Not sure if this is really a problem, but I have totaled the balances in my checking and savings accounts, and compared that total to my total budgeted amounts, and I am off by roughly $1,1100. Should the checking and savings account totals always equal the budgeted amounts? It seems like they should, but I ask just in case. I am concerned that I am overbudgeted somehow, but YNAB isn't showing me when and how that occurred.
There are a ton of posts on this issue. You can search by total available but I have copied and pasted the way to check this below from one of the YNAB support staff.
Here’s a way you can verify every dollar in your bank account(s) is reflected in your budget – and not a dollar more.
1. Advance to next month's budget. (The math is easier there, because all overspending is covered.)
2. In the right sidebar, when no categories are selected, you’ll see your Total Available amount, which is the sum of the Available column.
3. Add that to the amount you have left To be Budgeted and any amount Budgeted in Future, if applicable.
Let’s stop here for a minute, just in case your To be Budgeted was negative. If it is, you would need to subtract it from Total Available, because that means you’ve given jobs to dollars you don’t yet have. Preferably though, you would go back to this month’s budget and budget less in a few categories until To be Budgeted is back in the green at $0.
4. Now, add up the cash in your budget. That includes checking, savings, and cash accounts, plus any positive balances on credit cards if applicable.
5. Your totals in step 3 and 4 should match, to the penny.
The budgets and the accounts have next to nothing to do with each other except that the accounts fund the budget. Most often, when people get concerned about this issue it is because they are expecting some category or some numbers of categories, to equal a particular account balance. The budget doesn’t work that way. The sum of the positive value accounts equals the sum of all the money in the budget, and there is absolutely no way around this. There’s ways to check it to make yourself feel good, but the budget never screws this relationship up.
Check that your cleared balances in the accounts match the bank’s cleared balances. If so, you’re good to go. Move money around the budget until it matches what you need to do.
Steel Blue Ink said:
Should the checking and savings account totals always equal the budgeted amounts?
Budgeted amounts (1at column)? Only in the very first month, and possibly not even then if you budget anything in next month's area. As soon as you spend anything or switch to a different month's budget, it will not.
However, the total money in the budget ALWAYS match the total cash on hand (in budget accounts). That will be split among categories (possibly in a future month's area) and To Be Budgeted.