Goals & WAM-ing
YNABer for a little over a year. I just started using goals in earnest. I thought I understood them, but am struggling with this concept.
I have the majority of my categories setup as Monthly Contribution amounts, because I want to add to those categories and keep building up the value if I don't spend it. However, I want if I actually budgeted the amount to consider the goal as met, even if I move money out of the category to WAM because I'm rolling with the punches. Is there a way to do this?
Dining Out Monthly Contribution Goal: $169.13
I overspent on groceries this month (hello COVID-19) by $63.31, but instead of using my next paycheck to cover that overspending (like I usually do), I want to use the money in my dining out category to cover it. So I move the money. But now, it says I've underfunded my goal, even though I actually did EXACTLY what I wanted to.
Is my best bet to actually remove my goals once I budget them out each month? I am planning on reassessing the majority of my goals every month, so this might not be terrible, but want to make sure I'm not missing something.
I actually think you don’t need to change anything at all. Your goal was to fund X amount to your Dining Out category a month, unfortunately you weren’t able to because some of the money had to be used for Groceries instead. The goal is correctly highlighting the fact that in the end you weren’t able to fund your Dining Out category properly.
Did you meet your Dining Out funding aspirations this month? Well no, you didn’t.
Does it suck? Sure.
Is it a problem? For you, you mention you made the conscious choice to use that money somewhere where the need was greater and you are comfortable with that decision, so it’s not a problem.
Do you need to do anything else? No, YNAB is just highlighting the goal wasn’t achieved. That’s fine, you don’t need to fix it up - let it go / ignore the warning (it is only a warning after all) this month and next month start anew.