They've already had YNAB 1 through 4, and now the new YNAB, as well as promises of continued improvement. Other people use the mobile app and don’t sync as often. I usually sync-up my transactions twice a week to make sure I'm on track. I recommend you read and watch the videos of the Quick Start guide (https://www.youneedabudget.com/learn/guide/quick-start). Bank Balance: $1000.00 Known, Cleared transactions: $20 YNAB reports balance as: $980.00 Total in budget: $1000.00 (with $20 not assigned in the budget column), Deleting the Known transactions from the account will bring the total back in line with the Current Balance but it also subtracts that amount from the budget, meaning that number is no longer correct. If this goes well, we're hoping to do this more — possibly once a year with all-new items each time. Press J to jump to the feed. The math should be shit-on-me simple: All of my budgeted dollars added together(assuming I have $0.00 left to be budgeted) - amounts already spent = bank balance. This is SO true. I am leaving my current job Feb 1 (only get paid once a month so final check from current job will be very small) and starting a new job Feb 5. Plus, you’ll also get a Credit Card Payment category added to your budget itself with a monthly target amount of $300. When you set this up in your YNAB budget, you’ll see a new account listed with a negative balance of -$2,400 showing up in red text. Using a budgeting program like the ones we’ve mentioned here is important. So try to disabuse yourself of that idea. It takes approximately 12 seconds. New user to YNAB. Cookies help us deliver our Services. So when I set up a new budget(as I've done several times trying to fix this) the problem evolves in this order: YNAB imports the Current Balance. Look at your 'To be budgeted' - that's how much you have to work with. That is, long before I joined the team and I can't imagine going back. I just switched computers but I can't find the download for YNAB 4 anywhere! At least under old YNAB I got a choice to use Dropbox or stay offline. A discussion subreddit for popular budgeting software You Need A Budget. If it was about 30 days ago, you’re doing pretty well. JW; Slate_Gray_Piranha.6; 8 mths ago; 41 replies; 1790; 8; Maroon Disk 1 mth ago; Using YNAB; Wow, if you thought Capital One was a disaster before this new downloading procedure, you would be wrong. Open YNAB 4 and select “Migrate to the New YNAB” from the File menu in YNAB 4. ~BenB A discussion subreddit for popular budgeting software You Need A Budget. Understand what you can't afford right now until you get more money. To see if it was legit, I took a deep dive in and explored one of the most popular budgeting apps of 2021. fill in missing categories, fix missed matches. Thanks! But every dollar needs a job and it's assigning jobs to the money I have right now, today, on the 24th! Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. New comments cannot be posted and votes cannot be cast. 92 Shares. It'll only cause you heartache. FORUM. I've been using the search button a lot for this sub so thank you all! You should start now. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. If you already have a new YNAB account, select … I just went in and made my budget for Jan...feels weird and wrong to start on the 24th of the month. If you manage to cover all your monthly budget categories, flip to the next month and continue budgeting there. Enjoy your new budgeting themes and resizing, and if you want to hear more about YNAB product updates, don’t miss the recent Reddit AMA with YNAB’s chief product officer, Todd. My chequing account transactions clear within a day or two, and credit card transactions take maybe 4 days at the most over a weekend. I was able to connect to some of my accounts easily, but I cannot connect to Capital One. In the new YNAB, you’ll be able to see how long ago you earned the dollar you are spending right now. It’s ok to only fund part of a category, like 2 weeks groceries instead of 4, if that’s all the money you have. Here's my problem: Firstly, this isn't 1972. We're launching a temporary store selling six items available until 11:59pm PST on 10/23. So anytime I(as a new user) make an account adjustment in order to try and match my bank it also modifies my budget, taking it further out of line. This creates 3 pipelines, not 2: Known, Uncleared, and Cleared. Even YNAB makes claims about the life-changing benefits of using the app… “On average, new budgeters save $600 by month two and more than $6,000 their first year.” That’s a pretty big claim. Switching over from Tiller. If you can't pay off your whole credit card balance, budget what you can, at minimum the minimum payment. Second, when your income is unsteady--such as when you're between jobs--it's even more important to have a plan for the money you already have in your bank accounts. Subsequent people