Becoming addicted to collecting coins

Westie983

Welcome DFOD,

I think its will keep me motivated the big one, but I like the idea, and this year is the year I don't dip into it, and keep the balance increasing...

Im not sure I will want to smash mine, so I have put a hole in the bottom of mine so can get the coins out when it gets to the top in twenty million years...

I haven't made any holes in my new one as I'm hoping I won't need to get to the coins, but as I already have £200, it won't take too long to fill up at they hold about £500 in £1 coins....

I find that i save all the loose change from my purse in another container then when they get to £! i change them up... so eventually all of my coins will either make it to gold....

the power is in the gold.....

:-)

Westie983

Lilty Im not planning to smash these beauts,

Especially as i have had the smaller one custom made so its here for the remainder unless an unfortunate accident happens, but I'm hoping that won't happen as in not planning to take them off the coffee table...

is it wrong that I can't wait to go to work tomorrow to get some more gold coins....

I get my tax credits tonight so thinking of changing up a bulk amount to feed the pots....

just don't know what to do for the best....

:-)

Westie983

Well I relented and came back from work with a handful of £1 and £2 coins swopped from my tax credits, I'm going to slowly feed them into the pots over the week so I have a little petty cash for any purchases this week then whatever is left at the end of March when I get paid again will go straight into the pots....

yay for coins
yay for working in a bank
yay for income
yay for the yays....

:T:T:T:T:T:T:T

liltdiddylilt

LOL!! Bless you sounds like a fun day. I am glad my obsession with money only stretches to bank accounts. I cashed in my £2 pot and popped it in the bank to gain a bit of interest :rotfl: - still in all the little pots on YNAB so they make me happy (Christmas is at £150 and Christmas food at £30 so far :j) but they are all working for me

We are all weird methinks. So attached to this money stuff xx

Westie983

oooh Lilty why you are lurking, how do you manage cash in YNAB, do you have a account called cash or do you have a category called cash, I have a balance of 150, in my cash account but when I transfer it to my pots it doesn't show as income just as a swop...

what I am trying to do is release some of the 150 into a petty cash for the month, so like I took the money out and its in my purse and I spend from that, I'm stuggling to work out how to make it show as income so I can balance the budget,

so for example I am over in food category so I have taken £30 from my cash account which in reality is the money in my purse to balance the category so i need the £30 to show as income so I can allocate it according to where I want it...

does this make sense...

yes i do think we are all weird but that because we have all had out LBM....

:T :T :T :T

liltdiddylilt

I have an actual account called 'Cash' - I always say to people get one called Purse, that way if you take cash out of the bank, you do it as a transfer to Cash/Purse & then you can keep track rather than taking £10 out for a £1 buy and not having a clue what happened to the other £9.

A category is fine - I have categories for each of the Christmas/Food pots etc, but if I were taking it out of the bank to store somewhere in the house each month I would have to create an account, even if it was called 'Mattress' just to make sure the money left my account but still showed somewhere, even if it was off budget xx

Westie983

Okay so i currenty have £170 sitting in my cash account that is on budget, and I have a purse category in my budget, so to get money out of my cash account I do a transfer to purse??

then will that show as income to allocate in the budget?

sorry to sound dumb, and you can remove you post if you wish as it shows your very healthy balances lol

mmmwwwaaa...

liltdiddylilt

Sorry I didn't spot this!!

No, if you have used cash from your account you click on it, and add a transaction, much as you would if you had paid a bill from your current account.

So you took £170 from your current account. And you transferred it to cash. And then you spent £5 in Superdrug, so you would enter that as a transaction under a category such as toiletries. And you would have to have £5 in your toiletries category under your budget.

And the other £165 was put into your savings pot. So have you added the savings pot as a budget account, or an off budget account?

If it is a budget account, you will need to make a transfer to the pot and won't be required to enter a category at all. You should then have a budget category called 'Scuba diving pot' and add the £165 into there, so that it is budgeted out to that pot. That takes it out of the equation as far as working out what money you have got to spend. This will just sit as a credit on that category until you choose to use it. For instance I have a budget category for 'Emergency Fund' and over the months, I add a bit of money to it, and don't spend. So although I might have added £10 this month, the total balance is around £1970. Because it has accumulated, as if it were in a pot. Like your terramundi. Despite the fact that mine is spread through various accounts.

If it is an off budget account, then it will ask you to enter a category as you go. So just enter it as 'Scuba diving pot' then, and it will automatically budget towards it

Hope that works? xx

Westie983

Great thanks Lilty,

I have a cash account, £1 pot and £2 pot on budget, so when I transfer from cash to the pots I do a transfer which is great but I want my £150 that I have in cash in my secret place in my flat to be able to be in the available to budget amount, the only way I can see to do it is to close my cash axcount on YNAB and reopen with opening balance of £150 as income then it will appear,

It's a work in progress type of thing....

Everything okay with you?

liltdiddylilt

No you just need to do a Transaction where you add the £150 in, in your cash account. So the opposite of where you would take money out for the £5 of Superdrug.

Then go into your budget. Create a category called 'Secret stash' and budget £150 to it. Does that make sense?