How do I refresh?
Just wondering how to refresh my account so they all show the correct balances and bring in any new transactions? Does it happen daily or is there a refresh button I can click? Couldn't find anything like that...
It happens once or twice a day. However, you should definitely do manual entry. It seems like it would be a huge pain, but it actually makes life easier in a lot of ways--mainly, you never have to wait for a transaction to clear your bank to see it reflected in the budget. (Manual entry works very well along with automatic import, and that's how I use it: when transactions download from my bank, I see them match to the ones I entered. It's very satisfying!)Reply
Thanks...I don't want to enter anything manually though. I am budgeting for both myself and my husband and I definitely do not want to go through all of his credit cards and my credit cards constantly and entering everything each one of us spends, way too time-consuming! It's got to go in automatically or this is not going to work for us. Hopefully that's not a deal-breaker with this software... The transactions will go in automatically and get categories, right?Reply
Side note, I do 100% manual entry (2-3 minutes per day max), but it is my understanding that for those who do link their accounts, the download isn't truly automatic. You'll get an icon telling you that a particular account has items to import and then you have to click to actually import them.Reply
Hi Heather Ryan !
If you're using Direct Import, you should see a number appear next to your import button once new transactions are available - such as: "Import (3)". The import button is at the top of your account register and clicking on it, in this example, will bring in those 3 transactions.
In the mobile app, you'll see a red dot on the Accounts tab and when you click there it will prompt you to 'View' your ready to import transactions. :)Reply
Wow, none of these people at all answered your question. It's like they have no idea what your asking. I can answer by saying that right now, YNAB doesn't appear to have a refresh button, so your at the mercy of whenever they feel like refreshing your accounts. My balance has literally never been correct and I have to manually fix it everyday. Really not seeing the point of this software, it's just exxel with an ever so slightly cleaner UI I guess?Reply
Magenta Grizzly said:
I'll be happily moving over to Mint, a system designed as a strong UI for interaction with your money. Why won't all of you?
I laughed so hard I almost choked.
To put it simply, Mint is reactive. YNAB is proactive. If you want to watch your money do it's own thing, you'll enjoy Mint. If you want to budget, well then YNAB - see what I did there? 😉Reply
I am new to this software. I have used Quicken for 20 years. I like the forward thinking. This seems like a David Ramsey envelope system with a Quicken gathering system.
I am more aligned with Grizzley, in this thread. I have over 20 accounts, and the link function is without a doubt a deal breaker for me. I am not going to be manually loading squat. Refreshing 2 times a day is nearly okay for me. The reason why I found this thread, was I am looking for the REFRESH BUTTON. Why could you not keep your auto refresh system, and ADD a dam button > to force the issue when an individual wants that to happen? To argue about the way you use the system seem pretty dam lame. How about addressing the simple question on WHY you cannot add a button to SYNC.Reply
I want to add to what others said about entering manually - I've been using YNAB for half a year now and since I am in Poland I can't use auto import. Initially I struggled a bit with entering things, usually doing it once a week or two weeks which made me spend 1-2 hours inputting things which was kind of a drag.
Now I enter everything as soon as I can. Going back with the groceries? Input everything on my way home. Pumped gas? No one will mind if I'll take the spot for another 30 seconds (and if there is a line I can move a little bit).
Most of the time I can input things immediately after paying. Then in the evening I spend 5 more minutes to fill anything I missed and I am done.
Once you get used to working with YNAB it'll take you 10 minutes every day to keep everything up to date, which you can do while, say, watching TV, waiting for water to boil or coffee to finish, the pizze to bake or while sitting on the toilet. Embrace the manual input!Reply
This was a great thread to find. I am a newer (second month, just purchased) YNAB user and I was also looking for the "Refresh" button as I had a week where I didn't keep up with YNAB as well as I should have and wanted to completely catch up this morning.
I am in the middle of the camp: would like accurate importing / refreshing but get where the "manual input" crowd is coming from...being proactive is what this budgeting system is all about: knowing where your money is going, not where it went.
