I want to be able to replicate it as close as possible. That way you won't have to manually split things. By allowing Mvelopes to connect directly to your financial institutions, including bank and credit card accounts, a quick insight into your current money situation will always be at hand. And best of all I saved a step - no need to "sweep". If you select no categories, it will show you the totals for your whole budget, or you can select any combination of one or more categories/category groups to see subtotals. I used to use Mvelopes, but they rushed out version 5 and it’s absolute garbage. I set up the funding plan for each month. Create the budget for a year out on the budget screen. Mvelopes combines time-tested envelope budgeting with the latest technology and support, helping you make better financial decisions. You can just leave it in “To Be Budgeted” as you receive paychecks and then use quick budget to fund your goals for each category at the start of the month. Show notes in mvelopes view Mv4 used to have a settings option to show the note or tag in the mvelope view. There's little worse in budgeting than going the opposite direction. The software cost is considered affordable (1.8/5) when compared to alternative solutions. Login. I do agree with WordTenor that you should stick with the web app for actually allocating new dollars until you all are fully comfortable with the features and limitations of YNAB. This approach makes more sense if you FULLY fund a given category from a given check (avoiding duplicates). Is there a tutorial video or article describing that? Sorry, I have questions now that I'm mostly converted over. I realized that it was the sum of all transactions assigned to the category “To Be Budgeted” and have a date in the same month, which actually makes sense. I hope you find this information useful. Sorry, this is less about keeping the old model from Mvelopes and more about being able to manage the budget from the phone. And the true nirvana is budgeting a month at a time with a whole month's worth of money. Create & track support tickets, Discover Knowledge base articles, Get help. It takes some getting used to, but I think the biggest benefit of this approach is that it forces you to make decisions about how you spend money and where it comes from, instead of doing things like I used to do in Mvelopes like let envelopes go negative month over month to “save money over time” and leave my “savings” envelopes untouched. Art Assuming no cash overspending, a current TBB of $1 guarantees the future TBB is also $1. Im happy to help as well. Frequently asked questions. This is where goals become very useful. I’ll explain how I do this in the next few sections. YNAB is completely the opposite. I'm starting in November, so I went to October and entered all my envelope balances as "budgeted" in October. I have been chatting with support (they are really fantastic - just start a conversation within the app to ask questions and they are happy to help and provide very detailed responses). So what I started doing is funding category groups based upon importance. Then I know that our monthly income has been allocated correctly and the actual budget amounts are the "funding" idea that I'm used to from Mvelopes. This issue is only affecting members who have the following configuration: Using Firefox version 13.0 or 13.0.1 YNAB has a neat feature that tracks your "age of money". Launch Portal dakinemaui thanks for the explanation on the funds amount. The budget column in YNAB is reset to zero each month. I'm no expert but I'm up to help if I can. One workaround is to leave $1 in TBB. However, YNAB recommends that you start funding the next months categories as paychecks come in so that “To Be Budgeted” is always 0. Hopefully you're being far more specific about categories than what I bolded. I knew you can’t select categories without first choosing “edit”; didn’t know the lightning bolt toggled that on. However, "will my goals fit in my income" is, despite them having created a blog post about it, not really how YNAB's method functions best. There are special goals you can set in YNAB for credit card categories, which are different than regular category goals, either paying a fixed amount each month or paying it off each month, so you can adjust this however you want to manage your debt. Now the money remaining is used to fund the current and future months. This will automatically take your paycheck in “To Be Budgeted” and fund the amounts using your category goals. It’s so nice being able to reconcile and delete things if you want. Sometimes I would have to do a transfer to a fictitious envelope which I called an “offset” to get the debt balance to match. It's a wonderful thing to shift money from a lower priority category to one of higher priority (encouraged, actually -- see Rule 3). Once I forced myself to accept that, and instead imagine a big pot of money from which I fill all our envelopes, it became significantly simpler. This accomplishes the same result. September in my example) and then enter the balances of these envelopes as of the end of September. I thought I was following along with most of this but now I am confused. March 13 at 8:10 AM. Usually these balances always match because I link my bank and CC accounts directly and import all the transactions. I am assuming it would show up in the available column, right? My next follow up question... in Mvelopes, the balances of the envelopes would carry over. expenses that we incur that are reimbursed by our employers). My wife usually adjusts the budget and prefers to do it on her phone. We were just forced to upgrade to Mvelopes 5 after 2 previous failed attempts and the lost features and continued bugs have left me looking for a better option and we're going to give YNAB a try. It seemed so loosey-goosey! She is paid on the 15th and 30th each month and I am bi-weekly. I'm doing a free trial of YNAB to see what I think. This is a bad idea. Actually for me, I think it would be better to put it back towards my savings category, since that’s where I took it from originally. (There are several types of goals, not just "budget this much to this category each month.". In Mvelopes terms, you are sweeping and funding in real-time, which I think gives you a better picture as to where you stand financially. David Johansen in YNAB, the mobile apps, while doing many of the features of the budget, really are still mainly meant for on-the-go category maintenance and spending decisions rather than full budgeting. Not sure how I would do that in YNAB. 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