Where do the Funds for (month) come from?

I'm just getting started setting up my accounts....Where does the number for the Funds for the (month) in the top right hand corner come from?  I haven't entered anything in my budget categories yet, but have linked my accounts and have $33902.55 in all my accounts....so that's the number on the left hand side where it calculates all of my accounts.  But when it says Funds for the month in the top right hand corner, it says $54,632.32 which doesn't seem correct to me? Because then I'd be budgeting money I don't really have, right? Where does this number come from, and how do I correct it? Thank you.

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  • Do you have any overspent categories right now??

     

    if you have credit cards are they showing a negative balance??

    Reply Like
      • cd12799
      • cd12799
      • 4 mths ago
      • Reported - view

      satcook We pay off our credit cards every month and one has a negative starting balance of 7987.14, and the other one has a negative balance of 85.00. As far as overspent categories, I don't think so. What specifically do you mean by that? Sorry, I'm coming from the old ynab, and this is a whole new ballgame.  Thanks!

      Reply Like
      • dakinemaui
      • dakinemaui
      • 4 mths ago
      • 2
      • Reported - view

      cd12799 Make sure you budget to reserve funds to pay off that starting balance in the CC Payment category. (This is not unlike in YNAB4 where you had to budget the Pre-YNAB Debt down to $0 at startup if you wanted this to be a paid-in-full card.)

      Also keep an eye on those CC Payment categories in the future. They should match the entire account balance, but there are a number of things that will throw off the agreement. It's not like YNAB4 where paid-in-full status was maintained until you explicitly took on debt.

      Reply Like 2
  • Hi cd12799 !

    +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

    Can you take a look at those areas and let me know if things still aren't adding up?

    Reply Like
      • cd12799
      • cd12799
      • 3 mths ago
      • 2
      • Reported - view

      @Faness  and dakinemaui  Thank you for this! I was able to figure it out!

      Reply Like 2
      • Blue Disk
      • Blue_Disk.5
      • 1 mth ago
      • Reported - view

      Faness Maybe you can help me out.  this is the info from my account...

      • the amount leftover in To be Budgeted from last month = 0
      • the amount Budgeted in Future from last month = 0 
      • all Inflow:To Be Budgeted transactions for the current month (including from Reconciliation Balance Adjustments) ? Is there a way to get a list of all my inflow for the current month?
      • any Starting Balance transactions with a date in the current month on cash accounts (not credit card accounts) $34,980.91
      • any positive credit card balances in the current month = $19.99
      • any cash advances from a credit account to a cash account in the current month ? Not sure how to locate these items?

      Thanks

      Reply Like
    • Blue Disk Starting Balance transactions are a subset of the Inflow:TBB transactions. Don't double-count these. To find these, search for that category in All Accounts view, Select those with with a May date that are in a cash-based account, and look at the Selected Total. Support didn't mention the cash-based account criterion, but it's critical -- do not include any TBB transactions in a credit account.

      Cash advances are recorded as a transfer with the inflow in the cash account (and outflow in the credit based account). I suggest you simply search for Inflow > 0 in All Accounts, Select those with a May date that are transfers from a credit-based account, and look at the Selected Total.

      What is it that you're trying to confirm? The only thing that matters is that the total money in the budget equals the cash in accounts. A positive credit accounts is cash, so include those. A negative cash account should also be included (i.e., overdraft). On the budget side, all this money is distributed between categories in the current month (Total Available, visible on the right when no category is selected), categories in the future (Budgeted In Future), and the current TBB.

      Reply Like
    • Blue Disk The simplest way to compute Funds For <This Month> is total cash on hand minus last month's Total Available. Cash on hand is the sum of cash accounts (positive or negative) and any positive credit accounts.

      Reply Like
      • Blue Disk
      • Blue_Disk.5
      • 1 mth ago
      • Reported - view

      dakinemaui  Thanks for taking the time to answer my questions. Last question first.  What I'm trying to understand is how much money does YNAB think I have to spend this month, and I thought that "Funds for [month]" was the place to look. Is that understanding correct? 