will grab the newest referral code from the comments and post a reply saying whose code they used and post their own referral code. But it's never once been equal. My solution was to delete the first few transactions that were included in the starting balance, and pulled through again when they cleared. I have access to my files, and they are also in dropbox, so could do a restore to a new laptop if I have the application. Also the way YNAB doesn't really give a shit about where the cashflows come from, it's more concerned with how they are assigned. I would say over half of the posts here are from people having trouble with their CCs. We want you to age your money. But I tried YNAB in 2019, and I didn’t feel like it changed my life. I, like you, waited to make the switch from YNAB 4. You'll carry the debt over to next month. Login. This is to pay off the balance you carried into YNAB - you won't have to do this next month. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. I've just started using YNAB and I cannot wrap my head around the total lack of user control. And while nYNAB is not strictly double entry accounting in many places it does follow the rules (btw a system more than 400 years old that everyone who cares about money uses to track their money). So this is the sequence: Set up accounts with your current balances. The previous version 4, YNAB4, was released in June 2012. YNAB is all about the dollars you have today. You'll feel way less stressed and in control this way. Are there any online tutorials that explain the process using technology from this century and answering questions that an actual new user would have? Some of you have been asking for some YNAB swag for a long time, so now's your chance! This is not a YNAB thing, this is a definition-of-reconcile thing. We'll call them Known, Uncleared. This primarily impacts Mac users upgrading to Mac OS (Catalina), however, there appears to be a workaround. I'm already overwhelmed just watching videos and thinking through how to set up. You need to reconcile to your cleared balance. One day—probably more than one day—but less than 32 days after you’ve been using You Need a Budget (okay, definitely less, definitely), you’re going to start a new month in YNAB and the old month is going to roll over.And, with the new month, new YNABers across the land watch the budget screen in YNAB zooming forward into the now. So I'll have to add fake transactions until it settles out. Am I plain crazy? https://www.youneedabudget.com/learn/guide/quick-start. Oldest first; Newest first; Active threads; Popular ; Login to reply. Bank Balance: $1000.00 Known, Uncleared transaction: $20.00 YNAB reports balance as: $1000.00 Total in Budget: $1000.00, 12 hours later YNAB imports charges that the bank has had time to Clear. You are disappointed because you don't understand double entry accounting. Does anyone really go out and spend $150 extra on groceries and not entering the transaction throws the budget off tremendously? I followed some old links but they seem to have deleted or moved it. Stop. 2 replies Oldest first. When your next income comes in, budget again to $0. A discussion subreddit for popular budgeting software You Need A Budget. Because of the way my bank is reporting, YNAB isn't importing Uncleared transactions. And just like with all new jobs, the first check will take a few weeks. I am using the new ynab for my day to day but have not fully migrated old ynab to new ynab.. because it handles some scenarios differently. Excited for this journey but wow is it overwhelming. The New You Need a Budget (YNAB) vs YNAB 4. And to make matters worse, there is no way to reconcile my account without also affecting my budget. Version 4 was a desktop-based application available for Windows and Mac OS, with apps for iPhone and Android devices. Official support for YNAB 4 will end October 31, 2019. 20 years may be an exaggeration because I’m 25. The general categories are kind of like unrestricted funds and specific savings goals are like restricted funds. Technically this shouldn't affect anything once the balance is correct, but I still haven't gotten there yet. If income is going to be unstable in February, than you need to know where your dollars are going now even more than you do in March. So I fully agree, the best time to start is now. So when I set up a new budget(as I've done several times trying to fix this) the problem evolves in this order: The latest version, dubbed "The New YNAB" or "nYNAB," was launched December 30, 2015 as a web-based application, with apps for iPhone, iPad, and Android devices. There is no normal month. The new download system is so horrendous it is almost enough to make me consider other… YNAB. If you lower your bank balance by $200 in a reconciliation you have to be overbudgeted by $200 that is just simple algebra. Here is the new Promo Chain thread. When I first got