Similar to my post on the old YNAB forum. This category is where Mint and YNAB begin to differentiate themselves. Now I get it! Did you read the blog post I linked to earlier? I just like understanding. What am I missing out by not having it be on budget? Any on budget account is counted towards your budget. It's not bad - just the math that supports Rule #3. But I'm still trying to figure out the status of the $1,000 in my savings account right now. Thanks for making me think about it again. You probably have multiple accounts to track, and if you are married, you have various people spending and earning money. As soon as you realize that ALL categories are savings, this ceases to be a problem (or a need). I've always found this odd. Is my understanding correct, or is there another way to view the breakdown I've described with the savings on-budget? You'll get most of the features you need in budget software, like automatic categories, bank synchronization, and informative graphs. After that, I transfer X to the Savings account (no category allowed, but it has already been taken care of.). In a month where you don't spend anything from a Loss of Income/Medical category, there is no activity so the categories would not be represented in the chart. WordTenor  Duh! While we all know that the best practice for saving is to just look at the budget screen, and that savings accounts should be on budget as explained above, the current solution (which we should keep) does set aside the ability to see a graphic representation of the budgetary, saving decisions. I'm new, and this thread has been extremely clarifying. This could be an interesting thing for toolkit people to play with, kind of like the "Balance Over Time" report - it's interesting to look at, but I don't really see a purpose. I have 3 savings accounts on budget and each and every dollar has a job. Showing a negative value to illustrate a shortage seems intuitive. One that would simply fill in nominal values and then not nag you after reallocation. What are the pros/cons of savings accounts as budget or tracking? But don't tie yourself in knots making sure that the balance in your savings account equals the balance in a specific grouping of categories. Early on, I would find it useful to contrast my expressed priorities with my habits so that I can better align my budget to reflect reality or align my habits with my priorities. This sounds like a complicated approach. Ivory Stallion Long ago, I suggested a Template goal type to YNAB. Again, I'm still less than a month in so we have different perspectives here. so my budget accounts it will still look like spending. I understand now why savings are kept on-budget but I have one hang up. This is great if you have more than one savings account or credit card. If a criminal cleans out Account A, I like knowing that I have immediate access to uncompromised Account B at a different institution. They aren't interchangeable though! nolesrule If it were a new saving objective then I might just create a new category reclassify some of the transactions. I mean the budget entries completely reflect your priorities and (eventual) outflow and timeline. What's important for savings is how much money was budgeted and remains available in the given timeframe. Figure out the purpose of the money and all will become clear. Because I wasn't funded on my true expenses yet, I was unable to completely fund my categories to where I wanted them. With two accounts, a Savings and Checking account, there is the added hassle of moving money from Savings to Checking. Can I somehow set $1000 as the goal for that budget category and say that it has been filled? Thank you so much. Assuming the Forgotten Stuff category is flagged as a savings category, $80 would show on the report because  $80 is the amount available in savings. It's possible that what I'm looking for would be better incorporated as a Toolkit Report. All I can come up with for a "job" for these funds is UNKNOWN. It would be, as an increase in the spending category that you moved funds to compensate for - let's say Groceries. With its main focus being budget first, spend later – you'll still need to play around with your budget before you can set-it … Those who pay this price can benefit from YNAB’s many features. If you don't need those benefits, then you are absolutely correct that one only needs one account, because your categories sequester the money for you. With these goals in mind, users then connect their checking, savings, and credit card accounts, develop a budget and goals for their money, and track their finances as they go. The Relationship Between Your Budget & Your Accounts: It’s Complicated. No interest, no late fees, … But the other reality is that the money has a reason for being in the savings account. You are probably already funding savings categories based on a target balance or a monthly contribution amount. Best practice is described above: budget savings, use savings accounts on budget, and separate categories from accounts. YNAB’s method teaches you to give every dollar a job, and that includes your savings dollars—pretty much the opposite of letting your dollars lounge around in a cushy savings account without purpose. All savings is done by putting money in categories in the budget. I see that the funds entering my checking account go to TBB from which I assign X to the Savings category. If I move $100 from the available balance of the rainy day fund to cover overspending elsewhere, then the Allocation chart for the month should continue to show 0, not -100. It doesn't seem like you have much use of an emergency fund, so maybe you don't even need it. What Rule 2 means is to break down your non-immediate expenses, the money you wouldn't necessarily keep in a checking account, and budget the money into categories. That's not a problem. YNAB's primary mission, as you might expect, is to help you curb overspending and avoid living from paycheck to paycheck. Sudden house repairs? It might be the right fit for you. Coming clean, I've only been using YNAB <1 month so my views could change. nolesrule Thank you! Because I'm not trying accounts to categories, I just pay it from checking. And it can be argued thatYNAB shines here because helping you budget is its stated mission and gets greater emphasis. That's why savings accounts are Budget Accounts-- you'll give each of your savings dollars a job, too. How will it change your behavior in away that managing your budget does not? I could be missing something but there should be little "spending" from savings accounts. :). One caveat is that the number reported for available savings should always be positive. What insight would you gain that might induce you to do something different than you do at present? I've had the money saved up for months but don't plan to do the replacement until March. You Need A Budget - or YNAB for short - is personal finance software that allows users to manage their funds without needing access to months of historical data. Is it your loss of income pot? A Budget Account is one that you will spend money from in the near future (usually within the next year or two). Tracking Accounts hold money you don't plan to spend soon, such as investments, or loans you're paying down. I can't figure out how to do this, Maroon Drum Good! Bottom line is that the current reports are all based on spending, and if you try to game the system by putting savings off-budget to include them in the spending reports, not only are you creating a lot of extra work for you, but those same reports still won't quite be accurate and will get messed up when it's time to use the money. YNAB was perfect for fitting all the puzzle pieces together tightly to avoid waste and maximize priorities. I get it now, thanks! How would I show that account balance growing unless I transfer the funds? The way I use YNAB, I'm never "spending" from my savings categories, and if there are no transactions then those funds are totally omitted from the reports. Even denoting it as previously saved money that had a change of priority seems really complex. Not for job loss (I'm retired, with a guaranteed income for life); I rent: landlord pays water, heat and air, fixes whatever breaks, replaces appliances, etc. The suggested report surfaces the impact of my spending on my savings. This would filter out available funds from previous months and only show what you've saved during the current period, side by side with what you spent across your non-savings categories. I agree; although, I don't think the idea is contrary to the YNAB methodology either since the Spending report already reflects your category groups are percentages. This math does not make sense to me. And, the available column alone shows what's remaining in your spending categories. I’ve tried different … I suppose the success of YNAB comes from being prepared for dollar amounts in specific jobs, not percentages of income in specific jobs. Move Light Sound Life said, "Working towards a normalized budget will help you feel like you can confidently fund those categories sufficiently.". Another way to represent that could be using a two-layer pie chart, where one ring shows budgeted proportions, while the other compares shows spending activity and available savings. Handling credit cards and debts with YNAB is … In the basic version, transaction details have to be entered manually, while the automated … © The report should compare what the user budgeted with what they truly did as a snapshot in time. It seems that most people don't read or think about where their statistics come from (as evidenced by the people concerned with AOM), so I want to make sure the ideas are cohesive and not misleading before I submit. That $1,000 will sit in your Emergency Fund until the day comes when you need it. whatever. 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