Account Types on Mobile

When adding your accounts in YNAB, it's important that they're set up as the correct account type because the type will indicate how they behave in your budget.

During account set up, you can add an account as a Budget, Loan, or Tracking account. Let's take a look at the differences between these options!

In This Article

Budget Accounts

The funds in Budget Accounts are included in your budget (which you can tell from our super-clever naming scheme). These accounts should also include credit accounts from which you spend, so they're included in your budget as well.

There are five Budget Account options to choose from:

Tough decision? Here's a little secret: Checking and Savings accounts work exactly the same. They are accounts that typically have a positive balance because they're where you store money.

Credit Card (typically used for everyday spending) and Line of Credit accounts (a flexible loan from the bank) typically have a negative or $0.00 balance, and funds spent from these accounts become debt.  If you use a credit card, it's important to select the Credit Card account type because of how these accounts work in your budget.

Cash accounts represent actual bills and coins. There's only one difference between a Cash account and Checking or Savings account: in a Cash account, all transactions are cleared by default.

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Loan Accounts

This account type is uniquely designed to help you track your loans and budget for your loan payments. If you have a student or personal loan, mortgage, medical debt, or another type of loan, Loan Accounts help you budget for your payments and pay off that debt!

There are six Loan Account options to choose from:

  • Mortgage
  • Auto Loan
  • Student Loan
  • Personal Loan
  • Medical Debt
  • Other Debt

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Tracking Accounts

The dollars in Tracking Accounts are not included in your budget. Adding these accounts to your budget allows you to  track their balance (we told you we were clever at naming things!). Since the balances in these accounts don't impact your budget, you don't need to add any of them. But you can if you want to—there are two options:

  • Asset: investment accounts 
  • Liability: other loans, such as money owed between family or friends

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Budget Accounts vs. Loan and Tracking Accounts in Your Budget

Remember, the funds in your Budget Accounts are included in your budget (so you can Give Every Dollar a Job), but the money in your Loan accounts and Tracking accounts are not included in your budget (since you're just tracking those accounts' balances). Those funds won't be available to assign to your budget categories.

If you're moving funds between accounts, check out this article on transferring money next.

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