YNAB You Need A Budget

[adavant1]

Sometimes I have cash that never gets put in the bank . . . how do you account for this in YNAB?

[Budget_Ninja]

Create an on-budget account called Cash in YNAB. When you take money out of the bank transfer the money to cash. When you spend it record the payment out of the cash account.

[roger]

What Budget_Ninja said... create an on-budget account called CASH. Cash you receive that never sees a bank is an INFLOW to this cash account.

[bookman413]

^^3x. This also means you need to keep track of cash outflows as well....

[Joel]

This is easy if you have a mobile app.

Without, I did not even have a cash account.

[smallLife]

The majority of my spending is cash. Income that is in cash gets entered as an input to cash, available in whatever month I need it in. It's the same as entering "Income this Month" into your checking account.

[katsmeow]

I set up a cash account for me and one for my husband. Frankly, we try to avoid using cash because it is just harder to keep track of. I do reasonably well on it but DH tends to forget to get receipts, or lose them, or gives money to kids without recording it, etc. We've gotten to a point where usually there is less than $20 unaccounted for at the end of the month, sometimes less than $10 and then there will be outlier month... For the unaccounted for cash we do have a cash miscellaneous category but if anyone is off by more than $20 then the overage will come out of individual spending money category.

[krispy]

I give each of us a Petty Cash account. Since I am quite anal about tracking expenses, I pretty much track most of my cash to the penny. But, I don't even try to track my husband's cash. I give him a certain amount each month and as far as I'm concerned, it's gone. So, when I update his balance from time to time, I just categorize the difference as going to "Spouse Petty Cash" category. So, I have a Petty Cash account for each of us and a Petty Cash category for each of us. It's basically just like Dave Ramsey's "Mad Money" category. I really wouldn't need to have an actual account for my husband's, but he likes me to occasionally update what he has as he tends to stash his $ in various places and forget about it. So, once in a while we "round it all up", count it, and update the balance! His way of saving - and, he does save every penny of his petty cash he can -- he puts it towards vacation each year! It encourages him to spend less when eating lunch out, etc.

[Mr. Ruz]

Create an on-budget account called Cash in YNAB. When you take money out of the bank transfer the money to cash. When you spend it record the payment out of the cash account.

Yup, that's what we do.

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[dregar]

I give each of us a Petty Cash account. Since I am quite anal about tracking expenses, I pretty much track most of my cash to the penny. But, I don't even try to track my husband's cash. I give him a certain amount each month and as far as I'm concerned, it's gone. So, when I update his balance from time to time, I just categorize the difference as going to "Spouse Petty Cash" category. So, I have a Petty Cash account for each of us and a Petty Cash category for each of us. It's basically just like Dave Ramsey's "Mad Money" category. I really wouldn't need to have an actual account for my husband's, but he likes me to occasionally update what he has as he tends to stash his $ in various places and forget about it. So, once in a while we "round it all up", count it, and update the balance! His way of saving - and, he does save every penny of his petty cash he can -- he puts it towards vacation each year! It encourages him to spend less when eating lunch out, etc.

+1 for this