BUDGETING INCOME

Just getting started. Successfully added four bank accounts. Now, the entire combined balance of all the accounts shows up in the Green "To be budgeted" tab at the top center of my screen.  I only want the amount of the four paychecks my wife and I will receive this month to appear as funds to be budgeted. The first of these has already been deposited in the bank.

What do I need to do to remove all but that one check from the "To be budgeted" tab?

57replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • You should really embrace the YNAB methodology. Put all your checking and savings accounts on budget. Then assign jobs to all of those dollars. Just because you have allocated funds to a category doesn't mean you have to spend them any time soon, or ever. For example I have a Catastrophic Loss of Income category that will cover me for 6-8 months. I hope to never touch that money. But it's there in the budget ready to go if needed (I'm a federal contractor who is burning my PTO right now and when that runs out I'll be on leave without pay and contractors never get backpay). Other categories are just delayed spending: I put $X/month in a category for Christmas presents, $X/month for all other presents, $X/month for vacation, etc and so on. I have 12 master categories with 60+ categories on my budget page and I have 3 checking accounts, 4 savings accounts, 5 CDs, 8 credit cards, 1 gift card account, 1 wallet account, 1 cash stash account, and 1 foreign currency account all on budget. None of them are linked by the way, I do 100% manual entry. I could not tell you which account holds the $XXX I've saved up for a kitchen remodel or the $YY for January groceries, because I budget by category, not by account. I only care about account balance on the day that I have to pay a credit card bill. But I also know that my average monthly outgoings are $X so I keep $X+Y% in my main checking account and everything else goes to an account with a better interest rate.

    In YNAB you save money by assigning it to a category and then not spending it rather than shunting it off to some account. Yes this requires the individual to take control of their budget and say "I will not reallocate $30 from my New Car Fund in order to go out to dinner tonight."

    Reply Like 3
      • Karl
      • KARL_NAB
      • 5 mths ago
      • Reported - view

      jenmas 

      Reply Like
      • Karl
      • KARL_NAB
      • 5 mths ago
      • Reported - view

      Karl Thank you very much! This is helpful information. I'm realizing  I have to re-program my thinking. Old dog. New trick!! Sorry you're being impacted by the shutdown circus. Good that you have a backup plan!

      Reply Like
  • You can’t. YNAB is like a virtual envelope system. What is that moneys job?  Is some of it waiting to pay car registration, some for gifts, some for taxes, some for vacation, etc. make categories and budget it there.  It will stay in the category you put it in until you spend it. You also won’t budget your remaining checks until you receive them. 

    Reply Like
      • Karl
      • KARL_NAB
      • 5 mths ago
      • Reported - view

      satcook Thank you. I am not familiar with  the envelope system, but the name suggests one in which all one's money gets sorted into various envelopes to be disbursed when needed for the purpose intended. 

      So... if I understand correctly, any funds I don't want to be  shown in the "to be budgeted " tab should be assigned to "emergency fund" or something like that?

      My paychecks (and my wife's) are issued bi-weekly. When I entered the first one, I found an option to set up recurrent transactions. Would you not recommend using this feature (ie waiting until the paychecks are actually issued/deposited)?

      Reply Like
      • satcook
      • satcook
      • 5 mths ago
      • Reported - view

      Karl I do use scheduled transactions for our paychevksso they auto populate. I budget them as soon as I receive them even if they haven’t cleared the bank yet. We aren’t living close to the edge though....

      Reply Like
  • Hi Karl !

    YNAB is a bit different from budgeting programs you may have used in the past. Your full account balance is included in your To Be Budgeted because we want you to give every dollar a job - even the ones that weren't earned in your last paycheck. The only way to edit that amount would be to alter your account balance, but that needs to stay aligned with your bank account. After you budget to zero, going forward, the paychecks you receive will appear in your To Be Budgeted individually - so you'll only see that new amount to allocate to your different categories.

    You’ll want to start YNAB with the money you have on hand today – and prioritize those dollars. Here's a short video that should help you get started. :)

    Reply Like
      • Karl
      • KARL_NAB
      • 5 mths ago
      • 1
      • Reported - view

      Faness Thank you! The video was very helpful! Think I'm getting the picture... :-)

      Reply Like 1
  • I also have some accounts that i want to let build without being budgeted...  (at this stage of my budgeting, out of sight is a good thing for my savings accounts)

    So I’ve set my savings & HSA accounts  up as “Tracking Accounts” because they don’t contribute to the “To be budgeted” dollar amounts.  These are accounts that i don’t draw money from on a regular basis.  My checking account (and it’s prior balance) continue to show their balances in the “To be budgeted” amounts...  

