Budgeting for Multiple Vacations
YNAB newbie here! So far, I feel like this is the answer to my budgeting dreams! I love how granular I can be in my categories. But - vacation has stumped me. My family is taking a lot of small trips this summer (camping, a weekend at the beach, a wedding out of town), and one big trip next year. I'd ideally like to be able to budget for each trip individually so I know that, say, $100 of the next paycheck needs to go specifically towards my camping trip or the beach weekend, etc. Then when the vacation is over - rather than clogging my Vacations category group, I'd like to archive the category.
I set it all up, went on vacation, and then ran in to the issues. When I hide the category, it removes it from Reports. When I delete the category, YNAB tells me that I needed to re-categorize all of the transactions.
How do others (who like to granularly budget like me) handle this? I was thinking of creating a catch-all Vacations category and then re-categorizing each individual vacation into the catch-all when we're finished. That way it will show up on Reports as Vacations and I will still be able to budget for each trip individually.
Writing this out... I feel like I may have solved my own problem. LOL 😂 But I'm still curious to hear how others go about this!
Save for each vacation in its own line and then move the money to one generic "Vacations" category before each trip begins. a la the Wish Farm. You will then be able to delete the individual category (or rename it) because no transactions will have happened, only budgeting.
Hi Kristi Turner ! Welcome to You Need A Budget. There are some really great tips here! Test them out, and you'll find what works best for your budget. 😄
Sherri, one of our amazing YNAB teachers, recently wrote a blog post on her Next Level Budgeting: Category Groups and Vacations for another approach.