Author Topic: Definition of "Walled" Months !!!!!!!!  (Read 2854 times)

Offline keyboard

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Definition of "Walled" Months !!!!!!!!
« on: April 01, 2017, 02:18:35 PM »
Just exactly what is this ?      What does it mean to me ?     How do I use it ?     Please explain to me .....

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Offline Billy_McSkintos

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Re: Definition of "Walled" Months !!!!!!!!
« Reply #1 on: April 01, 2017, 02:52:40 PM »
If I remember correctly walled months is a problem with NYNAB but is not an issue for either YNAB4 or Financier.

NYNAB forces you to budget every dollar this month and didn't allow for money to budgeted next month, the month after or beyond. They were walled months.
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Offline RPNnerd

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Re: Definition of "Walled" Months !!!!!!!!
« Reply #2 on: April 02, 2017, 02:59:22 PM »
Walled months mean you can see and budget each month separately.   When you can see more than one month at a time you immediately see that unbudgeted or overbudgeted items impact the next month. So get each month sorted out and then the whole picture looks good.  One definition of being buffered means you're pushing income from the current month to the next month-- live in the current month and set up the budget for the next month as the money comes in.

The boundary of the month works well-- are your monthly bills paid?  Are you saving like you thought during that one month?  Are you paying down the debt toward your target in that month?  If you pay in full your cards, did you pay them off by the end of the month?   I like to keep the debts cleared by the end of the month and new items come in for the next month for the credit cards.  I pay them early-- as much as 20 days early, etc. but there is no red showing up on the net worth budget for "on budget" accounts as I keep the paperwork up to date.

Offline zielperson

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Re: Definition of "Walled" Months !!!!!!!!
« Reply #3 on: April 03, 2017, 08:04:46 AM »
The best example (and the thing that got me away from nYNAB) is income.

I receive my income around the 23rd - 26th of a month.

Normally, in YNAB4, or financier, I can budget it for NEXT month "category --> income next month".

In a walled setup, I can not. So in new Ynab, I am forced to either put it in with a future date, OR enter it as it comes in.
Screwing with my account numbers if I put it in the future (account != nynab) or with my head when I put it in right now (Hey, there is money to be budgeted, but remember, it is that stuff for next month)

Add to that that nYnab does NOT count any future transactions...