    Reply Like 1
  • The combined balance of all of the accounts — what is that money for? Is it savings for something specific? Is it an emergency fund? Is it your mortgage or rent? Whatever the answer is, create those categories and budget it. Then budget your paycheques as they come in. Welcome to YNAB!

    Reply Like
      • Karl
      • KARL_NAB
      • 5 mths ago
      • 1
      • Reported - view

      kittenpants I guess for now,  the best label would be "Emergency Fund".  This system is forcing me to figure that out! Which is a good thing! :-)

      Reply Like 1
    • Karl If I may make a suggestion, take a look through the last year's bank records and write down all the annual expenses you have. For me, these include property taxes, annual memberships, our Christmas budget, credit card fees, life insurance, and YNAB itself! Make categories for each and create goals for each of them with the "Target category balance by date" setting. I like to put them in order of when they're due and note how much they cost, e.g. "JAN: Safety Deposit Box ($150)".

      Before YNAB, these were annual "surprises" that I poached from my "I guess it's an emergency fund" savings account. After YNAB, they became things that I set aside the same amount of money for each month. I'd advise you to set aside 100% of the cost of things that come out in January, 90% of those in February, 80% of those in March, etc. Then throughout the year, listen to how much the YNAB goal tells you to set aside each month. You'll find it quite a pleasant shock to the system to realize that you forgot about property taxes AND they got paid in full because the money was ready! No more sad credit cards at Christmastime. It's quite lovely.

      Reply Like 2
  • This is VERY helpful. And timely. Thank you!! I was wondering how to deal with things like property taxes that I pay only twice a year.  Can you tell me where to find the "Target category balance by date" setting?  I looked but could not find that. It will definitely be helpful!

    To be sure I follow your example... Let's say my property taxes are $1200 per year, with payments due in December and April.  $600 will be due in April. So... would I enter $600 for April, and then YNAB will tell me (or automatically budget) $150 per month for Jan, Feb, March and April?

    Reply Like 2
  • Karl

    You will find the setting on the right side of the screen under goals

    and yes that is correct. YNAB will tel you how much to put in the category each month. 

    Reply Like
  • Thank you!

    Reply Like 1
  • Hi Karl,

    If you're new to YNAB and envelope budgeting, I'd recommend taking some/all of the online classes as they explain the concepts being discussed above. An investment of time now, will make things much easier.

    https://www.youneedabudget.com/classes/

    They're also available on youtube if the time of the classes isn't suitable for you.

    Reply Like 1
      • Karl
      • KARL_NAB
      • 5 mths ago
      • 1
      • Reported - view

      monkeyhanger Great information! Thank you!

      Reply Like 1
  • So I think my question is similar to  Karl 's. I've been using ?YNAB for years and am only now really digging into the online "new" YNAB. Things work differently. For instance, my totals for each of my categories didn't import properly. I can fix those (I think), but the biggest issue for me right now is the budgeting issue. (I'd like to watch the video, but it's timed to go when I cannot be there to watch it, is there a non-youtube version out there?)

    In the old classic YNAB, when I received a paycheck it went into an income category like "Income for April." In the new online YNAB It needs to be categorized immediately. In other words, there are no income categories and they must be "budgeted" via categories as you bring it in? Am I correct?

    Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • Reported - view

      rog If you migrated, the biggest issue is the lack of the Red Arrow and the difference overspend handling of credit cards. That will cause categories to have too much money but less in TBB and/or not enough in the CC payment category.

      The other difference is there are no income categories. YNAB makes it available to all months current and forward and you can budget the money to whichever month you want.

      Some users have come up with various workarounds to try to mimic the old Income for Next Month behavior.

      Reply Like
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      nolesrule thanks. That's helpful to know as I go into things a little deeper. I guess I found it confusing, I need to categorize my income but that seems to overlap with making a budget doesn't it? I mean, on the one hand, I send money to each category from my paycheck, but then if I also budget, doesn't that double up the budgeting?

      Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • Reported - view

      rog I'm not sure I understand. New money coming in gets categorized to Income: To Be Budgeted, and you get the big number at the top of your budget screen. You then budget the money into your categories.

      This is the same way it worked in YNAB4. The only difference is there's no Income this month and income next month category.

      Reply Like
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      nolesrule maybe I'm wrong, but even after I enter the regular budget for what I need, it still says that the income I received needs to be categorized. If I take the Paycheck and categorize it according to my budgeted amounts, will it fill in the budgeted items for the budget page?

      Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • Reported - view

      rog You don't categorize the paycheck to anything other than Income: To Be Budgeted. Then on the budget screen you enter the budgeted amounts to "consume" the To Be Budgeted.