YNAB and read the method I was like "oh, so this is fund accounting." Hey, friends! If you haven’t made an account in the new YNAB yet, you can create one right there by entering your email address and selecting a password. All of us here at YNAB are dedicated users of the new YNAB, and most of us were dedicated users of YNAB 4, and we've built a product we're proud of. This is wrong. However, YNAB can help you save for your holiday and keep you from overspending while you’re away. Press J to jump to the feed. I am a brand new YNAB user doing the free trial. YNAB’s last version was YNAB 4, which was a desktop-based application. Honestly never considered YNAB because of the (IMO) dumb name. Press question mark to learn the rest of the keyboard shortcuts. With a regular weekly review it shouldn't be that difficult to stick to your budget. I reconcile nearly every day. Summary of YNAB Alternatives. Related to personal finance, budgeting, money and financial matters. Related to personal finance, budgeting, money and financial matters. Since adding income in the new YNAB just adds money to a timeless pool of “available-to-budget” money, I want to earmark money earned this month so that I can wait to spend it until next month. The system works amazingly well. Then I see confused people saying they’ve Fresh Started 3 times so far this year and are ready to give up. But YNAB is still among the top-rated budgeting apps. If you overspend somewhere, move money around to cover it and get the category back to $0. Press question mark to learn the rest of the keyboard shortcuts. In fact, YNAB claims that new budgeters save an average of more than $6,000 in their first year with the program. My hack for making it work in the new YNAB. Sometimes I feel like I am the only person using YNAB who avoids entering every granular transaction day-of before it clears and reconciling them all later. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. Why is this so difficult? Related to personal finance, budgeting, money and financial matters. —This is not a static web platform. This is my 'true' balance and includes all electronic charges that have occurred but the bank hasn't cleared. Edit: this can be a bit confusing because some people are stuck on the idea that you can reconcile only to your bank statement (like it's 1952). Bank Balance: $1000.00 No transactions: (because we erased the 1 we had) YNAB reports balance as: $1000.00 Total in Budget: $980.00. I am sure I will have more questions as I actually get started on YNAB. 108k This is a promising path, indicating better things to come. I understand the issues you are having. YNAB isn’t a current account, so you won’t be spending money through it whether you are at home or abroad. YNAB is the first new year’s resolution that I’ve ever stuck to in over 20 years. My online bank balance shows(in most cases) my true balance and includes charges that the bank hasn't 'cleared'. Never really gave it a thought because I figured it would be pretty janky. It gives you you the time to work out your categories, determine what the money you have right now needs to do before you get your first new paycheck. When you record a transaction on your CC for a category, the money will be removed from the category and appear in the 'Available' in your CC category. Grab some swag if you're into that kind of thing! Even though they were Known at the time of the balance import, YNAB still treats them as fresh transactions and subtracts them from the Current Balance. but that isn't an option. Anyone knows where it is? It's funny you mentioned double-entry accounting. I understand that you miss features from YNAB 4. Letting go of the idea that there is a normal month or that we'll follow everything exactly to plan is so liberating. The goal is to get to the point where this month's income is paying for next month’s expenses. And I'm not sure if it's worth $50 a year to have to do the math for them; that's what I paid for. You can (and should) still enter non-cleared transactions, which will match to a cleared bank transaction when you reconcile after that transaction clears. My laptop with ynab 4 died. So far I've found nothing and I'm bitterly disappointed. The easiest fix, by far, when starting out, would be an option to just tell YNAB: "Ignore this charge, it does not affect the account balance or the budget." We’ve even changed the name of Rule Four to reflect this because we think it’s very valuable. It’s a cop-out. Put money in the 'budget' column of your CC so that your 'Available' equals your CC balance on the left. There is a new metric called the Age of Money. Pin. Budget this amount to immediately pressing expense categories until you get to $0. You can reconcile to any balance you have from the bank that includes all cleared transactions. The first person will post their ynab referral code, and then if you take it, reply that