Initial transaction download
Just starting with YNAB, and my December will be my first budget but when I download my transactions in November after setting up the budget and categories, I am having difficulty clearing and categorizing the transactions.
My TBB is going up, I would like my December budget to start clean.
Hi Cornflower Blue Major !
Welcome to YNAB, I'm so glad you're here! 😊
If you want to start your budget in December, make sure that your Starting Balance transaction (and the balance itself!) starts on December 1st.
However, you can start YNAB on any day, it doesn't have to be the first of a month! You’ll want to start YNAB with the money you have on hand today – and prioritize those dollars. Here's a short video that explains these three main steps:
1. Add your primary accounts with the balances as of today.
2. Budget those dollars where they’re needed before you get paid again. Ask yourself, “What does this money need to do before I’m paid again?”. Do you have an Immediate Obligation that needs to be taken care of before your next payday? Budget money there. If you have extra, budget towards your True Expenses.
3. Record your spending. It’s best to enter transactions right away so you can always trust your budget!
Take a look at those links and let us know if you still have questions! 😊