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    Faustin Kouassi
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    budget

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    © All Rights Reserved
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    12 views5 pages

    Yn Budget

    Uploaded by

    Faustin Kouassi
    budget

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 5
    15083 Forecast in YNAB| YNAB, Download Features Method Purchase Support Support Home @ How to... @ Forecast in YNAB Forecast in YNAB What is forecasting? Many people ask about YNAB's forecasting capabilties. Before adéressing how to use YNAB to look forward, though, lt’ ook atthe difference between forecasting and budgeting When you hear about budgetsin the news, the discussions ypcaly focused on preparing and planing forthe coming year ahead, At YNAB, we don think ofthat as budgeting, for one simple reason the maney it here yt to fund those “budgets”. stad, that’s what we cal forecasting Forecasting is ooking out into the futre to see what might happen. I's abou projection, locking forward and what you do with money thats nt here yet Suégeting, onthe other hand, is what you do with the money you have focuses on the preset W'smaking a concrete, reat plan forthe dollars you have in your possession. That dtintian i very portant. People who want to forecast have grat intentions andthe goal are ceranly worthy. They are typically trying to: © s86 where thing willbe fnancily 3 eran point inthe future fa year rom now, 6 months from aw, ets make sure that they've considered upcoming expenses and that there will be enough income to cover those expenses © make sure they don’t miss any bil ‘This article wil provide some strategies you can use in YNAB to help scratch that forecasting itch, But first, e's talk about why budgeting (the YNAB way) isthe most important actvty to focus on, Why budgeting is better ‘Working with the money you have right now gives you crystal clear focus. f you only have $500 ‘on hand to last you unlilthe next paycheck, the single bes! thing you could do is plan whal to do with that money. Look at this budget: wan younaedabudigel.comisupparvartclaforecast-in-ynab uppoRT —8t0G COMPANY Related Video: uke Four: tive on ast Moths Iheome Need More Help? eam YNABin depth > ‘Browse the discussion ferums > Submit suppet request > 15003 Forecast in YNAB| YNAB, ~ Everyday Expenses Groceries Ful festaurants Fun Money “Monthy ils carPayment Rainy Day Funds Carinsurance armepars is othing ~ savings Goals Emergency Fund {Car Replacement Vacation {Al $500 of my dollars have been given ajob. 1 can trust this budget. This money isin the bank. As long as | make spending decisions by checking the category balance inthe budget, 'llbe fine. No, ‘couldn't budget the entire month, but I'll add to this budget when | get paid again. Atleast this way, I'm dealing with realty. Now let's imagine that instead of budgeting jus the $500, “forecast” the entre month: er son | ce Cece SEmeveres Monty is ‘80 ista0e ert aca Phone 2000 cerament 2000 fain Day Funds 000 aaaoe cepa 22000 cos seo cates seco savings Goals 00 sea00 ena Font ‘onoo arplcemert e000 | budgeted $3,160. But I only have $500 inthe account. How do | know what those $500-the ‘ones | actually have-are supposed to do? Which categories are mare important? What has tobe

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