Using a Budget to Forecast Another Lifestyle
So I was looking at mortgage calculators today and based on our income it suggested we could buy a home that would cost us nearly double in monthly cash-flow than I personally feel comfortable with, while still keeping us in a lower risk DTI ratio. That got me thinking.
I have two separate budgets to manage my girlfriend and my income. But there's no reason why I couldn't create a third budget that's joint, that I use to forecast what life would look like if we say, stopped eating out and bought a condo...
Has anyone used YNAB in this method and if so, did you learn anything before I step off on this journey.
Sure. I call mine a Sandbox. When I want to play, I do a Fresh Start, rename the Fresh Start "Sandbox: Scenario," and rename the archived one back to my real budget's name. That way, I don't have to do as much work setting up categories (and some goals) again.
Just make sure you've opened up the one you intend to when it's time to get back to your real budget.