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TraderStav posted:I have a separate category called "To be reimbursed" and put the charge in there. Then I set the remaining (negative) balance to be carried forward to the next month where I mark the corresponding income as "To be reimbursed" to offset it as if it never happened. Essentially taking it out of the budget but tracking the dollars. This is essentially the same thing I did with girlfriend expenses. I pay the $200 grocery bill, say on the 5th of the month , but she will pay me back $100 at the end of the month (when we reconcile our bills). I don't want to take $200 out of my grocery budget, so I split the expense, $100 into grocery, $100 into the "girlfriend" fund. Essentially the same thing but without the split for you, Karthe. And like TraderStav said, you want to carry the (negative) balance forward so it doesn't affect your next months income / budget. It will show negative for the next month, but once you receive it, it goes away. To your income point, you can split inflow and outflow amounts. So when you get your paycheck in April, that is earmarked for May, you split it in YNAB, putting the reimbursable amount into the 'Reimbursable" category like TraderStav does, and the rest goes into May income. That will zero out your negative balance in the 'Reimbursable' category, and put your normal income into May.
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Mar 26, 2015 23:35
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Dustoph posted:To your income point, you can split inflow and outflow amounts. So when you get your paycheck in April, that is earmarked for May, you split it in YNAB, putting the reimbursable amount into the 'Reimbursable" category like TraderStav does, and the rest goes into May income. That will zero out your negative balance in the 'Reimbursable' category, and put your normal income into May.
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Mar 27, 2015 00:11
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Karthe posted:So YNAB will know to go back and retroactively apply inflows to certain categories? I just don't want any visible red negative-balances on the Budget screen for those categories (I don't even budget for them because I know they'll zero out) when I've already been reimbursed.
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Mar 27, 2015 00:13
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TraderStav posted:I have a separate category called "To be reimbursed" and put the charge in there. Then I set the remaining (negative) balance to be carried forward to the next month where I mark the corresponding income as "To be reimbursed" to offset it as if it never happened. Essentially taking it out of the budget but tracking the dollars. This is the exact way YNAB recommends you do it, and it works well.
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Mar 27, 2015 02:45
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I do the same for work expenses. Having those red numbers on my budget reminds me to sort out the reimbursements out with the finance department.
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Mar 27, 2015 08:49
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Karthe posted:I have a question about reimbursements and Rule 4: if I make a reimbursable purchase in March and I receive the reimbursement in April's first paycheck that gets sent to May's budget, how do I split that paycheck so that the reimbursement amount gets applied to March's reimbursement category that I used for the purchase? You can split income transactions to multiple categories if you assign a dollar amount to each split. With your income deposit, take your normal paycheck amount and mark it Income for May. Take the reimbursement amount and mark it Income for April. Budget the income from the reimbursement to the reimbursement category. Take the negative balance you have for March in the reimbursement category, click on it and select "Subtract it from next month's category balance (->)" to make it a carry forward item. The reimbursement expense carried forward will not affect your available total for April, and the income in April will balance the expense from March.
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Mar 27, 2015 14:57
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I need some helping wrapping my head around this. Okay, so the Pebble Time Kickstarter just ended and I got charged my pledge amount. I transferred money from one of my bank accounts into my checking to pay for it (both literally and within YNAB). Now, how do I get this transfer to reflect on my budget if I can't mark it as inflow into the category I'm using for gadgets? Right now I've made the transfer in YNAB but the Budget view still shows the pledge amount as a negative balance for that category. I don't want this to affect April's budget, but it's displayed as "Overspent in March" and is throwing my numbers off.
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Mar 29, 2015 23:48
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Karthe posted:I need some helping wrapping my head around this. Okay, so the Pebble Time Kickstarter just ended and I got charged my pledge amount. I transferred money from one of my bank accounts into my checking to pay for it (both literally and within YNAB). Now, how do I get this transfer to reflect on my budget if I can't mark it as inflow into the category I'm using for gadgets? Right now I've made the transfer in YNAB but the Budget view still shows the pledge amount as a negative balance for that category. I don't want this to affect April's budget, but it's displayed as "Overspent in March" and is throwing my numbers off. Transfers never affect your budget. Your budget is a total of all your money, it doesn't matter how much is in one account or another. If you have a negative balance for the category, you need to increase the budget for it to equal what was spent. If you previously budgeted all of your dollars, then you will need to steal money from another category to pay for it. This is the being flexible rule.
