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YNAB support thread (2)

596 replies

HouseofHolbein · 21/05/2024 07:27

Just a continuation of the previous one before it fills up!

OP posts:
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10
EastCoastDweller · 03/07/2026 11:20

@WorthySloth thanks, hope you are having a great holiday.

WorthySloth · 03/07/2026 14:08

I’m currently staying in Romford saw Def Leppard last night and have Metallica tonight and Sunday. Been sightseeing which is amazing.

I’ll post about how I’m working my budget when I am back home if that’s ok 💕

Chatonette · 03/07/2026 14:53

EastCoastDweller · 02/07/2026 16:00

@WorthySloth I'm hoping the rumours of a YNAB demise are wrong. But I'm keenly interested in any paper based system you come up with. Would love to piggy-back on your work.

My bank has introduced a feature called 'pots' which seems to work a bit like a YNAB system only with real money. I haven't looked into it in detail but will do at some point. Monzo has had this as a feature for some time. I really should look into Monzo again as I would like to change banks but it all seems like too much effort. Perhaps I should do it by stealth. Moving savings first etc. I am worrying that I will just end up with a proliferation of accounts and then I will forget where all the money is. This happened with an aged relative. I had to 'assist him with the conduct of his affairs' a phrase used by his solicitor. I think the aged relative had lost one of his current accounts and a savings account which between them held the bulk of his cash and thought he had become very poor. Which theory accounted for a lot of odd behaviour.

@YnabNewbie congratulations. It is really amazing how quickly it works once you get going isn't it?

I am very pleased, in fact things are going so well I am worried I have made mistakes with YNAB. But the money seems to be there in the bank accounts! Definitely I am in a far better position with both my personal and household accounts than I was this time last year, or even six months ago.

I have done a fresh start this month with the personal account. I still feel I haven't got the hang of dealing with the savings and have completely forgotten how I set it up. Also, May/June has been very confusing as I have a small lump sum annual pension payment in June. I could have coped with that but the State Pension (UK) is paid four weekly in arrears (I think), this means that there are 13 payments in a calendar year, with two payments appearing in one month. However you would have to be a lot cleverer than me to work out when this is going to happen as it seems to vary a lot year on year. Also the dates of the month when payments are made are not consistent and seem to reset themselves occasionally and especially after the catch up extra payment arrives. I think that the 13th payment has arrived in May this year but every time I count it it turns out differently. It is also confusing because payment dates are affected by bank holidays. This is not my strong point. I think I will have to wait till August to find out if the extra payment has arrived or is still in the pipeline. At the moment I think it is best to budget on the basis it hasn't arrived. Or possibly the other way round.

Either way I seem to have more money than I thought I had and am feeling very happy with the way things are going.

I'm not going to assign everything at once in the fresh start budget. Shock, horror I know but I'm going to assign the income and expenditure as the month goes on. Then I will have a better idea of where I am at the end.

I tried pots with the feature in Chase and HyperJar, but it meant changing which pot my debit card was attached to before each purchase, which was a faff. I prefer to do the admin at my leisure, eg, in front of the TV in the evening on YNAB after my purchases, versus doing admin in a busy shop with no phone signal right before I’m trying to buy something.

EastCoastDweller · 03/07/2026 15:43

@Chatonette This having to learn a whole new set off stuff relating to managing the bank account pots is a large part of what has put me off. I had another look at Monzo and wondered if I really wanted to put myself through it. There might be other advantages that make it worthwhile. I certainly couldn't cope with making those sort of changes in a shop while trying to pay.

WorthySloth · 06/07/2026 14:49

If anyone is interested I’ll post how I’m trying my budget later. Just on my way home now though 😊

JHound · 06/07/2026 17:03

EastCoastDweller · 02/07/2026 16:00

@WorthySloth I'm hoping the rumours of a YNAB demise are wrong. But I'm keenly interested in any paper based system you come up with. Would love to piggy-back on your work.

My bank has introduced a feature called 'pots' which seems to work a bit like a YNAB system only with real money. I haven't looked into it in detail but will do at some point. Monzo has had this as a feature for some time. I really should look into Monzo again as I would like to change banks but it all seems like too much effort. Perhaps I should do it by stealth. Moving savings first etc. I am worrying that I will just end up with a proliferation of accounts and then I will forget where all the money is. This happened with an aged relative. I had to 'assist him with the conduct of his affairs' a phrase used by his solicitor. I think the aged relative had lost one of his current accounts and a savings account which between them held the bulk of his cash and thought he had become very poor. Which theory accounted for a lot of odd behaviour.

