A Very Specific Situation
  • "Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearIA
    iamlyth
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    Hey I’m so sorry I’ve been a bit negligent of attending to the community needs as I’ve had a family situation to attend to.

    What I will make clear is that you should only budget money you have IN HAND, and never budget money you’re owed and do not have. If you want to use YNAB to track the debt, I personally have a tracking account for money owed to me and make transfers into the category I paid it out of when the money is paid back. I utilize the memos here extensively to explain why the debt was incurred and so on and so forth.

    The problem with keeping it in budget is that you shouldn’t have anything in your budget with a negative balance. Otherwise you can’t trust your budget. YNAB will yell at you if you do this. The money needs to be squared away somehow which is why I’m suggesting you use a tracking account.

    Of course you don’t need YNAB and can just track it externally and then treat the debt payments received as income into your accounts on budget.

    All of this being said, please don’t take on such a massive debt for a friend in the future. It’s a huge liability and can ruin friendships. I can see you’ve handled it appropriately but I can only hope it didn’t get messier than what you’ve already described.

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  • Sorry for the delay! I meant to post yesterday. Today’s Question: How often do you reconcile your transactions? Bonus question: Do you primarily rely on sync or do you manually input your transactions?

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    Hello everyone, I'm so happy to see this community grow. I'd like to always make sure there is some thread where community input can be gathered so that we can allow our little corner of Lemmy to flourish. What would you guys like to see in the ~~subreddit~~ community What are your hopes and expectations for a YNAB community? Some ideas I'd be personally interested in exploring: - General personal finance overall (with relation to YNAB) - Money diary posts (I always loved the money diary community on reddit and wished there was a YNAB version of it) - Weekly community questions - Onboarding guide - Reaching out to the YNAB team to setup an AMA (moonshot idea) It would also be nice to setup some community 'goals' or 'mission' just so that we can show our community's direct intent. Some Ideas for Community Missions/Goals: - Advocation for healthy relationship to personal finance - Increase and promote community knowledge of the YNAB tool - Camaraderie in helping our fellow budgers roll with the punches I'm looking forward to hearing everyone's feedback! EDIT: Changed subreddit to community

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    Round 2: How long have you been using YNAB for? Bonus questions: was it your first budgeting app? Do you also use a spreadsheet?

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    I’ve been finding it so incredibly annoying to sync my transactions when life gets busy. Especially reoccurring transactions with variable balances. How do you guys manage? Do you use the export/import tool ever?

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    I figure I’ll do something like this every so often. What has been a category you created that really became useful to you or provided unexpected value?

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    lemmy.world

    This new community is to facilitate discussion and guidance for using the popular software app YNAB. http://www.ynab.com Come join us, and learn about the software, share your budget categories, get help for issues you’re having and sharing your successes with YNAB with the greater community.

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    [Meta] Share Your Categories! Fortnightly thread for this week! Monthly Categories Thread! Please use this thread every other week to discuss and receive critique on your YNAB categories! You can reply as a top-level comment with a screenshot or a bulleted list of your categories. If you choose a bulleted list, you can use nesting as follows (where  ↵  is Enter, and  ░  is a space): * Parent 1↵ ░░░░* Child 1.1↵ ░░░░* Child 1.2↵ * Parent 2↵ ░░░░* Child 2.1↵ ░░░░* Child 2.2↵ UPDATE: Per the meta community discussion someone recommended this thread be monthly instead of every two weeks. I’ve edited the title and will pin this post.

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    I’ve been using YNAB for a while and already miss the reddit community. I’m hoping to at least build a small community here of people answering questions, sharing categories, and communicating news. I’ll do my best and keep this community running!

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    "Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearIA
    Now
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    iamlyth

    lemmy.world