Goals Tab
R
Ricori
The goals tab will be the new home to tracking long-term progress in YNAB. Not for day-to-day decision making, not for weekly nor monthly budgeting. Think long-term like:
- I want to retire early and live abroad
- I want to save 6 months of emergency fund
- I want to save for my very expensive anniversary vacation
- I need to pay off my $50K of credit card and personal loan debts
- I want to pay off my new mortgage in 15 years instead of 25 years.
These are a sample of the challenges and dreams many YNABers have.
Solutions:
- Offer a common place to track these important and big goals: the “Goals” tab.
- New shiny and addictive features that make it hard to resist giving dollars to these “goals” categories and offer clarity about progress and possibility. What kind of features can be put here are TBD but we can start with summary metrics such as in current General Income & Expenses. I want to see how much was assigned and available and how much increase since last month. Then clicking into a summary metric card can open up some details (percentage progress, history of contributions, time series chart that shows rate of progress. Forecast to when it can be reached or target date / required contributions if specified.
Currently, Lumy has nice features such as Spend Trackers and Net worth but they do not solve the above needs. Spend trackers is for budgeting and Net worth is vanity metric that is not attached to any specific job other than a generic “Savings” goal.
For reference: Undebt.it is a perfect example of web app that serves similar tracking purpose for long term except its sole job is to pay off all debt.
Brandon's edits below
- A user here mentioned the idea of "negative goals", where you are aiming to spend less thana specified amount over some period of time. We would want to allow for a custom amount and duration and would want to show pacing bars or similar so users can adjust their spending to be on pace to meet their goal.
Brandon Trautmann
open
As mentioned in 1.22.x what's new, this is being put on hold because the scope is just too large. May revisit this at a future time.
Brandon Trautmann
in progress
Brandon Trautmann
Merged in a post:
Chart: Wish farm/goal tracking
Brandon Trautmann
Line graph showing progress towards a goal balance (account or category?)
Brandon Trautmann
planned
Brandon Trautmann
Thanks for creating this! It does a good job of capturing what I had envisioned for "Goals". I've renamed this ticket and the language within to "Goals" because I think that communicates the mission/spirit of this ticket. Excited to get to this one!
Frans Jooste
Please add to this (for future development) the addition of tracking accounts section from YNAB. As this is primarily where non-budgeting finances lives. 🙂
R
Ricori
Frans Jooste Exactly, we need more visibility to track the tracking accounts and the money we transfer to them (such as 401k, robinhood, etc). Lumy already shows the net worth and ynab uses tracking accounts too to calculate it. But the fine granularity of the jobs are lost in ynab as the transfers are considered as expenses. Ynab’s focus is really the month in month out and that’s ok but Lumy can do much more: the day to day is already well taken care of in Lumy (spend trackers, frugal months, left to spend). I can see lumy excelling in the long term planning as well, which ynab app does poor job from UX pov