Savings Account and Savings Tab do not match

Hi! HELP! As soon as I think I get the hang of YNAB, I do something else wrong. 

One of my savings account has a balance of $219. That is what my CC says when I log in, it's also what matches up when I go to my Savings Account (through the left hand tabs). I do also have a Savings category under savings, and that has a balance of 1003.18.  I accidentally paid my CC bill from my savings account instead of my checking account and now I don't know how to make the Savings category match the $219.  I believe I would move $798 (what my CC bill was) to somewhere - but really I want to move money from my checking account back to savings since that is usually where I pay my CC bills from.  Help! If I transfer $798 from my checking to my savings, it will reflect too much money in my savings. I can't get my head wrapped aroudn this. Please help .

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  • OR does it not matter which account it' s in...because it's in my budget category as savings, it's now in my checking account instead of my savings account? 

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      • Ceeses
      • Ceeses
      • 1 mth ago
      • 1
      • Reported - view

      Irene O Spot on.

      Like 1
      • Irene O
      • Salmon_Cobra.13
      • 1 mth ago
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      Ceeses Thanks! I'm still learning how to think of this differently! It's a WHOLE process even though I'm used to a zero based budget system!

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      • Herman
      • herman
      • 1 mth ago
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      Irene O 100% this.  It does not matter at all and you'll save yourself a lot of headaches if you don't try to keep them in sync

      Like 1
  • As you've established, it doesn't matter in this case.

    However, if you do need to move money between your accounts, when both are on budget there is no category needed. So the account balances change, but the budgeted amounts don't.

    Your plan for the money doesn't change according to what account it is in.

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  • You've correctly realized location (account) doesn't impact purpose (category) because money is fungible/interchangeable. Keep enough cash in checking to handle the next few weeks of outflows and the rest in savings for the additional interest.

    The running balance in conjunction with scheduled transactions makes it easy to see when you will have excess for a while or might be short for a larger upcoming non-monthly expenses. Transfer at will.

    You might also be interested in YNAB's explanation:

    https://www.youneedabudget.com/the-relationship-between-your-budget-your-accounts-its-complicated/

    Like 1
    • dakinemaui We also have a new one that I think is really good:

      Why Doesn't My Category Balance Match My Account Balance?

      Like 3
      • dakinemaui
      • dakinemaui
      • 1 mth ago
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      Matthew That new article is really good. I'm glad to see that, and I believe it will help many new users! The only negative is the link about how much to keep in checking leads to an article that basically says to total up budget categories instead of totalling up upcoming outflows.

      That essentially promotes "on-the-fly" synchronization of the savings account balance to a subset of category balances -- the exact thing you've stated is unnecessary. The astute user will quickly realize they have (or can make) a "Savings" category group with all those "savings-like" categories. Now they're back to trying to synchronize the account balance with the category group... Along with this comes the confusion that arises when errors are invariably made -- as the new article mentions! I really hope that "checking account balance" article is slated for a rewrite.

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    • Matthew I like the food connection!

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    • dakinemaui Agreed. I'll make a note to see if we can update that article.

      Like 1
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