Large negative amount (-22K) in to be assigned!

I had some investment accounts that I was not tracking.  I took some money from them to pay off some debts.  Now my TBA amount is a negative -$22,000 .  

How the heck do i fix this???  BTW, I also refinanced my mortgage and I need to close out that one that I had and setup a new one.

Thanks!

John

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  • Did you inflow the money from your investment accounts onto your budget??  Then you need to budget that money towards the accounts you are paying off 

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  • Like Satcook said, you need to inflow the 22000 into your budget. You can either set up the accounts with their pre-withdrawal balance and then withdraw the amounts for each category you paid off (which could get complicated) OR you could add the 22000 to your budget as cash and then assign it to the overspent categories. This pretty much matches what you actually did, so that works.

    For your refinance, when I did mine, I created the new mortgage account first, and then entered the pay off transaction, which zeroed out my old mortgage and showed what I owed in the new one automatically. If you are getting extra money to do work on the house or something, you can split the categories so that the extra goes to "to be assigned".

     

    Good luck!

     

    CJ

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    • Maroon Wildebeest Since I inflowed the money to my budget as "Investment Transfers'.  And then assigned it.  How did it wind up being negative?!

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 8 days ago
      • Reported - view

      Spring Green Lion Did you make it an Outflow instead of an Inflow? Either that or you assigned 22K more than you have.

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  • No, in my budget I have a category for Inflows.  Should I not be tracking Inflows in my budget?  Will things even get into To Be Assigned if I don't put it in an Inflow category?!?!  I don't know...  obviously I'm not doing something right but I can't figure it out. :(

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      • Vibrant
      • No more counting dollars, we'll be counting stars
      • vibrant
      • 7 days ago
      • 2
      • Reported - view

      Spring Green Lion Inflow: Ready To Assign IS your inflow category. You don't need to add a category within your budget for inflows. 

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  • Maybe that's it!  I'll give that a try!

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    • How did that go, Spring Green Lion ? Issue resolved?

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  • I discovered the 'zero out' for Available and Assigned underneath AutoAssigned.  I've done both of those and I think I'm better than i was.  I'm still trying to figure out how to get where I was.

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    • Spring Green Lion It sounds to me like you categorized the inflow to a spending category. This puts the money in your spending category. You then assigned more money to the same spending category - this cased your spending category to have extra and also caused you to assign more than you had available. 

      For now, you'll move money around until you have the right amount in that category.

      Next time though: categorize the transaction as Inflow: Ready to Assign and then assign the funds to the category in question in your budget.

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  • Yes, I think you nailed it.  I think in terms of a balance sheet.  Just tracking spending, by assigning available dollars seems to take all of the visibility out of the future.  That's hard to do - not have visibility to a forecast.  

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    • Spring Green Lion One should not be tracking spending, one should be planning spending. YNAB holds the stance that the future is uncertain, so one cannot plan to spend money one does not yet have. A lot of people use an excel sheet or something similar to forecast based on expected upcoming income, but since you don't have those dollars yet, you can't actually give them jobs around which to plan your spending.

      There are benefits to both forecasting and planning. YNAB is set up to do planning; that is, to figure out what you want to spend money on (save money for) based on what you currently have in hand. If you want to do forecasting, there are plenty of other apps or ways to do it outside of YNAB.

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  • So is there anyway to easily synch balances with available to assign?  

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      • Ceeses
      • Ceeses
      • 3 days ago
      • Reported - view

      Spring Green Lion I'm not sure what you mean. Balances of what? By "available to assign" I'm guessing you mean "Ready to assign", correct?

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    • Spring Green Lion The cash in your accounts is inextricably linked to the cash in your budget. If you'd like to see how that math works out, you can do a budget audit

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    • Marisa  Interesting!

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