Accounting for loan Proceeds
I just gave myself a small loan from my savings account and transferred the funds from my savings to my YNAB account. I will pay myself back and would like to know the best way to account for the loan and repayment of the loan. Do record the loan proceeds as income and create a separate budget item for this specific loan? Any help would be appreciated.
I'm assuming from the way you phrased your post, that the savings account you tapped is not one that is an on-budget account in YNAB, and that it is a top priority to you to replace those funds. If my assumption is correct, I think you may find it handy to use a category for saving up the replacement funds. You can set up a goal on that category to remind yourself how much is left to replace the funds you've used.
I use two such categories: one for retirement investing and one for my next car purchase, both categories for which I transfer funds out of my bank account to different higher-yielding investment options.