Anyone interested in a YNAB chat/support thread?

[OrangeBlossomsinthesun]

Hi,

I wondered if anyone was interested in a YNAb thread to chat about progress and help each other. I've just started the trial period a couple of weeks ago and, although it's quite a steep learning curve I'm really impressed with it.
I'm freelance so it's important for me to track money and be prepared for fallow periods. I had a thread here with some great advice. I'll add it as there are some good links www.mumsnet.com/Talk/legal_money_matters/4327812-YNAB-help-for-a-freelancer?watched=1&msgid=110514876#110514876

Anyone up for some YNAB chat/support?

I've just spent a bit of time this morning tweaking my categories as I've realised I haven't been allowing enough money for diesel and I need a bigger pot for when we go away. I've got mays bills pretty covered and I get paid on Friday so I'm going to do all my expenses for May then top up my pots for irregular expenses.

I got hit with a bill for a tax credits over payment. Wiped out my emergency fund but tbh I have money in pots to cover most things so it's not as worrying as it might have been.

I'm finding I'm considering my priorities for spending more than I did - I really know what I want to spend money on and where I can cut back 😊

Forgot to add I get paid every 4 weeks so my next pay will comfortably cover Junes expenses before the start of the month 😊

Very nice @HouseofHolbein

Tbh without YNAB I think I would have panicked when the bill came in. As it was I could pay it straight off then work out how to slowly build my funds back up.

Well done @HouseofHolbein .

I had to pay a bill of £2800 last week. I paid it by Paypal, so it didn't go through for several days (they front the money to the vendor so that they can use the slowest bank transfer which makes it cheaper for them). With YNAB I didn't have to worry about remembering it was gone and working out what I had left.

Rule 3: “Roll With the Punches”! 👍

I have my self-employment stuff set up within my usual YNAB budget because It's a very small amount of transactions with minimal expenses. If it was an actual business with lots of expenses I would use accountancy software. I'm only paying tax because it's on top of my day job.

If anyone is on the £10 a day threads you'll know the sort of things I do. 😅

It's pay day so I just got up early so I can assign my money 🤣🤣 been looking forward to this all week!

I just went to edit a target and noticed that targets have changed! I still need to get my head around how it works now but it seems that they have simplified them and added a refill option.

Have the actual amounts changed? I’ve heard that they’re ‘renaming’ the target categories or goals that you select, when you choose what type of goal you’re saving for.

Yes, it's the way that targets are named that have changed, and I think there are fewer. As far as I can see, there are now only two target types unless you choose a custom timeframe, "set aside another" and "refill up to". In custom, there's also "have a balance of" for longer-term savings. I think "refill up to" is the big change, as I know a lot of people wanted that to be added.

Yes, these are the old ones

Won't let me watch thread so placemarking

I'm glad they have renamed targets because the old ones were confusing to a lot of people.

Don't think that's the case on the app is it? I very rarely use the laptop to view it as it's ancient and rubbish 😊

Depends if you have automatic updates enabled I guess. I don't and I rarely use the app so can't say on that one!

That's me too!! And I get paid on Thurs & get maintenance on Fri so that's two lots of assigning money every week

I’m also a long termer.

i now also have chase savings pots. So my general expenses are in my current account aka ynab, things like pet insurance, costs for dd, bills etc.

then I put food money into my chase current account

then I have chase savings pots (you can have 10) with sinking funds eg holiday, vet bills, water bill , car savings , £1k of emergency savings

and I’ve also just started premium bonds which is where I plan to build up longer term emergency funds. I’m doing it on what I spend without saving per month, so essentially my income minus what I currently save. Have a princely sum of £75 here atm!!

@Countrylife2002 I use chase too. My main current account has just bills and regular payments going out. I have a chase current account for groceries and fun money. I have savings pots including a holding account which has my future regular expenses in which are set to transfer across to the current accounts at the start of each month.

I know that with YNAB you should only need one account but I feel happier doing it this way.

I also haven't linked my bank accounts this time. I feel more accountable spending some time adding transactions on manually.

Anyway. Is everyone getting ready for may? I'm looking forward to having some spending money again 🤣🤣

omg help!

i thought it might be fun to link my bank account, so i did that, and the amounts went out of sync as I’ve already allocated accounts. So now I’ve unlinked. And when I reconcile the balance it doesn’t seem to take into account all my allocations so have too much money. Help!
Is there a way of resetting it back to what it was yesterday?

the only solution I can think of is to set up a new budget and I really don’t want to. All these years and I’ve wrecked it , currently not usable !

for eg, if bank account is £100, it shows my ynab account balance as £100, whereas with all my allocated pots it should actually be 20?

can anyone resolve this ?

Arg think I’ve got it back to a usable state not quite right but should be able to rebalance eventually!!

I did similar with Revolut up to recently as I felt it was more untouchable that way, but I'm mostly just using categories for savings pots now.

I linked my account but nothing happened?