Reply to YNAB - how long does it take to set up?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Op here-- I've set my budget and everything but is it normal to feel like things are kind of wonky until my next credit card statement closes? [b]Maybe bc I'm starting this in mid November and trying to make up all of the annual expenses I've budgeted for in the final two months of the year it's distorting things? [/b]
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What do you mean by making up all the annual expenses?[/quote]

If I budget $3000 annually for home maintenance I'm now on the hook for $1500 in November and again in December. I can change my targets for now, but I set up my budget with an annual mindset for some of the bigger reserves and realized that means I'm budgeting to establish the reserve by EOY vs 12 months from today.

I'm also trying to figure out how to account for credit card payments. I always pay in full every month and I feel like I just want to delete those statement payment transactions bc they're already accounted for by pulling straight from my checking account into the categories.

I still haven't been able to sit down and watch some videos so that's my plan for the weekend. [/quote]

I hear you. I did the same thing with having to front some cash into my budget to get me set up with a new target, like savings goals and payments that moving forward I want to hit by the end of the year. I moved things around to make it happen. Part of the adjustment of moving to this way of budgeting, so I get what you're saying. It will even out to a regular cadence/cost once those payments are made.

I chimed in earlier but my credit cards are "invisible" in YNAB. I enter in all transactions manually which means I control the inflow and outflow. All of my cards are paid in full each month out of my checking account, which is basically ground zero for all expenses at the end of the day. So in YNAB I enter in all expenses as pulling from my checking account, and then separately in the real world (unknown to YNAB) I just pay my CCs in full every month. The cash/cost is still the same; the path to get there is just different with how I use YNAB. Note that this won't work if you want to sync all of your accounts though.[/quote]

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