Help me understand past months budgets after importing past transactions
Im struggling to get used to the app as I'm used to either doing either cash based budgetting or payable/receivable for work. And I understand YNAB does a mix of both (everything is cash based except credit card where payables/receivables transactions are hidden in the background).
Im doing a fresh start for my budget and reimports 1000s of past transactions.
How am I supposed to handle the "To Be Budgeted" for past months? Shall I readjust it to 0 every past month?
I think my question is more what am I supposed to do after reimporting my past transactions...
Looking forward to your ideas.
I am someone who knows enough to disregard those instructions, but I wouldn't. The value just isn't there (benefit vs. effort).
A YNAB budget is not static, and especially so when starting out. A bunch of analysis up front will be wasted. (This coming from someone who is EXTREMELY analytical by nature! 😆)
If you use a credit card for most things, the year-end summary is plenty on which to base your initial estimates. I would expect most of your categories to be fairly obvious anyway (e.g., rent/mortgage, auto insurance, etc.).