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during this video will discuss how income is entered in YNAB
YNAB has two different options for entering income
the options you see are dependent on the date of the transaction
for example if the transaction has a made eight
you'd see income from day
or income for june
as your options if you choose income from a the money will become available
for budgeting during the month of may
it reaches in comes into
the money will be available for budgeting during june
so why only two months
this approach has to do with my dad's fourth rule of cash flow
live on last month in town
we want you to learn to live on last month's money and get yourself out of
the paycheck to pay check cycle
the moneyline in may you'd budget in use for expenses in june
in junior earn more money and that's the money you'd use to budget in july
however most people don't start out like this to still timing paychecks two bills
people in that situation need the money they trying to be available to the
budget right away
the goal however is to save enough money so that you couldn't get through an
entire month without touching your paychecks
this takes the average why never forty six months to say
when you've saved enough money to live on for an entire month
you have what we call a buffer
why you're living on the money you earn last month
more paychecks will roll in
but you won't need them in the current month
that's why the option exists to send the money to next month
let's take a look at how this works in the software
let's into a new transaction with the date of may seven
for the payee
and to the name of the person our company that page of the money
and then using the tapia mickey boyd moved to the category field
two options appear
let's assume we need the money from a his budget select income from a from the
drop-down options then complete the rest of the transaction
an interim inflow amount of two thousand dollars
when you select a category you're telling line ab i want this transaction
to affect the budget scream
this money is now available to budget in many
now let's go back to the register and change that transaction so that the
income is categorized as income for june
i'll just highlight the transaction inches in camp in june from the
drop-down choices
let's go to the budget screen and take a look
sure enough and there it is in the header for june and now it's available
to budget in june
if you're trying to decide how to categorize income you only need to
answer one question every time you received money
what does this money need to do before unpaid again
if the things you needed for our happening this month
categorize it for this month
if this month is covered and you don't need it right now you can feel free to
categorize it for next month