the next month pretty errorprone. I'm trying to do the 3 month ahaed, so thatI have enough on the account to live 3 month, which means today I budget the money for february, but if a yearly goal is between now and the month I budget, all the Target By Date goals doesn't work, even if I set the goal for next year, as it looks at the budget and goes.. Yep you have the money, no need to add more, so I manually have to add to those.

       

      For me the best would be the recurring goal, but a compromise could be add multiple goals and that the goals look into the upcomming payments, so if a payment is upcomming it should deduct that in goal calculations.. Hope that make sense.. 

      Like 3
      • dakinemaui
      • dakinemaui
      • 8 mths ago
      • Reported - view

      Cornflower Blue Disk Consider budgeting only through next month and keeping the rest in an Income Replacement category. This avoids the issue with non-recurring goals and is far fewer numbers to edit as priorities and book about inevitably change. Not flipping back and forth through multiple screens saves time as well.

      Totally agree on the recurring Goals, though. Such an obvious thing that should have been there from the start.

      Like
    • Cornflower Blue Disk This is what I do! Budgeting months in advance is a much better way to handle creating a safety net, than having the safety net as a line item in the budget. I know that I can exactly meet my next three months of a expenses. I love it.

      Like 1
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • 2
      • Reported - view

      Cornflower Blue Piranha I feel the opposite, as I can see I have 3x my income in a category at a glance. I don't have to flip through multiple screens to see how far my cushion will take me. I also don't have to change a bunch of numbers out several months when bill amounts or priorities change.

      Like 2
    • dakinemaui Gasp! Someone does something different than you! Story at eleven!

      Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • 5
      • Reported - view

      Cornflower Blue Piranha Not sure why the angst. I expressed a different opinion with reasons why I feel the way I do. I didn't say that you were wrong to do it your way or that you should change. My intent was to draw a contrast so someone else might make an educated comparison. YMMV as always.

      Like 5
  • I came here looking for this exact thing and it seems i will be adding my name to the waiting list of those who want this feature.... 

    Make target goals by date RECURRING so that when a goal is reached it automatically starts the goal by target date over with the same parameters as the previous one just with a new end date. IE: Xmas gifts spend by date goal rolls around in Dec, in Jan it starts the 12 month goal over for the exact same amount but instead of Dec 2019 it now has a goal date of Dec 2020 with anything left over in that budget line item from the previous year being applied to the new goal. Even just a check box for the option to make it recurring or not would be AWESOME! I nearly lost an entire month of budgeting for a future goal because the goal date came, I had the money set aside, I paid it and then I needed to start saving for the exact same amount in 12 months. This already works for spend per each month so now it needs to be able to be applied to 2, 3, 5, 6, 9, 12 or how ever many months your recurring payment needs to be set up for. I have 3 budget line items that are due every 3 months and some that are every 6 months along with the usual every 12 months that all need saved for so that the payments aren't a shock to my budgeted amounts. Yes I already use the recurring bills in the transaction register so now the goals needs to match those! If I put in a recurring bill it should automatically make the matching budget line item goal recurring.

    Like 4
    • Wizard Totally agree.  This was the first thing I was trying to figure out how to do with my property taxes, and quarterly federal taxes.  These are the two biggest monsters in my budget and I don't like the unease of not knowing whether I'm budgeting for these correctly.  +1 for this feature.

      Like 1
    • Forest Green Cheetah Our development team is currently looking into ways to further improve goal options. If you haven't already, you can let them know what options you'd like to see by submitting a Feature Request. Thank you so much!

      Like
  • I am with those that want to make target goal by date reoccurring.  I can see that it would be very useful to NOT have to do this manual intervention on each one I have established, for the next occurence of the same budgeted item.  

    Like 1
  • Adding my name to the list of people who would love this! It would be very useful for quarterly, semi-annual, and annual bills so that I can target having the money there when I need it without having to manually set it again. Would also be great for seasonal expenses that aren't bills, like saving money for Christmas gifts

    Like 1
  • Hi all!

    Thank you for adding your thoughts here! We're working on ways to further improve goals and have a few things up our sleeves! If you have any details you'd like to pass along to our Product Team, please don't hesitate to submit a Feature Request. :)

    Like
  • +1'ing this feature request and i'll put something into the Feature Request form. It takes a lot of time to set up annual goals...

    Like 1
  • +1 recurring goal.

    Ironically enough, the goal I was hoping to make recurring was my $83.99 annual payment to YNAB which is funded for this month (Jan 2020) but I'm now looking into February's budget and not happy it doesn't include 1/12th of the 83.99 payment for Jan 2021 automatically.  Hopefully enabling me to chip away at this bill to plan for Jan 2021, payable to YNAB, will cause these "tricks up the sleeve" to be released sooner rather than later. I mean come on, the ROI for my payment alone must be.... well OK... ;)

    Like 1
    • Steve in PA Thanks for weighing in here! Our development team is currently looking into ways to further improve goal options. I can't give you a time frame, but it's on our radar for future ROI! ;)

      Like 1
  • Recurring goals isn't an option? Weird... Seems  like a pretty obvious feature to include, but then again there's no calendar dates available for goals either and that's very strange.  Maybe there's a reason why there's no calendar or recurring goal setting?

    Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • 1
      • Reported - view

      Silver Inspector A particular day for a goal doesn't make sense when the budget is month-centric. Only you can know if you will budget to the category before the outflow in the finals month.

      FWIW, there used to be a day, but was recently (finally) removed because of all the confusion it caused.

      However, a recurrence capability will be greatly appreciated by many.

      Like 1
    • Hi Silver Inspector !

      We're taking a closer look at how we can improve goals and how they function. I can't give any details just yet, but the goal is to make goals more user-friendly. :)

      Like 2
    • dakinemaui lol, there used to be a feature for calendar days and it got removed? How weird is that? Bills, birthdays, holidays, home closings, credit card payments and so on, happen on certain dates. Even Microsoft Money 95 had a calendar date setting feature for stuff, and that was a loooong time ago. I'm glad my Google calendar still has the days of the month in it. Oh well... You can't stop progress.

      Like
    • Faness thanks  looking forward to it!

      Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • Reported - view

      Silver Inspector When the goal acts identically regardless of the day you specify, there is no point in specifying the day.

      Like
    • dakinemaui I'm pretty sure currently, that setting goals only has the option of picking a month. That's goofy. There should be a date too. The only things due on the 1st of the month (for me at least), is the mortgage and monthly HOA. Everything else has a different day. Saving an amount, by a certain month is pretty defeating and super confusing when in reality things happen on certain dates within a month. Unless you're well off enough to just stockpile money months or weeks ahead, the current goal setting without a date makes zero sense.

      Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • Reported - view

      Silver Inspector I will repeat, there are no budget values for individual days. The budget value is for, say, February, which is a month. You should know whether your expected income arrival will allow a budget entry before the outflow date and set the goal's target MONTH accordingly.

      If you will not budget before an outflow on Feb 15, then you need to set the goal's target for JANUARY. Specifying a Target Date of Feb 15 (assuming that was possible) would obviously leave you short.

      Like
    • dakinemaui Maybe I'm missing something, or don't understand how to use the YNAB system properly. My confusion is that I've got expenses that occur at varying dates and they're pretty much consistent throughout the  weeks, months and years.

      Unless I'm at least a full month or more ahead in terms of money surplus, how would I do a zero based budget, based on only the money I've got currently and with each successive paycheck?

      I thought the goals were supposed to help as reminders to fill up those priority money buckets that I mapped out planning where each dollar will be spent.

      Hypothetically, if I've got bills throughout the month at various dates, as well as longer term goals that are date specific, how do goals work without a date? Or do you mean the current YNAB software has a glitch where regardless of having a date, it didn't work properly?

      Thx

      Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • Reported - view

      Silver Inspector When money arrives, ask yourself where it is needed before being paid again. Allocate some to those various purposes (categories). That is how you make a plan for those dollars. Repeat when you get more. Ensure the important things get money, because there is never enough to do everything you want.

      Yes, a goal can be used to remind you, but it's certainly not mandatory. Naming your category "Groceries $500" does the same thing. Or even "Groceries $250/check" if you happen to be paid bi-weekly. YNAB works just fine without Goals. The only thing they really do is save a few keystrokes and possibly do some simple math. That is why they don't need a day -- they simply fill in the number you would normally type into this MONTH'S budget cell with the press of a button.

      Like
      • Wizard
      • Wizard
      • 5 mths ago
      • Reported - view

      Silver Inspector I use the goals for monthly and long term spending. 

      On the monthly bills I have set up the spending per month goal and then labeled the due date on the category line item as shown in this screen shot of my actual budget. I then arranged all of the monthly bills by due date and made sure they were funded no later than that due date. This helped me to be sure everything was funded during each paycheck period prior to breaking out of that cycle. The motorcycle insurance line looks weird because I pay it annually but I wanted to be sure I funded it the same out of my monthly budget and it wasn't accidentally overlooked. So the $688 spending goal is actually set for 12 month period but when it rolls over I don't want to miss it if I forget to reset the goal date.

      In the long term goals by date it funds the goal by the 1st of the month it is set to happen in so that no matter what day of the month it falls on it will be funded. If this really worries you that you won't have it funded in time if you haven't broken the paycheck to paycheck cycle then set the goal to the month prior to the one it is due in. IE a Nov 2020 annual bill can be set as to be funded by Oct 2020 and then even if that bill is due Nov 1st 2020 it will be fully funded with no problems on last months money.

      Now, as I said much earlier in this thread I REALLY would like the goals to automatically reset for the same period of time or, better yet allow me to select how often they recur the same as the scheduled transactions in the accounts page here in YNAB. Example, I have some that recycle every 6 months and one that recurs every 12 months but I have two subscriptions for it that are about 6 months apart. So this 12 month goal actually happens twice in that 12 months so setting it for 6 months would give me a truer budget line instead of doubling the annual goal or having two lines for the same name with different goal dates. 

