I just purchased YNAB and am looking forward to setting up my accounts in it after using Quicken for the last 10 years. I do graphic design and so just want a simple financial program rather than a more complex one for business, so I think this will work well. I spent yesterday looking at the tutorials and this program, to figure out how to do it. I would like to use the iPhone app as well, so it sounds like I should put it all into one budget (both my business account and my personal accounts. I am a sole proprietor and it all tends to get mixed together anyway, and I just separate out the business tax stuff using the payees and categories.
I am wondering, however about our main account. We have one of those manulife one accounts which contains our mortgage, line of credit and main account into one big pot, which supposedly saves more in interest costs and allows you to pay off your mortgage faster (if you don't get into the line of credit too much). So our main bank account is this one, and it has a bit negative balance because it is also our mortgage. Should I bring it in as is as a negative account? How will that affect my 'income available this month' if it is always negative? Or should I just try to do it manually using the income that goes into it as a positive and budget from that? Does anyone have any experience with this?
Any ideas on how to best handle this?