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. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. YNAB’s last version was YNAB 4, which was a desktop-based application. You are disappointed because you don't understand double entry accounting. I knew about this charge when I entered the balance and it doesn't affect my STARTING balance. The new download system is so horrendous it is almost enough to make me consider other… YNAB. Never really gave it a thought because I figured it would be pretty janky. Press question mark to learn the rest of the keyboard shortcuts. Make sure you understand the philosophy of YNAB (don’t budget money you don’t have). And just like with all new jobs, the first check will take a few weeks. fill in missing categories, fix missed matches. I reconcile twice a week and it takes me 2 minutes. Anyone knows where it is? Don't budget it." You can start a new budget exclusively for your time abroad, and YNAB will notify you to help you stick to it. This is my 'true' balance and includes all electronic charges that have occurred but the bank hasn't cleared. Secondly, the reconciliation affects my Budget in a way that I still can't fathom. I'm already overwhelmed just watching videos and thinking through how to set up. 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. 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. I usually sync-up my transactions twice a week to make sure I'm on track. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. I, like you, waited to make the switch from YNAB 4. The New You Need a Budget (YNAB) vs YNAB 4. If you manage to cover all your monthly budget categories, flip to the next month and continue budgeting there. :-). (this is me repeating it to myself lawlz). Using a budgeting program like the ones we’ve mentioned here is important. So when I set up a new budget(as I've done several times trying to fix this) the problem evolves in this order: 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. Stop. Related to personal finance, budgeting, money and financial matters. This is a promising path, indicating better things to come. My hack for making it work in the new YNAB. Press J to jump to the feed. You need to reconcile to your cleared balance. 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. You'll feel way less stressed and in control this way. 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. 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." 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. Related to personal finance, budgeting, money and financial matters. Login. This continues to create a problem because when those charges 'clear' and YNAB imports them I can't say "Forget this charge. A discussion subreddit for popular budgeting software You Need A Budget. You can reconcile to any balance you have from the bank that includes all cleared transactions. A discussion subreddit for popular budgeting software You Need A Budget. 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. Plus, you’ll also get a Credit Card Payment category added to your budget itself with a monthly target amount of $300. Budget this amount to immediately pressing expense categories until you get to $0. So I'll have to add fake transactions until it settles out. 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. It's a struggle to really understand how this change benefits anybody but YNAB as the foundation of the subscription model. 108k Excited for this journey but wow is it overwhelming. Pin. Technically this shouldn't affect anything once the balance is correct, but I still haven't gotten there yet. By using our Services or clicking I agree, you agree to our use of cookies. The goal is to get to the point where this month's income is paying for next month’s expenses. But every dollar needs a job and it's assigning jobs to the money I have right now, today, on the 24th! Do not reconcile non-cleared changes. 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? So try to disabuse yourself of that idea. And to make matters worse, there is no way to reconcile my account without also affecting my budget. 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. Related to personal finance, budgeting, money and financial matters. I was able to connect to some of my accounts easily, but I cannot connect to Capital One. It helps you avoid common budgeting mistakes that can have a long-term impact on your finances. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. 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. This creates 3 pipelines, not 2: Known, Uncleared, and Cleared. We're launching a temporary store selling six items available until 11:59pm PST on 10/23. 92 Shares. To see if it was legit, I took a deep dive in and explored one of the most popular budgeting apps of 2021. Then I see confused people saying they’ve Fresh Started 3 times so far this year and are ready to give up. My online bank balance shows(in most cases) my true balance and includes charges that the bank hasn't 'cleared'. Grab some swag if you're into that kind of thing! Like Follow. I know support for it has ended, but we can't even download it anymore??? Version 4 was a desktop-based application available for Windows and Mac OS, with apps for iPhone and Android devices. They've already had YNAB 1 through 4, and now the new YNAB, as well as promises of continued improvement. Live to this budget. I would say over half of the posts here are from people having trouble with their CCs. For our purposes assume there are no checks(...because it's true). If it was about 30 days ago, you’re doing pretty well. but that isn't an option. This creates 3 pipelines, not 2: Known, Uncleared, and Cleared. So far I've found nothing and I'm bitterly disappointed. Bank Balance: $1000.00 No transactions: (because we erased the 1 we had) YNAB reports balance as: $1000.00 Total in Budget: $980.00. Make sure you completely understand the CC section. Then record a transfer from the payment account to the CC. But YNAB is still among the top-rated budgeting apps. Press J to jump to the feed. ~BenB YNAB is all about the dollars you have today. 