Mint, beyond the fact they are sharing my data, didn't work for me as it was just another software to determine how poorly I kept track of my spending and I couldn't look forward to next month.
So, I am sticking with YNAB, despite the lack of a "Refresh" button and will start manually entering today!
What a great thread...sometimes the internet is a good place.Reply
Those foolish Mint people have so little control over their actual money...I am still not 100% YNAB yet (don't do credit cards) but I do the reconciliation dance multiple times a week. I'm having (almost) weekly budgeting discussions with my partner.
Being smart means not having an ego that prevents you from discovering new and novel ways of problem-solving!Reply
If you are just blindly categorizing your transactions automatically, your bank probably has a spending tracker or some such. Mine does and it categorizes things by the type of merchant. I personally know it is slightly inaccurate because where I buy gas is listed as "general merchandise".
Even if you don't want to do manual entry, you are still going to need to look at your transactions. Maybe some days/weeks it will be select all and approve. Other days maybe you usually buy groceries at one store, but this week you know that it was 50% clothes and want to split the transaction. Maybe some stores are groceries sometimes and Christmas gifts another time. Also, sometimes the direct import hiccoughs and imports something twice or three times. This past month I had to reject a few transactions because they kept importing and trying to match again.
It's totally fine to just let all your transactions import, but you still need to be mindful of the budget and actually budget those funds. You can't just categorize your transactions, all that does is make that category overspent. You need to go to the budget screen and allocate your money to that category. And you also need to periodically reconcile your account register in YNAB to your actual bank balance.
If all you want to do is categorize your transactions, that's not budgeting. That's tracking your spending. Looking at spending history can give you a clue as to how much to budget.
Budgeting is telling your money where to go. Tracking your spending is watching where it went.Reply
It's a bit disheartening to see the attitude against automatic import, as if we're doing it all wrong if that's the route we choose. Just because manual entry was the only way until recently, and even the suggested way, doesn't mean you have to knock those who want to do it with the automatic method. Given that I use a few other services that track my bank accounts and provide a refresh button, having a refresh button here for a paid service certainly shouldn't be a problem.
Regardless, I disagree with the premise that there is only a single way to use YNAB. I thoroughly enjoy the ability to plan out my money. I like that I can assign a "job" to everything and that when I go on vacation next month there is $4k in the bank account dedicated to _just_ that trip. Planning what to do with my money as it comes in, instead of having to look at the bank account balance and think about whether this bike is really something I can afford or not, has been a game changer.
However, I'm not a person who cares enough to manually enter in all of my transactions as I go. My buddy who told me about YNAB will enter a transaction as he's paying for it - and that's awesome. However, I know when I go shopping for groceries tomorrow that I'm going to buy whatever I need and want. I also know I'll probably fill the truck up with gas tomorrow, and it'll cost what it costs. This will all cost money - but I know I've got money set aside for these costs, and budgeted in YNAB. So what matters to me is that at the end of the day, or the day after, I look at my account transactions that come in from my bank, and I'm able to push them to the right categories as needed. The amount budgeted for them will go down, and I'll know what's left that I expect to spend during the month.
Even with this, we still manage to use YNAB to what I think is a great extent - our money has a job when it comes in and we keep to it fairly closely. When we go over (even after the fact), I'm then forced to figure out what's paying for that overage. Importantly, and where it helps me the most, for purchases other than things I will get regardless (like food and gas), I am forced to plan for them. That was my biggest issue before because I would look at the bank account and just decide to buy something because I knew there was enough to pay for the bills and whatnot. Planning for trips was always a bit difficult because the money never had a job, and so it would get spent whenever I felt I wanted something.
Importantly, I don't need manual transactions for that, automatic transactions work just fine. Thankfully, because I'm not trying to keep track of my money every second of the day, the lack of a refresh button won't scare be away. But that's just me - and I'm perfectly happy with the progress I've made with keeping track of my money without doing it the "YNAB" way with manual transactions.Reply