A Deep Dive into YNAB's Reports
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- เผยแพร่เมื่อ 20 มิ.ย. 2024
- As if our YNAB budgets weren't already the mecca of financial depth, YNAB reports can take your data crunching even deeper. Learn how to make the most of your spending data, customize your net worth graph, and even use the income vs expense report to help you with taxes and running a small business!
Sign up for a free trial! - www.youneedabudget.com/
Timestamps:
0:00 Intro
0:48 Customizable Filters (Web)
2:05 Spending Report (Web)
4:49 Net Worth Report (Web)
6:33 InCome v Expense Report (Web)
7:50 Reports on Mobile/iPad
8:07 Age of Money Report (Mobile)
9:19 Simplified Net Worth Report (Mobile)
10:03 Outro
10:33 Bloopers
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Hey YNABers! A few of you graciously pointed out a correction to this video at 7:10-monthly totals showing red on the Income v Expense report are NOT months where you overspent the budget, but rather are months where you spent more than you brought in. This can happen for a number of reasons, such as buying that car you've been saving up for forever or finally cashing out on the $5,000 vacation you've been diligently budgeting for for your family, and is not an indicator of overspending.
Thank you always for a being a friendly community that continually seeks to help others and make YNAB better! We appreciate you! 🥰
🌻 Hannah
A big ouch for me was when I sent a lot of $$ at one time to contribute to our Roth IRA's. My goal for the rest of the year was to not see a big red number like that again! (Even though I know I didn't REALLY spend it as it is in a tracking account now, but I did spend it out of my budget....Ugh.
Having the detailed reports in the mobile app would replace the web app entirely for me.
Which report would you find most useful on mobile?
@@notandyvee average spent per category to adjust my budget on the fly on mobile
Select a category, then auto-assign. It should show an average spent option. :)
@@notandyvee I agree with OP, I would like to see a spending pie chart. Mint has it. No idea why YNAB mobile doesn't.
@@kme06d i totally agree. I’ve been working on a mobile alternative and it wasn’t difficult to add a spending pie chart. With their resources it doesn’t make much sense.
The area where YNAB has the most room for improvement. Amazing reports would sell the app, get on it YNAB.
It would be sweet to be able to save some queries in the reports (selected categories, date ranges, etc.) and have them as quick links or views, instead of having to rebuild a specific report query each time.
For Net Worth report, the example needs to include the value of the house….that would show the persons net worth. Unless a person is upside down on their house payments, each person that owns a house should have a positive net worth. The more equity a person has in their house, the higher their net worth.
I don't think i've look at any YNAB reports since installing the Toolkit for YNAB extension. The reports in there are far more useful.
Couldn't agree more, YNAB really needs to work on the reports
I was hoping that this new video was covering new reports
For real. It's a great app, but honestly for a service that costs as much as it does you would expect much more robust options. There are tons of free programs available that offer many more options. My only real gripe with the service. If I didn't budget on desktop and use toolkit I'd be very frustrated - the balance over time & income breakdown reports are invaluable at helping me visualize our financial progress over the last 10+ months of using YNAB. Hope they stop relying on Toolkit and implement some of their own solutions, they've talked about reports for years.
Toolkit reports for the win! I use the default YNAB trends report but other than that I use all the toolkit reports.
What!? I gotta check this out
Please add the Income & Expenses report to the mobile app! If I could see that report on my iPad (or iPhone) it'd be really great to get a quick snapshot of how the expenses for the month are looking compared to the past few months.
One minor nitpick on what Hannah says at 7:10. A monthly net income in red doesn't mean you spent over budget. It means you spent more than you earned in that month. You could have previously budgeted for a $5,000 vacation, then in another particular month spent that planned $5,000 on your vacation, while only earning $4,000 as your usual income. That right there would give you $1,000 in the red even though you planned and budgeted for that vacation.
Ooooh... yeah, you're totally right. Good catch, my dude! Wish I could go back and correct myself!!
🌻 Hannah
I never realized you could do trends and select specific categories in the spending tab!! That awesome.
This was really helpful! Thank you
I like using YNAB on the iPad, but I avoid the mobile app for the very reason you mentioned, limited reports. Just created a web app shortcut and works flawlessly 😊 8:02
I use reports to track actual trends in my spending and adjust my goals for each budget category monthly to match averages. This way I'm budgeting towards real trends rather than made up goals that may or may not be aligned with reality.
Thank you!
Sending a report to pdf rather than excel would be a nice feature.
Is it possible to get pdf's of these reports w/o exporting the data?
I use reports at the end of the year to adjust variable expenses by looking at the average for last year. Mostly groceries and utilities
That's super smart! Maybe I should consider doing this to see how much I *cough cough* ACTUALLY should be budgeting for groceries. My continually overspent category... 😂
🌻 Hannah
Need mobile reports!!!!
I would love to see report for money that was assigned from Ready To Assign. I have zero clue of percentages assigned which is not always how it was spent. I maintain a separate spreadsheet to track this info.
Are these numbers real?! You receive over $4k a month from an inheritance?!? $6500 from your employer?! Damn, I picked the wrong career.
Haha, oh no!! All the budgets I use in my videos are always dummy budgets-never real! I just needed a lot of "inflow" samples (and debt samples) in this budget to really show off reports more clearly! Pretending I'm a doctor from old money over here...
