Budgeting Future Income

When you set up your first budget you'll use only the dollars you have on hand right now. You may be wondering how to plan for your next paycheck, and the next one after that. You may be asking yourself, "Can I budget my future income?" In a word—no.

The real power of YNAB—to make good decisions with your money and use it to live the life you want—comes from only using what you have. Of course, it's important to plan for what's next. You won't budget future income, but you can still look forward and set yourself up for success. 

Schedule Future Income Transactions

YNAB has built in tools — Scheduled Transactions and Goals — that will help you plan for this month, and all the months to come. 

It doesn't matter when you receive your next paycheck, you'll know exactly where those dollars are needed as soon as they're in your account. These helpful steps will walk you through setting up your budget template. 

Aging Your Money

After you've used YNAB for a while, you may find that  To be Budgeted has more than you need in the current month. Good news! You can budget those dollars in future months

Keep in mind that dollars budgeted in the future can still be used in the current month— To be Budgeted won't go negative if you give them jobs here. Instead, you'll be pulling from your future self and Budgeted in Future will decrease. 

With Goals and Scheduled transactions set up, and your money aging, you'll be surprised how much you  don't worry about your future income anymore.

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