Need some help getting started with budgeting
Hello - I've been using YNAB for a few months now. The data entry features are great and I can use the reports to see where I'm spending money. I really like the mobile app.
However, the budgeting process completely mystifies me. I have a certain amount of total spending I want to do every month, spread across a couple dozen categories. I don't want to have to manually enter the budget amounts every month. I also would like to accrue expenses monthly for planned major expenses (such as a car repair or house maintenance). I am tracking expenses from the start of 202 and would like to set my budget for the calendar year as well. I can't figure out how to do these simple tasks. While YNAB seems like a great program, the budgeting piece appears to be a huge amount of work. Can anyone suggest a tutorial to get started? Thanks.
Hi Peter G !
Welcome to YNAB and to the forum - we're glad you're here! :)
In YNAB, your budget is a plan for the money you have right now—but you may want to plan ahead for what to do with money you'll get in the future. We call this a budget template but, at any given time, we don't suggest budgeting further than your current funds will take you.
When you have a moment, watch our video on How to Create a Budget Template or How to Create a Budget Template on Mobile, or take a look at the Set Up Your Budget workshop. Both will teach you how to use scheduled transactions and goals to outline priorities and plan for future expenses.
The Quick Budget feature will allow you to quickly enter the budgeted amounts you want from month-to-month.
And if you want to dive in deeper, check out Create a Budget Template in our Starting Your YNAB Budget video course. :)