Account types

How do you choose those? I have a savings acct I brought in just to keep track of the balance. It keeps wanting me to budget those dollars. Previous help videos show you can mark it as a tracking only account, but I don't see that option.

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    • nolesrule
    • Stealing From the Future fix is an improvement but is incomplete....
    • nolesrule
    • 3 yrs ago
    • Reported - view

    When creating the account, the account type list has budget  and then tracking . Just choose one from the tracking type.

     

    That said, why do you want to just track the account? What's the money for?

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    • nolesrule  I don't get an option for tracking type. This savings account is my emergency fund so it is just for that. thx

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      • nolesrule
      • Stealing From the Future fix is an improvement but is incomplete....
      • nolesrule
      • 3 yrs ago
      • Reported - view

      Blue Battery (9d7f6ee86287) As I said a minute ago, i agree with JoyfulSong . But since I'm trying to answer your actual question, when you first create an account, there is an option during setup to select the account type. Once the account has been created though, you can't change the account type.

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    • If you really want to change your savings account to an off-budget one, the process is fairly simple. Create a new account, choose "tracking", then move all the transactions from the former to the later. You can then close the original on-budget  savings account. 

      Just know that it isn't YNAB canon, and I do recommend you "follow the rules" until you know the system well enough to willfully break them.

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  • It's recommended that you do bring your savings account on budget, and (yes!) budget those dollars to zero. 

    It does not mean that you have to spend those dollars to zero. There is a difference. There is power in "give every dollar a job."

    What are you saving for? If you're like many people, you have a generic "emergency fund". It looks like a giant pile of money. When you give those dollars a job, you can see clearly that if you set aside some money for auto repairs, and electronic replacement, and an upcoming home reno, then you don't really have a three month emergency job replacement fund. 

    The process of allocating the dollars in savings teaches you your priorities. 

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    • JoyfulSong  oh cool I get it

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      • nolesrule
      • Stealing From the Future fix is an improvement but is incomplete....
      • nolesrule
      • 3 yrs ago
      • Reported - view

      What JoyfulSong wrote is why I asked what the money was for. I agree with that response entirely.

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  • Blue Battery ,
    JoyfulSong is spot on here! I wanted to add that once you've assigned your savings dollars to savings categories, you can also set up goals to focus your savings even more :) 

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  • 3 yrs agoLast active
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