no way to budget weekly?
So there's just no way to set up a weekly contribution plan in YNAB?
Ex., I have a bill next month for $200, and I want to budget $50 a week each paycheck.
But, I just have to remember to look at the individual item, and then I have to remember that I was breaking the TOTAL monthly amount I budgeted into WEEKLY equal payments?
If there is any feature that is going to make me quit this, it's this one, aside from the having credit card returns screw up the budget as well...
You can look at paying certain groups of categories in full with each pay. So you could have 4 groups, 1 for each week (as majority of months will have 4 pay weeks). For example
week 1, could cover Electricity,
week 2, insurances and internet
week 3 car loan
week 4 savings/debt pay down
We are paid fortnightly, other than daily expenses like groceries, I use one pay to fill some categories for the month, then the next pay to fill the remaining. I use the goals function to help me with those.
Hi Alice Blue Mare !
Both of the suggestions above are great ideas! Once you have a Goal in place for your monthly amount needed, you should budget towards that category as you have funds. If that's $50 a week, you can add a reminder in the name of the category or in the notes section, but you can also add extra or budget in advance if you have more funds available. :)
I KNOW about "get buffered". I grasp that most if not all people o n YNAB are here to do that.
Because it actually *is* years away, that's why it's not helpful to just say "get buffered" whenever someone has a question like mine. You literally have no idea what my financial situation is. Ten months is laughable.
Here's a thought on how to budget weekly, sort of.
Create a weekly recurring transaction for $50, and set the budget category to the bill you're trying to pay.
When you get your actual paychecks, make sure to reduce them by the number of weeks passed since you were paid last, x$50. You'll have multiple transactions per paycheck, and you'll have to make sure you wind up with the correct total. Or else you'll think you have more money than you really do.
Doing this, your $50 will pop right over into that budget category each week, no sweat. When you pay the full $200, it will be sitting there waiting for you. If you need to move it to TBB, just put a negative dollar figure in the category to send it there. But then keep in mind that until you replace the negative manually, you won't have enough for your bill.