🌻 Hannah
@@YNABofficial regardless, thank you for responding!! Even if that's what you bring in, I would be envious. However, I need to stop comparing myself to other people.
Do you have live tracking for house and vehicle like Mint used to?
Is there a reason why the mobile reports are so limited?
The app already has all the data to make the reports, why make the users go to the website?
This is very similar to Microsoft money. I like it !
Can we please get more reports!? I love the YNAB toolkit chrome addon the community made, but why isn't YNAB adding in more reports so we don't have to make addons?
What’s the toolkit?
Hey Billy! I hear ya! If you can believe it, we have a LOT of projects we're passionate about and building over here, and the Toolkit has filled a need for a lot of people while we focus our attention on other projects we're pretty excited about. I would also love to see our reports features fleshed out a little more one day, but am even more excited about what new handy features and improvements are coming down the pipeline!
🌻 Hannah
7:31 that budget gets an inheritance of 4k a month? Man can I be adopted?
Reports are exactly how we know how much money to fund in each category each month throughout the year in order to be assured every month the category has enough to cover spending. Ie. December: Total spent in a category divided by 12 = how much $ each month to drop in the category. This also gives me a wake up call where I’m way overspending or underspending upon doing an honest analysis!
Niiiiice!! Really diving deep and soaking up that information to benefit your future! Way to go, Judy!
🌻 Hannah
What happens to reports when you do a fresh start? Will it still remember the previous activity from the old budget?
No, it will not remember. Reports will completely reset if you do a fresh start
A fresh start will maintain the structure of the budget (category groups, categories, targets, bank account totals), but it will wipe all history of spending and money assignment. So a fresh start *will* wipe your reports clean on the new budget! However, when you perform a fresh start, your old budget is archived and you can still access it whenever, so you can still access those reports via the old budget!
🌻 Hannah
I have a budget item for “Charitable Giving” then at tax time I export my spending report for the charitable giving category and make sure I have receipts for each total by cause or for each transaction so I don’t miss any tax credits! Game changer!
Niiiiice! Hmm, I've never thought about using a Charitable Giving category to also help when tax season rolls around. Brilliant! And you can link extra info and links to receipts in the notes section of the category, too! Might hafta start doin' this myself...
🌻 Hannah
@@YNABofficial definitely recommend this category! I love planning for giving each month so when my dentist’s, husband’s, niece asks me for money for a skip-a-thon I can donate with no hardship!
7:10 Does red mean over-budget or simply expenses were more than income for that month? For example, if I reached a goal that month and bought a car with cash, that specific month would be in the red, but still within budget. (unless I'm not understanding something, totally possible)
The latter, it’s just a calculation of money in vs money out that month. If you have a large expense you’ve been saving for, that month will most likely always be in the red
Yes, Kirsten's right! I mispoke! The red just means more was spent than was brought in, which is *not* an indicator of going over budget (thanks to savings and true expenses!). Thanks for catching that!
🌻 Hannah
So I don't really remember this being mentioned anywhere, so I am not sure if I did something wrong. I am one of those that was keeping money in a 'next month' category in my 'get ahead a month' journey instead of assigning to the next month straight away. I am gathering that because I didn't move money to 'ready to assign' first that it did not see it as income? I have been with YNAB for about 4 full months now and my income vs expense report is all out of wack with almost no income. Is there a way to fix this??
Hi Leah!
I have a guess at what might be going on. When you get a paycheck, are you initially assigning that money to your "Ready to Assign" category and then assigning it to your "Month Ahead" category? Or are you assigning it directly into the "Month Ahead" category? You'll want to do the former, not the latter!
This is because any inflow of money that flows into Ready to Assign before being distributed will be considered income. Any inflow of money that's categorized directly to a category without going through Ready to Assign first is just considered "activity". If you've been categorizing paychecks directly into your "Month Ahead" category with off the bat, YNAB won't be identifying it as income.
Let me know if this helped! If this doesn't seem to be the problem, you can also write into our customer support and they can help you figure out what might be happening!
🌻 Hannah
I love ynab but the reports is where it all falls apart for me. I have submitted feature suggestions but crickets. The budgets are all about spending. There is no report about budgeting. The entire concept of ynab is to embrace true expenses. So it doesnt matter if I spend more than I make in a month because I might have been saving for that item for the last 10 years. The reporting should be based on what you budget OR what you spend (selectable). I want to see what I earn every month and how much I budget. To ensure I am budgeting less than I earn so I can begin to age my money and apply to future months. Right now if I have a big expense for 10k it throws my budget off. But what if I knew I needed that expense and the money was allocated. That is not really a “red” situation as these reports will show you.
I REALLY wish they would spend some time in reporting in ynab to get it right. Other than Net Worth in my opinion it is all pretty useless.
Sorry to say, but mobile reports has been the same useless unchanged section ever since YNAB released on mobile (that’s over 5 years ago!). Please please update mobile reports for my budgeting app!
A perpetual YNAB mystery: why is the ‘age of money’ chart only available in the mobile app??!?
That is a great question! One I can't answer because... I actually don't know 🤔
🌻 Hannah
This video feels like YNAB is trolling the Reddit community with its constant complaining about the reports.😂😂
Lol, nope, I just realized we didn't have any videos walking through our reports section of our app! Lots of love for the Toolkit in the comments, so I'm glad it's filling a need for so many people!
🌻 Hannah