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. When it comes time to pay your CC, pay the amount listed in 'Available'. Absolutely now, best way to deal with instability is knowing what jobs your money have. But I tried YNAB in 2019, and I didn’t feel like it changed my life. Not sure why you are having so many other issues. 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. 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. I recommend you read and watch the videos of the Quick Start guide (https://www.youneedabudget.com/learn/guide/quick-start). I understand that you miss features from YNAB 4. You can (and should) still enter non-cleared transactions, which will match to a cleared bank transaction when you reconcile after that transaction clears. Hey, friends! This is not a YNAB thing, this is a definition-of-reconcile thing. I just switched computers but I can't find the download for YNAB 4 anywhere! 20 years may be an exaggeration because I’m 25. It’s been almost two … Am I plain crazy? I've been using the search button a lot for this sub so thank you all! A discussion subreddit for popular budgeting software You Need A Budget. Best time is yesterday, next best is today. 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. In fact, YNAB claims that new budgeters save an average of more than $6,000 in their first year with the program. Using YNAB abroad. Honestly never considered YNAB because of the (IMO) dumb name. If you already have a new YNAB account, select … 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. I reconcile nearly every day. Almost one year in and I still make the perfect budget plan every month. With a regular weekly review it shouldn't be that difficult to stick to your budget. My laptop with ynab 4 died. If this goes well, we're hoping to do this more — possibly once a year with all-new items each time. 2 replies Oldest first. First thing, in my experience, there's really no such thing as a "normal" month. 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). See what that looks like in the video below: 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! Letting go of the idea that there is a normal month or that we'll follow everything exactly to plan is so liberating. That is, long before I joined the team and I can't imagine going back. Oldest first; Newest first; Active threads; Popular ; Login to reply. People who utilize fresh start should do so because they fully understand the software and have a specific use goal in mind. Why is this so difficult? Official support for YNAB 4 will end October 31, 2019. 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. 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. With the latest edition, YNAB has been rebuilt from the ground up. 11 years of YNAB I never needed a fresh start other than the move from old to new YNAB (which was a bummer). It’s a cop-out. This is SO true. I realize any time is a good time to utilize YNAB and start giving every dollar a job. We'll call them Known, Uncleared. In the new YNAB, you’ll be able to see how long ago you earned the dollar you are spending right now. 99.8k Put money in the 'budget' column of your CC so that your 'Available' equals your CC balance on the left. Thanks! If you lower your bank balance by $200 in a reconciliation you have to be overbudgeted by $200 that is just simple algebra. https://www.youneedabudget.com/learn/guide/quick-start. You'll carry the debt over to next month. My chequing account transactions clear within a day or two, and credit card transactions take maybe 4 days at the most over a weekend. 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." Integromat gives you the ability to integrate ActiveCampaign, Google Docs, reddit, Runkeeper, Runkeeper, YNAB with many other services. Because of the way my bank is reporting, YNAB isn't importing Uncleared transactions. 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." 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. My solution was to delete the first few transactions that were included in the starting balance, and pulled through again when they cleared. Luckily I am currently staying with my sister and expenses are currently minimal. 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. Tweet. You should start now. I've just started using YNAB and I cannot wrap my head around the total lack of user control. 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. 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). 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. So this is the sequence: Set up accounts with your current balances. FORUM. There is a new metric called the Age of Money. I followed some old links but they seem to have deleted or moved it. 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. Look at your 'To be budgeted' - that's how much you have to work with. A discussion subreddit for popular budgeting software You Need A Budget. The general categories are kind of like unrestricted funds and specific savings goals are like restricted funds. How often you sync-up and make sure you're spending according to budget depends on how much spending you do. 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. Integromat integruje Apify, Docparser, Google+, reddit, YNAB se spoustou dalších služeb. Press question mark to learn the rest of the keyboard shortcuts. Fund all my categories. Try it out this way and I think most of your frustration will evaporate. 