      Are you sure you used YNAB4?

      Reply Like
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      nolesrule funny. Something seems different. I'm currently using YNAB and have for years. Maybe it's because when I imported it YNAB says I have $55000+ to be categorized and it's way out of whack that I'm finding distractions. 

      Thanks

      Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • Reported - view

      rog Like I said, the migration isn't clean if you have credit cards and/or used the Red Arrow in YNAB4. You will need to fix your category balances in the current month only by adjusting the Budgeted column, and fixing your credit cards is going to be dependent on if you are carrying a balance or not, because the entire credit card system has changed.

      Also, note that YNAB no longer will allow you to include transactions with a future date in the register, so if you have (had) any of those, you will need to account for it when adjusting your categories.

      Reply Like
      • Superbone
      • Software Engineer
      • Superbone
      • 1 mth ago
      • Reported - view

      rog The migration process is far from perfect. I would (and have) put YNAB 4 and nYNAB side by side on your screen and make your nYNAB  budget match your YNAB 4 budget.

      Reply Like
      • rog
      • rog
      • 1 mth ago
      • 2
      • Reported - view

      nolesrule nolesrule  thank you both. It’s now officially set up with both of your help. I think I may yet like it. 

      Reply Like 2
      • rog
      • rog
      • 1 mth ago
      • 1
      • Reported - view

      Superbone thanks. This was helpful

      Reply Like 1
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • 1
      • Reported - view

      rog You will also want to check for hidden categories with balances in them.

      Reply Like 1
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      Superbone okay, so I have another issue that has come up with this migration process now.... It's may, so I went back to April and did the adjustments as suggested above in the budget. The migration process was less than stellar as was mentioned. One category was supposed to have $100 in it and it now has $3200 in it. This was in most cases. So, I just adjusted the budget up or down as needed to get to the proper amount in the "Available" column. In order to get it to zero in the red arrow, I went into a hidden category and adjusted that with the remainder of what was left over.

      Then I went to May and created a usual budget and everything was going along perfectly. Until you look at the red arrow again.... See the pictures. I can either have proper amount budgeted according to reality, but the red arrow is way out of whack, or I can have the red arrow in alignment with truth but my amount budgeted is like $18k over budgeted.....

      I could just go along and ignore it, but my experience in YNAB4 is that this isn't going away until there is a real fix. Do I simply need to go back and delete everything before May so that I don't have the mis-import issues going on? Can I do that?

      Reply Like
    • Hi rog !

      I'm seeing a high amount of overspending reported for April. Is that because you moved the funds out of the categories where they were initially? If you move the funds to cover the overspending in April it should help with the negative To Be Budgeted amount you're seeing in May.

      If you're not concerned with keeping your history, you can create a Fresh Start. This feature allows you to keep your categories, goals, and scheduled transactions, but clears out all budgeting and transaction history. It also archives your original budget so you can reference it at any point.

      If you have questions about any of that, please don't hesitate to ask!

      Reply Like
      • Superbone
      • Software Engineer
      • Superbone
      • 1 mth ago
      • 1
      • Reported - view

      rog I've been away from my computer for a few days. Did you solve your issue? Yes, you definitely need to correct it and get your To be Budgeted number back to $0. FYI, it's not a "red arrow" but just your To be Budgeted amount. It's red when negative and green when 0 or positive. None of your hidden categories should have a balance normally. Did you clear those out?

      Reply Like 1
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      Faness I understand how to do part of that. What goofed it up is the poorly executed, less than useful import from YNAB4, of which I had basically no control over. So, I ended up with a category that should have had about $200 in it with over $3,000 in it. This happened in about 15 different categories. This resulted in my having #43,000 more than I should have had, thus the extra money that needed to be taken care of. Here are the steps I took:

      1. put a manual adjustment to each budgeted category that corrected "Available" to the proper amount - as was recommended above. Sometimes I budgeted a negative number, sometimes I budgeted hardly anything. Only about 4 categories had the correct amount in them.

      2. This left me with quite a pit of overspending (or unbudgeted, depending on whether I budgeted a negative or positive number), so I put the extra money in the hidden category so that it would zero out (see middle picture above), but that left me with other issues.

      3. It is my understanding that if I do a "Fresh Start" that I will still have a lot of money in my accounts that I want to have in categories, but if I apply them to those categories, I will still end up with overspent or over budgeted money at the top in the green/red section? Is this correct? I don't mind doing this, if I am incorrect.