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Mar 30, 2015 01:56
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Dustoph posted:Transfers never affect your budget. Your budget is a total of all your money, it doesn't matter how much is in one account or another. If you have a negative balance for the category, you need to increase the budget for it to equal what was spent. If you previously budgeted all of your dollars, then you will need to steal money from another category to pay for it. This is the being flexible rule.
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Mar 30, 2015 07:27
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Karthe posted:Oh, I see what was wrong with my setup: my "temporary savings" account that I wanted to withdraw from to pay for the Pebble was an "on-budget" account so I had ended up budgeting everything in it as well. I just made that account off-budget and things started working how I was expecting them to. Namely, I made a transfer from temp. savings into my checking account, where it showed up as budgetable income that I was able to put towards my Gadgets category that the Kickstarter transaction was classified under. I would recommend keeping it in the budget, but creating a slush fund category. That way you have a category to steal from.
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Mar 30, 2015 07:46
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Let me talk this out and see if I'm crazy... I bought something online. It went into my Discretionary budget, charged to my credit card. I then paid off the full balance of that card over the weekend. I am returning the item I bought. I know I will mark that as a "credit" on my credit card account, but I can't exactly put that money back into my discretionary budget, can I?
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Mar 30, 2015 20:31
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Omne posted:Let me talk this out and see if I'm crazy...
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Mar 30, 2015 20:35
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Of course you can: once the credit's applied to your card, putting you into positive balance, enter an inflow on your card in YNAB. The payee is your card company, and the category can be whatever you like (although common sense suggests the Discretionary that you used in the first place). [e] to chime in with Mr. HOGS: if you take a taxi and cover the full fare, and your buddy pays you their share, you can assign that 'income' to your 'taxi' category. You'll only have spent your share, and you've been reimbursed the other person's share too. spincube fucked around with this message at 20:41 on Mar 30, 2015 |
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Mar 30, 2015 20:37
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so I could say that I finally figured out what this god damned cube is doing. Get well Lowtax.
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spincube posted:Of course you can: once the credit's applied to your card, putting you into positive balance, enter an inflow on your card in YNAB. The payee is your card company, and the category can be whatever you like (although common sense suggests the Discretionary that you used in the first place). This is what I did for my tax return. I got 199 back from state and owe 126 to federal. So I have a 199 inflow into my taxes category, a 126 outflow, with 73 balance. Just assign a -73 in the budget column to zero the balance and stick it somewhere else like it was any other money.
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Mar 30, 2015 23:06
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heard Dave Ramsey launched a new, free budget tool called https://www.everydollar.com Never used it but thought this crowd might be interested.
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Mar 31, 2015 04:15
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New job (well, new employer of record, same job), wasn't expecting first paycheck until the 15th. Came in this morning. Halfway to rule 4. 
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Mar 31, 2015 15:22
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How do you guys handle purchases with foreign currencies on the credit card?
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Mar 31, 2015 19:06
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app posted:heard Dave Ramsey launched a new, free budget tool called https://www.everydollar.com Looks like there's a free and a paid version, but the site sucks and I can't seem to find what the features of the paid version are.
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Mar 31, 2015 19:11
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TraderStav posted:Looks like there's a free and a paid version, but the site sucks and I can't seem to find what the features of the paid version are. Automatically imports transactions from bank account as they post. $99/yr it looks like. e: http://help.everydollar.com/help/article/link/what-is-fastrack
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Mar 31, 2015 19:14
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Knyteguy posted:Automatically imports transactions from bank account as they post. $99/yr it looks like. I don't want that functionality anyway. I like being the only creation of entries.
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Mar 31, 2015 19:16
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Knyteguy posted:Automatically imports transactions from bank account as they post. $99/yr it looks like. I'll stick with YNAB.
