Borrowing Money

Hey YNABers!!

Can somebody tell me how do you manage Borrowed money in middle of the month?

I don't want to add any extra account for managing the borrowed money.

While staying in the same account O'm currently budgeting, What is the easiest way to add transaction for 'borrowed money'?

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    • HappyDance
    • YNABing consistently since 2014
    • HappyDance
    • 1 yr ago
    • Reported - view

    Enter a transaction to reflect reality.  From where or who or how did you borrow the money?  Did you hit up a relative for a loan, enter the amount of the loan and the account it came into.  Did you take a cash advance from your credit card? Enter a transfer from your credit card to your chequing account. 

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    • HappyDance Hey Thank You!

      I borrowed it as acash from a friend. 

      So, when I add a transaction where would it go? Inflow or Outflow?

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      • HappyDance
      • YNABing consistently since 2014
      • HappyDance
      • 1 yr ago
      • 3
      • Reported - view

      Naveed Ahmed 

      Inflow.  I have a cash account (named wallet), and if I received cash, I would enter the inflow in my wallet account.

      When it comes time to repay your friend, you will record an outflow from your account of choice, AND you will need to assign it to a category. 

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