How do you handle transferring money to an off bud...
# budgeting
b
How do you handle transferring money to an off budget account in ynab? I have a HYSA that I didn't bother adding to ynab since I dont use it regularly. I recently transferred some money there from my regular checking account. How should I label this transaction?
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m
"Long term savings" or "Investment" is how I do it. Like every week a put x amount in my brokerage account. So that is a "investment" transaction and I don't track that account in ynab
b
but because my checking account is linked it's pulling in that transaction when I transferred money
m
yeah and that transaction should be categorized as "long term saving" when you transfer to your HYSA
or "Pull from savings" if you are taking from your HYSA
t
I have a similar thing when I send money to and from my biz account. Those accounts aren’t linked, I just categorize them as the bank names and make a ‘work expense’ category to take it from.