Newbie needing advise; bills paid forgot to enter in budget first
I'm new to YNAB so I'm going to hopefully explain this correctly.
I didn't go on for a week or so, and in that time I paid most of my bills. Those bills hadn't yet been budgeted for in YNAB, but the money already came out of my account and is paid for. How do I get that column out of the red? If I budget for it, say my mortgage, now to make it green it takes it out of my current amount of money.
Khaki Boat said:
If I budget for it, say my mortgage, now to make it green it takes it out of my current amount of money.
That's what is supposed to happen. If you paid your mortgage, you have less money left. If you record that you paid it, it will show you that you have less money left. If you don't record it (by making the category green), YNAB will show you having more money than you actually have.
Hi, Khaki Boat.
Ideally, you want your true expenses (things you need to pay every month, such as your mortgage, insurances, rent and so on) to be grey after they've been paid.
If a category is green that means there is more money in that category for payment. As you say you've already paid your mortgage then you don't need to budget any more in that category, so it should be grey.
The category went red as you had spent the money, but hadn't budgeted enough for it.
You will need to move money from a different category to your mortgage category to cover that overspending.
You mention your "current amount of money" - do you mean the big "To be Budgeted" at the top of the screen? That should be 0. If it isn't, it means you're not giving your money a 'job' click on the category and then select "To Be Budgeted" as the category for "Cover this overspending with".
YNAB is a bit confusing to begin with, but I really find Nick True's videos helpful:
I appreciate the replies, but I think there is some confusion to what I mean, perhaps on my part.
I reset the budget to start over because I was too confused, but I still have a current example.
I thought my husband already paid the electric, but he didn't. I hadn't budgeted for the, say $100, so now it's red. I get that. BUT if I budget for it now, out of my "to be budgeted" (I was starting to budget for next month, but removed the money) it's not a true reflection of my current money available because YNAB synced my bank account.
So YNAB is saying, hey you have $1000 in your bank account, but that's AFTER I already paid my electric bill. So if I take that $100 out now, it will say I have $900 left, but I really have $1000 after paying the electric. Does that make sense or am I wrong in how I think ynab works?
OR does YNAB keep my previous "to be budgeted" numbers and not just my current account numbers (but may add my pay check to the to be budgeted? I've done zero balance budgets before, but in cash which was pretty simple lol.
Khaki Boat said:
does YNAB keep my previous "to be budgeted" numbers
Yes, it does. The missing money is shown as a negative CATEGORY balance, which offsets the "larger than you might expect" value that is still in TBB (or anywhere else in the budget for that matter).