@YnabNewbie congratulations. It is really amazing how quickly it works once you get going isn't it?

I am very pleased, in fact things are going so well I am worried I have made mistakes with YNAB. But the money seems to be there in the bank accounts! Definitely I am in a far better position with both my personal and household accounts than I was this time last year, or even six months ago.

I have done a fresh start this month with the personal account. I still feel I haven't got the hang of dealing with the savings and have completely forgotten how I set it up. Also, May/June has been very confusing as I have a small lump sum annual pension payment in June. I could have coped with that but the State Pension (UK) is paid four weekly in arrears (I think), this means that there are 13 payments in a calendar year, with two payments appearing in one month. However you would have to be a lot cleverer than me to work out when this is going to happen as it seems to vary a lot year on year. Also the dates of the month when payments are made are not consistent and seem to reset themselves occasionally and especially after the catch up extra payment arrives. I think that the 13th payment has arrived in May this year but every time I count it it turns out differently. It is also confusing because payment dates are affected by bank holidays. This is not my strong point. I think I will have to wait till August to find out if the extra payment has arrived or is still in the pipeline. At the moment I think it is best to budget on the basis it hasn't arrived. Or possibly the other way round.

Either way I seem to have more money than I thought I had and am feeling very happy with the way things are going.

I'm not going to assign everything at once in the fresh start budget. Shock, horror I know but I'm going to assign the income and expenditure as the month goes on. Then I will have a better idea of where I am at the end.

Don’t scare me with a YNAB demise! I could potentially manage without it but zero based budgeting is the only type of budget that ever worked for me.

OrangeBlossomsinthesun · 06/07/2026 22:27

JHound · 06/07/2026 17:03

Don’t scare me with a YNAB demise! I could potentially manage without it but zero based budgeting is the only type of budget that ever worked for me.

Same. I would be gutted. But I don't think it's going anywhere, they're just cutting some marketing.

EastCoastDweller · 03/08/2026 16:59

August is here. I have managed to get my YNAB entries up to date. This is progress. I had to make a fresh start on the household budget. Renewing my resolutions to enter expenditure on a daily basis or at the same time as making the purchase. Will save a lot of time hunting around to find out what some obscure payee in Paypal or elsewhere was.

I cannot get the hang of having the savings account in YNAB and making transfers when I spend the savings. I have watched the videos numerous times and can't get my head round it. So I have done what I did on the personal account and ignored the savings accounts. Just made new income to be assigned when I need to use them in real life. Not ideal but it works for me.

I have spent all the household savings anyway so it is not an issue.😂I will revisit it again.

Otherwise, all is looking pretty good. Not ideal but no real problems. I can face the rest of year with out too much fear. But haven't made much progress on the aim to have the major expenses for 2027 provided for. I should have some scope for catching up a bit though.

Last month I reported:

I'm not going to assign everything at once in the fresh start budget. Shock, horror I know but I'm going to assign the income and expenditure as the month goes on. Then I will have a better idea of where I am at the end.

This has worked well so I am continuing this way for August. Maybe an aim for next year will be to use YNAB as it is supposed to be used.

How are we all doing?

WorthySloth · 03/08/2026 20:14

I’ve stopped using it and replaced it with a simple budgeting app and a separate savings app. I’ve paid £2.99 and £1.99 for lifetime no adds and between that and some paper I think I’m ready to give up on YNAB and save myself £100 a year 🤔

HarpQuartet · 03/08/2026 20:39

Ooh, what's that @WorthySloth ?

WorthySloth · 03/08/2026 22:23

These two when they eventually show up 🤣🤣 easy to use no need to subscribe while you give them a go. All subscription really does is remove ads. I’ve found it worthwhile.

I set up my monthly budget categories then I have a separate section for non regular things. Eg we go away a lot and I give myself a spending budget for that and try to keep within it.

YNAB support thread (2)
YNAB support thread (2)
HarpQuartet · 03/08/2026 22:33

Thank you, I'm going to take a look.

EastCoastDweller · 04/08/2026 17:54

@WorthySloth Gosh! I will look into these, thank you. I'll have a think about it next time the YNAB renewal comes along.

I only have an iPad with Apple. The laptop and phone are Windows and Android. They probably have something similar. I'll check if the Apple apps can be used outside of Apple.

RugAndPouffe · 14/08/2026 12:57

I'm coming to join this thread as I'm just about to subscribe to YNAB ahead of an imminent period of change that will make my finances quite complex for the foreseeable. Gulp! Not necessarily unaffordable, but just a lot of plates spinning at the same time and I need c o n t r o l.

