Moving money from on-budget to tracking account

I paid off mortgage using money from savings account.

Mortgage is a tracking account and Savings is an on-budget account.

Can someone lay out the steps for this transfer in ynab ?

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  • Enter a transfer in the Savings account, categorized to your Mortgage category. The Payee field has the transfer information.

    You should have already had enough money Available in that Mortgage category to support that payment.

    If you didn't, then some of the money you sent the mortgage company is still earmarked for other uses in the budget, and you'll get a red overspending warning. You would need to move funds out of some other categories (since it's now gone) and clear the red overspending.

    You can then close the mortgage tracking account and hide the Mortgage category. (Do not delete either.)

  • Yep, simple transfer with category for the funds leaving your budget.

  • When entering that transaction, the Payee will be a transfer from the account you're in (Savings) to the Mortgage account. Our Help Doc on transfers has a visual, in case you want to see what that Payee option should look like!  :)

    Also, congratulations on paying off that mortgage! 🎉

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