There's a hole in my budget....

So as discussed in a prior post, I'm setting up YNAB from beginning November, whilst also selling our house and buying a new house.  I've gotten the hang of inflows, outflows, syncing and reconciling.

This morning I reconciled the various accounts and everything seemed to check out.  In the graphic, the house deposit  accounts for $100k of the 'General Expenses' category, hence the large amount against that heading.

But when I went back to the Budget screen, I now find I've assigned ~ $22k more than I have, and I can't figure out how to trouble-shoot that. If I click the Fix This button, I have no idea where to un-assign that amount from. Any tips appreciated. 

 

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  • You still have $35,000+ in your Income categories. You don't need those categories. You should delete them, then YNAB will ask you how to re-categorise the transactions, say Ready To Assign.

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      • SgtBatten
      • "YNAB broke" since 2013
      • SgtBatten
      • 9 days ago
      • Reported - view

      Ceeses lol us again

      Like
      • Quotidian
      • Everyday Budgeting
      • Pink_Hammer.10
      • 9 days ago
      • Reported - view

      Ceeses But if I try to delete that category, I am asked to re-assign it, and can't select 'ready to assign' as a category. 

      Like
      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 9 days ago
      • Reported - view

      Quotidian I think you're having difficulty because you're trying to do it on the budget screen. That will work for outflow transactions but not inflow.  Go into the All Accounts View and filter for the BLANKED OUT Withdrawal category. Select all (by clicking the checkbox at the top left), then do Edit>Categorize>Inflow>Ready To Assign. 

      Once you've done that, those funds should appear in the Ready To Assign box at the top of the budget screen. Your BLANKED OUT Withdrawal category should now have $0 dollars in it so you can delete it.

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      • Ceeses
      • Ceeses
      • 9 days ago
      • Reported - view

      Quotidian I never had to delete a category, I didn't realise it didn't propose the Inflow: Ready To Assign category as an option.

      Nicole or anyone on YNAB support team: this seems like a good example to support adding the option to the Delete Category drop down menu. Quotidian isn't the first one starting using YNAB and putting his/her income in a budget category instead of Inflow: Ready To Assign. I know it's possible to re-categorise on the All Account screen but the Delete Category route is more user-friendly for beginners.

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      • SgtBatten
      • "YNAB broke" since 2013
      • SgtBatten
      • 9 days ago
      • Reported - view

      monkeyhanger 

      Quotidian should really filter for "Income" in the category as that is very specifically all the transactions that are wrong.

      So go to ALL accounts on the left menu. In the top right start typing income. from the drop down that appears select "in the category".

      Now select all and recategorise them as inflow ready to assign. 

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 9 days ago
      • Reported - view

      SgtBatten Agreed. I hadn't read the original post so was only commenting on the picture shown.

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      • Quotidian
      • Everyday Budgeting
      • Pink_Hammer.10
      • 9 days ago
      • 1
      • Reported - view

      monkeyhanger Right - that did the trick! Thanks a ton.

      Ceeses et al - the problem I've been having is that many years ago I set up Quicken for my consulting business.  Quicken, being an accounting package, has both Income and Expense accounts. So I think where I went wrong was trying to create an 'income account', based on my hazy recollection of setting up Quicken, when YNAB operates differently to that.  That was really the cause of both the issues I've raised here, so thanks all for helping me straighten that out.

      Like 1
      • MXMOM
      • MXMOM
      • 8 days ago
      • Reported - view

      Quotidian yes, you need to get debit/credit out of your mind.

       

      As for your income category issue (which I now see is solved) I would have recommended just moving the available balance from the income categories to Ready to Assign and then hide those categories.

      Like
      • WordTenor
      • Can we agree that goals are dumb and immature? Sure.
      • WordTenor
      • 8 days ago
      • Reported - view

      MXMOM That would mess up  the reports, though….

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    • Ceeses I can definitely see how that option would come in handy for this use case! Quotidian, would you be up for letting our product team know how this would have helped you? They may also be able to give you some more insight into why it's not currently an option!

      Like 1
      • Quotidian
      • Everyday Budgeting
      • Pink_Hammer.10
      • 8 days ago
      • 2
      • Reported - view

      Rachel I logged an issue with product team but with hindsight I see where I went wrong, which was trying to set up categories for Income. That was due to unfamiliarity with the product and treating it like an accounting app instead of a budgeting app. Now that I understand the principle of 'how to account for income' it seems simple enough although I think this point could be articulated a bit more clearly in the helptext i.e. 'Don't add Income as a category, simply add it as a Transaction, noting the income source in the Payee field.'

      Like 2
  • You still have $35000 income on that screen. All of that should in theory be categorised as ready to assign as we discussed the other day. This will add $35000 to your budget (by moving that money from the income category to ready to assign)

    Like
      • Ceeses
      • Ceeses
      • 9 days ago
      • Reported - view

      SgtBatten Hello. Indeed, again. At least we keep being in sync with the advice and not at odds with each other.

      Like
  • Unrelated, but now I've got this song stuck in my head: "There's a Hole in My Bucket"

    I'm happy to provide the lyrics and solfege for anyone who would like a chuckle. It has never failed to produce a laugh.

    Like 4
      • Quotidian
      • Everyday Budgeting
      • Pink_Hammer.10
      • 9 days ago
      • 6
      • Reported - view

      Move Light Sound Life I did think of that when I wrote the thread, almost included Dear Liza, but thought better of it.

      Like 6
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