How do you reset your budget each month?
I have been trying to figure this out.. how to resent the budget back each month and fill all the envelopes? Thanks for help
Hey there, Slate Gray Barnacle (a0d01c71fcf2) ! I'd love to help with that. :-)
As negrcian mentioned, you don't need to reset your budget each month. Here's how YNAB will help when the month rolls over:
Positive amounts in your categories will roll over into the next month. Negative amounts will not. What happens to those overspending amounts depends on whether the overspending was with cash or credit.
- If cash, that amount will be deducted from To be Budgeted in the new month.
- If credit, the overspent amount will be represented as an increased balance on your credit card account.
You'll also notice all your Budgeted values will be $0. It's a new month, and it's time for a new budget. You can budget category-by-category, or you can use the Quick Budget options on the right-hand sidebar in the web app.
We also have an article about when the month rolls over, so check it out and let me know if you have any other questions!