      I guess what I'm saying is, I would like to fix this, but I didn't create this problem and I'm not sure how to fix it. It seems to a be a circular issue that I may just have to live with..... Maybe one of my assumptions is incorrect. If so, please help me see it.

      Reply Like
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      Superbone see my response to Faness because I think I'm answering the same question basically. Thanks for any input on this.

      Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • 1
      • Reported - view

      rog Your problem is caused by your over-reliance on the red arrow in YNAB4 in order to maintain your nominal category amounts in non-overspent categories.

      You need to just bite the bullet, correct your categories in May:

      1) Eliminate negative categories. Stop the overspending.

      2) Unbudget all money budgeted in future months

      3) If you have credit cards, adjust the payment categories so they reflect the amount of the current balance on the card you intend to pay off (not the amount of the next payment)

      4) Remove any money from hidden categories

      5) Based on what's showing in your TBB, adjust your budget to get TBB to zero. If it's positive, you have more money to budget. Clean up May, add to June, whatever. If it's negative, you have to remove money from categories to get it back to zero.

      Or do a fresh start.

      Reply Like 1
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • 1
      • Reported - view

      The reason i say to do it in May is because once you add new transactions after the migration, you no longer have an accurate comparison point. So you just need to do the cleanup blind and make your budget reflect "now" instead of the point you performed the migration. It's too late, unless you want to migrate all over again and re-enter all transactions since the migration. If you do that, there's a few steps you can take to make the migration easier.

      Reply Like 1
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      nolesrule I'm not even sure I know what this means: "Your problem is caused by your over-reliance on the red arrow in YNAB4 in order to maintain your nominal category amounts in non-overspent categories."

      I do not have any negative categories. I do do not have any money budgeted in the future. I do not have credit cards. I do have money budgeted in categories that is unspent from month-to-month, that we are accumulating for the future. (example: car registration amount is budgeted at $20/month, and has accumulated a couple hundred dollars in it for the yearly registration fees). 

      If I remove hidden categories amount I get the first graphic of -$19,000 to be budgeted....

      This is exactly what I did in April: "5) Based on what's showing in your TBB, adjust your budget to get TBB to zero." I think that's what I did. That's what the second graphic shows.

      Reply Like
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      nolesrule I did the clean up in April. After the import, as directed above to do. (way earlier in this conversation).....

      Reply Like
      • rog
      • rog
      • 1 mth ago
      • Reported - view

      nolesrule okay, maybe that is my problem. I did the import in late April. Added transactions, in May, went back to April and cleaned it up, so that I could see how the budget worked in May while my trial was working. Maybe that's the issue?

      Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • Reported - view

      rog 

      rog said:
      I do not have any negative categories. I do do not have any money budgeted in the future. I do not have credit cards.

       If you had no negative categories at the time of the migration, past red arrow usage in categories would still cause a problem. Same if you had credit cards in the past. if neither of those apply in your entire YNAB4 history, then the only difference at the time of migration would have been if you had transactions in the register with a date after  you migrated. Those would have moved to the scheduler in the new YNAB, thus your category balances would need to be different until the transactions made it back to the register.

      Reply Like
      • rog
      • rog
      • 4 wk ago
      • Reported - view

      nolesrule Thank you for staying with me on this. Please see my reply to Superbone  below. I'm trying to summarize all responses to everyone's advice. I really do appreciate it. I'm not trying to argue with anyone, but I am frustrated. all in all, I line nYNAB and am switching, from YNAB4, because it's dying. But.... kinks....

      Reply Like
  • Faness Superbone  my next question I have is if I leave it alone, will the $14k "overspent in April" even show up in June? If it goes away, I'm fine with just leaving it in the hidden categories.

    Reply Like
  • rog said:
    2. This left me with quite a pit of overspending (or unbudgeted, depending on whether I budgeted a negative or positive number), so I put the extra money in the hidden category so that it would zero out (see middle picture above), but that left me with other issues.

    I guess what I'm saying is, I would like to fix this, but I didn't create this problem and I'm not sure how to fix it. It seems to a be a circular issue that I may just have to live with..... Maybe one of my assumptions is incorrect. If so, please help me see it.

    A. You shouldn't have any extra money in hidden categories unless you explicitly did that on purpose to hide money from yourself and it was that way in YNAB 4.

    B. You don't have to live with it. It's all fixable. I've done it a handful of times. Just make your last month of YNAB 4 data match that month in nYNAB. Don't worry about previous months.

