Can't adjust opening balance on checking account

How do I adjust the opening balance of my checking account?

I have a payee for my credit card as "starting balance" but I can't use this when in my Checking account.  This then screws up my budget because I constantly have money that needs budgeted, but it's not actually available. When I use "today's balance", it just creates an inflow to be budgeted - but there's nothing to budget!

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  • I am confused. Is the starting balance for your credit card a negative number?

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      • James
      • Blue_Sound.9
      • 3 wk ago
      • Reported - view

      satcook Nope, I was just saying the credit card account has the option to have a "starting balance", but the checking account does not.

      I guess I'm understanding it now that I've play around a little bit.

      The checking account wants me to budget the initial balance instead of leaving it as like available cash. So starting with $1,000 in the checking account means it needs put in a budget somewhere. I was thinking that I would use that $1000 as an available balance (call it a baseline) and work from there. But that's not the case. I probably need to move it to a savings account.

      Thank you for replying. 

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    • James In YNAB, you budget all your money—even money you're not planning to use this month or money in a savings account, so transferring that $1000 to a savings account isn't going to make is disappear from your budget... and that's a good thing!

      We think of savings a little differently at YNAB—here's an article (with a quick video!) that talks about how it works.

      Savings accounts are purposefully included as a part of your budget, because we want you to give those dollars a job too! It's a different way of thinking about savings, but it's really powerful.

      What you’ll want to do is assign the dollars in your savings account to savings categories. What are you saving for? Emergencies? Vacation? New furniture? Make specific categories for those things in your budget and assign the dollars there.

      We aren’t encouraging you to spend your savings, rather, we want you to make a plan for those dollars! The nice thing about that is you'll be able to attach Goals to those categories, and that will focus your savings even more.

      Please let us know if you have any questions!

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  • Are you on the web app? Right click on the name of the account in the account list. In the today's balance there is an amount.  change this amount to the correct amount and save. A transaction will be created to adjust the amount and the difference will automatically go to To Be Budgeted.

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      • James
      • Blue_Sound.9
      • 3 wk ago
      • Reported - view

      MXMOM Got it. It's just weird seeing that as "to be budgeted" - to me, the starting balance can sit in the checking account without being budgeted. But I'm seeing now why YNAB doesn't let us do that.

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      • MXMOM
      • MXMOM
      • 3 wk ago
      • Reported - view

      James You got it. Every dollar gets a job.  Even if its job is sitting around in case of an emergency or I just like having $3000 in my bank account.  

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  • If the amount in your checking account is more than it was before you entered the "Starting Balance" transaction, then definitely the money in the budget will increase. (It always equals your cash on hand.)

    If the current month's TBB does not increase despite an inflow categorized as TBB in a cash-based account, then you very likely had a negative TBB in the future. In other words, those additional funds were "consumed" in support of your overbudget condition in a future month.

    Also verify the inflow transaction is not in italics (dated in the future).

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  • Status Answered
  • 3 wk agoLast active
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