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Mar 31, 2015 19:38
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HardDisk posted:How do you guys handle purchases with foreign currencies on the credit card? If it's just a single or small number of purchases, convert it using Google or something similar. Reconcile once it posts to your account in case the math was off. If it's during a trip with many purchases, take the money you are going to use for the trip and convert it, then start a second budget for that trip in the foreign currency and use that money as income to start that budget. Log everything in the local currency, and when you get back, convert the remainder back into your currency and log that as a single transaction on your normal budget (or do the whole amount before and reconcile after). If your CC has foreign transaction fees, add that into each purchase on top of the normal price, like sales tax.
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Mar 31, 2015 20:31
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Okay, I'm cleaning up some credit cards. Basically I took out a loan with the bank to wipe 4 of my credit cards (500 a month to 250 a month), interest is lower, etc etc. My question is this: I'm putting the budgeted amount into the budget screen under Pre-YNAB debt. When I put in the payment amount, I still have a remainder. Should I just hide the categories after this and ignore the remainder, or do I need to fix it somehow?
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Apr 8, 2015 01:44
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Gothmog1065 posted:Okay, I'm cleaning up some credit cards. Basically I took out a loan with the bank to wipe 4 of my credit cards (500 a month to 250 a month), interest is lower, etc etc. Just create a new account for the loan and transfer the balances there. No reason to use Pre-Ynab Post-Ynab
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Apr 8, 2015 01:46
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Gothmog1065 posted:Okay, I'm cleaning up some credit cards. Basically I took out a loan with the bank to wipe 4 of my credit cards (500 a month to 250 a month), interest is lower, etc etc.
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Apr 8, 2015 01:58
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ilkhan posted:What trader said. Those accounts are closed (RIGHT!?), so kill them. Transfer x amount from the new account to the old account to zero them out, and any fees involved go in as a transaction on the new account. You should end up with just one negative balance account representing the loan. I closed (IE, made the payment then closed the account) 2 of the 4 cards, and closed them in YNAB too. I have one card left, my wife has a card, there is one other card that we use for gas and kept paid off anyways. I still have some money left over. There's going to be a pretty big gap in pay coming up soon, that's why I'm not throwing it all on this card right now. So I created an off budget Loan account, and added 10k to my checking account (where it went), made the payments, then added the payment amounts in the budget screen to reflect the money going out of the budget, and simply hid those Pre-YNAB credit card categories as I'll never use them again, even though they were a bit off. Honestly, it's probably about time to reset YNAB and archive the past year either way.
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Apr 8, 2015 02:30
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What is the best way to handle credit card rewards in YNAB? I have a card that gives me 1% back, but as a credit on my statement. If I mark that as income in YNAB, there doesn't seem to be a good way to track it as income tied to a specific account.
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Apr 8, 2015 15:05
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Sure it does. Click on your credit card account on your accounts list on the left, it should then list your CC transactions only. Now you can just enter whatever the amount was, and it should be assigned to your CC account. Anyway, YNAB doesn't really care on what account your money actually is, only that between all your in-budget accounts you have a big pile of cash, and that pile of cash needs to be given jobs on your budget.
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Apr 8, 2015 15:23
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Demon_Corsair posted:What is the best way to handle credit card rewards in YNAB? I have a card that gives me 1% back, but as a credit on my statement. As long as it's income you've entered on the card account, then it shouldn't matter that the income isn't "tied" to anywhere as it reduces the amount that you need to transfer to that card when your statement comes in. It's not like Amazon vouchers tied to your account that you can't use to pay your tax bill or something. The only time it might become an issue is if you want to close the account, but even then it will just come off your final balance. If you still want the 1% from purchases right up until you cancel, just stop using the card, wait until you get the credit and then cancel. They should send you the positive balance amount on a cheque.
