Budgeting 30% of my income to BIPOC owned businesses, can YNAB help?

I am looking for the best way to track that I'm spending at least 30% of my income at businesses owned by folks that are black, indigenous and people of color. I have been adding memos and color flagging these businesses, then if I do a search, I can see the total in dollars. But I would love to run a separate report of these. Anyone have any ideas? 

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  • What would a report tell you that's different than the search? You could export transactions to a CSV, pull them into a spreadsheet, and summarize as you wish.

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    • dakinemaui I don't think I can export just those transactions, I would be exporting my whole budget. The purpose of seeing a report is so that I don't have to do the extra step of exporting. The convenience of a YNAB report is being able to check it randomly throughout the month, making sure I'm staying on track.

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    • Silver Yearling You're right, you can't just export those transactions. I would just stick with the Search. Seems like it gives you everything you want to know.

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  • love this question. I am loving how ynab helps me be accountable to my values.  It is actually my favorite aspect.

    Right now I have a few categories where most of my purchases to BIPOC businesses funnel through (a bookstore, childcare, and a grocer) , so it is concentrated enough in my budget to see at a glance what percentage income is going in that direction.  I like the idea that your post gave me of asking each budget category whether there are vendors I might be overlooking.

    I just wanted to comment so I can follow the thread in case more ideas get posted. thanks!

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    • Ivory Storm thank you for commenting! :) Glad I'm not the only one doing this kind of thing on YNAB. It's such a great tool, I think being able to run reports on flagged transactions or memos would take it to the next level. I've been flagging all my BIPOC purchases with a single color in hopes that's available at some point. I just made a feature request for this and included that I'm open to other suggestions and would love to see a blog post on this sort of thing. 

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    • Silver Yearling i would love to see a blog post like that. For many years my resistance to budgeting was that I knew personal finance wouldn't 'recommend' many of the financial decisions I make due to my own unique values.  And I didn't want to deal with internet voices telling me No. YNAB was a revelation . . it's *my* values, just more effectively pursued. I love it. I hope they respond to your feature request and do a blog post!

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  • Seems like something that could be done in Google Sheets using YNAB's API.

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    • nolesrule Yes, that's a possibility, but I am hoping for a solution within the app, so that I can seeing the percentage routinely through the month and keep on track.

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  • Honestly trying to understand, and I've hesitated to ask this, but I'll go ahead anyway...

    How is using race to choose where you spend your money not contradicting the very thing you seem to be promoting?

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    • dakinemaui  I heard an analogy that made sense to me: if a house is on fire, you don't put a firehose on every house in the street. You go to the one on fire, because there is the need. I think helping with business is meant as supporting that idea.

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      • dakinemaui
      • dakinemaui
      • 13 days ago
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      Powder Blue Pony Thanks for weighing in! I get helping because of need. "Buy local" addresses that, but without regard to race. 

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    • dakinemaui I was still pondering how to view need exactly in this case. Business doesn't seem to be the central thing, but more (un)equal opportunity. And via that route supporting business does support opportunity I think.

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  • It's good to 'regard race.' How else do we address the problem of massive systemic racism in the country, if we don't directly look at race? I don't see how that could work. To address racism we have to deal with, look at race and we specifically have to direct resources, love, respect, and attention to black and brown people and communities.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 12 days ago
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      Ivory Storm It's all about budgeting to your priorities. This is no different.

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