Protecting some of the starting balance from being in the budget
newbie here, and couldn't find this anywhere.
YNAB allocates all of my available balance as potential budget. I want to lock away at least $x for a safety net to prevent me from getting close to $0 and incurring potential charges. Any recommendations on how to limit how much of your checking account can be available as potential budget?
If the *only* account on budget is your checking account, you can set up a savings/buffer category and keep money there. As long as you don't spend from/take from that category, that money will always be there.
If you have multiple checking/savings accounts on budget, though, no, there is no way for YNAB to monitor the account balance for you. You can turn on the running balance, and between that and scheduling transactions can keep an eye on how much is/will be in the account. And the account balance will always be listed in the accounts list.
With multiple accounts, even if you were to remove money from the on-budget amounts (by reducing starting figure and/or making a fictional payment - very strongly recommended against, as it makes reconciling accounts extremely difficult), that money wouldn't necessarily stay in your checking account. You'd still have to monitor that yourself. So definitely not recommending that method.
In YNAB, categories determine the purpose of your funds. Put any funds you don’t want to spend into savings categories and then don’t spend from those categories. It’s as simple as that.
Bigtime Topbanana said:
I want to lock away at least $x for a safety net
Make a Safety Net category and put $x in it. Or it could be called anything. Most of us have multiple savings categories.