Goals: Target Category Balance by Date - request for improvements
In the goals section, I use the Target Category Balance by Date feature for many annually recurring bills that tend to change each year.
Homeowners insurance is due annually in January and the premium changes each year
So, for example, in 2017 I set up a goal for my homeowners premium using target category balance by date. I set a goal for $975 by January of 2018.
In Jan of 2018, I had successfully collected the $975 I needed for the premium and YNAB displays a check mark showing I've met my goal, as expected.
Next, I pay the bill in January 2018 and then YNAB starts complaining that I'm short. I'm not short, I budgeted the money and spent it as planned! It would be great if YNAB could recognize that the goal was reached and the money spent and not show that the goal is short. In fact, we should be rewarded for properly planning for our true expenses!
Next, I go to February 2018 to update the target month and year to allow me to plan for Jan of 2019 when the homeowners premium will be due again. I also want to change the target balance because I know the premium will go up a bit. After making these changes, if I go back to January 2018, the goals were altered there as well and show 0% complete. That's not the behavior I expect, it should still show the goal I set for Jan of 2018.
The system should allow target balance and target month and year to be altered without impacting previous goals from previous months and year.
I think these improvements support and will make it easier for us to plan for our true expenses!
Hi Red Screwdriver !
We appreciate you taking the time to send in this feedback! :)
Currently, goals are considered complete in the month that they're scheduled for (because the goal gives you until the end of that month to save the funds needed). If you want the goal to be complete before January, we'd suggest an end date of December.
Also, only one goal per category can currently be in place. There isn't a way to view a history or past goals.
I just forwarded your feedback to our Design Team. They collect it—every last bit of it—in a database. Just about every day, they go through all of it and code it, asking questions like Where is this person in their budgeting journey? What problem are they wanting to solve? Then, in regular research cycles they analyze all this collected feedback to plan for what’s next in YNAB.
We truly appreciate your feedback and it's in the very best hands! :)