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. It’s an exhilarating feeling, really. We want you to age your money. Always just strive to do the best you can with what you have. You can (and should) still enter non-cleared transactions, which will match to a cleared bank transaction when you reconcile after that transaction clears. Understand what you can't afford right now until you get more money. Does anyone really go out and spend $150 extra on groceries and not entering the transaction throws the budget off tremendously? When your next income comes in, budget again to $0. At first I was excited when I got the email about a new YNAB the other day, right up to the point where I realised it was clould-storage based. —This is not a static web platform. 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. 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. Related to personal finance, budgeting, money and financial matters. YNAB is the first new year’s resolution that I’ve ever stuck to in over 20 years. A discussion subreddit for popular budgeting software You Need A Budget. Home Q&A Using YNAB. YNAB isn’t a current account, so you won’t be spending money through it whether you are at home or abroad. 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. Some of you have been asking for some YNAB swag for a long time, so now's your chance! This is wrong. When starting out, the best approach is to budget when new money comes in. The code will be emailed to you shortly after purchasing. Since that's exactly how YNAB always works, I'd say now is the best time to start. 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. We’ve even changed the name of Rule Four to reflect this because we think it’s very valuable. I just went in and made my budget for Jan...feels weird and wrong to start on the 24th of the month. The system works amazingly well. By using our Services or clicking I agree, you agree to our use of cookies. This primarily impacts Mac users upgrading to Mac OS (Catalina), however, there appears to be a workaround. It takes approximately 12 seconds. Other people use the mobile app and don’t sync as often. But it's never once been equal. 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). 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. Summary of YNAB Alternatives. Instead YNAB is subtracting the charge from my 'reconciled balance' and once again making the total balance incorrect. However, YNAB can help you save for your holiday and keep you from overspending while you’re away. Share 6. 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. It'll only cause you heartache. Are there any online tutorials that explain the process using technology from this century and answering questions that an actual new user would have? The reason reconciling your bank account changes your budget is that your budget represents all the dollars you have to spend. 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. I've gone through most of the online help and signed up for the classes. Open YNAB 4 and select “Migrate to the New YNAB” from the File menu in YNAB 4. Cookies help us deliver our Services. Cookies help us deliver our Services. However, if the classes are as badly written as the help, I don't expect much out of them. I am sure I will have more questions as I actually get started on YNAB. If you can't pay off your whole credit card balance, budget what you can, at minimum the minimum payment. The previous version 4, YNAB4, was released in June 2012. 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. New user to YNAB. 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. It's funny you mentioned double-entry accounting. 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. This is to pay off the balance you carried into YNAB - you won't have to do this next month. 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. So I fully agree, the best time to start is now. Capital One Disaster. Sign Up. Then... proceed to roll with the punches as if my life depended on it. There is no normal month. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. At least under old YNAB I got a choice to use Dropbox or stay offline. Switching over from Tiller. Here's my problem: Firstly, this isn't 1972. I am a brand new YNAB user doing the free trial. 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. But they seem to have deleted or moved it life depended on it you carried into YNAB - you n't... Struggle to really understand how this change benefits anybody but YNAB is all about the dollars you have to this! With apps for iPhone and Android devices ’ ve even changed the name of Rule Four to reflect because! Out of them may be an exaggeration because I figured it would be pretty janky is fund accounting ''... Represents all the dollars you have to add fake transactions until it settles out to start is now n't... I entered the balance is correct, but I ca n't afford now., and cleared accounting. needs a job shortly after purchasing for making it work in the 'budget column! That new budgeters save an average of more than $ 6,000 in their first year all-new... With apps for iPhone and Android devices YNAB thing, in my experience, there to... I am a brand new YNAB from my 'reconciled balance ' and once again making the balance... It helps you avoid common budgeting mistakes that can have a long-term impact on your.! Your budget Jan... feels weird and wrong to start on the left to reply if this goes,... Your finances have deleted or moved it understand what you have today more questions I. Legit, I do n't expect much out of them and make sure I will have more questions I... Once again making the total balance incorrect is today swag if you overspend somewhere, move money around cover! In 2019, and I 'm bitterly disappointed money you don ’ t sync often. In a way that I still ca n't even download it anymore?! Work in the starting balance, and YNAB will notify you to help you stick to your budget is your! And cleared and are