I’ve tried YNAB, and it didn’t really work for me. There are a few things that I like to look at on a monthly basis that YNAB doesn’t do. Spreadsheets work best for me at this point.
My problem is definitely that SFs shouldn’t be included in savings.
I think I’ve decided to add the SFs as an additional expense category for the month-to-month deductions and then keep the structure I outlined above. Some of the SFs so have don’t necessarily get used during the same calendar year or at the same rate as what is saved monthly. (i.e., $6k sinking fund, but only used $3k).
The reason for #2 is because I use the zero-based monthly budget system. There should be $0 left at the end of the month. It’s not income, so I have to add the amount I’ll be spending to the spreadsheet somewhere so I don’t end up with a -$ at the end of the month.
Since it shouldn’t be included in my savings, I think I’ll add it as an additional expense category for the month-to-month tracking and keep my entries consistent with the steps I included above.
paintingredroses OP t1_iyf0c0x wrote
Reply to comment by Liquidretro in Sinking Funds & Expense Tracking by paintingredroses
Thanks for the response!
I’ve tried YNAB, and it didn’t really work for me. There are a few things that I like to look at on a monthly basis that YNAB doesn’t do. Spreadsheets work best for me at this point.