Future transaction and split it to budget
Hi. I've learning to use YNAB and can't understand how to do that: I have future transaction, for example my yearly insurance payment, and usually I split this amount for each month. If my payment 12k, I store every month 1k for this goal.
But YNAB dosn't show for budget future transaction, only for current month.
What is the best way to solve this?
Do you have 12k right now? If so, budget it to your insurance category. If you don't have the 12k right this minute, you don't budget it. This is an envelope budget system, you only budget the money you actually have. So allocate 1k this month to the insurance category (left column). Next month allocate another 1k, etc. The balance will accumulate in the available (right) column. Twelve months from now, you will have 12k saved to pay your insurance.