How do I carry over my budget figures to next month?
I took about a 9 month hiatus from YNAN and just recently came back. Iremember that there was a way to carry over the budget to the next month so I don't have to start off with zero in every category and then adjust. I've checked the settings and do not see a way to do this. Am I missing something/
Hi Whereforart !
The option you're looking for is the Quick Budget feature! On the right hand side of your budget, in the web app, you'll see them listed there to auto-fill your budget with the amounts Budgeted Last Month, Spent Last Month, etc.
In the mobile app, this is available by tapping on the lightning bolt symbol. :)
I'm perplexed and frustrated that budgeted amounts don't move to the next month. I get paid at the end of the month, and following the YNAB rules, I give every dollar a job by answering the question "what do I need this money to do before I get paid again?" Consequently, all of my budgeted amounts are visible to me for a day or two, then inconveniently disappear when the month rolls over.
YNAB puts me in an awkward situation. It forces me to budget by month, so I have to look at the previous month to see my budgeted amounts. Yet it promotes the idea that your frequency of pay doesn't matter.
I want to see my budgeted amounts in this month, but I can't just budget it all in the month after I get paid because I still need to spend some of that money in the last couple days of the month in which I am paid. I don't know the exact amounts, and I feel the tool is forcing me into an unnatural framework.
If I were using envelopes, I'd know how much I budgeted when I look at the label on the envelope. The envelope label doesn't change to $0 when the month changes.
About the negative numbers, I said it is fine to have negative in the Budgeted column. But you are talking about negative numbers in the Available column if it's turning red. That is not ok as nolesrule said.
In short, it is ok to take more money out of an envelope than you put in during that month or paycycle. It isn't ok to take more money out of an envelope that it contains in total: that is creating debt.
Can you expand on why you get red flags? Because it normally means you are spending more money than you have available. At best it's only more than you have available in that category, at worst it is more than you have available overall (creating debt).
Tomato Cobra said:
I have discovered that it forces me into a monthly framework, which seems to prevent me from budgeting by pay cycle.
Two thoughts... 1) you don't have to budget across months if you don't feel it is as effective. You can budget all new money into the current month's area whenever you receive it if you like. It will be waiting in next month's Available column to handle any expenses that occur before you're paid again next month.
2) Things get easier once you can budget in sync with your expense recurrence (which is some multiple of monthly for most people). To do that, however, you need to be in a position of not using any of the money you earn this month in this month's budget. That's at odds with my previous thought (#1), so the typical solution is to save up money to fund categories in a one-time transition month and then budget into next month's area thereafter. As before, no splitting across months.