Best way to (re)start mid-month using linked accounts?
I'm about 6 weeks into YNAB (although not new to budgeting), and I made some mistakes in setting up that I can't rectify, so I'd like to start over.
What is the best way to set up mid-month while still using linked accounts? Any tips?
In my mind, I just need to start with the 'starting balance' as of today, not input any pending transactions, and budget from there based on what I know is upcoming.
[I just feel like 90% of what I have in my current budget is good, and it took me So. Many. Hours. to get there, that I want to maintain integrity. However, I MUST start over.]
Oh, and please don't advise me to do anything manually - ain't gonna happen! 😂
(If anyone is interested, here is where I erred: 1) I didn't add in my savings accounts initially, and when I did so yesterday I could reconcile some of it but not all due to how I handled transactions earlier in the month....long story.... 2) I started by making budget categories for some longer-term savings and categorized them as transactions versus transfers, because going back to #1, I didn't have those savings accounts in the budget. It all just turned into a big clustermess so I'm starting over!)
Lauren E said:
not input any pending transactions, and budget from there based on what I know is upcoming.
You do need to consider pending transactions. If you are starting today (Tuesday) but you bought groceries Monday after work on a credit card, you do have to account for that because that transaction will import after today (probably Wed or Thurs).
You're looking for a Fresh Start, but you may not actually want one. I'll explain:
There's a button in the top left drop down that lets you do this. It will sever your last 6 weeks of transaction history and budget into an archived budget, then have you say what the current account balances are (not counting pending transactions). Doing this Fresh Start keeps your category structures/notes/goals, so then all you would have to do is budget for the upcoming (including pending transactions). You'll be starting from 0 in every category.
From your other post, the only things incorrect seem to be the transfers from savings, and then adding the savings accounts to categories. Those are things that you can easily fix without losing all your transaction history with the Fresh Start.
An easier way is to set your available amounts to 0 in all categories (you can do this in two clicks: select the top checkbox, then use the Quick Budget tool on the right). Although, you may not even need to do this step if you don't want to. Read on.
Then, add your other 12 (or so) savings accounts. I'd put the starting date as 6 weeks ago (check your bank for the running balance in that date - it won't have changed much, presumably), and enter any interest earned transactions until today. If you're set on no manual, you could perhaps wait for the import for the interest, but it's likely around the same amount of clicks to manually input a single transaction... Either way, you'll need to manually address the transfer in question by clicking on it and making its payee "To/From your credit card account that's on budget". Once your registers reconcile (are the same as your bank), you can budget the money to its savings categories.
Make categories for the savings accounts' previous functions, if you still need to. Put the money in the appropriate categories. Put the rest of your money in it's appropriate categories (remember, you set everything to 0, so it's in TBB again).