https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sat, 25 Apr 2026 15:55:58 +0000 https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-946274 Fri, 19 Jul 2013 13:44:31 +0000 Mrs. High Heels 946274@https://boards.hellobee.com/ <p>@cmomma17: haha, I got those same emails!! great minds think alike :) </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-946202 Fri, 19 Jul 2013 13:25:22 +0000 cmomma17 946202@https://boards.hellobee.com/ <p>@Mrs. High Heels: I signed up for all the classes knowing I wouldn't be able to view them "live" because I heard that would just send me a link. Your method would have saved me from a million emails though "Thank you for registering for X class!" "Sorry we missed you for X class!" x6!! :) </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-946008 Fri, 19 Jul 2013 12:29:31 +0000 mrskc 946008@https://boards.hellobee.com/ <p>@Mrs. High Heels: oh good idea! I like that. I forgot that you can create your own header categories. I've only been using the ones that were there when I downloaded it. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-945776 Fri, 19 Jul 2013 11:07:19 +0000 Meridian 945776@https://boards.hellobee.com/ <p>I had to look up "ynab"!</p> <p>We use Capital One (previously ING), and are trying something new this year by having our savings broken into 3 different accounts. We have a "Master" savings account which we try not to touch, a "Dog" savings for our dog (in case of future expenses as she gets older). And then at the beginning of the year, I moved a chunk, I think around $3,500 into a separate savings account bookmarked for "Expenses". And then I automatically have $200 transferred on a monthly basis from our Master account into our Expenses account. The Expenses account is where we pull from for random expenses like car insurance, auto repair, HOA, and other unexpected expenses, etc. </p> <p>It's worked out pretty well so far! </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-945694 Fri, 19 Jul 2013 10:50:21 +0000 Mrs. High Heels 945694@https://boards.hellobee.com/ <p>@cmomma17: so i found out that if you sign up for their live classes, but you miss it... you can still watch the recording of that class! here's the link to all the pre-recorded live classes - <a href="http://www.youneedabudget.com/support/article/introduction-to-ynab-class-materials" rel="nofollow">http://www.youneedabudget.com/support/article/introduction-to-ynab-class-materials</a> - i can't wait to get started! haven't had a chance to watch any yet. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-945676 Fri, 19 Jul 2013 10:44:31 +0000 Mrs. High Heels 945676@https://boards.hellobee.com/ <p>@mrskc: yesterday i broke a few things out even further... i originally had a bunch of everyday expenses lumped into one, but i broke it out so i have "everyday expenses" (mandatory), and "everyday luxuries"...</p> <p>i decided to do it this way because when i'm budgeting money i DO have, i know to budget the mandatory items first... or if we're tight on some months, i can choose not allot any money at all for some items under "everyday luxuries" </p> [attach=85/13/mq6x28.195x408.Screen-Shot-2013-07-19-at-8.41.27-AM.png] https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-945330 Fri, 19 Jul 2013 09:19:21 +0000 cmomma17 945330@https://boards.hellobee.com/ <p>@mrskc: I watched a YNAB video and one of the ways they organized categories was "Mandatory" and "Optional" I liked that! :) </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-945328 Fri, 19 Jul 2013 09:18:33 +0000 mrskc 945328@https://boards.hellobee.com/ <p>@Mrs. High Heels: I like how you have a "wants" section. I think I'll have to add that to mine. Yours looks so organized. I need to organize mine a little better. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-944507 Thu, 18 Jul 2013 22:46:49 +0000 Mrs. High Heels 944507@https://boards.hellobee.com/ <p>@mrskc: oh yea, car registration!! i need to add that to our budget, i always end up putting that in misc. when it comes up. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-942756 Thu, 18 Jul 2013 15:53:29 +0000 mrskc 942756@https://boards.hellobee.com/ <p>@T.H.O.U.: here is a screen shot of my rainy day funds. Things will pop up that you forgot about so I just added as things came up. So like for car registration I just took the total for our two cars and divide by 12 and add that amount to the budget each month. The amounts roll over each month so you'll see the total amount grow over the months. Some of my budgets like car repair, I've decided I want to get up to $1000 in there so I plan to just add to that budget until it gets to $1000 then stop. So if one of our cars needs repairs there's already money budgeted for it. </p> [attach=684/13/mq5gp5.216x600.image.jpg] [attach=684/13/mq5gp7.216x600.image.jpg] https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-938701 Wed, 17 Jul 2013 11:57:52 +0000 Mrs. High Heels 938701@https://boards.hellobee.com/ <p>@T.H.O.U.: Here's a screenshot of my categories... my YNAB is pretty specific and detailed (had to do 3 screenshots to get all the categories in):</p> <p>[attach=85/13/mq3b4h.192x491.Screen-Shot-2013-07-17-at-9.55.34-AM.png]</p> <p>[attach=85/13/mq3b4i.177x501.Screen-Shot-2013-07-17-at-9.57.01-AM.png]</p> <p>[attach=85/13/mq3b4j.180x110.Screen-Shot-2013-07-17-at-9.57.26-AM.png] </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-938680 Wed, 17 Jul 2013 11:54:16 +0000 Mrs. High Heels 938680@https://boards.hellobee.com/ <p>@T.H.O.U.: </p> <p>We have two sections (so two different master categories: 1) Yearly expenses and 2) Wants)</p> <p>Yearly Expenses:<br /> - Property Tax<br /> - Homeowner's Insurance<br /> - AAA Car Insurance</p> <p>Wants:<br /> - Holidays<br /> - Experience Fund<br /> - Electronics (we're saving up for a laptop)<br /> - Family photoshoot</p> <p>The reason I divided it up this way is because the Yearly Expenses are stuff that WILL come up and we will have to pay. The Wants are just "nice to have" so if some months we don't have extra money left over in our budget I just don't even budget for those categories.</p> <p>I always keep the Yearly Expenses section budgeted so that I don't have to deal with unexpected, large bills and the money will just be sitting there and available when I need it. It rolls over each month in YNAB and just accumulates.</p> <p>For the "Wants" section, once we meet our goal of whatever we've been saving up for, I just "hide" that category so I don't have to see it anymore. For example, we already paid for our family photoshoot that we've been saving for so that category has since been hidden. Holidays, Electronics, and Experience Fund are sections that will probably never be hidden since I'm sure we'll always want something from there... I tried to make them a little broader so I'm not constantly having to hide categories. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937829 Wed, 17 Jul 2013 08:19:59 +0000 cmomma17 937829@https://boards.hellobee.com/ <p>ING is now capital one. @littlek is correct. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937823 Wed, 17 Jul 2013 08:18:35 +0000 cmomma17 937823@https://boards.hellobee.com/ <p>@T.H.O.U.: As you know I'm new to YNAB so I'm not sure exactly how this will play out. However, these were my "sinking funds" when I was doing pen and paper and the Dave Ramsey methodology.</p> <p>So far I have:<br /> Emergency Fund<br /> Car maintenance and Repairs<br /> Christmas<br /> Birthdays/other gifts<br /> Car Insurance<br /> Renter's Insurance<br /> Kids visits (paying each year for plane tickets, etc. for my stepkids)<br /> Pharmacy/Prescriptions<br /> Clothes/Shoes/Dry-cleaning<br /> Baby (diapers, wipes, clothes, other needs)<br /> "Stuff you'll forget in the first year of YNAB" (tip I picked up by watching one of their videos yesterday)</p> <p>I should also have a pet category, car taxes, etc. But I'm already overwhelmed with categories so that's it for now.</p> <p>I also have "Savings Goals" in mind: New Car, Furniture, New Computer, Down payment on a house. Sometimes I am confused as to what should be a "rainy day" and what should be "savings." But I don't think it really matters as long as it makes sense to me and I set priorities.</p> <p>I should also have a Pet category, car taxes, etc. But I'm already overwhelmed with categories so that's it for now. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937742 Wed, 17 Jul 2013 08:00:27 +0000 purrpletulips 937742@https://boards.hellobee.com/ <p>I don't use YNAB but we do budget using an excel spreadsheet. We have one sheet that tracks our monthly budget (as things get paid they are highlighted) and another sheet that tracks what the money in our "lump sum" account is assigned to. Our lump sum account is actually a money market where we can pull money out if needed but collect compounding interest while it sits there. Since we like our budget to be pretty equal each month, we break down all "lump sum" expenses regardless of how often they are paid ( 3 months, 6 months, or once a year). At the end of the month I enter all of our lump sums into the appropriate spreadsheet and transfer the money out of our main checking account. Our categories include:<br /> trash<br /> vacation<br /> gifts<br /> subscriptions/memberships<br /> car repairs<br /> car replacement<br /> car licenses<br /> veterinarian<br /> household repairs<br /> furniture<br /> kids stuff<br /> HOA </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937710 Wed, 17 Jul 2013 07:54:54 +0000 littlek 937710@https://boards.hellobee.com/ <p>Maybe some additional items:<br /> - Vet bills<br /> - Car tax </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937708 Wed, 17 Jul 2013 07:53:47 +0000 littlek 937708@https://boards.hellobee.com/ <p>@mediagirl: I think ING is now Capital One. We use USAA for insurance and credit card. We use NFCU for banking and mortgage, there is no issue with setting up multiple savings accounts with either. