The Monthly Rollover in YNAB

Рет қаралды 7,627

Күн бұрын

Learn what happens when a new month starts in YNAB! Ernie will demo things you can do to make sure your plan is ready to go for the month ahead.
Timestamps
00:00 Intro
04:08 Monthly Rollover Checklist
05:08 Step #1 - Reconcile accounts
12:44 Step #2 - Covering overspending / check Ready to Assign
21:10 Step #3 - Credit cards on track
25:35 End of the month considerations
30:00 Next month - after monthly rollover

Пікірлер: 27

@jroysdon 21 күн бұрын

4:08 Monthly Rollover Checklist 5:08 Step #1 - Reconcile accounts 12:44 Step #2 - Covering overspending / check Ready to Assign 21:10 Step #3 - Credit cards on track 25:35 End of the month considerations 30:00 Next month - after monthly rollover

@YNABofficial 18 күн бұрын

Thanks so much! Updated the description box with the timestamps too! - Ashley

@christiemole4435 24 күн бұрын

Hello Ernie from Eau Claire, this is Christie from Madison! This tutorial is super helpful, thank you!

@YNABofficial 23 күн бұрын

Welcome back to another live, Christie! ~Ernie

@jackbarnett4616 23 күн бұрын

Best you have done

@Jessydonaldson 23 күн бұрын

I’ve always disliked the yellow, too, but I have a reframe now. When I was listening to Ernie talk about a category turning yellow when moving money from one category to another, it occurred to me that yellow is really just the visual of rolling with the punches. And, now it seems way more neutral…or maybe even a sign of successful YNAB-ing!

@YNABofficial 23 күн бұрын

Oh, a sign of successful YNAB-ing. I like that reframe! ~Ernie

@darkhippie1976 24 күн бұрын

Hello from New Jersey!

@beckiemoon1246 23 күн бұрын

I will be on a cruise 5/26 - 6/6, wondering if I should fund June before or after those dates.

@YNABofficial 23 күн бұрын

For peace of mind, I'd fund before (assuming you already have the money). That way you can relax on the cruise knowing all the bills happening automatically in the background back home are covered. Enjoy the cruise! ~Ernie

@jaysha5226 23 күн бұрын

This is the one YNAB feature I absolutely loath. Let's see if this video changes my mind lol

@vervamon 20 күн бұрын

Did it? Should I watch it?

@jaysha5226 20 күн бұрын

Nope! Not convinced.

@nadasadeq3 16 күн бұрын

What do you mean?

@oldmaninthemirror 24 күн бұрын

Can’t imagine accounts not balancing and just saying “oh well” I mean it is just math. If things don’t balance some item(s) have not been accounted for in YNAB. I think it is better to find the problem than ignore it. If you want to take the “oh well” approach what is the point of keeping up with finances? Just pay whatever the bank says you owe.

@YNABofficial 23 күн бұрын

You can say "oh well" only if you make a reconciliation balance adjustment-otherwise, like you said, you are ignoring the problem! ~Ernie

@betsyk.9287 23 күн бұрын

@oldmaninthemirror I totally agree with you. If I am $25 off on my credit card balance I have made a mistake somewhere. My career was as a bookkeeper which probably accounts for the level of detail I keep in YNAB. (I also have everything in Quicken which I have been using for over 20 years.) When I was keeping the books manually for one of the companies I worked for we had to balance to the penny. Sometimes the mistake would be the net of some number, sometimes it would be a transposition. Occasionally I would spend hours trying to find the error. I am still OCD about this. When I reconcile in YNAB I have my credit card website open and make sure everything on that website is what is reflected in YNAB. “Oh well” gives me nightmares. 😊

@sandramilo6091 18 күн бұрын

There is no peace of mind until that $25 discrepancy is found. Also, for the purpose of the demo, it would be less confusing if the over spent Electric bill from checking was a different amount than $25. I kept associating the red RTA with that missing VISA transaction, but it was the overspent electric bill. That said, even as a veteran YNABer, I gained some new perspective.

@tammeribrahim437 24 күн бұрын

is it the case that i don’t have to go back to previous months to look for overspending because it would show up as negative “ready to assign” in the current month?

@YNABofficial 23 күн бұрын

You can go back and look for overspending so you know what happened, but you don't need to correct the overspending in the previous months. Cash overspending is deducted from next month's Ready to Assign, and credit overspending becomes credit card debt that you pay off by assigning money directly to the Credit Card Payment category in the current month. ~Ernie

@stackoverflow32 23 күн бұрын

Why does the 'Underfunded' Option fund more money than is available? Isn't that a core principle of ynab?

@YNABofficial 23 күн бұрын

It only does this when you select the categories. If you don't select any categories and hit Underfunded, YNAB will only apply the money you have available to assign. ~Ernie

@jameserwin3734 23 күн бұрын

What happened to Ben? Is he ok? Did he get fired? :)

@lirageneve 23 күн бұрын

1 hour? 😭

@santiagoarteta2993 24 күн бұрын

I WILL LIKE IN DO VIDEO BUDGET BI-WEEEKLY OR EVERY OTHER WEEK GOING PRO AGAINST BECAUSE WORKING AHEAD FOR MONTH COULD YOU HELP 🤯😲

@YNABofficial 23 күн бұрын

We probably won't make a video about budgeting biweekly because (and this is the great thing about YNAB) it works with any pay cycle! The question is always the same-What does this money need to do before more money arrives? Hope that helps. ~Ernie