Quick Tip: Enabling Category Sinking Funds in YNAB
My favorite budgeting app is YNAB, which has an amazing desktop and iPhone version. The main idea behind YNAB is moving beyond paycheck-to-paycheck living, so they suggest spending last month’s salary this month so you can escape the rat race. This is enabled by subtracting any amount you went over by in any budgeted categories from your total salary for the next month. So, if you spend $50 more than you budgeted last month, this month you have $50 less dollars overall to budget. Pretty simple. ...