Category: Getting Started
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Entering transfers in YNAB
It can be a little confusing when you transfer money from one account to another in YNAB. The difficulty comes in when you’ve imported a transaction that has the Payee already entered and it asks for a category. But the thing to remember about transfers is that they don’t require a category. When you click…
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Some places to trim the budget
When I work with clients to set up a new budget, we start with their budget template, deciding on the categories and category groups for their new budget. Then we add targets (sometimes we add categories and targets at the same time). The last step is to link their accounts and assign the money they…
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Entering a credit card payment in YNAB
The way YNAB handles credit cards is part of its magic. But for people just getting started actually entering the payment can be a little confusing. I made a little video to show how to do it. The easiest way is to use Record Payment in the credit card account. It will automatically populate the…
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Easily overlooked categories
When you’re setting up your budget for the first time, it’s a great practice to brainstorm all the categories you can think of and add them to your budget. The fact is, no matter how complete you try to be, you’ll inevitably have expenses come up that you didn’t think of. I took a look…
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Give EVERY dollar a job, including savings
Rule One of YNAB is Give Every Dollar a Job. And that means every dollar in every on-budget account. Even savings accounts. We’re accustomed to thinking of savings accounts as something important everyone should have. And that’s true. But “savings” isn’t really a job. By all means, have a savings account, especially if it’s an…