      Like
    • dakinemaui thanks for the replies. I understand there workaround, (learned it from a YouTube video from a guy who lives in an airstream and travels with his wife). Its just disheartening that rather than being setup to help people trying to "get out of debt and stop living paycheck to paycheck", YNAB is actually better suited and optimized for people already out of debt, who are way ahead of the curve and have at least a month in advance worth of expenses already setup in auto pay at their bank. Funding everything within a month the month before and having it ready to spend the first of the month seems like a fairy tale to someone without the means. So much tech inside the software, but no calendar or reminders (notifications), seems ludicrous for a system that's designed to help a person manage money better.

      I'm in a subscription now and still trying to make the best of it as is. I guess Google calendar is an option.

      Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • 1
      • Reported - view

      Silver Inspector Many people who need to manually pay a bill will schedule a transaction in YNAB for when they need to act. The scheduled transaction firing is exactly the reminder they need. The scheduler is essentially the "Agenda" view of a traditional calendar. If you're the type that needs more reminders than that, there are tons of To Do apps, no need for YNAB to reinvent the wheel.

      I'm pretty sure that the majority of users are not a month ahead, and they don't seem to have issues. Certainly "living on last month's income" is easier, but it's not exactly hard otherwise. Many people group categories for Check 1, Check 2, etc. and allocate their check with a few clicks, some in the month, perhaps some in next month. TBH, I started with an earlier version that didn't have Goals; ripping through 50 categories manually typing in budget values took only a few minutes when I was not that far ahead.

      TBH, the only hard part about YNAB is establishing/understanding your own priorities -- which you will face regardless of whether you are "ahead" or still paycheck-to-paycheck. With that understanding, budgeting is actually trivial (highest priority gets money first, stop when you're out of money).

      Like 1
  • Silver Inspector said:
    YNAB is actually better suited and optimized for people already out of debt, who are way ahead of the curve and have at least a month in advance worth of expenses

    I'll offer an additional perspective on why YNAB is quite invaluable for paycheck-to-paycheck folks. Back in the "dark ages", people did zero-based budgeting with cash and paper envelopes. You can easily do that in YNAB simply by always budgeting in the current month. In fact, that's my recommendation until you are "ahead", as it keeps your entire plan on a single screen. I'd argue it's the most efficient way to use YNAB when paycheck-to-paycheck.

    Like 2
  • dakinemaui said:
    The scheduler is essentially the "Agenda" view of a traditional calendar. If you're the type that needs more reminders than that, there are tons of To Do apps, no need for YNAB to reinvent the wheel.

     Thanks for the info. I'm into my 4th month with YNAB and still trying to figure out how to use it properly.  Just this month I did schedule some transactions because I had to setup some ACH withdrawals to creditors. I noticed that I can view them with the new running balance feature, I can visually see what those transactions will do to my future bank balance.

    The goal setting seemed like a neat idea. I hope they iron it out and get it working. In the meanwhile, I wonder if with the YNAB API, perhaps there's already a proper recurring goal feature out there somewhere with a calendar and notifications that could integrate with YNAB now... That would be super handy.

    Like
  • This would be a great feature and I think it could be integrated into the existing goal structure.  Instead of being able to set monthly spending/contribution goals, simply have those goal settings be to save $X per Y months, with Y defaulting to 1.  Thus you'd get the functionality of the monthly spending & contribution goals but you can set your desired frequency on a case-by case basis.

    Like 1
  • So,  I tool dakinemaui's advice and started to use the + Add transaction & "recurring" feature to setup anything that repeats instead of the "Goals". I'm not sure if the ovals will change color or warn me if I've got a transaction coming up, but its better than nothing and with the new "running balance" turned on, it shows me what the future transactions will do to my checking balance. If the recurring transactions could trigger the "you need $$$ to stay on budget" and alert me with notifications that would be uber helpful, but for now opening up the check register at what's coming up will need to suffice. I'm not exactly sure what the Goals feature is good for without calendar dates.

    Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • Reported - view

      Silver Inspector There will be an Underfunded warning in the month of the scheduled outflow -- an implicit goal, if you will.

      This is fine for monthly recurrence, but most will use goals for less frequent outflows. Again, you should set the target month based on whether you can budget to that category prior to the outflow or not.

      Like
    • dakinemaui got it, cool. So instead of setting up goals like in the how to videos, (where they basically goal everything), I'd only setup a goal for something that land on or before the first of the month. I can't think of anything except the mortgage and HOA that is on the 1st, maybe I'll use it for that. Thanks again.

      Like
      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • Reported - view

      Silver Inspector Since you're a month ahead, the implicit goal via scheduler is fine for those monthly transactions on the 1st. (You obviously have the money ready to budget before the end of the previous month. Many people stash it in a holding category during the month and then release it at the end if the month.)

      Like
      • casner
      • Now retired, and figuring out transitions
      • casner
      • 5 mths ago
      • Reported - view

      Silver Inspector I use both Scheduled Transactions and Goals rather heavily. Yes, I am buffered, which makes it easier. The Scheduled amounts do show up if you select a Category in the Budget screen and look in the right column (Inspector). It will tell you that you have 'n' upcoming transactions totalling 'x' and that this Category will have 'y' left after those transactions (might be negative!)

      Like
  • +1 For a recurring goal feature!

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