Get To Be Budget and checking to match.

 The to be budget and my checking account in ynab don't match. My real life checking account matches the ynab checking account because I reconcile. How do I get the To Be Budget to match the bank account? 

9replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • If you have only the checking account in YNAB,  sounds like you've already budgeted some money. Once you've budgeted money, To Be Budgeted will no longer match your checking account.

    If you have more than one account it YNAB, To Be Budgeted probably won't match any account.

    Like
  • You shouldn't! Your TBB should be Zero, because you should have allocated all available funds to your categories. Your checking accounts (on YNAB and in real life) match, and that's what counts.

    Get that cash out of TBB and assign it to your categories.

    Like 2
  • Thanks I think I got it. I added up all the left over money and the credit card acct. It came to with in a $100. I can't find that 100 so what I have in to be budget is under whats in the checking account. Am going to move on to budgeting for December. What you think?

    Like
      • Reecemj
      • Blue_Leopard.2
      • 9 mths ago
      • Reported - view

      The reason I wanted the To be budget and Checking acct to match is its the begining of the month. Be I think those accts matcihng does not matter.

      Like
      • WordTenor
      • I have the honor to be your obedient servant
      • WordTenor
      • 9 mths ago
      • Reported - view

      Reecemj If your accounts match the bank then your budget is accurate. 

      The reason TBB won’t match your accounts is that hopefully, you will have money over time which builds. Certainly right when you receive new income, TBB should match that income. But after the initial set up, TBB should never again match your account balances (and most of the time, it should be $0). If it does, you have no money being saved in your budget.

      Like
  • WordTenor said:
    But after the initial set up, TBB should never again match your account balances (and most of the time, it should be $0).

     Got it!

     

    WordTenor said:
    If it does, you have no money being saved in your budget.

     You mean there is money in TTB that needs to be allocated to my categories? 

    Like
      • WordTenor
      • I have the honor to be your obedient servant
      • WordTenor
      • 9 mths ago
      • 1
      • Reported - view

      Reecemj  really simple example. Let’s say you have only one account, and each month, you get paid $1000 exactly on the first of the month. You budget all $1000, so your TBB is $0. Perfect. 

      You've chosen to save 10% of your income for a longer-term goal, so you budget $100 to “Long term goal.” So during the month, you spend the other $900. Your account balance at the end of the month will be $100. Notice that TBB is still $0; the $100 is sitting as “available” in your Long Term Goal category.

      Then you get paid. Your TBB is now $1000, equal to your new pay. But your account balance is $1100, because the $100 you saved last month is still in there. So if your TBB is always equal to your account balance, you don’t have any money being saved in your budget. Eventually, you’ll get to the point where you get new income and the TBB is a tiny fraction of your account balance, because most of the money in your accounts is being saved for expenses beyond this month.

      Like 1
      • Reecemj
      • Blue_Leopard.2
      • 9 mths ago
      • Reported - view

      WordTenor Thanks! I see it in your example. Off to budget December. 

      Like
      • dakinemaui
      • dakinemaui
      • 9 mths ago
      • 1
      • Reported - view

      Reecemj If TBB is not $0 then yes, you need to give jobs to that money, too.

      Like 1
Like Follow
  • 9 mths agoLast active
  • 9Replies
  • 103Views
  • 5 Following