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 .
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.
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.
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