How to enter money from an untracked Certificate of Deposit
My wife and I "broke open" a Certificate of Deposit that was not tracked in YNAB. We deposited the funds into our checking account and intend to use the money to pay some debt. The money doesn't seem like "income" to me, since it was deposited in the CD before we began using YNAB. Maybe it is "old income?" Just looking for some guidance.
Thank you for any assistance.
The category is "Inflow: To Be Budgeted" not "Income: To Be Budgeted". Yes, there's an "Income" section on one of the reports, but even that's accurate as "income" is simply money "coming in" to your budget. It is not synonymous with "paycheck".
Even if you view this as a "return" -- the original CD outflow is wrapped up in the starting balance -- returns should always be categorized back to the original outflow category... which is also Inflow: To Be Budgeted.