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YNAB support thread (2)

539 replies

HouseofHolbein · 21/05/2024 07:27

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

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Happierwithouthim · 27/07/2024 17:30

I've these plus one more group called subscriptions!

YNAB support thread (2)
Didsomeonesaydogs · 28/07/2024 08:28

Happierwithouthim · 27/07/2024 10:47

I'm changing to monthly pay and going to revise my categories then too.

For animal food that goes in my cleaning products/animals category but I also have a category for cats and one for dog. All animal expenses are going into one category

I've been putting sanitary protection under cleaning, I might make my health & beauty category personal expenses or something like that & dd has a category for hair care I might change that to something else and put hers in there

All insurances have separate categories not sure what to do with that and I've separate categories for lots of different subscriptions I might have my subscriptions and children's subscriptions or household subscriptions going forward

What do you guys have?

My sanpro goes in my “toiletries and grooming” category (which also covers haircuts and such) within my “needs” category group. I also have a “health” category which is for supplements and medications. “Household” is for stuff like bleach, laundry liquid, and loo roll.

Pets have their own category group. Within that their 8 categories are separated into things like food, vets, grooming, insurance, dog walker, and other expenses (like if I have to buy the rabbits a new carpet mat!)

My subscriptions are grouped together in one category.

I have 55 categories in total. I could talk categories all day! 😂

OrangeBlossomsinthesun · 28/07/2024 09:15

QueenMabby · 27/07/2024 12:03

I have soooo many categories! Fewer for day to day spending: Groceries, Leisure, Travel, Health, Household, Cash, Misc. Where I put things can be a bit fluid. San Pro is normally just groceries, but if I buy it in Boots at the same time as getting cough medicine or anti-histamines then I put it as Health and don't split the category. If I buy anti-histamines at the supermarket with the weekly shop then they are Groceries. I'm not clinical about it.

All insurances are separate (one house and 3x car) but car MOTs are all in one category as are Services.

I have just condensed all our separate mobile phone categories into one though as we're all with the same provider and I kept forgetting which ones had already come out and then one category would be overspent and the rest underspent!

We're currently on holiday so all our spending is just coming out of our general "holiday" fund and I'm being very good at keeping on top of flagging them different colours for each category.

I have a holiday fund and found it helpful to just whack everything for the holiday there and it's good now after the holiday as it's easy to see how much the whole thing cost so I can budget for next year.

QueenMabby · 28/07/2024 09:48

Yes @OrangeBlossomsinthesun that's what I'm hoping for too. Within the holiday fund spending I've flagged each transaction a different colour to mark groceries, meals/drinks out, sightseeing costs and travel etc to break it down a bit. In reality we're whacking everything on our "holiday" credit card and will pay it off from our holiday fund once we get back as our holiday fund is in a savings account with no card.

QueenMabby · 28/07/2024 09:54

Edit:

My transactions look like this:

YNAB support thread (2)
QueenMabby · 28/07/2024 09:56

Edit again <sigh> I've just noticed one yellow flag that should be green. Have fixed that. Can't do with my categories being out!!

HouseofHolbein · 28/07/2024 10:21

I've just reconciled my accounts ready for getting paid on 31/7 and loads of bills going out 1/8. Quite satisfying.

I don't break my categories down as much as some of you are doing... I don't think I need that level of analysis.

Although I have added a separate eating out category to my socialising one...

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Happierwithouthim · 28/07/2024 10:26

I'm thinking that the categorising will help me with moving to monthly budgeting I'll be able to see what I've spent each month over the last year

I do holidays similarly transfer the money to revolut before going and only spend from that don't go over budget and my current account doesn't have loads of currency transactions, revolut then categorises the spends for me.

QueenMabby · 28/07/2024 10:55

I'm very pleased to have about £180 left this month. As we're not back from holiday until the early part of August this money will remain unspent.

Shall I let it tick over to reduce allocation for next month in those categories or sweep it into one of my wish farm categories? None of those have any money in yet....

BertieBotts · 28/07/2024 12:34

Wish farm all the way! Or emergency fund, if you haven't got one.

BTW with the extra clothing, sunscreen etc - it would be useful to tag all of these and then after the holiday, work out the amount spent here and add that amount to next year's holiday fund as "pre-holiday spends" or so on.

WRT categories I've had a couple of big shake ups over the time I've been using YNAB and at first I wanted to break everything down. Over time I've found it's more useful to combine categories where possible. I only break out a category onto its own line for the following reasons.

  • Very different spending patterns - e.g. I separated out teenager clothes from younger kids' clothes. Because without this, I would go into clothing shops and happily spend the whole budget on cute tiny things and then the teenager would have a growth spurt and want a new wardrobe all at once, so I halved it and put it into each. That means that his tends to build up until he's got €100 or so in there and then he goes and spends it all at once. Whereas for the younger kids, I spend €10 here and there and fritter it in little bits as and when I see things I like for them.
  • Ringfencing funds - if I want money to be kept separate and not spent on whatever else the category covers.
  • Track spending - when we're trying not to go over a certain max spend e.g. McDonalds Grin or if I want to see how much something costs us on average e.g. DH's vaping stuff.
  • Direct debits - these all get their own category. Occasionally something gets wrapped into one e.g. for the kids' nursery, it technically comes out as two payments, but since they are both monthly and fixed I just have the one category, it doesn't make sense to have two. Anything less often than monthly (quarterly, yearly) has its own category. It gets too complicated to try and fund otherwise.
  • Save-to-spend categories (like Christmas, birthdays, holidays, wish farm etc)

