YNAB Joint Budget

posted 5 days ago in Finances
Post # 2
Member
85 posts
Worker bee

Are you both treating the Joint Budget as an expense in each of your individual budgets?

I just started using YNAB (because of your post tyty!) so I can’t help too much but I would think the easiest thing would be for them all to function basically totally separately, just for ease. So keeping the trackers for joint expenses in the Joint Budget instead of having partial trackers all over.

Post # 4
Member
9372 posts
Buzzing Beekeeper

I also just started using YNAB last month so definitely no expert, but do you both share one YNAB sign-in? Do you have one joint account that you pay for joint items with or does one of you pay the other back? That might change how you want to log it. Full disclosure though we’re 100% joint and I only use YNAB for tracking cash accounts and credit cards so my “net worth” is completely wrong!

Post # 6
Member
85 posts
Worker bee

View original reply
@minnewanka:  I had the opposite experience when I started using it. I grew up in poverty and now we’re low income but getting by, and YNAB actually made me feel empowered. Just sorting things out and making some plans and assessing our priorities within our means has been so nice.

If it’s about the mental motivation, then yeah I’d definitely put the half equity tracker on there. As long as you’re doing it in a way that isn’t confusing for you, I think it’s worthwhile to do what keeps you feeling good and motivated for sure.

Also hopefully bumping this thread a bit will get some more input from other folks.

Post # 7
Member
1297 posts
Bumble bee
  • Wedding: March 2018

We have one budget, and each main category relates to a different account (or set of reloadable gift cards, in one case). We share a log in as you can’t have multiple log-ins for one budget.

The only frustration for me is that I can’t do a transfer between accounts AND change the budget category in one ‘transaction’ – I have to do the transfer then update the budget, or vice versa.

The one complication is that OH isn’t as frequent at updating the budget as I am so I have to say I want it doing by X date – neither of us really use the app and prefer the web version.

The YouTube videos are excellent and well worth watching.

Post # 8
Member
9372 posts
Buzzing Beekeeper

Mapped Out Money on YouTube has a lot of great YNAB content that I fould helpful! 

I would probably try making the joint budget based only on the joint account and then not link the joint account to the individual budgets. That way you “pay” into the joint from your individual rather than looking at is as a transfer.

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