Remove Account from Age of Money calculation

See title! 馃槉

 

I have an account in YNAB that tracks the amount in my pension. As I can't access this money until I'm 65 (I'm in the UK), this account is skewing my AoM.

 

Is there any way in the options to remove an account from the AoM calculation? Because right now AoM for me is totally inaccurate...

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  • If you have the account set up as a tracking account, which it sounds like it should be, it isnt figured in your AOM.

    Reply Like 4
  • Hi Tan Flute ! Do you have that account set up as a budget or tracking account?

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  • I didn't realise you could set up  tracking accounts! Can you retrospectively change an account type from Budget to Tracking?

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      • lindsay_g
      • Beige_Banjo.3
      • 3 mths ago
      • Reported - view

      Tan Flute I think you have to delete it then put it back in again. That鈥檚 what I did to rectify these things.

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    • Hi Tan Flute !

      It sounds like you were able to get things switched over, but I wanted to leave these instructions for anyone else who may stumble upon this thread in the future! :)

      It鈥檚 not yet possible to change the account type for an existing account, but you can create a new account and move over the transaction history. Below are the steps to do just that. If you don't want to keep the history, or if there isn't a lot to keep, then you can delete the account and create the Tracking account from scratch. Before you change things, here are some things to keep in mind if you鈥檙e switching between a budget account and a tracking account:

      Budget Account 鈫 Tracking Account

      Tracking accounts don鈥檛 have categories, because transactions in tracking accounts don't affect your budget. So, if you move transactions from a budget account to a tracking account, you will lose all categorization for those transactions (transfers between accounts may need some attention as well).

      Unless you Undo right away, there isn't a way to get all of those categorizations back, so make sure you really want to move the transactions to the new tracking account, otherwise you'll need to re-categorize each transaction if you decide to move the transactions back to a budget account.

      1. Create a new account to replace the current one by clicking Add Account > Unlinked.  Choose the account type you鈥檇 like, give it a nickname (it will need to be slightly different than the original account), and enter 0 for the balance.

      2. Go to the original account, select all of the transactions, and move them to the new account using the Edit menu.

      The next step will be to delete the original account. If it's a credit card account, first check the Notes area for the credit card payment category in case there鈥檚 anything there you want to save.

      3. Okay, it鈥檚 time to delete the original account. Click the Edit icon next to the account name in the left sidebar, and you鈥檒l see the Delete Account button. Be sure to save any text in the Account Notes field if needed.

      4. Now, you can edit the name of the new account and/or link the account if you'd like. For credit card accounts, you may want to create a goal on the new payment category in your budget.

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  • Yeah that's what I've done now. Although now my savings accounts are extending my AoM but I guess I can live with that. :)

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 3 mths ago
      • 2
      • Reported - view

      Tan Flute Personally I would not be concerned with AOM. It's not an actionable number, more of a curiosity.

      Reply Like 2
      • jenmas
      • jenmas
      • 3 mths ago
      • Reported - view

      Tan Flute isn鈥檛 that exactly the point? You are able to let money sit so it grows older and older. Also it鈥檚 not the most useful metric. When I was unemployed for 6 months it went up and up because even though no income was being added I still had expenses going out. 

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      • Patzer
      • Retired at age 60. Thank you, YNAB!
      • Patzer
      • 3 mths ago
      • 4
      • Reported - view

      Tan Flute I echo the comments that you should ignore AoM.  It can be (arguably) useful to see if you go go from 2 days to 30 or 60 days AoM, representing going from living on the very edge of overdraft to having some breathing room.  Beyond having enough breathing room to budget a full month ahead, it's a pretty worthless metric. 

      Change in AoM doesn't compare how fast you're spending money to how fast you're bringing money in; the change compares how fast you're spending money to how fast money came in however long ago the buckets were that AoM is working through now.  At end of May, my AoM was 300 days.  Right now, it's 313 days.  All this tells me is that in June to date, I've been spending money slower than I received it last October.  That's an awfully meaningless thing to look at.

      Others have argued that instead of saying 120 or 250 days, AoM should simply say, "Over 60 days."  That would remove the bulk of the meaningless gamification, but it's simplest and best to just ignore AoM when you're beyond living paycheck to paycheck.

      Reply Like 4
    • nolesrule I'm sure you have seen it, but there's a thread in the YNAB facebook group (multiple threads probably) where people take their AoM graphs and draw funny pictures from them. So you see, AoM CAN be useful... for one's artistic endeavors 馃槃

      Reply Like 1
  • I also think this would be great just to decide which accounts should be taking into the 'TBB' section. I want to add my savings account, but I don't want to 'budget it'. 

     

    What I could do is also add a 'saving'/'emergency' funds and put all my savings in their, but that's not what I want to do, I just want it removed from TBB.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 2 wk ago
      • 8
      • Reported - view

      Jeffrey Descan You think you don't but you really do. Take it from experienced YNABers and budget your savings. What is its purpose? Budget it to that. Does it have one purpose? Multiple purposes? If you don't budget it, people tend to double book it in their minds.  Give it a purpose. You saved it for some reason. Budgeting doesn't mean you have to spend it any time soon or at all.

      Reply Like 8
    • Superbone thanks for the feedback. I've added it :)! Everything's put under 'Emergency funds' for now.

      Reply Like 2
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