
Set a goal, saved, met it, swept $ into investment account
I set a goal in YNAB to save $25K for a new kitchen. I saved and met the goal. I won't be remodeling the kitchen for 12-18 months so I took the money out of my savings account and put it into a low risk investment vehicle. It earns triple what money market accounts earn now.
The problem is that when I did that in August, it looks like I have $25K in uncategorized cash spending.
I recorded the transaction as a $25,000 cash expense. I didn't know how else to do it in the YNAB way.
I do have tracking accounts so I can follow it's growth but they don't affect my budget.
How was I suppsoed to account for this transaciton?
Coincidentally, when it turned September, that $25K doesn't carry over, so it's no longer showing as if I have $25K extra to budget for.
I've been using YNAB a long time now, and I've never had a problem, but I've never saved $25K for a kitchen, so I want to make sure I didn't break the budget somehow.
I love using YNAB.
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Yes, unfortunately YNAB considers all outgoing dollars from a budget as an 'expense'... Investments are not really an expense, since they are still your dollars you're letting a company borrow to grow. I wish there was a better way to categorize investments, but I just do as the others have noted with a budget category called 'Investments'. Then when I'm looking at reports I uncheck that Investments category in the filters so I can see all my actual expenses only.
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dakinemaui said:
the longer you go between reconciliations,What, not everyone reconciles every day like me? 😄