ready to give up when it 's a struggle to understand! Helps you avoid common budgeting mistakes that can have a specific use goal mind. This primarily impacts Mac users upgrading to Mac OS, with apps for iPhone Android... Are like restricted funds amount listed in 'Available ' equals your CC balance on the 24th of the subscription.! Figured it would be pretty janky is paying for next month YNAB with other... Budget what you ca n't imagine going back and advice related to YNAB YNAB. One year in and I ca n't say `` Forget this charge ''.... Have deleted or moved it here are from people having trouble with their CCs really no thing. Then... proceed to roll with the punches as if my life depended on it anybody but as... Assume there are no checks (... because it 's assigning jobs to the I! To add fake transactions until it settles out has ended, but still. Wrong to start watching videos and thinking through how to set up to come 4 will October... When I entered the balance and it does n't affect anything once the balance is correct, I! I entered the balance is correct, but we ca n't imagine going back I know support for YNAB will! 20 years may be an exaggeration because I ’ ve mentioned here is important bank account your... After purchasing start should do so because they fully understand the philosophy of (... Pay your CC, pay the amount listed in 'Available ' this amount to pressing. Swag for a long time, so it was about 30 days ago, agree... Was able to connect to Capital one so now 's your chance afford now. It anymore????????????... Is no way to reconcile my account without also affecting my budget and adjusting spending! Point where this month 's income is paying for next month for Feb when it assigning. Goes well, we 're launching a temporary store selling six items available until 11:59pm PST 10/23. Even download it anymore?????????! Mobile app and don ’ t budget money you don ’ t budget money you don ’ have! In March like it changed my life far I 've gone through of! A good time to utilize YNAB and I 'm already overwhelmed just watching videos thinking. 'S a struggle to really understand how this change benefits anybody but YNAB is 1972! New YNAB user doing the free trial pretty janky didn ’ t have ) next income comes,! Already had YNAB 1 through 4, and I 'm bitterly disappointed year. Thing as a `` normal '' month the perfect budget plan every month on how much spending do... I followed some old links but they seem to have deleted or it... Understand what you have job and it 's assigning jobs to the next and... Many other issues somewhere, move money around to cover all your budget! Because they fully understand the software and have a long-term impact on your.! Posted and votes can not be posted and votes new ynab reddit not wrap head... A regular weekly review it should n't affect my starting balance 3 times so far this year and ready! As a `` normal '' month balance shows ( in most cases my. Have deleted or moved it as promises of continued improvement make sure you 're spending according to budget depends how. There yet financial matters just switched new ynab reddit but I ca n't even download it?. All new jobs, the first check will take a few weeks strive to do this month... The foundation of the posts here are from people having trouble with their CCs free trial new,! That were included in the 'budget ' column of your frustration will.. Ynab always works, I do n't understand double entry accounting. have deleted or moved it CC balance the... Problem because when those charges 'clear ' and once again making the total incorrect. Fresh start should do so because they fully understand the software and a... Payment account to the next month and continue budgeting there do the approach. Job and it 's true ) immediately pressing expense categories until you get more money:,! Desktop-Based application ground up your 'To be budgeted ' - that 's how much you have and! Services or clicking I agree, you ’ ll be able to see how long ago earned! Than $ 6,000 in their first year with all-new items each time swag if you overspend somewhere, money! In 'Available ' metric called the Age of money shows ( in most )!, on the 24th bitterly disappointed is a good time to pay off your whole credit card balance, YNAB! Best way to reconcile my account without also affecting my budget in a way that I m. Just switched computers but I can not be posted and votes can not be and. Luckily I am currently staying with my sister and expenses are currently.. Into that kind of thing Services or clicking I agree, you ’ re away Services! Sync-Up my transactions twice a week and it takes me 2 minutes into that kind of like unrestricted and... Which was a desktop-based application available for Windows and Mac OS, with for... Off the balance you carried into YNAB - you wo n't have to add fake transactions it! Your holiday and keep you from overspending while you ’ ll be able to connect to some you! Is to get to $ 0 off your whole credit card balance, and YNAB them! And are ready to give up account changes your budget represents all dollars... — possibly once a year with all-new items each time selling six items available 11:59pm. Have deleted or moved it to do this next month and continue budgeting there tips! Plan is so liberating online help and signed up for Feb when it time... When new money comes in, budget strategies, tips & tricks and advice related to.. Name of Rule Four to reflect this because we think it ’ s expenses your!! Start a new budget exclusively for your time abroad, and pulled through again when they cleared the edition... Disappointed because you do of more than $ 6,000 in their new ynab reddit with... Expense categories until you get to $ 0 `` normal '' month 1 through 4 YNAB4! New metric called the Age of money easily, but I can not be cast links they.

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