Is there a way to set an increasing goal?

I have some surplus cash flow each month right now. I would like to budget most of it towards a short term investment vs another category like planning for gift giving in December. So for example 90% to short term investment and 10% to my gift giving category.

I would like as I approach December to have a goal to get up to let's say X dollars in the gift category, but I don't want to evenly budget towards that right now, because putting more of my cash flow into the short term investment gives me some return vs having the money stay in my account for gift giving.

Is there a way to set a goal for X dollars by Dec 1,2020 so that the goal each month increases as it approaches December? Or can I manually edit the goal amount in each month if this is not an automatic option?

The only other option I see is to set a static goal for December and then just let it be underbudgeted until I get closer. But I think if I were able to setup increasing goals for gift giving and decreasing for investments then it would give me a better picture throughout the process.

Thoughts?

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  • Great question. I think what I'd do is set up a Target Savings Balance goal on the gift giving category and consciously underfund it in the short term so that it will recalculate as you get closer to December.

    However, I'd also take a step back. How important is funding this short-term investment? If it's very important to fund it as soon as possible, another thing you could do is look over your budget and see how much money is available to fund that investment right now, and then set a goal to fund your gift category (and any other categories you took money from) steadily over time.

    There's a big difference between setting aside money for something now and planning to do so in the future, and YNAB is built on that difference.

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      • AVIAF
      • aviaf
      • 2 wk ago
      • Reported - view

      Matthew thanks. That makes sense. I guess keeping an eye on everything often enough to use YNAB properly means I could technically do this myself as the months pass

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  • "short-term" and "investment"  should not be used together.

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      • AVIAF
      • aviaf
      • 2 wk ago
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      nolesrule yes normally I would agree but it was shorter than having to say I can buy a short term cashable GIC to make money on money that might stay in a budget for almost a year or half a year, thereby earning some interest during that time. While it seems negligible, it adds up over time for many things that might be budgeted and keeping money static in my accounts for a longer duration. 

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 2 wk ago
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      AVIAF A GIC is basically what we call a CD in the U.S. It's a bank account where the money is locked in for a certain amount of time. Not really an invest, just not entirely liquid.

      You can use these without messing with your budget. Just create a new bank account in the budget and transfer the money. You just need to make sure you have accessible money readily available before you spend from your budget so you don't risk dipping into the GIC before the money can be withdrawn.

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      • AVIAF
      • aviaf
      • 2 wk ago
      • Reported - view

      nolesrule got it. Thanks

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