Using YNAB to Only Budget Last Month's Income

This should be simple - but I'm having trouble with it. I just want to use YNAB to create a monthly budget based on my income from the previous month. I know this doesn't follow the rules, but for my personal needs, it would work best for me to be able to use YNAB to create a budget based off of last month's income - which fluctuates from month to month. You would think this would be easy to do, but I have yet to come up with a way that works easily and consistently. I would appreciate any feedback/other's perspectives/ideas on how to set this up because for some reason I can't figure it out on my own! 

 

P.S. I love YNAB - but I wish you could customize to fit your needs - even if they deviate from the YNAB method. 

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  • Assign income you receive to a "Income Next Month" category that you create and in the following month reallocate it out of that category into your budget.

    Like 2
    • nolesrule Thanks for the recommendation. I thought of this as well and just started trying it last month but I will admit that it is a bit of a pain to have to recategorize the money throughout the budget. It's not very efficient. 

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      • Lego
      • lego
      • 9 mths ago
      • 1
      • Reported - view

      rhincephalon I don't recategorize. I budget all income to TBB then budget that amount to the Save for Next Month category. Then, when you're ready to budget next month, I just zero out that category to release it all back to TBB. 

      Like 1
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 9 mths ago
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      • Reported - view

      rhincephalon Just go to All Accounts and filter on your holding category and then you can re-categorize them all at once. Voila!

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      • bevocat
      • Sometimes, It Just Sucks to Be You
      • bevocat
      • 9 mths ago
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      Superbone Unless they're part of split transactions.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 9 mths ago
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      bevocat OK, didn't know that. Mine never are.

      Like 1
  • As you get paid in May, click to June and budget it there. 

     

    As you get paid paid in June, click to July and budget it there. 

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 9 mths ago
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      • Reported - view

      satcook You left out the caveat.

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  • You can do that, but then you would be budgeted in the red. You can create monthly funding goals, so you know how much you need to fund each month in each catagory. But the main tennant of this program is that it is an allocation system. You only budget what money you have at the moment

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  • What's funny about your last statement is that this WAS the YNAB method previously.

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