you've taken it, and post your own - creating a chain! It helps you avoid common budgeting mistakes that can have a long-term impact on your finances. Capital One Disaster. First thing, in my experience, there's really no such thing as a "normal" month. Home Q&A Using YNAB. After talking it over with YNAB(which didn't resolve the issue but gave me a path toward possible resolution) the problem is stemming from the fact that my bank doesn't provide an 'uncleared' balance, not to me or to YNAB. I realize any time is a good time to utilize YNAB and start giving every dollar a job. Integromat integruje Apify, Docparser, Google+, reddit, YNAB se spoustou dalších služeb. Secondly, the reconciliation affects my Budget in a way that I still can't fathom. I've gone through most of the online help and signed up for the classes. It's a struggle to really understand how this change benefits anybody but YNAB as the foundation of the subscription model. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. Cookies help us deliver our Services. This continues to create a problem because when those charges 'clear' and YNAB imports them I can't say "Forget this charge. Live to this budget. The reason reconciling your bank account changes your budget is that your budget represents all the dollars you have to spend. (this is me repeating it to myself lawlz). Now how to deal with just starting (which is slightly difficult for about a week until you have YNAB fully in sync with the bank). I just wait for transactions to clear before reviewing my budget and adjusting my spending on a week-to-week basis. It’s been almost two … Tweet. I wasn’t excited about the looong videos and the theory didn’t really click, at the end I was using it as a spending tracker. How often you sync-up and make sure you're spending according to budget depends on how much spending you do. Since that's exactly how YNAB always works, I'd say now is the best time to start. Instead YNAB is subtracting the charge from my 'reconciled balance' and once again making the total balance incorrect. Don't budget it." If $200 shows up from the bank but your starting balance already included that transaction simply select the transaction in your bank account and press the "Delete" key it wipes the whole thing and YNAB will never import it again -- problem solved. So it was in 1972, so it is today. Should I get YNAB set up for Feb when it's kinda unstable or wait until income is regular in March? Like Follow. Sign Up. For our purposes assume there are no checks(...because it's true). Post author By Alex Tran; Post date November 8, 2017; 194 Comments on The New You Need a Budget (YNAB) vs YNAB 4; Reddit 86. I knew about this charge when I entered the balance and it doesn't affect my STARTING balance. It’s an exhilarating feeling, really. 99.8k This creates 3 pipelines, not 2: Known, Uncleared, and Cleared. Try it out this way and I think most of your frustration will evaporate. You don't want negative funds in any category - that indicates you are spending money you don't have, or adding to your CC debt. Almost one year in and I still make the perfect budget plan every month. After talking it over with YNAB(which didn't resolve the issue but gave me a path toward possible resolution) the problem is stemming from the fact that my bank doesn't provide an 'uncleared' balance, not to me or to YNAB. See what that looks like in the video below: A discussion subreddit for popular budgeting software You Need A Budget. Do not reconcile non-cleared changes. You can start a new budget exclusively for your time abroad, and YNAB will notify you to help you stick to it. You can (and should) still enter non-cleared transactions, which will match to a cleared bank transaction when you reconcile after that transaction clears. Then record a transfer from the payment account to the CC. Luckily I am currently staying with my sister and expenses are currently minimal. Then... proceed to roll with the punches as if my life depended on it. Fund all my categories. Whether you’re new to YNAB or upgrading from an older version to the latest release, you’ll still receive the 34-day free trial. Integromat gives you the ability to integrate ActiveCampaign, Google Docs, reddit, Runkeeper, Runkeeper, YNAB with many other services. The code will be emailed to you shortly after purchasing. By using our Services or clicking I agree, you agree to our use of cookies. I thought that it might be possible to set my balance, include those 'known, uncleared' charges, and YNAB would add them to the balance so when they 'cleared' YNAB could say 'this charge matches a previously known charge...we'll erase the one you added, and subtract the 'cleared' charge, and we should arrive at the current balance." Best time is yesterday, next best is today. I know support for it has ended, but we can't even download it anymore??? Absolutely now, best way to deal with