Age of money 2018

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  • Hi all!

    I am new to YNAB and I am trying to learn as much as possible.  What do the days of buffering mean and how do I see that on YNAB.  Thanks in advance!

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    • Lavender Projector It's from the old YNAB4 and it means how many days you can live off the current money in your account/budget. So if you get a paycheck and budget it out for all your obligations for the next 2 weeks, you're buffered 2 weeks. You can see this by using a chrome extension called the YNAB toolkit.

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      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 yrs ago
      • 1
      • Reported - view

      Lavender Projector 

      The days of buffering is a metric provided through the YNAB toolkit, a free Chrome extension created by a team of volunteer YNAB enthusiasts. It only works on the web version of YNAB (not any of the older stand-alone versions).  It will only work on your desktop. You can read about the toolkit in this thread here.  Basically, it uses your past spending and the total of your account liquidity to make an assumption of how many days of spending your current money will provide.

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  • Target Date HappyDance thank you so much guys for the prompt response.  By the way, does the buffering metric take into consideration the income that comes into our accounts in relation to the expenses? is that how it determines how many days we can live on the expected ongoing expenses?

    Thank you fo the help!

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      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 yrs ago
      • Reported - view

      Lavender Projector 

      I think that would be a good question to post in the Toolkit thread I linked above. If you tag Ben (aka furiousfalcon) in that thread (start typing @ followed by Ben, and you should see his moniker as an option in that thread since he has posted quite a bit there), you will get a definitive response rather than my best (untechnical) guess.

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  • Thank you so much.  Just posted.

    Have a great day!

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  • Checking in with my March AoM as i'm travelling tomorrow and will likely have no internet. 20 days now i did a fresh start at the end of February.

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  • Checking in on this last day of March.  My AoM has reached 38 Days!  I attribute this to the attaching of a money market account I’ve had for ages that has typically carried a balance of $5000.  I was previously hesitant to include it in my budget, but this month changed my mind and brought it in.  Improved interest rates made me realize I should be placing more money into it and perhaps designate it as my emergency/rainy day funds account.

    I also received my Annual Bonus in March.  Along with being able to crush my credit card debt (even in light of some big purchases) I was able to fully budget a month out.  So April has all categories funded, and that was all wrapped up a couple of weeks ago!  Good grief!!  This YNAB thing... I’m actually doing it!!!

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  •  

    March check-in.  I experienced a 28 day increase in my AoM over the last month.  My spending continues to be quite low, mostly because I'm too busy at work, so after a 10 to 12-hour day there is no time to socialize, shop, or spend. This is a good thing.  🙂 My categories are getting really full.  I anticipate a one-off car expense next month -- new summer tires plus having my winter tires removed/stored (if only it would stop snowing already!) -- plus I'm anticipating a very spendy June -- investment transfers, big recurring annual expenses, and a surgery co-pay -- so it will be interesting to see the AoM progression over the cyclical spending of my planned and predictable expenses.

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  • I'm in. My AOM has dropped 18 points in the first 6 days of April. This is partially due to transferring some money from active to tracking accounts, but also due to some big expenses (half budgeted, half I went into the emergency fund to pay). I also found out my job will end "at some point this year". I want to have a nice buffer before that happens, in case I can't line up a new gig before that. 

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  •  

    My AoM last month, after month end revisions (inlcuding cancelled purchases) ended up at 179, but there's no way to edit or revise my previous post, so I'm mentioning it here.

    I'm expecting a couple of big irregular expenses this month, so it will be interesting to see what that does to my AoM.

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  • AoM increased by one day in April, so AoM ended up at 280, along with 352 days of buffering.

    In my experience, my AoM tends to drop towards the end, so I keep my goal at 240 for now.

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  • I'm joining today

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  • Hi, we'd be interested in joining this challenge.

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  • oh man the magical 30 days stays tantalisingly just out of reach ... hovering around 26 -29! Still, we seem to be gaining around 8 days per month (well, it's only been 3 full months so far) have to keep the faith! 

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  • kayjenx said:
    Really hoping to get this to at least 30 days by March.

     This is not happening. I am now finally at 21 days since that drop to 18.  Really struggling here.

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  • oh oh oh oh !!! we finally got to 30 days!!!!! Ok, it will drop back down .. but still, it's been so close for weeks now  - so I'm counting this as a win!!!