I'm going to read the thread and watch some tutorials to figure out the basics.

OrangeBlossomsinthesun · 16/08/2026 15:44

Welcome! I am sure it will help with managing money. It takes a little getting used to but the videos are good when you start.

Chatonette · 16/08/2026 16:06

Yes, welcome! I feel like I’m getting my money’s worth because I have my own budget running, plus my 2 teens track their PT job money on YNAB Together, and I also have a separate budget each for the money I’m saving for their uni. So right now I’m getting 5 budgets with my subscription.

OrangeBlossomsinthesun · 16/08/2026 16:59

Chatonette · 16/08/2026 16:06

Yes, welcome! I feel like I’m getting my money’s worth because I have my own budget running, plus my 2 teens track their PT job money on YNAB Together, and I also have a separate budget each for the money I’m saving for their uni. So right now I’m getting 5 budgets with my subscription.

That´s good value for money.I don´t mind the cost. There is no way I could keep track of my money or cope with the maths of it without so I am happy to pay, I feel I more than get my money´s worth.
I have struggled for YEARS with money (hence using Ynab and starting this thread). Ultimately I just wasn´t earning enough (I was freelance) but things are a bit better now I have a salaried job and a couple of pay rises. Not massive ones but my gross salary has gone up 6k in 3 years. Also had a lump sum this summer from them as the union discovered they´d been underpaying. Got 2800 gross extra and an extra 130 gross each money going forward. Had to use quite a bit of it to pay for some car repairs and refill categories I had empited because we went to a fmaily weddign and I hadn´t been able to budget properly for it in the run up. But I have a bit left to put towards painting the house and fixing a leak. So that´s good.
Still have about 3000 to pay back in loans I had to take a few years ago, one pays off in about 18 months and the other in about 3 years. I am going to have to take another loan for the house repairs because it´s causing a leak into one of the bedrooms but I am hoing it will be about 2000 and I have maybe 500 to put towards it after further expensive car repairs. The bank phoned me recently as I had done a simulation for the loan on the banking app and they said that they would give me a lower rate than the one in the simulator (which is the same rate as I have on my current loans) so I was thinking I might ask for more than I need for the house and then use it bit by bit to pay off part of the exisiting loan.

So, my existing loans are 7.5% so let´s say they gave me a rate of 6% (totally guessing here) then I would take more than I need for the work and then pay off bits of the 7.5% loan. I did this with one of the loans initially, I used some of the 7.5% credit to pay off and get rid of a bank credit card where the interest was 18%. I even told the bank I wanted to do it and the manager told me that was fine, but just to do it in say 3 chunks to not make it so obvious hahahaa.

HarpQuartet · 16/08/2026 18:40

@RugAndPouffe I hope you get as much out of it as I do (peace of mind, control). Just to say, I made an enormous hash of it first time round and ended up with an incorrect figure of ££££ of debt (which I knew was wrong) and the customer service was absolutely brilliant. For a start, they gave me another month free to start again, and helped me through setting up everything correctly. I went to a few of their live webinars too and asked a couple of questions there. This was a couple of years ago, but if they still run them, then that could be helpful.

JHound · 17/08/2026 00:55

RugAndPouffe · 14/08/2026 12:57

I'm coming to join this thread as I'm just about to subscribe to YNAB ahead of an imminent period of change that will make my finances quite complex for the foreseeable. Gulp! Not necessarily unaffordable, but just a lot of plates spinning at the same time and I need c o n t r o l.

I'm going to read the thread and watch some tutorials to figure out the basics.

I think I did one of the live classes when I first started to ensure I understood but honestly I have found it pretty easy. I have been using YNAB for 12 years now and could not imagine my financial life without it!

RugAndPouffe · 17/08/2026 12:14

JHound · 17/08/2026 00:55

I think I did one of the live classes when I first started to ensure I understood but honestly I have found it pretty easy. I have been using YNAB for 12 years now and could not imagine my financial life without it!

@Chatonette , @HarpQuartet , @JHound and @OrangeBlossomsinthesun -thank you! That's quite an endorsement. I've got some big one-off costs and fees relating to a house purchase, two lots of estate management and probate, so suddenly feel like I need to separate things out a bit, as there are now more accounts, more transactions and higher stakes in case I overlook something. I'm away at the moment, but will subscribe once I'm back at my desk with figures to hand.

OrangeBlossomsinthesun · Yesterday 14:10

How[s everyone doing? I have just experimented with changing my target on ym loan repayments to 10 euros more a month than i currently pay. Then ina few months pay a chunk off if I have manage to accrue some

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