This is all nice and good, but why are you not in a bathtub, Ernie?!
@YNABofficial
Жыл бұрын
🤣🤣🤣 ~Ernie
@AverysMoneyMoves
Жыл бұрын
Love these budget videos Ernie!
@YNABofficial
Жыл бұрын
Appreciate that Avery! Good luck with your new dog 😄~Ernie
@arambladen3087
Жыл бұрын
I input all transactions manually myself to give me something to do every day and to keep me on track!
@Mare00711
Жыл бұрын
The fact that ynab doesn't alert to over spending in previous months makes no sense to me. Just throws off the whole actual budget of the current month. I believe that should be an added alert.
@YNABofficial
Жыл бұрын
I hear ya-and this is definitely something that comes up when we talk about ways we could make YNAB even better. ~Ernie
@Mare00711
Жыл бұрын
@@YNABofficial And alerting to extra funds or negative funds in the hidden categories. As of now when I open that category on my app it just shows me the category names, not if there is a balance in them. I have run into that problem before.
@robertgarvansnyder4665
Жыл бұрын
@@YNABofficialbig upvote for that feature, even as an option to turn on/off how previous month positive and negative balances behave going forward.
@lindsaycollins9300
Жыл бұрын
Thanks for sharing! Looking forward to the IG tomorrow. My 9 yo just saw that I was watching KZitem so I got to give him the 30 second explanation of “budgeting” 🤓
@YNABofficial
Жыл бұрын
A future budget nerd in the making-I like it! ~Ernie
@staceybulleigh8408
Жыл бұрын
Ernie is the best!
@matthewou
Жыл бұрын
This is a fun video. Thanks for doing it. A tip I use for tracking accounts is to use the aggregator Personal Capital. Then I load it in one window and then copy the balances into YNAB. This also fixes the issue for one time pin because the personal capital aggregator stays connected to your spouses account.
@TheBaciWorld
Жыл бұрын
Lol we overspent our eating out category! But that’s okay we rolled with the punches and have a plan for next month
@mariahg343
Жыл бұрын
I have a cash tracking account, too. I don’t keep very much there, because I hate keeping track of those transactions. But I agree that I like to have cash on hand accounted for in the budget!
@meskobe
Жыл бұрын
Ernie, I'm a big fan of budget nerddom, but I gotta be honest -- I let everything import from the previous month whenever it wants to, and then I just go back sometime in the first week or so (or even later) to cover any overspending that popped up. 😏 My budget has plenty of room for those types of small surprises, and I personally don't want to spend that time each month for very little benefit (to me). To each his own nerdiness, tho! 🤓💵
@YNABofficial
Жыл бұрын
Yes, I'm probably in the minority here, and I agree that you can totally have control of your money without the level of attention I give! Glad you brought this up. ~Ernie
@vickivee
10 ай бұрын
11:21 Ernie, I would LOVE a feature on cash accounts. How you use this account, etc. I use a cash binder for my sinking funds and I need to be able to reconcile all of this to stay organized.
@YNABofficial
9 ай бұрын
Thanks for the idea! If you wanted, you could always pop into one of our Open Q&A workshops and ask the teacher (which is sometimes me) to demo cash accounts www.ynab.com/free-workshops/ ~Ernie
@apttodo
Жыл бұрын
I do something similar to Ernie but I do it all on the 1st day of the month. I have a task in my calendar ("YNAB Reconciliation day 🥳"), I reconcile all my accounts, ensure my Chase account is up-to-date (no open banking /yet/ from Chase UK), and make sure last month is up-to-date with any pending transactions and category fundings. I have tracking accounts too so part of the joy on the 1st of the month is seeing how my investments have changed and I try not to check the balances more frequently than this! Part way through the month I reconcile my mortgage account when the interest is added (YNAB estimate on interest isn't always a match in the mortgage account). I'm contemplating having a next month funds category after watching the Budget Nerds video about it but can't get my head around not budgeting immediately when my paycheck comes in and also having the extra category in the reports not actually meaning anything. Totally love the linked account reconcile too, I used to reconcile ever couple/few days anyway it just makes it much slicker and I probably do it even more frequently now.
@YNABofficial
Жыл бұрын
YNAB Reconciliation Day sounds like the happiest day of the month! ~Ernie
@margaretcraig6538
8 ай бұрын
Ernie without Bert (that's not right, is it?). I still use YNAB4 which I LOVE, LOVE, LOVE!
@VanillaBean2023
6 ай бұрын
I've been binge watching YNAB videos since I signed up 2 weeks and I know I heard you explain it somewhere, but can you remind us why you use a Next Month category instead of assigning the money in the next month? If I recall, it made bookkeeping simpler but I don't remember the details. I get all my money at the end of each month. (so by definition, I already fund a month ahead! except...those few..... underfunded categories in April...) In any case, I'm wondering if I should wait until the 1st of each month to assign the money.
@YNABofficial
6 ай бұрын
There's no right or wrong way to assign money to next month. I like using the holding category because it allows me to create next month's plan all at once (instead of doing it paycheck by paycheck). I also like see all of my available cash in one month (instead of flipping back and forth). These are really minor things, but it's the way my brain works so I still with it! Give both options a try and see which you prefer! ~Ernie
@beckybarrett7452
Жыл бұрын
In my 401k I like to manually add employee contributions, employer contributions and market change. Then I reconcile it. I know I can find that info in my 401k accounts. I just like seeing it in my YNAB.
@YNABofficial
Жыл бұрын
There is something really nice about YNAB being the one-stop-shop for all your finances. ~Ernie
@D-Res
9 ай бұрын
I thought my speakers were broken for 20 seconds....
@Artair86
Жыл бұрын
I REALLY hate Meta / Facebook. Why would you "continue" this session on another provider and not post the video here, too? oO I can't even access anything on instagram without making an account with them - what I obviously won't do.... 😞
@YNABofficial
Жыл бұрын
You could check out the May session I did on KZitem kzitem.infoAAAgGHPlC3k?si=hUZfaE2290uJuqpg ~Ernie
@KimberlyR-st1dl
Ай бұрын
How do you add Tracking categories?
@YNABofficial
Ай бұрын
If you adding a tracking account, YNAB keeps that money out of your budget so you don't need to create categories for it. Here's more info on tracking accounts support.ynab.com/en_us/account-types-an-overview-BkmGM0qCq#track ~Ernie
@hildagarcia4555
Жыл бұрын
I have been using YNAB for years, but never use it for TRACKING Accts. Curious, pros and cons to having them in the overall budget other than seeing a truer Net Worth in the app? Always enjoy hearing yours and Ben's perspective on different approaches to YNAB.
@YNABofficial
Жыл бұрын
I feel like having them in YNAB does give me a truer Net Worth. The downside is that they take additional time to manage, which I don't mind because I think managing them is actually fun. ~Ernie
@nosirrahm
Жыл бұрын
I had $12 in my fun money on my low spend month. 😂
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