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I need to make some bigger purchases from having leftover by being under budget for a few months. Should I add new categories for these? It's 2 purchases of about $500 each.
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Jun 13, 2014 18:58
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peter banana posted:I need to make some bigger purchases from having leftover by being under budget for a few months. Should I add new categories for these? It's 2 purchases of about $500 each. I'd only do it if it's something really different. Like inheriting a house I would create new categories. The house expenses are going to be ongoing into the future. However, if you are just buy a new TV and couch (one time purchases) I'd just shoehorn it into an existing category and move on
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Jun 13, 2014 19:13
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Yeah, for me that would go under Misc. Expenses with a note describing the large purchase. Although maybe just make a catchall "unexpected/irregular large purchases" category that you keep around but don't fund every month, just for ease of tracking.
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Jun 13, 2014 19:18
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Tuyop, could you elaborate? I don't understand a "big buffer category". Are you not using the "next month's budget" option when entering income?
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Jun 13, 2014 19:57
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Old Fart posted:Tuyop, could you elaborate? I don't understand a "big buffer category". Are you not using the "next month's budget" option when entering income? No, we would budget a "buffer" line in month one, empty it in month 2 and distribute it among categories, and then refill the buffer on paydays in month 2. The problem is that we have a buffer every month of 2-3k that can be borrowed from if we're weak.
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Jun 13, 2014 20:02
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That sounds overly complex and less easy to track. And as you said, the money "sitting there" is too tempting. Just get a month ahead, dude. Use your buffer for this month, put all income to next month, and you're done. It's a lot better, I promise. You've come so far, don't go backwards.
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Jun 13, 2014 20:25
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Old Fart posted:That sounds overly complex and less easy to track. And as you said, the money "sitting there" is too tempting. That's the plan, we had a family thing that kind of emptied the coffers but it'll just be a lean month and July will be totally funded. Living within your means is basically the best thing ever.
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Jun 13, 2014 20:50
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Now I'm confused. I guess I misunderstood.
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Jun 13, 2014 21:41
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Wait, toyup, are you putting you paychecks as income for this month, or income for next month? If you have your budget in the green for this month, then start logging it for the following month to "get a month ahead" after you get to a point where the month's budget is paid for on Day 1, start building up an emergency fund in it's own budget item. It sounds like you're paying next month's bills out of a budget item buffer fund, which is kind if inefficient. And as you noted makes it easier to cheat.
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Jun 13, 2014 21:47
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/\/\ yeah I think this'll be much better. Just imagine there was no option to count income for the next month. Instead you could fill a category every month and unfund it the next month to distribute the money to all your other categories. Then you get paid and refill the category. That's how we used our buffer.
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Jun 13, 2014 21:50
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Oh, so I didn't misunderstand. Tuyop, get to step 4 already. If you have the money in savings, just do it.
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Jun 13, 2014 22:48
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tuyop posted:No, we would budget a "buffer" line in month one, empty it in month 2 and distribute it among categories, and then refill the buffer on paydays in month 2. Wtf? Lol. That's weird! Old Fart posted:Oh, so I didn't misunderstand.
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Jun 13, 2014 23:04
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SiGmA_X posted:I did it this month. I don't like seeing savings so much lower :-/
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Jun 14, 2014 00:51
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Your savings are not really lower. Your money is just in different places.
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Jun 14, 2014 16:15
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spwrozek posted:Your savings are not really lower. Your money is just in different places. The best way to get a fuzzy feeling about your nominal wealth is to ignore your individual budget items and look in the summary column on the left. The Budget Accounts item gives you a number for your total "cash" assets, and the All Accounts number factors in your off budget items. Then the money budgeted for next month doesn't seem to "disappear".
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Jun 14, 2014 16:20
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I love that, the total on budget accounts part on the left sidebar. I mean, at it's most basic, it's just your checking minus credit card. It's just nice that it's automatic and on the screen instead of in my head.
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Jun 14, 2014 17:06
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Dantu posted:So basically, the categories are like little virtual accounts, right? I've been getting really hung up on where the money physically is, for example I'd transfer to a savings account and it wouldn't let me assign it to a category unless I moved the savings account off budget, and I'd get frustrated. I had some problems with this. My solution was to make two YNAB accounts (one in-budget and one off-budget) to represent my saving account. This way the sum of the two YNAB accounts equal the balance of the actual bank account. The point of this is that I can transfer my surplus liquidity to the on-budget account and what I budget for savings in the off-budget account. Since the interest on the bank account depends on the balance I would lose interest if I used two bank accounts for this.
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Jun 16, 2014 10:33
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I having been using the trial for about 15 days. Liking it so far. Just noticed it is on sale on steam for 25% off. So It's $45. Tempted to pick it up.
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Jun 20, 2014 01:35
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Gripen5 posted:I having been using the trial for about 15 days. Liking it so far. Just noticed it is on sale on steam for 25% off. So It's $45. Tempted to pick it up. WAIT FOR THE DAILY DEAL. It's the summer sale, never pay the base sale price.
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Jun 20, 2014 02:08
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Gripen5 posted:I having been using the trial for about 15 days. Liking it so far. Just noticed it is on sale on steam for 25% off. So It's $45. Tempted to pick it up.