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937706 Wed, 17 Jul 2013 07:53:16 +0000 Mrs. Jacks 937706@https://boards.hellobee.com/ <p>We have several credit union accounts. I only have multiples because of interest rates. So one guarantees 6% interest on the first 1,000 dollars. Another gives 4% on 25 k. Research credit unions and see what kind of high interest accounts you can find. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937650 Wed, 17 Jul 2013 07:40:31 +0000 mediagirl 937650@https://boards.hellobee.com/ <p>@T.H.O.U.: Yup! I was using ING until we got married, I married into USAA. Both of those do not charge for savings accounts. When I call them for help, they probably think I'm nutso for having so many but they never say so. :) I would look to keep savings accounts in an "online" bank like ING or Imigrant Direct. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937635 Wed, 17 Jul 2013 07:33:45 +0000 T.H.O.U. 937635@https://boards.hellobee.com/ <p>@mediagirl: Another question, do you have these accounts all at one bank (care to share where)? I think our bank requires a min balance otherwise there are fees. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937613 Wed, 17 Jul 2013 07:23:15 +0000 mediagirl 937613@https://boards.hellobee.com/ <p>@looch: yes! That's how we are saving for our big ticket items, too. My husband is saving for his gigantor TV for the bedroom and I am saving for a Kelly Moore bag. :) </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937606 Wed, 17 Jul 2013 07:16:13 +0000 looch 937606@https://boards.hellobee.com/ <p>@mediagirl: I think this could work for us. My husband has a habit of being an impulse shopper for big ticket items (like his recent 3D printer purchase). I think if he had an account where he saved an amount monthly and couldn't get it until he met that, it might slow him down a bit. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937590 Wed, 17 Jul 2013 07:08:02 +0000 mediagirl 937590@https://boards.hellobee.com/ <p>@looch: yep. We send a certain amount of money to each one each month. My husband and I found, when we combined our savings, that it didn't work for us to have one big lump of money. So, we spread it out. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937583 Wed, 17 Jul 2013 07:04:18 +0000 looch 937583@https://boards.hellobee.com/ <p>Huh, that's interesting. I never thought about having more than a savings asccount and a checking account per household. </p> <p>How do you manage them, mediagirl? Do you manually allocate a set percentage or dollar amount to the accounts monthly? </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937577 Wed, 17 Jul 2013 07:01:31 +0000 mediagirl 937577@https://boards.hellobee.com/ <p>@T.H.O.U.: funny...I started my savings accounts after going through DR!! I say, whatever will help you save the money, that is how you should do it. This is what works for me. Who cares what the experts say if it's working/not working for you! </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937575 Wed, 17 Jul 2013 07:00:29 +0000 T.H.O.U. 937575@https://boards.hellobee.com/ <p>@mediagirl: I have really thought about doing this because its hard for me to see one giant lump of money and remember how it is portioned out. But I have heard crazies like Dave Ramsey and Suzi Ormand say that keeping accounts to a minimum is key. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937567 Wed, 17 Jul 2013 06:53:54 +0000 mediagirl 937567@https://boards.hellobee.com/ <p>@T.H.O.U.: I don't use YNAB and don't know how it works but, I keep lots of savings accounts. It costs nothing to have savings accounts and it's a good way to spread out your savings. I have savings accounts for:<br /> Car maintenance<br /> Vacations<br /> Daycare<br /> HOA<br /> Home Repairs<br /> Gifts<br /> Personal Gifts<br /> M's savings (just an account to deposit her checks into before we move the money to her college fund)<br /> M's "stuff"</p> <p>Some people think I'm crazy but it works for me! Through the bank I use, I can rename my accounts so they say what the money there is for. </p> https://boards.hellobee.com/topic/saving-for-a-rainy-daybudgeting-for-annual-expenses-ynab-or-other#post-937560 Wed, 17 Jul 2013 06:51:02 +0000 T.H.O.U. 937560@https://boards.hellobee.com/ <p>YNAB Rule 2 - Take those large, less-frequent expenses that usually send you into a financial tailspin, and break them into monthly chunks.</p> <p>YNAB or other budgeters - </p> <p>What are your categories for annual expenses that you try to save for over the course of a year? </p> <p>So far I have:<br /> - Car registration<br /> - Termite Bond<br /> - Christmas<br /> - Vacation<br /> - Car repairs</p> <p>What else should I be putting here and also, how exactly does this work in YNAB? </p>