Any income you receive will be entered into the same account in YNAB that it was deposited to in real life. So if your income is deposited into your checking account at the bank, it will be entered into your checking account in YNAB. These steps are the same whether the income is a paycheck, savings account interest you've accrued, or a birthday check from Grandma.
If you're just getting started and haven't had a chance to add an account yet, you'll want to do that first!
It's important to enter your income only when you receive it. You'll be more successful if you work only with the money you already have on hand. Want to plan ahead? No problem—set up a scheduled transaction for income you know is coming and consider giving a Budget Template a try, too!
Add new income to your budget by adding a transaction in your account.
- Select the appropriate account.
- Click Add Transaction.
- Use the payee to describe the source of the money. This could be a specific person or business, or something more general like 'Paycheck,' 'Interest,' or 'Gift Money.'
- In the category field, select Inflow: To be Budgeted.
- In the inflow field, enter the amount of income.
- Click Save.
Your money is now waiting in your To be Budgeted for you to give those dollars jobs!
Looking for Income Categories?
Income is typically categorized as Inflow: To be Budgeted. The amount in your To be Budgeted are the dollars in your accounts that don't have jobs in your budget yet. Income is categorized to Inflow: To be Budgeted so that you can give those dollars jobs with Rule 1.
If you would like to track income sources, use different Payees (they'll even be listed separately on your Income v Expense Report!).