New Goals Coming - one type still missing

I'm glad they will be adding new goals soon...

https://docs.youneedabudget.com/article/1527-goals-fall-2019-update

That said, I don't seem to see the Monthly Funding Goal with a target Category Balance cap. That's the second most requested goal type around here after the new Fund by Date goal that allows intermediate spending.

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  • Agreed. 

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  • Isn't this exactly what the new "Monthly" goal is, though?

    Monthly goal allows you to set an amount to budget, and spend up to each month. For example: set a goal to budget $500 for groceries each month, and spend up to $500 in a month. If you don't spend all of your budgeted funds in the current month, the remaining amount will contribute to the next months goal when the month rolls over.

    $500 would be your "target cap". If you don't spend all of your budgeted funds, the remaining will contribute to next month's goal.

    Like 1
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 1 yr ago
      • Reported - view

      Maroon Memory I just said the same thing to Mrs. Khaki Storm. 

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      • WordTenor
      • I have the honor to be your obedient servant
      • WordTenor
      • 1 yr ago
      • 2
      • Reported - view

      Maroon Memory No, because it is looking to reach the max in a single month. This goal would be for, say, your auto maintenance fund. You want $2000 in there, but you get paid $3000 per month. So you can't fund the whole $2000 at once; you'll need to slowly build it $50 at a time. But when you reach $2000, you want it to stop asking for more money. Then you go, get an oil change and tire rotation for $80, so then for two months, it's going to want a contribution again until it's back to $2000; lather, rinse, repeat.

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 yr ago
      • Reported - view

      WordTenor Exactly. I use this thinking for all sorts of categories.

      Medical, Household Goods, School expenses, restaurants, clothing, haircut, wine, & booze.

      The spending in these categories is lumpy, but funded as a true expense, not to exceed certain amounts.

       

      I'd actually like one additional goal type, the way I calculate my budget and cap for fuel, electricity and natural gas. Budgeted amount = average spent of the previous 12 months. Cap = Budgeted amount + sum of any spending above the 12 month average in the last 12 months. However that's a complicated one, maybe better left to spreadsheet as I do it now.

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      • Annieland
      • YNABbing every day since 2009!
      • Annieland
      • 1 yr ago
      • Reported - view

      nolesrule Yes! I want that too!  I’m doing it in YNAB, but manually. I did this because my cash flow has improved over the last year and I wanted to start getting more realistic about what I really spend on Christmas gifts and not what I will arbitrarily hope to spend. I added a 📊 emoji to the categories I’m attempting this with. It’s hard to do any test budgeting in the future with it because the average will keep changing of course, even into the month if some surprise transactions come in or are adjusted for the previous month. 

      As I see my categories grow a lot bigger than usual I’ve started to try to plan on a max goal as you often do.  At this point all I can do is write myself a category note on what I will want my max to be, but I can’t quite visualize what it’s going to look like because I haven’t gotten there yet.  I haven’t suggested this, because as you say, this is way too much coding that I doubt YNAB would ever attempt.

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    • nolesrule hardly complicated since you described it in two sentences/equations. If there was ever a Goal aligned with the methodology, that is it.

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 yr ago
      • Reported - view

      dakinemaui Well, I described it in two sentences. The calculation itself would require a little bit more complexity. Both the Budgeted amount and the Cap are one-liners in a spreadsheet program because of built in summation and averaging functions.

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    • nolesrule said:
      because of built in summation and averaging functions.

       Both of which are in SQL, so assuming they're using a real database...

      Like 1
      • jestarr
      • jestarr
      • 8 mths ago
      • Reported - view

      nolesrule would you be able to share how you do the calculation on a sample google doc?  Perhaps assuming average of $125, and max 12 month bill of $350.    I've attached a sample spredasheet

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  • I love how the credit card related goals are cast as something different /s. In reality, there are four types, not 6.

    Still, it is new functionality, which should be greatly welcomed.

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  • Hi everyone!

    Thank you all for weighing in here! :)

    These goal types are still being rolled out slowly, but they are our goals for the future release to everyone! ;)

    You can submit any feedback on them through the Feature Request form or to our support team at [email protected].

    Thanks again!

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