It's just not adding up!
I'm still having issues with getting the budget right. I've added everything for the week, including my check and now, it looks like I have received extra money and I'm in the red for some things, even though I've budgeted for it and added the transaction. Should I not be adding my bank info and just using this as a template? I have watched the videos so many times and I'm still not getting this correct. I've spent so many hours too! Is there live support?
Am I correct in that I should not be adding my income to the budget but keep it as to be budgeted and then budget it out? I just read that in the docs. If so, that solves this issue. However, I still seem to be in the red with my monthly goals. In the picture I've posted, I have a monthly goal of $400 and $100 is budgeted each week. So far, I've applied $200 and it's cleared the bank but my budget says that I've overspent when I'm actually right on track.
The columns are Budgeted, Activity and Available. What your budget currently shows is that you have only budgeted $100 so far but have spent $200.
Available = Budgeted + Activity +Any budgeted balance b/f from the month before.
(Technically it is the net budgeted and the net of any activity). The available balance is just the sum shown above, it does not relate to your goal. If you had budgeted $200 and spent $200 at this point you would have $0 in the available column with an orange $0 showing that you haven't yet reached your monthly funding goal.
Hi Kym H ,
I've just looked at your other posts and it seems to me like the goal feature is potentially what is confusing you. Goals do not do anything other than let you keep a record of what you want to achieve for a category and how you are progressing against that plan. They do not actually budget any money.
I know that the YNAB quick start guide has goals as step 1 but you can budget very successfully without them. Indeed they didn't exist in any prior versions of YNAB. They can give a very easy overview of how you are doing against your plan and do the maths for you if, for example, you have a $463 bill to pay in 5 months time but they are not essential and can be confusing for people just starting out.
The key thing to remember is that setting up goals does not allocate any money into your categories. You need to follow this step to actually do that.
Hi, Kym H
This has nothing to do with the question you asked. But you mentioned that you are budgeting weekly with 4-5 paycheques a month. One of the life-altering budgeting concepts in YNAB is that of aging your money, or as YNAB used to say 'getting buffered'. You can read about that concept in this thread: What's a Buffer?
Right now, you're organized to manage your finances and budget once a week, upon each inflow of a new paycheque. Using YNAB can get you and your husband off the frenetic paycheque-to-paycheque cycle. Imagine how civilized it would be to calmly sit down on the first of each month and budget the entire upcoming month with all of the money you earned in the previous month.... YNAB can get you there. You'd be amazed at what a difference that shift in financial organization can do for your ability to plan, spend, and save.
Welcome to the forum.