I have master categories for:

  • Basic survival essentials (rent, utilities, food, medical)
  • Income creating/protecting (childcare, adult clothing, public transport)
  • Child-related expenses which aren't in one of the above
  • Financial-related stuff (debts, fees, fines, insurance)
  • Car-related costs
  • Luxuries/fun stuff
  • Personal Luxuries (pocket money, individual funds, gift money which has come in as a transfer before the actual birthday/Christmas)
  • Savings
I like the car, child, and income-creating stuff to be separated out - hard to explain why - it helps me see (and therefore, appreciate!) these as lifestyle choices we have made, rather than just incidental costs of living that we didn't have any choice in if that makes sense?

(Income creating is "this is absolutely necessary in order to keep a job, but arguably a luxury otherwise".)

If you use the web version on Chrome, the Toolkit for YNAB extension is good as it gives you extra reports which I like. I often use the spending by payee one which helps divide categories down further. At the end of the year I do a little run down and comparison with the previous year :D

QueenMabby · 28/07/2024 15:15

That's interesting @BertieBotts. We definitely had a heavy run up to holiday on clothing and toiletries. Too late to tag them now but it's a good idea for next time.

We do have an emergency fund already so wish farm it is!

We're currently saving for a very big family holiday next year so historically any extra money has been saved into that pot. We are on target though so I may wish farm this little bit.

HouseofHolbein · 31/07/2024 08:39

Pay day today! Was doing a night shift so as soon as the money hit my account I allocated it all 🤣🤣

September is now fully funded. Started on October.

One odd thing tho. Everything is funded and green up to and including September. My accounts all agree with the YNAB balances. But when I look at October it has a red banner across the top saying I've allocated £28 more than I have. I've taken £28 that I've allocated into October to balance it but then when I look at earlier months I have £28 RTA. I've tried different ways.

Anyway I've just shoved the £28 into one of my savings categories and hope it sorts itself out.

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QueenMabby · 31/07/2024 12:20

Mine did that once and it was because I had an overspent category in the current month. YNAB appears to "borrow" the money from the furthest out month that you've budgeted in.

This is the reason I don't budget more than the month after the one I'm in - it just gets too fiddly for me!

HouseofHolbein · 31/07/2024 16:39

I've unallocated all my money and reassigned it. Still the same. So I'm ignoring the red because I really can't see what's happened and I don't want to start the budget again

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BertieBotts · 01/08/2024 23:45

Check your credit card category, any hidden categories, and check for overspending in previous months. Can you click back through the months one by one? At some point, the £28 will disappear and that's probably the month something has happened in.

If all else fails though it's no issue to just un-allocate it somewhere and move on - YNAB will self-correct by removing money from or adding to ready to assign if necessary. Just make sure Ready To Assign stays at 0 in the latest/current month.

HouseofHolbein · 02/08/2024 09:23

It's odd because there is no overspend this month or September but there is in October. But if I take £28 out of a category on October to fix the overspend then I'm left with £28 tin RTA in the current month!

I have no credit card in fact no debt apart from mortgage which I don't track on there and my actual bank balances agree with the YNAB ones. I think I'm going to have to see it as an annoying quirk until I work it out 🤣🤣

OP posts:
HouseofHolbein · 02/08/2024 09:35

@BertieBotts thank you! I've just gone in and deleted all my hidden categories and it's solved it! No idea how as they were all showing zero but hey ho it's sorted 😊

Thanks again I've been racking my brain for ages about that 🤣🤣

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BertieBotts · 02/08/2024 09:53

Haha hidden categories are always the culprit!

PositiveDays · 05/08/2024 10:39

Just signed up to ynab & on their free trial. So glad I've found this thread for support.

Happierwithouthim · 05/08/2024 15:02

Welcome positivedays ask any questions you want

QueenMabby · 05/08/2024 16:48

Yes welcome @PositiveDays. I've only had YNAB since May but love it already!

PositiveDays · 07/08/2024 14:17

Thank you for the welcome. How long does Ynab take to sync with the bank after you've done shopping? I'm currently manually entering shopping because if I don't do it asap the grocery category shows I still have that money when I've already spent it. I'm worried that the bank transaction will appear a few days later and then I'll have to deal with the same transaction again which is double work. Is there a work around?

PositiveDays · 07/08/2024 14:20

Also what category do people put random one off purchases like a car seat? I currently have it sat in my Miscellaneous category but it's bugging me there

BertieBotts · 07/08/2024 14:51

I have a category for baby expenses, and put car seats in there, and any other stuff like buggies, stair gates, baby cups, changing mat when ours wore out etc. However I have hidden it now that the youngest are nearly 6 and nearly 3. I will at some point need to buy a second HBB - I am undecided whether I'll unhide the category and then hide it again, or whether I'll categorise it under "Household essential" or even maybe "Car maintenance"? (Currently all that goes in here is car washes and screen wash, as we lease the car! But I am thinking that I could expand it to cover any car-related spending that is not petrol.)

OrangeBlossomsinthesun · 07/08/2024 14:51

I have "things I forgot" but it's the same as miscellaneous really.