Paid a cost early, is overspent for this month, rollover to next month?

I have a payment category for our Common Account.

Since my girlfriend got paid late, I already paid the monthly amount of let's say 300$ in July (this last day), but I'm normally due in August. 

 

Now this comes up as overspent in July, is it possible to have the app know that this is a payment for August? That is was just paid early?

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  • I'm assuming the money for it is in your August budget? Since you really wound up paying it in July, you should pull the funds back into July as well. That way everything reflects reality. I would just flip to August, move the funds back to TBB, flip to July and cover the overspending. Then everything will be lined up again as it should.

    Reply Like 1
  • Thanks for your answer, what funds can I move back to July? Nothing has happened yet in August for that category? Budget and Activity are on zero at the moment.

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      • Tobias
      • Toviathan
      • 4 mths ago
      • Reported - view

      Pilfton What nolesrule said. I just assumed you had the funds there if you were expecting to pay it in August and you paid it early.

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      • Pilfton
      • Orchid_Drill.1
      • 4 mths ago
      • Reported - view

      Tobias Well it's a bit complex, I'm in -300$ now for that category, I have no categories to cover the overspending with, but tomorrow I'm receiving the paycheck. Should I just move on to august? 

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      • dakinemaui
      • dakinemaui
      • 4 mths ago
      • Reported - view

      Pilfton The reality is you already stole from some other category. Own it.

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  • Rule 3. Roll with the punches.... aka the money's gotta come from somewhere.

    Move money from other categories to cover the overspending.

    Reply Like 1
      • Pilfton
      • Orchid_Drill.1
      • 4 mths ago
      • Reported - view

      nolesrule Well what if there are no other categories with money to cover? Except for saving accounts.. Tomorrow is august so can't I just move on? with that category in the red? If I don't budget the 300$ for august it's all back in sync, no?

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 4 mths ago
      • 1
      • Reported - view

      Pilfton 

      Pilfton said:
      Well what if there are no other categories with money to cover? Except for saving accounts.. Tomorrow is august so can't I just move on? with that category in the red? If I don't budget the 300$ for august it's all back in sync, no?

       Savings accounts aren't categories.

      Sure, tomorrow is August. But isn't always going to be the case that you go overspent just prior to the endo f the month, or just prior to receiving new income. It's best to get into the habit of figuring out where the money needs to come from rather than letting YNAB clear it up for you tomorrow. Because next time it may not be tomorrow. It might be two weeks or a month, or more.

      Reply Like 1
      • Tif_Ann
      • Tif_Ann
      • 4 mths ago
      • 1
      • Reported - view

      Pilfton Yes, technically if you ignore the overspend on August it will "disappear". YNAB will take the $300 from your available to budget so you start August with a negative $300. Or if you get a paycheck of $1300 it'll give you a To Be Budgeted of $1000.

      But the reality is you took that money from somewhere, or else you are overdrawn. If you borrowed it from a savings category, then you can just cover the overspend from the savings category and then refill your savings category with your paycheck or when your GF pays you back.

      If you paid it on a credit card then it will become debt tomorrow and you should budget the $300 from your GF to the credit card payment category when she pays you back.

      YNAB is a cash based system and forces you to realize that money has to come from somewhere when it is spent.

      Reply Like 1
      • Pilfton
      • Orchid_Drill.1
      • 4 mths ago
      • Reported - view

      Tif_Ann Thanks, The thing is all my income was accounted for, but I could take out the money. So I'm afraid I must have made a mistake in YNAB?

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      • Tif_Ann
      • Tif_Ann
      • 4 mths ago
      • Reported - view

      Pilfton Do you have any categories that have funds in them? You mentioned savings categories - do they have money in them, and could any of them be held in your account you withdrew cash from? DO you have overdraft protection or does your bank allow you to overdraft?

      If you are worried about errors then reconcile your accounts and make sure they match the bank, and see if there's anything missing or outstanding.

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      • dakinemaui
      • dakinemaui
      • 4 mths ago
      • 3
      • Reported - view
      nolesrule said:
      It's best to get into the habit of figuring out where the money needs to come from rather than letting YNAB clear it up for you

       Not to mention the "clearing up" that YNAB does varies by payment method (cash or credit), and both are undesirable from various points of view. Fix it yourself. It's so important there's a Rule about it.

      Reply Like 3
  • If you paid early, you must have used money you were planning to use elsewhere. That money is gone, so continuing to include it in the plan (a.k.a., budget) is nonsense.

    Move funds from elsewhere to reflect reality. When your GF gives you money, consider restoring whatever category you robbed. However, also consider keeping that money reserved to pay this "early" bill next the time your GF isn't paid on time.

    Reply Like 1
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