      Reply Like
      • Blue Disk
      • Blue_Disk.5
      • 1 mth ago
      • Reported - view

      dakinemaui  said...

      "The simplest way to compute Funds For <This Month> is total cash on hand minus last month's Total Available. Cash on hand is the sum of cash accounts (positive or negative) and any positive credit accounts."

      OK, so this is how I understand your last comment...

      Funds for [Month] = Cash on hand + positive credit card accounts

      broken down a little more...

      Funds for [Month] = Checking account balance from last month + positive credit card accounts

      This is what I calculated...

      Funds for [Month] = $34890.91 + $19.99

      Funds for [Month] =  $34,911

      but that isn't what YNAB give me. YNAB says 

      Funds for [Month] =  $35020.89

       

      Thanks again

      Reply Like
    • Blue Disk 

      Blue Disk said:
      how much money does YNAB think I have to spend this month

      YNAB thinks you can spend every bit of cash in your accounts. You may distribute that between the current month and future months as you wish. That is precisely what the budget is -- it is your plan for your all your dollars (euros, whatever).

      Reply Like
    • Blue Disk said:
      OK, so this is how I understand your last comment...
      Funds for [Month] = Cash on hand + positive credit card accounts

      Positive CC accounts is part of cash on hand, and you didn't subtract off last month's Total Available. Step by step:

      Funds for May = Cash on hand in May - Total Available in April's Budget

      Funds for May = (Sum of cash-based accounts and positive credit accounts in May) - Total Available [April]

      I would guess that your cash on hand right now (in May) is $34910.90 (= $34890.91 + 19.99) from your previous statements indicating your only cash-based account is your checking account.

      You now need to look in the April budget area to find Total Available [April] and subtract that off. If you just started (and therefore don't have an April budget area), then TA [April] = $0 and Funds For May should equal the same $34910.90.

      Given that YNAB is reporting a Funds for May that is GREATER than that, I wonder if you are overlooking some account(s) in your calculation. Do you have a savings account? If you do, then that's part of "cash on hand" as well.

      Reply Like
    • Blue Disk - Thinking about things further, I suppose I am assuming that TBB in April was non-negative. If TBB [April] was red/negative, TA [April] is inflated relative to reality, and should be reduced by that same amount. Subtracting a smaller number therefore would lead to a larger Funds For May.

      Reply Like
      • dakinemaui
      • dakinemaui
      • 1 mth ago
      • 1
      • Reported - view
      Blue Disk said:
      how much money does YNAB think I have to spend this month, and I thought that "Funds for [month]

      Actually, Funds for [month] is the additional amount you have to spend on top of last month's category balances. (Again, I'm assuming last month's TBB is $0 or positive, otherwise last month's category balances are nonsense.)

      There's also the added complication when the current month's Budgeted In Future is nonzero -- that means that some of your cash is being used in next month's plan, so you obviously shouldn't count on spending that money this month, either.

      So generally speaking, no, Funds For [month] is NOT what you have to spend this month.

      What should you use for spending guidance this month? Look to the category balances (Available column) in this month's budget area for a detailed breakdown.

      Reply Like 1
      • Blue Disk
      • Blue_Disk.5
      • 1 mth ago
      • Reported - view

      dakinemaui  So, I've started over using YNAB this month. In part because I have difficulty getting the "Funds for [Month]" value to ever make sense. Therefore, April is 0 for everything. Therefore I am confused as to why Funds for May = $35020.89 when the starting balance, which is the first transaction given the fact that I've started from scratch this May, is $34980.91 and my only positive credit card balance is $19.99. 

      I wish i could just click the "Funds for [month]" text and just see what numbers make up this calculation.  

      Again thanks for your help either way, may just be time to throw in the towel and try something new.

      P.S. I have a savings account, but it isn't linked to YNAB

      Reply Like
    • dakinemaui said:
      The simplest way to compute Funds For <This Month> is total cash on hand minus last month's Total Available.

