Hello forum members,
This officially I think is my first actual post so here it goes. I'm a YNAB user and love to use it for basic budgeting. I say basic because I'm unemployed (recently graduated) but should be getting a job rather soon. As such I would like to monitor my savings rate and ensure that I try to increase this every year if I can.
I understand that savings rate can be a complicated issue. That said I thought it would be easy with using YNAB as it shows your income and expenses. The thing is though this doesn't take into account tracking accounts into the income and expenses report.
I'm a user of Personal Capital and could start checking Mint if needed with my accounts if this would work.
Specifically, as for savings rate, I'd like to calculate the amount of money I've added to investment accounts each month in addition to living expenses and divide that against my salary. I think that makes sense unless it makes sense only in my head.
The goal would be to maintain a spreadsheet that I would update at the start of every month with recording the previous month's savings rate. Then I'd like to track on a per month basis and per year to hope to constantly go up.
I'd greatly appreciate any assistance or help, thanks!