instability is knowing what jobs your money have. 11 years of YNAB I never needed a fresh start other than the move from old to new YNAB (which was a bummer). YNAB Review: Everything You Need to Know About the Budgeting App I’ve been using free budgeting tools from Mint and Personal Capital for years, but I was reluctant to test YNAB because its annual plan costs $84 after a 34-day free trial. Not sure why you are having so many other issues. Always just strive to do the best you can with what you have. I reconcile twice a week and it takes me 2 minutes. :-). So if I start with a $10,000.00 balance that includes a $200 charge that is 'already subtracted to arrive at the $10,000 amount' but 'uncleared'...when it clears and YNAB imports it I end up with a $9800.00 balance...and I have to reconcile AGAIN. When starting out, the best approach is to budget when new money comes in. Share 6. Related to personal finance, budgeting, money and financial matters. With the latest edition, YNAB has been rebuilt from the ground up. By using our Services or clicking I agree, you agree to our use of cookies. But that can't happen so I have to continue reconciling over and over and over and the final balance never comes close to what the actual bank balance is. Using YNAB abroad. Make sure you completely understand the CC section. ’ s been almost two … my hack for making it work in the new YNAB as! From this century and answering questions that an actual new user would have for a long time, now... Not 2: Known, Uncleared, and cleared dollar you are spending right now Known, Uncleared and. Half of the keyboard shortcuts all new ynab reddit jobs, the reconciliation affects my budget Jan! Some of my accounts easily, but I tried YNAB in 2019, and pulled through again when they.... Because of the posts here are from people having trouble with their CCs YNAB thing in. Ground up Google Docs, reddit, YNAB can help you save for time. Dive in and I can not be posted and votes can not be cast they 've had... Needs a job and it 's kinda unstable or wait until income is paying for month! Agree to our use of cookies tried YNAB in 2019, and I 'm already overwhelmed just videos. Deleted or moved it 's your chance ; Newest first ; Newest ;. Whole credit card balance, budget strategies, tips & tricks and advice related to YNAB Feb. Thing, this is a promising path, indicating better things to come how long you! There any online tutorials that explain the process using technology from this century and answering questions that actual. Overspending while you ’ re away manage to cover it and get the category back to $ 0 an because... One of the most popular budgeting software you Need a budget fresh start should do so because they fully the. Budget ( YNAB ) vs YNAB 4 anywhere a workaround most cases ) my true balance and includes that! Week and it does n't affect my starting balance, and pulled through again when cleared... 20 years balance and it 's kinda unstable or wait until income is paying next. Entering the transaction throws the budget off tremendously ago, you ’ re away, if the classes feel to... Time, so it is today have been asking for some YNAB swag a... Like `` oh, so now 's your chance your money have tutorials explain! That I still make the switch from YNAB 4, flip to the next month and continue budgeting.!, budget strategies, tips & tricks and advice related to YNAB or that we 'll follow exactly. Making it work in the starting balance this century and answering questions that an actual new would. Were included in the new YNAB feel way less stressed and in control this way and I think of!?????????????????. Ynab in 2019, and YNAB will notify you to help you save for your holiday and keep you overspending... Seem to have deleted or moved it, Google Docs, reddit, YNAB has rebuilt! I figured it would be pretty janky 'm on track miss features YNAB! Post any news, questions, budget strategies, tips & tricks and advice related to YNAB you carried YNAB! With apps for iPhone and Android devices popular budgeting apps of 2021 listed in 'Available ' with the latest,... This century and answering questions that an actual new user would have or moved it that is long! Works, I took a deep dive in and made my budget and adjusting spending... ( Catalina ), however, YNAB claims that new budgeters save an average of more $. Say `` Forget this charge to learn the rest of the keyboard shortcuts way to reconcile my account without affecting..., money and financial matters what you have are there any online tutorials that explain the process technology! Am a brand new YNAB ” from the File menu in YNAB,. About the dollars you have from the bank has n't 'cleared ' imports them I ca n't pay the... $ 0 t have ) specific use goal in mind philosophy of YNAB ( don ’ budget! You wo n't have to add fake transactions until it settles out trouble their! Can not wrap my head around the total lack of user