Spending by Date Goals not working

So I set a yearly spending goal of $1000 to be ready to spend for November 1, 2020 and then to have it REPEAT.  However, when I take the money out to pay the bill and then start saving for it again it still says that I have reached my goal and I'm fully funded when I'm NOT  since I am starting all over again to be ready for 11/1/21.  How do you fix this?  It will even continue to say I'm fully funded in the next month when I only have 83.33 in the sinking fund of the $1000.

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  • The yearly spending goal means that "I want to spend a max of 1000 dollars for Christmas (for example) I don't care whether I buy presents in july or in december as long as I spend 1000 bucks. If I have 500 dollars in july and I spend 150 of that I don't need 150 more, I'm still on track.

    Basically what you are looking for is the target balance by date (which I don't think repeats automatically.) This goal says "I need 1000 bucks in december. If I spend 150 in july, I STILL need 1000 in December so I need to budget 150 more over the next 5 months than originally planned." With this goal type your needed amount adjusts automatically. 

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    • Hopeless Noob   Ahhhhhh HAHAHAHAHA  THANK YOU!!! I just changed it to target goal and it WORKED!!!  WOO HOOOO!  Thats exactly what I needed!  I wasn't sure I explained it clear enough but you got exactly what I meant!  THANKS!

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      • kuldaddy
      • kuldaddy
      • 4 mths ago
      • Reported - view

      Hopeless Noob Similar issue here for my garbage which is due quarterly. I created a Needed for Spending goal of $102.32 due on 1-Apr and repeating every 3 months. Are you saying this will not work like I am expecting? 

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    • kuldaddy If you make the due date March 31 instead of April 1, this should work as you'd like!

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    • Hopeless Noob  

      Sooooo, what is the purpose of the Needed for Spending by Date with repeat (i.e. a repeated sinking fund)  if it doesn't reset to zero after you spend the money you saved?  I pay an exterminator every 3 months and was having the exact same problem Fancy Fingers was.  I paid the exterminator last month and it still was telling me I was fully funded.  I made the change as you suggested and it's doing what I need it to do.  But now I have to go in and manually reset the goal date every 3 months, which I don't love because I have to *remember* to do that for each category I have like this, and there are several.

      I understand the concept (I think) of Needed for Spending by Date, as in saving for Christmas and buying gifts along the way.  That seems to work just fine as a one-time savings goal.  But what is the purpose of the "repeat" if it doesn't reset itself?  The way it's set up now, if I spend the $1000 by December, come January won't it say I'm still fully funded and not ask me to allocate funds (the same thing as when I pay my exterminator, just on an annual scale?)

      Sorry if I'm being obtuse.  I've been using YNAB for 3 months now and generally love it.  But I'm struggling with selecting/using/making the goals do for me what I want them to do.

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      • Bruce
      • Software Engineer
      • Bruce
      • 2 wk ago
      • Reported - view

      Magenta Case Yeah, they behave intermittently for me too.  One thing I've done for a lot of goals is just do the manual calculation (1/3 of payment) and set that as a recurring monthly goal.  then it will accumulate, and on the 3rd month it will be full, you spend it down, and fill it up again the following 3 months.

      I know, not quite as great, especially if you borrow from the category for rolling with the punches, but if you don't, it works fine.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 2 wk ago
      • Reported - view

      Magenta Case My understanding is that the repeat function does work as long as you spend the funds in the target month, not later. Why would it reset to zero? Any leftover funds will contribute to the future repeating goal. If you want to use those left over funds elsewhere, you are free to do so by moving them to another category. Otherwise, they'll go toward the next period of the goal.

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  • Bruce

    Thanks for your thoughts!  The 1/3 monthly goal does seem like a pretty good workaround (if I can remember not to Roll With The Punches with those categories as you mentioned, which I think I can do.)

    Superbone

    Thanks for your thoughts as well.  What I want is for the goal tracker to reset itself to zero, not the funds in the account.  I follow what you're saying about any leftover funds rolling over or being moved to another category.  However, in my case I did spend 100% of the funds (paid the exterminator) in the target month (June) but the tracker is still saying I'm fully funded with a goal date of September.   🤷‍♀️🤔

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  • Magenta Case said:
    However, in my case I did spend 100% of the funds (paid the exterminator) in the target month (June) but the tracker is still saying I'm fully funded with a goal date of September.   🤷‍♀️🤔

     Well, that's a problem. Like I said, I had that issue when I didn't spend the funds until the next month. It is supposed to reset the goal in the following month as long as you spend it in the goal month. Maybe because the month hadn't changed over yet?

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