    Reply Like 2
      • rog
      • rog
      • 4 wk ago
      • Reported - view

      Superbone I'd like to fix it. But I'm not understanding how. I"m not computer illiterate, so, I'm not an idiot.... LOL (sometimes). Some of the advice I was given was to just manually go in and fix the category amounts by adjusting the budget so that the category "available" amounts are correct after the budgeted amounts are adjusted. So, some of the budgeted amounts were adjusted -300-$3000 (negative) in order to get the after import "available"  to categorize correctly. Some were raised by $300-1500 (positive) That left me with really screwed up amount of over budgeting by like $14,000 or more..... That's what I'm trying to get rid of.

      Some of the advice I've been given is basic financial advice about how to use my credit cards, debt, etc. I have no need of those things.  This is a "paper" problem, not a financial problem. This has strictly been because of the import and the problems with that. I even read all about the import BEFORE I did it.

      And yes, now that I'm working on the June budget it's only getting worse.

      If I did a "Fresh Start" would that fix it? Or when I now applied the my savings and checking amounts to the categories of the budget would it screw it up again. In other words, if I do a fresh start, and begin with all categories at zero, then put in $7,000 in my car replacement category and make only $5,000 for the month, would it show that I am over budgeted by $2,000?

      Can I choose a date to do a Fresh Start or is automatically the day I do it?

      Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 4 wk ago
      • Reported - view

      rog If your category balances after the migration were too high, it means you used the Red Arrow in those categories in YNAB4.

      Also, you said you do not have credit cards. Did you ever have credit cards in YNAB4? And if so, are they now closed accounts?

      Reply Like
      • jenmas
      • jenmas
      • 4 wk ago
      • 1
      • Reported - view

      rog A fresh start will clear the decks. If your accounts have $7000 total in them and your TBB is $7000 then go ahead and allocate $7K to your car replacement category. It doesn't matter what your paychecks for the month add up to.

      Think of it this way, you are saving up for your car replacement and some day in the future the category is at the amount you need it to be and you buy your car for cash at $15K. When you enter that transaction will YNAB show you are overspent because you only had $5K of income that month? Nope because you had $15K in the category. Sure your Income vs Expense report for that month will show a net negative, but that's completely normal.

      Reply Like 1
      • rog
      • rog
      • 4 wk ago
      • Reported - view

      nolesrule never had a credit card in YNAB4. I'm not even sure I know what "using the red arrow" means? Do you mean carrying over the positive or negative balances?

      Reply Like
      • rog
      • rog
      • 4 wk ago
      • Reported - view

      jenmas So, in order to fix this, I hear you say a "Fresh Start" will do that. Two question then: 

      1) Do I need to do that on June 1st? May 31st? Or does that matter?

      2) Does that mean my June budget will show I budgeted $7,000 for car replacement? Or can assign money without making it part of the budget?

      Thanks.

      Reply Like
      • mamster
      • mamster
      • 4 wk ago
      • Reported - view

      rog I would do your Fresh Start immediately. When you do, you'll need to manually enter the starting balance for each account, and all of your money will show up in To Be Budgeted. You can then budget $7000 to the Car Replacement category, and the proper amounts to all your other categories.

      Reply Like
      • jenmas
      • jenmas
      • 4 wk ago
      • Reported - view

      rog carrying over negative expenses is using the red arrow (look at your YNAB 4 budget, there is an icon with a red arrow in the available column whenever there is a negative amount that was carried over in the category (the default behavior in YNAB was to have the negative category balance deduct from the next month's ATB, you had to "turn the red arrow" to get the overage to stay in the category in the next month).

      Reply Like
      • rog
      • rog
      • 4 wk ago
      • Reported - view

      mamster So why am I dreading this step? Is there no way to keep my history?

      Reply Like
      • rog
      • rog
      • 4 wk ago
      • Reported - view

      jenmas Now that's helpful. I'd like to keep this without doing a fresh start, but it appears there is no way....

      Reply Like
      • mamster
      • mamster
      • 4 wk ago
      • 1
      • Reported - view

      rog A Fresh Start is risk-free, because it will make a copy of your current budget that you can go back to any time, including to look at and report on your history.

      Reply Like 1
      • Superbone
      • Software Engineer
      • Superbone
      • 4 wk ago
      • Reported - view

      rog There's always a way. You've just got to find it! 🙂

      Reply Like
      • rog
      • rog
      • 4 wk ago
      • 3
      • Reported - view

      Superbone Well. I found it. It was an understanding of the red arrow in YNAB4 like you said. It was as simple as adding up what I had in the bank vs. what my categories said I had.... Duh! All this time I thought I was going to retire early! LOL.... No...it wasn't that bad. Thanks for the help and to everyone else.

      Reply Like 3
Like Follow
  • 4 wk agoLast active
  • 57Replies
  • 820Views
  • 12 Following