Trying New YNAB - as in trying my patience!

Sorry for the long post.  

We have been using YNAB since 2012.  It has always been easy to use and has helped us keep track of our finances.  We have budgeted our finances carefully for years prior to using YNAB.  We have used credit cards and haven't paid a penny in interest for decades. We have taught Dave Ramsey classes (don't tell Dave about the credit cards!).  I have an accounting and IT back ground.  

However, I am not liking the new system that much.  While the UI is good, there is still too much on the budget screen.  I am missing the multiple-month view, although it's no show stopper. 

First thing: old YNAB

There are 4 lines at the top of each budget month column:

      Not budgeted in (last month)

      Overspent in (last month)

      Income for (month) 

      Budgeted in (month)

These have changed to:

      Funds for (month)

      Overspent in (last month)

      Budgeted in (month)

      Budgeted in Future

 

I have always made sure that the "Income for" and "Budgeted in" were equal, matching our paychecks for the month.

I have always made suer that the "Not budgeted in" and "Overspent in" were zero by the end of the month.

These are seriously messed up now in the new YNAB after the migration.  I have even tried moving all of the credit card accounts to a new cash account and remigrating, as recommended in another thread.

The "Funds for (month) has a HUGE minus amount in it that goes back to our first months. However, I can't reconcile what this number represents, even when looking at the very first month of our YNAB life.

Second thing: Credit card process - I'll wait on this..........

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  • One of the big differences between YNAB4 and nYNAB is the lack of the Red Arrow functionality, which kept overspends in the category where the overspending occurred. If you ever used the Red Arrow in YNAB4, then the migration will not be perfect because it's not recognized. As a result, you will have categories with more money in the current month in nYNAB than in YNAB4.

    The easiest fix is just to adjust the category balances in the current month to match what you expect in the current month from YNAB4 and ignore the previous months.

    Additionally, if you used the Red Arrow in any categories that are now hidden, you will need to go back and fix them.

    Finally, if you used Income for <Next Month> in YNAB4, your headers aren't going to match because there is no "Next Month" income assignment in nYNAB.

    Reply Like 2
  • Thank you for your response.  I wasn't sure how many YNAB geeks would be online today!

    i do understand the differences between the two versions regarding red-arrows.  While I would prefer that option, it is not a show stopper.  However, these amounts do not reconcile the difference that is showing up, even when I take into consideration the balance on the VISA account.  

    Also, it is not clear from your response why or how this would impact the Funds in (month) and Budgeted in (month) amounts.  It seems like it is not recognizing what I recorded as income (Funds).

    Lastly, I may indeed simply save a copy of the old budget and transactions on-line and start over.  At least this would save all my 6 years of transaction history safely.

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  • Gary Young said:
    Second thing: Credit card process - I'll wait on this.........

     Since you have always been a PIF credit card user I would not even worry about the YNAB credit card handling, just go ahead and set all credit cards up as checking accounts so they behave like YNAB4.  The new YNAB credit card handling is very quirky at best.  I tried it for almost a year and finally went back to treating them like checking accounts.

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  • Thank you.  I was considering this as a solution (work around).  

    I've decided to try and start from scratch and keep the old budget package on hand for any research in the future!

    Although, doing this during the Rose Bowl is a tad distracting!

    Reply Like 1
    • Gary Young As an Ohioan, and thus a Buckeye, I completely understand this statement! :)

      I know you said you're going to try starting from scratch, but I wanted to leave a better explanation of those numbers in the header for future reference.

      To be Budgeted is the sum of the four values to its right:

      +Funds for [This Month] is the total of:

      • the amount leftover in To be Budgeted from last month
      • the amount Budgeted in Future from last month
      • all Inflow:To Be Budgeted transactions for the current month (including from Reconciliation Balance Adjustments)
      • any Starting Balance transactions with a date in the current month on cash accounts (not credit card accounts)
      • any positive credit card balances in the current month
      • any cash advances from a credit account to a cash account in the current month

      -Overspending in [Last Month] is the total of all cash overspending (checking/savings/cash accounts) in the previous month. The individual amounts are shown in red in the last month's Available column for any categories with cash overspending.

      -Budgeted in [This Month] is the total of the Budgeted column in this month. 

      -Budgeted in Future is the amount of this month's funds you have budgeted in future months.

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      • Gary Young
      • Purple_Boat.2
      • 7 mths ago
      • Reported - view

      Faness Ok, well, I'm West Coast, Portland State, so technically no skin in ANY bowl games (ever!).  It was closer than it should have been with The Dogs finally showing up in the 4th or was it the Buckeyes coasting.  

      And now back to finances!

      Thank you for the details on how these amounts are calculated.  However, it will take far to much work to unravel and reconcile things.  YNAB has been, and I am sure will continue to be, a great budget tracking tool.  I am working at getting things set up......if it just wasn't for all this football!

      Reply Like
    • Gary Young I feel like a part of the Buckeyes stayed in the locker room after half-time, but they still managed to pull through!

      A Fresh Start for the new year and new YNAB is a great idea - in between kickoffs, of course!

      Reply Like
      • Gary Young
      • Purple_Boat.2
      • 7 mths ago
      • 1
      • Reported - view

      Faness I just hope I can get this done before Alabama and Clemson get to it!

      Reply Like 1
  • Just going to drop in a line I would have liked someone to tell me when changing over from YNAB4 to the nYNAB.  

    nYNAB attempts to accomplish all the goals set up in YNAB4, that YNAB4 didn't quite achieve.  nYNAB is similar to YNAB4 and it is a completely different program.  It comes with a learning curve.  The interactive classes help with this.  It will take time to get used to the new program, and it's so worth it.

    Glad you decided to let go of your history, that will make life easier.  Good luck in your journey.  You can do this.

    Reply Like 1
      • Gary Young
      • Purple_Boat.2
      • 7 mths ago
      • 1
      • Reported - view

      MsTJ Thanks for the encouragement!  I will muscle through the learning curves.  Maybe even watch a video or two.  

      I have kept my use of YNAB VERY simple.  Regardless, I have tracked investment accounts, home mortgage, house value, just to see an estimate of net worth.  House will be paid off in 2020, with retirement highly likely shortly thereafter.  Number don't bother me.  Excessive complication is annoying.  

      All three of my grown kids are using YNAB4. It all started with the oldest one!  They are watching me carefully as I navigate this path!

      Reply Like 1
  • Gary Young said:
    We have taught Dave Ramsey classes (don't tell Dave about the credit cards!).

     I had this exact feeling when we coordinated our first FPU class last quarter when it came to the CC lesson.  

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