Breaking down starting bank balance to monthly budgeted amounts

Hi there!

Brand new to YNAB and I think I am not quite understanding how things work.

I have my starting bank account balance (let's say it is $2000). Part of this ($500) needs to go to rent. I put this as a scheduled payment item in the transactions section and now the budget section has taken the $2000 PLUS the $500 that needs to go to rent and now says I have budgeted $2500. 

How do I get this $500 planned expense to show as an allocated amount to the rent line on the budgets? I like to always understand my EXACT balance and keep track of the pending items instead of retroactively accounting for things after the dollar is spent. 

Am I doing something wrong or is YNAB not built how I am thinking it will work?  

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  • You need to input your starting balance with the category ‘to be budgeted’

    then $2000 will show up in the to be budgeted

    you will then go to your rent line and enter $500 on the budgeted line. 
     

    does that help?

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  • Here’s how it should work. 

    1. First add your budget accounts to the budget. These funds should be available in To be Budgeted. $2000 in your example.
    2. Now budget $500 to Rent and budget the remaining $1500 to other categories until TBB is 0.
    3. Create your pending $500 rent payment like you did. You can make this repeating for every month if you’d like.

    Check this out to help you get started correctly:

    https://www.youneedabudget.com/ultimate-get-started-guide/

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  • 5 mths agoLast active
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