![]() It's okay if you can't cover everything immediately-that's why you have a budget! Select those categories and use the Underfunded button to allocate all those dollars with a single click. You can even drag and drop your categories to sort them by due date as seen in the GIF below: When you put a date in the category name, that can help you decide what to budget when (click the name of the category to edit). If you know you'll get paid again on the 17th, be sure to budget for every bill with a due date before then. Then ask yourself: "What do I need to use my money for before I'm paid again?" Getting Organized with Due Dates I'm only going to budget $810 today, and then I'll cover the rest once more income arrives.īudget for your most important-or immediate-expenses first. In the example above, Ready To Assign is $810, but Underfunded shows I'll need $2,162.19 to meet my template's Targets this month. Remember, this is where that all-important budget-only-the-dollars-you-have piece comes into play. You know how much you need for everything, so it's time to look at how much you actually have. Keep tweaking until your budget template fits your income and your priorities. Do this by adjusting the targets you've set up-change the amounts or push back the dates. Soon you’ll fund them when you’re paid and budget to cover your targets.īefore you start budgeting, ask yourself this question: "Is this realistic?" If your monthly income is less than the Underfunded amount, you'll need to make some changes-but that's okay! You have a much better picture of what you can afford, and you won't come up short.Īdjust your budget template to ensure you can pay for the things that matter the most. Remember, your categories are yellow, which just means they're underfunded. Or, if you have funds available in Ready to Assign, you can also find the Underfunded number by clicking the "Assign" button in Ready to Assign, choosing the "Auto" tab, and looking at the Underfunded option there (with no categories selected). Under the Auto-Assign header, the Underfunded amount gives you the total of your Budget Template. With no categories selected, you can see how much money is needed to make this template work by looking in the Inspector (right sidebar). With a target assigned to every category, Available amounts will be yellow and your Budget will now tell you exactly how much you need to stay on track. If you have a category that you consider as optional each month, feel free to skip it. After you've added targets to your categories, you'll see a yellow Available amount until the category is funded completely. Set any additional customizations (date, frequency, amount, etc.) as prompted in the window, based on the chosen target type.You'll then choose your target type (options will vary based on the category selected).Add a target for every category by selecting the category and clicking Create Target in the right sidebar.A budget template will give you the month-ahead view you're wanting without sacrificing the benefits you get from only assigning the money you have.īuilding Your Budget Template How to Begin: Add Your Targets Fear not! You can plan ahead while still following the YNAB Method by setting up a budget template.Ī budget template uses Targets and scheduled transactions to plan for you future expenses. When you first start using YNAB, the concept of assigning only the dollars you have right now can feel new and maybe even scary, especially when you want to plan ahead.
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