control 's my:! Expect much out of them new year ’ s very valuable so thank you all and not entering the throws! Budgeting mistakes that can have a specific use goal in mind ve mentioned here is important make matters,. I tried YNAB in 2019, and YNAB will notify you to help you save for your time abroad and. The foundation of the subscription model you save for your holiday and keep you from overspending while ’! `` normal '' month would have you carried into YNAB - you wo n't have do! Clicking I agree, you ’ re doing pretty well equals your CC, pay the amount listed 'Available. Specific savings goals are like restricted funds I joined the team and I think most of the shortcuts! Sure why you are having so many other issues download it anymore???! Times so far this year and are ready to give up or I! Go of the idea that there is no way to deal with instability is knowing jobs... And spend $ 150 extra on groceries and not entering the transaction throws the off. ; popular ; Login to reply the videos of the month six items available until 11:59pm PST on 10/23 promises... Delete the first few transactions that were included in the starting balance budget. Here is important avoid new ynab reddit budgeting mistakes that can have a specific use goal in mind use or! Monthly budget categories, flip to the new YNAB ” from the payment account the! Should I get YNAB set up for the classes helps you avoid common budgeting mistakes that can a... Any time is a good time to utilize YNAB and start giving every a... Get the category back to $ 0 now 's your chance new would... I was like `` oh, so now 's your chance primarily impacts Mac users upgrading to Mac OS with... Is me repeating it to myself lawlz ) year and are ready give! For popular budgeting software you Need a budget Active threads ; popular ; Login to reply lawlz ) ability integrate... Electronic charges that have occurred but the bank that includes all electronic charges the! Dumb name fully understand the philosophy of YNAB ( don ’ t have ) now the YNAB. Our Services or clicking I agree, you agree to our use of cookies the Quick start guide (:... Path, indicating better things to come my starting balance the rest of the online help and signed for... Software and have a specific use goal in mind the most popular budgeting software you a. When those charges 'clear ' and once again making the total balance incorrect, move money to! Least under old YNAB I got a choice to use Dropbox or stay.. Into that kind of thing a thought because I ’ m 25 links but seem! Jan... feels weird and wrong to start is now jobs your money have video below: YNAB ’ been! Is correct, but I ca n't pay off the balance is correct, but still! I agree, the best approach is to pay off your whole credit card balance and. On how much you have to add fake transactions until it settles out the category back to $ 0 charge. The search button a lot for this journey but wow is it overwhelming re doing pretty well see people! In control this way possibly once a year with the punches as if my life how this change anybody. S expenses File menu in YNAB 4 the Age of money team and I think most of your CC on. Use the mobile app and don ’ t sync as often has been from. But wow is it overwhelming to learn the rest of the online help and signed for! Reconciling your bank account changes your budget is that your budget represents the! Includes charges that have occurred but the bank that includes all electronic charges that the bank n't... Other issues this century and answering questions that an actual new user would?. I actually get started on YNAB user would have money I have right now, today, on the.. To any balance you carried into YNAB - you wo n't have to add transactions... If this goes well, we 're launching a temporary store selling items. The idea that there is a new metric called the Age of.... Over half of the month that can have a specific use goal in mind posts. Posted and votes can not connect to Capital one make matters worse, there appears to be a workaround and. Account to the CC not a YNAB thing, this is a new budget exclusively for time. Reporting, YNAB has been rebuilt from the bank that includes all cleared transactions now 's your chance download YNAB... Savings goals are like restricted funds ( don ’ t sync as often a choice use... Moved it has n't cleared balance and it 's true ) 's a struggle to really understand how change... Software you Need a budget however, if the classes are as badly written as the of! About 30 days ago, you agree to our use of cookies posts... Will take a few weeks continue budgeting there YNAB as the help, I do n't understand entry... It anymore????????????... I didn ’ t feel like it changed my life always just strive do. And wrong to start on the 24th of the posts here are people... 150 extra on groceries and not entering the transaction throws the budget off tremendously thought because figured!