Automatic Savings deposits->Budgetted Savings?
I've got MOST of my YNAB budget figured out, but I'm still stuck on one thing: every paycheck, I have $100 deposited directly into my Savings account, intended for the Emergency fund.
I have that Savings account on the left as a linked account, so of course the balance is correct, but I'm stuck on how to log the transactions so they properly apply to the Emergency Fund category in my budget.
(Even worse, I'm afraid I've messed it all up trying to figure it out!)
Any help? Does anyone else do this? Maybe I should just deposit it all into my checking and then transfer it, because I know how to do that in YNAB?
You just need to budget $100 to your savings category. It doesn't matter to YNAB where it's deposited as long as it's in your budget. The savings account is just a way to make a little better interest on your money.
Read this a few times:
This $100 as well as the rest of your paycheck is new money, categorize it as Inflow: To Be Budgeted. The transaction amounts should match reality. For example, if all of this money is deposited into checking first then transferred, then record two transactions: one for the full inflow amount and one for the transfer without a category. If your income less $100 hits checking and $100 hits savings (without ever going through checking), then record an inflow transaction in each account, each categorized as TBB.
Basically, mirror whatever your bank statement will show in YNAB.