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Jun 20, 2014 02:46
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SiGmA_X posted:I paid $15 at the start of last summer for it! Hold out a bit. Once you buy it from Steam, you can extract the key, uninstall, and install/register the regular version. This way, you don't have to have Steam wherever you may use it.
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Jun 20, 2014 03:10
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So just keep checking back everyday until its under $20?
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Jun 20, 2014 04:06
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Gripen5 posted:So just keep checking back everyday until its under $20? I believe I got my copy (which I'm using religiously now that I'm out of college; wish I had started sooner) for $15, which is a good deal.
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Jun 20, 2014 05:29
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100 HOGS AGREE posted:You don't even need to do that, you can just run it from the folder. Left of the Dial posted:I believe I got my copy (which I'm using religiously now that I'm out of college; wish I had started sooner) for $15, which is a good deal.
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Jun 20, 2014 05:47
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Crossposting from general BFC thread: You guys knew it was coming:  YNAB for $15 on Steam.And yeah, you can just download the standalone version from the YNAB website and plug in your product key. There is no need to run the program through Steam.
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Jun 26, 2014 18:07
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tuyop posted:Crossposting from general BFC thread: Do you have to install steam to get the product key? It seems like you do. Just didn't want to do it on my work computer if I didn't have to. Edit: Didn't seem like you could. I installed steam. Installed YNAB from steam. Then went to Help -> About where there was a button that said copy key to clipboard. Then opened up my trial copy of YNAB and activated it. Gripen5 fucked around with this message at 20:33 on Jun 26, 2014 |
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Jun 26, 2014 20:06
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Gripen5 posted:Do you have to install steam to get the product key? It seems like you do. Just didn't want to do it on my work computer if I didn't have to.
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Jun 26, 2014 21:07
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You can also buy it in a browser and get the key later from the proper computer if you just don't want to install steam on the computer you're using right now.
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Jun 26, 2014 21:27
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tuyop posted:You can also buy it in a browser and get the key later from the proper computer if you just don't want to install steam on the computer you're using right now. Yeah, I bought it from the browser, just was disappointed I could get the key from it. Kinda silly in retrospect, but I am sure steam wants you to use their platform to encourage you to depend on them and buy all your stuff from them.
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Jun 26, 2014 21:57
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Gripen5 posted:Yeah, I bought it from the browser, just was disappointed I could get the key from it. Kinda silly in retrospect, but I am sure steam wants you to use their platform to encourage you to depend on them and buy all your stuff from them.
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Jun 26, 2014 21:59
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Did the sale end? I see as 25% off @ $44.99 USD. Might be because Im in Aus 
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Jun 27, 2014 02:41
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Suspicious Lump posted:Did the sale end? I see as 25% off @ $44.99 USD. Might be because Im in Aus It looks like its over. Must have been a flash sale. Sorry buddy.
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Jun 27, 2014 03:10
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Yeah it was only eight hours. 
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Jun 27, 2014 03:11
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The upside is that YNAB will probably help you save enough from tracking random purchases in the first 1-3 months to cover it's cost of purchase. I still say go for it.
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Jun 27, 2014 03:15
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It was a flash sale for 8 hours, HOWEVER there's no way it wont be a daily sale so this wasn't the last chance to get it for 15 bucks.
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Jun 27, 2014 03:20
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I bought YNAB in the Steam flash sale, but I'm having a little bit of trouble setting it up. Most of the money I'm living on is a lump sum from a fund for my graduate school my parents cashed out, but I also have a part time job that brings in about 800 a month, so my income isn't really consistent. How can I set up YNAB to take those factors into consideration? Also, is there a way to connect it electronically to my debit card and credit card so I don't have to download transaction reports, or are those the only way to not have to manually enter in every transaction?
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Jun 27, 2014 03:56
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No the purpose is to manually record every transaction you make. It's part of the mantra basically. Also you shouldn't budget the money you dont have, so take the lump sum and budget it out as far as you can go. Spend the hour and watch this and it'll help you out immensely. http://vimeo.com/youneedabudget/review/46219167/5eca795444
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Jun 27, 2014 04:03
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Pinball posted:I bought YNAB in the Steam flash sale, but I'm having a little bit of trouble setting it up. Most of the money I'm living on is a lump sum from a fund for my graduate school my parents cashed out, but I also have a part time job that brings in about 800 a month, so my income isn't really consistent. How can I set up YNAB to take those factors into consideration? Also, is there a way to connect it electronically to my debit card and credit card so I don't have to download transaction reports, or are those the only way to not have to manually enter in every transaction? I recommend the webinars. They're excellent, particularly the ones for existing debt and irregular income, since those are by far the strangest parts of YNAB. But Veskit is right, what you'd want to do is set up a buffer category so you can give all your dollars a job each month without spending all of your cash.
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Jun 27, 2014 04:18
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You can also put the lump sum in an off-budget account, then transfer your monthly needs to an on-budget account and assign it as income.
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Jun 27, 2014 07:00
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Pinball posted:I bought YNAB in the Steam flash sale, but I'm having a little bit of trouble setting it up. Most of the money I'm living on is a lump sum from a fund for my graduate school my parents cashed out, but I also have a part time job that brings in about 800 a month, so my income isn't really consistent. How can I set up YNAB to take those factors into consideration? Also, is there a way to connect it electronically to my debit card and credit card so I don't have to download transaction reports, or are those the only way to not have to manually enter in every transaction?
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Jul 2, 2014 20:45
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