The turn of the month is so important in YNAB that I blog about it pretty much every month. Today, I made a video to show you what happens if you don’t cover overspending and how to go about covering it.
If you move to a new month with red or yellow bubbles in your Available columns, you will either see money taken out of next month’s Ready to Assign or you’ll see your debt increase. (In the case of the latter, you’ll need to assign money directly to your credit-card payment category to avoid paying interest.) The other caution, as I’ve written before, is to pay attention in the first few days of a month to the dates on transactions that come in. If you’re using Direct Import, you may have expenses dated the previous month that can lead to overspent categories that you could miss if you don’t go back to prior months.
YNAB isn’t a “set it and forget it” app. The more involved you are with it, the more you’ll get from it. Paying close attention at the turn of the month is a good example of that.
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