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Apr 8, 2015 16:45
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Amused Frog posted:As long as it's income you've entered on the card account, then it shouldn't matter that the income isn't "tied" to anywhere as it reduces the amount that you need to transfer to that card when your statement comes in. It's not like Amazon vouchers tied to your account that you can't use to pay your tax bill or something. It reduces the amount I need to transfer, but doesn't change the amount I have budgeted and then transacted. Say I have spend $200 on a credit card in 3 different categories, they have been budgeted and are now all down to 0. I get a $50 credit on my statement. I pay the CC and now have a $50 just kind of floating around. I can't count it as regular income since I can't "spend" it on and debit, cash or other cc transactions. I guess I could just put that money into the existing Pre YNAB CC debt category as a positive when reconciling, and then drawn down on that by moving that surplus to a category when I make a transaction from that card.
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Apr 8, 2015 19:19
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Anybody have some tips for reconciling? YNAB only has options to filter by month and not a specific date so it never matches up with my credit card statement. Additionally, I enter many transactions right as they occur but their statement date is usually a day or two later. My current method is to sort by outflow and compare every dollar amount to see where things were missed but the inability to set YNAB to the same start/end date as my credit card is a little annoying. Teeter fucked around with this message at 20:07 on Apr 8, 2015 |
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Apr 8, 2015 19:38
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I made a category for poo poo like gift cards and credit card cashback for that reason. So I make an inflow to the credit card account, assign it to that category, then just pull the money from that category and throw it somewhere else.
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Apr 8, 2015 19:57
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Teeter posted:Anybody have some tips for reconciling? After:MM/DD/YYYY, Before:MM/DD/YYYY Which will return all transactions between those two dates.
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Apr 8, 2015 20:00
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100 HOGS AGREE posted:I made a category for poo poo like gift cards and credit card cashback for that reason. So I make an inflow to the credit card account, assign it to that category, then just pull the money from that category and throw it somewhere else. This is what I would do. That same category also takes care of interest from checking/saving and my tax refund the same way.
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Apr 8, 2015 20:02
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100 HOGS AGREE posted:You can search by date range by using the following format: wonderful, thanks! re: the CC rewards. I get a lot from the Sallie Mae barclaycard and do it exactly how Amused Frog describes. YNAB doesn't care where your money is in the grand scheme of things so it doesn't matter that you can't "spend" it. Decreasing the amount you need to transfer to your CC by $50 frees up that much money in your other accounts to spend how you wish so the net effect is the same. Enter it as "Income for April" or whatever in your CC account and then you're free to allot it around your budget as you wish.
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Apr 8, 2015 20:07
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Teeter posted:Anybody have some tips for reconciling? I don't bother with trying to match my credit card statement. When I reconcile I just head to the website and reconcile the current balance with YNAB. The one annoying part is having to go from current activity to your most recent statement to find all of your transactions. I also sort my transactions by amount in YNAB and go through it that way. Easy to find that $11 transaction when sorted by amount instead of chronological order that doesn't match my CC EDIT: For the statement balance I would just take it as inflow on my CC and assign a category like entertainment.
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Apr 8, 2015 20:13
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zamin posted:This is what I would do. That same category also takes care of interest from checking/saving and my tax refund the same way. Yeah I mainly do it this way instead of setting it as income for x month because I want that to only show my actual income, and not all the other incidental inflows I get.
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Apr 8, 2015 20:14
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Teeter posted:Anybody have some tips for reconciling? I'm not sure I understand. Here's what appears when you hit 'Reconcile Account':  Enter the statement date, enter the amount your card company says you owe, and YNAB displays all the transactions you haven't cleared since last time (presumably on your previous statement). You then clear/unclear lines in YNAB, add anything you missed and so forth, until both YNAB and your statement balance match.
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Apr 8, 2015 20:17
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You can also click on the lock with the line through it to only show unreconciled transactions.
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Apr 8, 2015 20:45
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I'm fairly new to YNAB and I did not know that I could edit my budget on the iPad app. I cannot on my phone and remember hearing "no mobile budget editing" so this was a nice surprise. I just started next month's budget on my iPad last night and I think it was even easier than on the computer, going through each category it showed me my average spending, what I budgeted last month, etc without an extra click. Thumbs up.
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Apr 9, 2015 18:46
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