    It's taken 4 months from starting at a few dollars off $0 in our acct. We're paid weekly, does anyone know what, if any impact that tends to make on AOM? Thanks xx

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  • Realizing now I missed the April check in.  Oops!!  So my update is my Age of Money continued to climb through April and May thanks to my emergency savings being figured in the mix.  Got up to 78 Days... and then our AC died, requiring a total replacement of our system which ran a touch over $5k.  Ouch.  The good news is I was able to write a check to cover the cost and not add to my debt (thank you, YNAB!), but the not so good news is my AoM is dropping.  As of the end of May, I’m showing 69 days.

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  •  

    My AoM is holding the line at 179/180 despite a very expensive month of May, all expenses budgeted for and anticipated.  Lots of annual stuff coming up in June, too.  

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  • End-of-May check in:

    I've been steadily climbing a couple AoM days each month, up to 25 now, so close to 30! :)

    I'm also nearly fully "buffered" in the old-YNAB sense (i.e. I was able to *almost* fully budget June with my June 1st paycheck, and I should hopefully be able to budget all of July with my next 2 June paychecks!), so it's neat to see that these two metrics are pretty closely aligned, though it seems somewhat coincidental.

    I haven't really started building up True Expense funds (rather I've been juggling large expected expenses one at a time so far this year as they've come up!), but I have managed to save up a $1000 mini efund, which is giving my AoM metric a nice little cushion. :)

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  •  

    AoM dropped to 178 with a last minute adjustment to May and stayed at 178 for most of June despite my spending the equivalent of twice my monthly income. June is a big annual expenses month for me.  It's only been in the last week that it's been dropping with each small purchase.  I expected it would drop by much more than 14 this month.  I suspect it will continue to drop in July by the significant amount I thought I'd see in June.  But I've been wrong before. It really is a strange little metric.

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  • End-of-June check-in:

    Age of Money dropped from 25 at end of May to 14 at end of June.

    This is because June was an "extra paycheck" month, and I'd initially been planning to let the extra paycheck roll over into July's budget, but instead I decided to send it towards my high-interest debt. I'm glad to see the debt decrease, but am also realizing I'm cutting things much closer than I'd like having slashed my buffer, so I'm going to work on building up my True Expense funds now, which should help this number creep back up closer to 30. :)

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      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 2 yrs ago
      • 1
      • Reported - view

      Resistant Punch Roller 

      That sounds right.  When I used half of my buffer and cleaned out some true expenses categories to kill my last debt a month early (just to get the kill officially done in 2016), my AoM dropped to about 14.

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  • June update:

    Finally got over 30 days! Yeah!

     

    However I also just started a new contract that has biweekly pay, instead of weekly as I've been doing. So I am expecting only one paycheck in July. 

    Good news: I'll get three in August.

    Great news: new contract includes a *significant* rate increase, that I am pushing directly into savings so I expect my AOM will reach my goal soon!

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  • The downward slide from May’s AC purchase continues, and I went from 69 days down to 55 before the numbers started to climb back up again.  Got to 68 days before that downward trend started.  Ended June at 66 Days.

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    • Oops... scratch that 66 Days at the end of June.  I forgot about recording my auto insurance payment that happened at the end of June, which came through on Direct Import today.  So my real AoM recorded at the end of June was 55.  Muuuuch different from 66, but still more than 30.  So even with a big HVAC purchase last month and my insurance payment in June, I’m still living way beyond a paycheck to paycheck cycle!

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  •  

    My AoM jumped back up +10 from end of June to end of July.  My powers of AoM number prediction clearly suck big time, not that I'm complaining. 🙂

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  • My AoM keeps rapidly building (+25), likely as a result of me saving a sizable chunk of income each month. I have some big expenses coming up this fall, but as my AoM is approaching a full year, even huge one time expenses shouldn't be noticeable before at least a handful of months go by. And then it may possibly drop by some unknowable amount of days, depending on what I do during the coming year? 😉

     

    308 days Age of Money

    426 days Days of Buffering

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  • AoM for August is up by 4. DoB up by 15. I have stopped trying to figure out why.

     

    312 days Age of Money

    441 days Days of Buffering

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  • This was the prediction that I made over half a year ago:

    I transitioned to nYNAB with a fresh start on January 16, 2018. Based on my account balances and my average spending habits, my "Age of Money" will grow to around 180 before settling down. My goals is to get to 210 before the end of the year.

    This hit the nail in the head! I ended January with 14 days for my AoM (because I started mid-January). Then, I increased roughly 30 days per month. In July, I ended with 195 days. In August I dropped down to 188. I think that I'll start to see my AoM fluctuate quite a bit in September, but generally it will hover right above the 180 mark. In these last 4 months of the year, I will see if I can meet my goal of 210.

    As of today, my Days of Buffering is 199.

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