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The YNAB Podcast

Ask Jesse: How Should You Track Vacation Spending?

The YNAB Podcast

YNAB

Consolidation, Total, Budget, Dave, Peace, Money, A, Education, Ynab, Finance, Bankruptcy, Makeover, Fpu, Software, Management, Personal, Need, Ramsey, Financial, University, Debt, Kids & Family, You

4.71.1K Ratings

🗓️ 16 May 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

A listener writes into the show to ask: how should you track vacation spending? Vacation is a time to relax and let loose a little, but the listener wants to make sure he is pacing the family's expenses during the trip so he doesn't go overbudget.

Jesse offers a few different options, including sophisticated use of categories to track the vacation spend without creating too much complexity.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Wine Appers. My name is Jesse Meakin with another episode of The Wine App Podcast,

0:08.4

where we teach you four rules to help you stop if you pay attention to paycheck,

0:11.2

get out of debt and save more money. I'm coming in cold on this one today,

0:15.4

got a question, and I have not read it beforehand. So, here we go. Neil Button asks. Now,

0:23.5

reminder, Neil knew this, but maybe some of you don't. You can send questions to ask,

0:28.4

Jesse at unidaybudget.com. And if you're in a hurry, it's asked Jesse at wineapp.com. All right,

0:35.7

here's Neil's question. Been using Wine App for a few years now, and it's become part of our regular

0:40.0

financial daily life. As much as I love the budgeting. Thanks, Neil. Starting to really see

0:45.5

benefit from the tracking of spending. How would you incorporate a rather expensive 12k-ish

0:52.0

vacation? I'm assuming he means into the budget. We already have saved four, but how should I report

0:56.5

slash track it in Wine App? Build a new one-time budget, lump it into a separate category or

1:01.6

multiple categories, do a straight cash withdrawal for the vacation, record costs elsewhere.

1:06.8

It would be great to have a shared budget to review after the trip as well.

1:12.9

God, you go so many different ways with this. I mean, if you're doing straight up cash,

1:18.5

and I'm imagining me doing it with the kids, and like every time I do dinner, I'm just dropping

1:22.8

windows. That'd be cool. So cash would, cash would be fun, but if you lose it, yikes.

1:30.4

So I probably wouldn't pull the cash out, but it would be, it would be tidy in that way.

1:34.8

You're like, yeah, vacation's safe. I've got the 12 grand in cash, and I've stored it in all

1:38.0

kinds of different places so that it were diversified per the location, and then you could just

1:44.4

use that nice and tidy. Okay, I like that. Start up a brand new budget. I wouldn't do that.

1:53.0

Yeah, it just feels like a little much. I mean, if the budget was three months, or the

1:58.2

vacation was three months long, I still wouldn't do it. I like the idea of having it be in a separate

...

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