Ynab for predicting my month expense, before getting the money.
I have a variable income, so Id like to know how much money I´ll need for all my expenses so I can put a goal for myself and sell more or give discounts to my products in order to reach my butget. Is there a way? I know, for example that you can do that in everydollar. Where you put how much money you think will have this month and then budget and adjust. But I do not see this function in wnab, what do I do?
YNAB doesn't want people to predict. YNAB is based on your current, based on what money you have available to you right now, not money you might or might not earn in the future. Basically, YNAB doesn't want to encourage you to make bad financial decisions based on incorrect or potentially overly-optimistic data ("Oh, I can spent $x and I'll just earn a little more this month").
YNAB absolutely can be used by those with variable income -- I'm self employed, my income is somewhat inconsistent, and I use it successfully. Over time, you get a pretty good feel for the amount of money you need to be earning regularly in order to meet your financial goals. The thing is, though, I'm making my financial goals based on the actual money I have in the bank, not money I hope (but may not?) earn.
YNAB has an 8 part blog series that might be helpful: https://www.youneedabudget.com/say-goodbye-to-crazytown-mastering-your-variable-income/ (part 1). Also, YNAB has a "You can budget with any pay cycle" class and others that may help you get started (https://www.youneedabudget.com/classes/).
Ultimately, YNAB isn't built to do exactly what you want. Either that means you need to embrace YNAB's approach, or a separate tool that you use along with YNAB to figure out your business' potential cashflow, or you need to use some other financial tool instead of YNAB that prioritizes guessing what your income may be.Reply
Mike Hike Like Ben says below, with YNAB you budget the money you actually have. I also have need to have budget numbers to work to. To get around this in YNAB, I just add dollar amounts next to the category names, and total that amount in the category group name. When I budget for the month (i.e. budget with money I already have, and made last month) the budgeted amount will add up to those numbers. Take a look at the picture below. It works for me. Hope that helps.Reply
You can set funding goals for categories and idk about the web app but i know pn mobile if i goto a new month and cluck quickbudget ynab will tell me how much i need to fully fund my goals "underfunded". The quick budget screen also has options for amount budgeted and amount spent last month and on average. That I think should meet your need.Reply
Ok, the only thing I really like to know if: How much is the total of all my goals so I can know in advance, before I get the money (I run a music school and we charge by automatic payments in credit cards) so I know for sure when and how much I´ll have. I really just want to know how all my expenses are before the deposit. Is there a way, I do not found it.Reply
I also have variable income, and I use a spread sheet for predictions. The left side has this month's predicted expenses, the right side has the previous month's income. I forecast into the future up to three months (e.g. I have a sheet for March with March's expenses on one side and February's predicted expenses on the other). I can play around with either side - I know this month will be especially light for income, so I'm looking at either decreasing my expenses in February or taking $200 out of my income replacement fund.
Predictions are fallible, as I've learned time and time again. Fortunately, I tend to grossly over predict my income, but there have been a few times I under predicted. YNAB keeps me on track during those times. The spreadsheet mostly exists to indulge my anxiety about the future. YNAB is still the tool I use on a daily basis to ensure that I'm sticking to the plan.Reply
I actually just emailed YNAB support with a similar question and suggested that functionality. It may not be something they want to do, given that it is so focused on budgeting the cash in hand, but I do think some sort of planning tool would be helpful before the money actually arrives. For me this helps me to know whether or not my category funding goals are realistic.
I use an Excel spreadsheet to do this, and it has each of my YNAB categories in it so that I can do some quick and easy scenario modeling of what my monthly expenses and goals are. I attached a blank template version here in case you'd like to check it out!Reply