       I have to take this back -- this only works if you don't have any actual spending in this month. I'm very sorry for any confusion this advice may have generated.

      Reply Like
    • Hi Blue Disk ! 

      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 in cash accounts* for the current month—including Reconciliation Balance Adjustments
      • any Starting Balance transactions in cash accounts in the current month
      • any positive credit card balances in the current month
      • any cash advances from a credit account to a cash account in the current month

      *Cash accounts are checking, savings, and cash accounts listed as Budget accounts (not credit cards and any Tracking accounts).

      From that amount, YNAB subtracts the following three values:

      Overspending in [Last Month] is the total of all cash overspending in the previous month. If a category has any cash overspending, the Available amount will be red. Select the category to see the specific amount of cash overspending in the right sidebar (as it could be a combination of cash and credit overspending).

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

      Budgeted in Future is the portion of this month's funds budgeted in future months.

      Reply Like
      • dakinemaui
      • dakinemaui
      • 1 mth ago
      • 1
      • Reported - view

      Blue Disk The starting balances are only part of the story. Funds For May will include ALL May transactions categorized to TBB in cash-based accounts. It will also include any positive starting balances in a credit account. (Those are also categorized to TBB.) It may also include other TBB transactions in credit accounts, but it's difficult to make blanket statements without seeing the transaction history.

      I see you on the verge of pulling the plug on YNAB because of a minor lack of understanding, which would be a shame. Realistically, Funds for [Month] is fairly useless on its own. A much more important number on which to focus is To Be Budgeted. Your goal is to make TBB = $0 (Rule 1). Doing so means you have defined your intentions for every single one of your dollars.

      You can verify nothing "funny" is going on by comparing the cash on hand right now (from the Accounts area on the left) to the money in the budget right now. These should always be equal:

      • Total Cash On Hand = Total of All Cash-Based Accounts + Total of All Positive Credit-Based Accounts
      • Total Money In Budget = Total Available + Budgeted In Future + To Be Budgeted
      Reply Like 1
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      Blue Disk The savings account isn't linked to direct import or it isn't in YNAB at all? Because if you're talking about a direct import link, that doesn't matter. For your first month of YNAB, all account balances are available including all of your savings accounts set up in YNAB. That first month is different as you need to allocate your initial savings to savings type categories. The following months will only include new funds unless you were to add another checking or savings account.

      Reply Like
      • Blue Disk
      • Blue_Disk.5
      • 1 mth ago
      • Reported - view

      Superbone All I know is that in YNAB under budget there are 5 credit cards and my checking account. I don't see any reference to my savings accounts. Is there a way to check if money from my savings account is included in the first month?

      I can say this, that when I click "All Accounts" and filter for "inflow" I only see 1 number in the inflow column and its the amount for the starting balance that I stated earlier ($34,980)

      Reply Like
      • dakinemaui
      • dakinemaui
      • 1 mth ago
      • 2
      • Reported - view

      Blue Disk If your savings account is not listed in the account section in YNAB (on the left), then no, that money is not part of the budget. However, once you are comfortable with YNAB, you should add that account to YNAB and define various categories for that money as well (e.g., vacation, christmas, new phone, etc.).

      Reply Like 2
      • dakinemaui
      • dakinemaui
      • 1 mth ago
      • 2
      • Reported - view

      Blue Disk At this point, I suggest that you give Support permission to look at your budget and explain things to you in detail. Alternatively, YNAB needs to know in the unlikely event there is an actual bug in their calculations.

      We'd also love to hear the resolution, either way, so please report back!

      Reply Like 2
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      Blue Disk What dak said. Keep us posted.

      Reply Like
  • You need to exclude your negative CC accounts from the total on the left. The budget consists solely of your cash on hand.

    In short, Funds for (month) is the amount of cash received to date that has not been budgeted in a prior month.

    You don't "correct" FFM because it's not in error. Alternatively, IF it is in error, YNAB would have to fix things, not you.

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