New YNAB -Help

I was holding on to the old YNAB as long as I could, but when we purchased a new computer at the end of November I was forced to switch to the web based system. I'm sure I'll catch on after a while, but using the old system for 5+ years, and being the Christmas month when I switched, I feel like I'm going to cry trying to figure out how to make sense of this new system. Someone please help where can I get a full tutorial on this new system? The biggest translation issue I'm having it how I can't assign income to "this month" or "next month" We are 100% commission, so this was incredibly helpful. I'm not sure what "to be budgeted" means, I want certain money to be used in January, other money in February ect. Please help, I'm feeling panicked knowing I haven't kept up on December's transactions - it's a big month, I don't want to get more behind than I already am!!

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  • If you want, you can advance to February and budget there. What a lot of people do is create an Income for Next Month category themselves and when it reaches the amount they need, they empty the category and budget the future month.

    Also, if you truly prefer YNAB 4, you can run it on Catalina using this script https://gitlab.com/bradleymiller/Y64 . You'll need the license key for your YNAB4 license to reinstall but if you poke around this forum, you can find directions on how to look that up.

    If you cancel your YNAB subscription you may be able to get a partial refund.

    Like 3
  • Hi Sea Green Lightning ! We appreciate you being a long-timer YNABer. No need for tears! Making big changes to your process during the holiday season can be a challenge.

    In the web app, you can flip forward to a future month and budget those dollars there. Some folks use the category option jenmas mentioned above too!

    First, I'd recommend checking out this recording of our Upgrading from YNAB 4 workshop. It's tailored to users just like you, and one of our amazing teachers will walk you through the new features.

    Then, we have a brand new YNAB Video Course. You can go through each lesson, or jump around to zero in on topics you'd like to focus on. It pairs well with the Ultimate Get Started Guide too!

     

    If you have any questions along the way, or get stuck—let us know. You can always send a message in the app or via email to our Support Team as well. You've got this!

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  • To Be Budgeted is the same thing as YNAB4's Available To Budget. It's where money goes until you've given it a job.

    You'll need to create a holding category for next month's money (e.g., Income Next Month). Sadly, interaction with this isn't automated as it was in YNAB4. Since you are partially buffered (putting some income in the current month), I suggest that you use budget actions to put money in/out of the INM category. (The alternative is to use transaction categories, but that doesn't work well, IMHO, if you're not fully buffered == sending all income to next month.)

    Money comes in categorized as To Be Budgeted. You should then immediately budget (in the current month's area) any funds you want to send to next month to the INM category. At the end of the month, you can delete the INM budget entry (putting all those funds back into TBB), switch to the new month, and budget TBB down to $0.

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  • None of this makes sense - I've watched the video, read your replies, I just don't understand how to make a pay check from 12/10 pay for all the expenses I have that month. The only option it gives is "to be budgeted" or "split categories" Does that mean I  have to take my paycheck amount and split it evenly between my bills?? How is that easier? It will never add up perfectly, we get paid by commission so multiple small checks at varying times throughout the month, do I really have to split them up to pay for my bills? I much prefer YNAB 4 where all the income for the month worked against all the bills of the month... I don't understand how this new way is an improvement. Please help, I'm getting so far behind in my budgeting and starting to really panic. I need to have a clear picture what has happened and what will happen very soon or else Ill be in big trouble

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      • WordTenor
      • I'm the oldest and the wittiest.
      • WordTenor
      • 1 mth ago
      • Reported - view

       You'll assign all income as "To be Budgeted."* This is now a single category instead of "Income this month" "Income next month." It's all just Income This Month. 

      What many people do to mirror the way it worked in YNAB 4 is to create a category called "Income for Next Month." When income to be used in February is received in January, it gets budgeted to that category. Then in February, you'll move all the money in "Income for Next Month"  to "To Be Budgeted" so that it can be used to budget all of February. The category, which is now empty, is then ready to have all new income in February budgeted to it. This simulates the process from YNAB 4 where you'd categorize the money as "Income for Next Month" and then budget it in February. 

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      • WordTenor
      • I'm the oldest and the wittiest.
      • WordTenor
      • 1 mth ago
      • Reported - view

       The other option, which is shown in the videos, is to just budget money straight into February. To do this, again, you will categorize the income as "Income: To Be Budgeted" just like the previous option. But this time, instead of budgeting it to a category called "Income for Next Month," you'll just click straight to February. Any budgeting you do in February will reduce the amount TBB in both February and January. 

      However, note that if you do this, your TBB is only accurate in the furthest month out. So if you've budgeted February, and January goes overbudget, you will only see that overbudget when you click to February. 

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  • I really appreciate you taking the time to answer WordTenor Could you explain why on the budget screen it gives a dollar amount "Funds for December" that is different than the total of our income transactions in the checking account? Example with fake numbers: Funds for December: $1000 in the checking account register, I have 4 transactions ""to be budgeted" totaling $2000 

    Where does YNAB get the 1000 number from and how do I make it show the 2000?

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      • WordTenor
      • I'm the oldest and the wittiest.
      • WordTenor
      • 1 mth ago
      • Reported - view

      Sea Green Lightning "Funds for X" is the sum of Money received in X and Money budgeted in X that was received in a prior month. I'm not sure I follow what you mean by "4 transactions totaling $2000" because if there are 4 transactions and they are categorized as "To be budgeted" in December, they will be part of the Funds for December number. 

      The part that is more confusing is that if you earn money in November, and budget it to December, that money is part of the "funds for month" in both months: the month you received it, and the month you budgeted it.

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  • Thank you again. Is it possible to go back to YNAB 4? I don't think I'll ever get this figured out and all the changes they said they made to help people who were confused, weren't confusing to me... I really hope there's a way to go back to the old system..

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      • jenmas
      • jenmas
      • 1 mth ago
      • 1
      • Reported - view

      Sea Green Lightning Are you on a Mac? If so, you can run this script and it will allow you to use YNAB 4 on Catalina https://gitlab.com/bradleymiller/Y64

      If you are using a PC, you can just reinstall YNAB 4.

      Like 1
  • Sea Green Lightning said:
    I just don't understand how to make a pay check from 12/10 pay for all the expenses I have that month.

    Well, if it isn't enough to cover an entire month, then it isn't enough to cover an entire month. You only budget the money you actually have. The paycheck I received on 1/7 was not enough to fund all of February. But that plus the amount that I will receive on 1/22 will be enough. So I don't budget February until I have received the 1/22 paycheck.

    I'm in the position of following the Classic Rule 4 - live on last month's income. If you are not in that position when your money comes in, you allocate it to Inflow: To Be Budgeted and you budget those funds to your highest priority categories (ie things that have to be paid before you get your next check), and when TBB is 0 you stop budgeting. Period. Because there is no more money left.

    Like 1
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