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