TL;DR In YNAB monthly budget I want a category for my investment account and am looking for suggestions how to cleanly achieve this.
I am trying to achieve the following:
- Use You Need A Budget to track and plan my finances
- Save enough for retirement
- Invest the money I've allocated for retirement
- Every month, set aside the money I don't need now to my retirement
In YNAB, investment accounts are set up as tracking accounts. That means their transactions cannot have categories and do not reflect in my budget. However, as I want to transfer money to them every month, that is indeed part of my monthly budget.
In my opinion, that points to the "add a category for it". I also get all the perks of transactions belonging to a category - being able to set goals, budgeting my average "spending" (in this case, what can I afford not to spend) and so on.
Should I just mildly cheat and instead of using Investment Account (that is of tracking type) just use Savings/Merchant Account that do support categories? Or is there a solution already that I'm not aware of?