YNAB Credit Card handling
I've been a YNAB user since YNAB2, and I am fed up with the stupidity that is YNAB Web Credit Card handling! I just spent three hours to figure out that every time over the last year when I transferred money to my credit card, I was storing up trouble. I have always looked at my CC balance on the bank's website and just paid that, or sometimes a little (or a lot) more. After all, I don't carry a balance, money anywhere is money somewhere...I have YNAB to ensure I get that right! (so I thought)
It turns out I have to find 600 Euro extra this month because YNAB stupidly treats an overpayment as money to be budgeted, which I duly budgeted in other categories! This means that, despite the fact that I have paid my credit card off every month for the last 7 years, I have actually been on the float since switching to the new version of YNAB. Thanks for helping me accrue debt with your, we know better, attitude to credit card handing.
(Yes, I feel better, and yes, I'll keep using YNAB because I'd be bankrupt without it...but really, your credit card handling is madness)
Hi Doug !
Thanks so much for your frank and honest feedback about the credit card handling, it really is appreciated. We'll never finish improving credit card handling, so I'll be sure to pass along your feedback so it can be taken into account during the research process. Overpaying a CC (therefore creating a positive balance) is an especially sticky subject, and a pain point for those who experience it! I am so very sorry that you ran into that, and had to spend so much time/effort to clean it up.
Here are some pointers that will hopefully help:
When your credit card has a positive balance, YNAB treats it like any other cash account - the positive balance is added to your To be Budgeted amount. Here are some important things to note about cards with positive balances:
- You may see that the amount Available in your Credit Card Payment category is negative. That’s because you sent more money to the card than you had Available. Use some of the ‘extra’ To be Budgeted money to cover that overspending before you do anything else.
- When you make a purchase on a card with a positive balance, no money will move to the Credit Card Payment category, since you don’t have anything to pay back.
Let me know how it goes!