New and learning
New user here. I am using various YNAB teaching tools (YouTube, FaceBook, YNAB workshops, videos, and written tutorials), to set up my categories, budget (including goals), and accounts in a way that works for me.
First partial month coming to an end, so going to spend some time this week, learning how to transition from one month to the next; including what to do with extra bucks (thank you YNAB for dropping Hannah into my Facebook feed to discuss getting a month ahead! YNAB really does what it can to set clients up for success and I appreciate it.
Hi Doin' Well !
Welcome aboard the YNAB train and to the forum - we're happy you've joined us! :)
I hope you don't mind me throwing a few different resources your way! When a new month starts, you'll notice several things change, including how overspending is handled in your budget.
- Positive Available amounts rollover — if you had money left over in the Available column of a category, that money will also be available in the new month.
- Negative amounts don't carry forward — negative Available amounts do not roll over into the new month, because when your budget has overspending, you can't trust it to make spending decisions.
- Cash Overspending is applied to the new month's To be Budgeted balance, so you might find To be Budgeted is negative in the new month.
- Credit Overspending is applied to the credit card account where the spending happened. Instead of going back to correct those categories in the past, make the correction in the current month by budgeting the amount of the overspending to the Credit Card Payment category.
- The Budgeted column resets to $0 — The Budgeted column contains the money you've budgeted this month. When a new month starts, you haven't budgeted any money yet, so the Budgeted amount will be $0 (if you didn't budget in the future). Note: If you move money out of a category, the Budgeted amount might become negative, which is totally okay!
To see this all in action, check out this video from our Using Your YNAB Budget video course. :)
Amazing! Thank you for the response. Incredible customer service!!
So, a credit card question. Credit card. My card payment is due on the 17th. I pay off balance 100%, always. August 1 rolls around. There is a balance on my card that I will pay mid-month. According to what I just watched, the balance will be zeroed out. Explain how to proceed. Thank you