Budgeting for subscriptions when payday is the 28th
I am just starting out with YNAB. I am paid on the 28th of each month and I have some recurring monthly payments go out on the same date. This however skews my budget slightly, as I now have a payment actually coming out on the 28th Sep, and my Oct budget taking October’s payment into account, therefore lowering the amount I have to budget again. I’m not entirely sure how to calculate this correctly - any ideas?
Hello and welcome to YNAB! Hope you're liking it so far.
It takes a while to get used to if it's your first zero-based budget, but YNAB works like this: when you get paid, that money goes to the 'to be budgeted' category, with all those dollars waiting for jobs. If you're paid the 28th and haven't budgeted for that subscription, you'll want to put some dollars to work right away for that payment. Then, ideally, you'll also budget the same amount for October, so that you can start to work your way ahead. So yes, in this case, you'll need to budget twice the amount, once for September and once for October.
I found a lot of the video resources from YNAB very helpful, and you can't go wrong with the live classes either. Here's a good place to start: Starting Your YNAB Budget.
Good luck and happy budgeting!