Once you reach your Goal?

Okay, so I have a goal category that I was socking away money for each month. Now that I've reached my goal, what do I do with the category? I no longer need to save money for that category. If I delete the category, the system asks that I reassign each earlier transaction.

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  • Just hide it.  This way it is still in your budget (for transaction history) but won't show up in the active category list.

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  • You just leave the category there and stop adding to it. No need to do anything with it. Not sure why anyone would hide a cateogry that has money in it.

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      • Steve
      • sjb
      • 2 wk ago
      • 1
      • Reported - view

      nolesrule Well yeah, but I think he's saying he's DONE with the category and doesn't need it anymore.  Sure if the money is still there you don't want to hide it, but when you're DONE with the category and have spent the money, why would you want to leave it there for future budgeting if you are NEVER going to use it again?

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  • You can definitely hide it but delete any goal you have setup and make sure the available amount is 0 before you hide it.  I just check my budget and I have 4 hidden categories that were temporary for a specific purpose.  

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  • The simplest answer is to do nothing. Start working on your next goal. That money isn't going anywhere.

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    • Aaron Kvarnlov-Leverty If it is something that you've spent from but are no longer going to fund, take any available funds out and hide it.

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  • Ha all, thank you for your replies. So the goal that I completed in January will be "defunded" in February and hidden since that goal is no longer needed. 

    I was hesitant to delete the goal because I assume there are reports that I'll run at the end of the calendar year which will show where my money went over the last 12 months.

    I'm new to YNAB and still getting the hang of it, but I'm finding that it does force me to focus on saving for bills that will come due later in the year - I.e. I don't have as much money as I think I do! lol

    Thanks again.

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      • jenmas
      • jenmas
      • 2 wk ago
      • 3
      • Reported - view

      Mr. Chuck goals and categories are two different things. Deleting a goal has no impact on reporting. Empty categories that are no longer needed can be hidden or repurposed. Hiding a category changes the reporting but doesn’t break it. Deleting a category that ever had an available balance makes a mess that needs to be cleaned up. 

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  • Another piece of the puzzle to consider—you can create a category for saving for something but then spend the money from another category. I have individual categories for various wants for my house, but when I’ve saved up for, say, my chair, I move the money to “Home Shiny.” The chair category is then free to be deleted, renamed...whatever I want because I didn’t spend any money using that category. 

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 2 wk ago
      • 1
      • Reported - view

      Another example is Income Replacement or Emergency Fund. You don't spend from there directly. You move money into the category that describes the actual spending that need the money.

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  • WordTenor   ,   nolesrule  Great ideas to create a category as a "place holder" to establish a monthly goal, then once the goal has been achieved, reassign the funds to a standard category and map the outflow to that standard category. Thank you!

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