Recurring future payments not in "funds for XXX"

I'm looking at my July budget at the moment and basically the only money showing up in "Funds for July" up the top is the income my wife and I have already been paid.

However when I go into my savings account, which is where our salaries are paid, it clearly shows future-dated recurring payments falling in the month, but for some reason these are not getting included in the "funds for July" total. This basically means I'm unable to budget properly (without manual calculations) because it says I've budgeted several thousand dollars more than I have.

To be specific, I have two transactions, dated July 24 and 25 with future inflows, but the funds for July is basically only including the salaries already paid on July 10 and 11 and the "budgeted in future" carried over from June.

Please fix this soon because it's basically breaking YNAB's usefulness for me.

7replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • It's unlikely to be fixed because it's not broken, according to YNAB philosophy, which is to not budget and funds you have not already received. I get around this (somewhat) by making use of the Toolkit's Running Balance option, which shows where I will likely be when any income arrives. It's more than helpful: it's one of the Toolkit features that make nYNAB work for me.

    Reply Like 3
  • Hi, Tophorus

    YNAB is a zero-based allocation budget system as opposed to a forecast budget, and it's modeled on the cash envelope budget, only it's a modern digital version and instead of putting dollars into envelopes, you assign your funds to various categories. Then you look to your categories for spending guidance.

    When you start using YNAB, you tell the budget how much cash you actually have on hand in all your accounts and wallets at the moment of starting, then you budget (aka reserve, aka crystalize the plan for spending those real dollars), and you do that by allocating those funds to your categories until you have zero to be budgeted.  When you get to zero, you stop.  When you get more income, you budget again, always asking yourself what must these dollars do between now and the time I receive more income.
     

    Reply Like 5
  • This isn't particularly a bug, just the way YNAB works. YNAB doesn't count money you haven't actually received yet in the available funds, with the idea that the sense of scarcity it gives you encourages you to make better financial decisions and not spend money you don't have yet.

    Reply Like 1
  • Thanks JoeDid, HappyDance and Ben , I guess that makes sense. It does seem somewhat contradictory, however, in that it seems to be aware of future expenses and warns me (orange colouring) if I haven't budgeted enough to cover transactions coming up within the month, but it won't let me take into account future income.

    So I understand the theory but if I know I've got a bill of $2000 next week and I've only got $200 now, but I know I'm getting paid $20,000 tomorrow (ha, I wish), the budgeting process really seems like it should be able to take that into account.

    Anyway, maybe I just need to get into "the zone" more with this. At the moment it's just feeling reactive... and that's not even counting the trouble I'm having convincing my wife it's even worth bothering with!

    Reply Like
      • JoeDid
      • Remember: It is To Laugh
      • Purple_rain
      • 1 yr ago
      • Reported - view

      Tophorus That's completely understandable. In my "other" budget app, I lay out the whole month and I can happily live with the red $XXXX OVERBUDGET admonishment at the top of my budget screen. I don't do this in YNAB, and I've gotten past that initial reaction that you are experiencing.

      Try the Toolkit (for Chrome or Firefox only; search for 'toolkit for ynab') set it up and select the running balance option.

      Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 yr ago
      • 3
      • Reported - view

      Tophorus The answer to your "contradiction" is to live below your means (including all savings goals) and you will then be in the position to budget the current month using the previous month's income.

      Unfortunately YNAB has obfuscated this strategy in their most recent software incarnation. Others can explain how to accomplish this in nYNAB, as I still use YNAB4.

      Reply Like 3
    • Hi Tophorus !

      YNAB is a bit different than other budgeting tools you may have used in the past. It doesn't consider that pending income on purpose - not only does that prevent any misgivings if something were to happen to those funds (perhaps a delayed deposit?) but it also encourages you to stretch your current funds as far as possible. Maybe you only have $200, but you can put that $200 towards that $2,000 debt, so when that $20,000 comes in, you only need to cover $1,800 and you can put the rest of those funds elsewhere.

      It can take some adjusting, but Scarcity is Clarity. :)

      Reply Like 1
Like Follow
  • Status Answered
  • 1 yr agoLast active
  • 7Replies
  • 336Views
  • 6 Following