Ok, this is so dumb, as I'm usually the one trying to give category setup advice, and I know it's totally personal. But I'm curious... how would you people categorize home fitness equipment?? I just went and ordered a home gym, because you know, this time I'm gonna do it, because we have Apple Watches and can try out the fitness apps and I'll just hang clothes on it eventually, but for now...
I'm thinking Appliances & Furniture? Because it probably WILL end up being furniture, but maybe that's just a setup for failure? Entertainment? I doubt it will be very entertaining though.
I have very tightly controlled categories for specific vitamin supplements, "diet" food, and personal care (75% of which ends up being lotions and potions).
Is this going to need some kind of one-off category while I make the payments? Clearly I didn't check a category balance before doing this, so let's not even go there.
Hey, you have payments to make on the gym, so it wasn’t just a one off cash purchase? If so I’d create a TE or “monthly” category and budget for the payments, hide when payed off. And in the interest of trying to get max usage of it before it becomes a furniture I’d name it something like “10 min daily 💪 “ so every time you look at the budget you’ll see a reminder to steal 10 minutes for push-ups. It’s not a lot and shouldn’t feel like a big chore, but small regular usage is key for building habit!
It sounds like it is (a) not insignificant in budget terms and (b) has ongoing payments. As such I'd want it to have its own category until it was fully paid off. After that I would consider moving it into a more general category, which for me would be sports equipment but for you could be whatever you choose.
There's a separate decision as to whether you pull money from 'appliances and furniture' or 'entertainment' but I personally would want a separate category for the home gym whilst it was being paid off so it is easier to see what you really do have to play with each month for your standard categories.
Thanks guys, good feedback. I think I'm gonna install YNAB4 on my newest satellite PC because I know I took Jazzercise for a short time, bought some hand weights, a yoga mat, and an (unused) gym bag, and (unused) new workout clothes. Oh, and I later got a cheap bike on Amazon! I wonder where I categorized all that. Probably towards my own personal Recreation category.
We did have an insane Elliptical, Precor I think, pre-YNAB that was over $4k and sold on Craigslist in 2009. What I bought this time is nowhere near as expensive, no interest, good ol' Easy Pays :). I just need some strength training and bone building exercises. Was a yet to be fulfilled Jan. resolution. I'll get there!
This isn't a YNAB answer, but a suggestion to hopefully help make your purchase worth it. I heard a podcast from a researcher who studies habit building and she said she only lets herself watch a particular show that she really loves while she is working out, so that she wants to work out just to see the show. Maybe that might help you keep it up?
I have a self care mental/physical category that I would probably categorize it as if it were me, but you may not have that category.