What am I missing?

I don't understand this at all....DiscoverIT card. Paid in full last month. Budgeted this month electric bill for this month, so no float. Where is the $22.38 coming from? I have not charged that to the card. I'm beginning to think I'm never going to understand CC in this software.

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  • The activity is just the total of what has happened on the card this month. You paid $117 and then your next bill of $105 was put in the card. That’s a difference of $22. 

     

    Its not really information that matters.....

    Like 1
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      satcook That's just confusing to me. Why is it there if it doesn't matter? And why the $149.86...It should be $105.40.  I'm not sure I'll get this.

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

      Momofboysx3 The $149.86 is the amount you have set aside in the CC payment category in the budget to pay the next bill. 

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      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger But I don't. Actually, in this picture I have nothing budgeted.. But once I budget the $105.40, then I end up with even more!

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

      Momofboysx3 Sorry I should have been clearer. You have $149.86 available to pay that credit card. You can see that balance in the available column in the screenshot. That has been moved there by YNAB when you have made budgeted purchases on your credit card this month. So if you had, for example, $50 in your groceries category and bought $20 of groceries on the credit card, YNAB moves that $20 from the groceries available balance to the credit card available balance. It only moves money if there is sufficient available in the relevant category and if the credit card balance is negative.

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      • dakinemaui
      • dakinemaui
      • 11 mths ago
      • Reported - view

      Momofboysx3 YNAB helpfully sets aside the cash backing every budgeted purchase toward paying off the debt incurred for those CC purchases. Thus, the CC Payment category increases without you having to budget toward it. It's primarily if you want to pay more (e.g., you're paying down a past balance) that you would explicitly budget something toward that Payment category.

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

       Momofboysx3 BTW what's the transfer of 127.78 in your original screenshots? 
      The $22.38 is just the sum of the -$105.40 Infuse Energy and the $127.78 transfer that isn't fully shown. Is that the payment?

      Like
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger 127.78 was my electric bill last month, which I paid in full from my checking account. 105.40 is my electric bill this month, which I budgeted for. It should be simple, but it's not. But accounting not my strong suit.

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

      Momofboysx3 OK. Just to be really clear. The $127.78 in the credit card isn't the electricity bill directly or it wouldn't show up like that. Is what actually happened?

      Oct 19 - paid for electricity bill with credit card $127.78

      Nov 19 - paid credit card bill (either all of it or just the bit pertaining to the electricity bill) from the checking account $127.78

      It may sound like I'm being pedantic but it would help your understanding (and ours to be fair).

      Like
      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

       Momofboysx3 Is your credit card reconciled? If so, then what I can see from the part screens you've posted is that the current credit card balance is -$105.40 but you have $149.86 in the available column in the CC payment category.

      If this is true then you can release $44.46 back to TBB or any other category that needs it. I'm not sure why the pill is orange. Do you have a budgeting goal on that credit card?

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      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger I have the electricity bill set up to be paid automatically on my DiscoverIT. So my electric company charges my Discover the amount owed each month. October it was for 127.78. I paid that bill in full. Nov 5, I paid the disover bill 127.78. On 11/15, Infuse Energy charge my Discover 105.40.  So I put aside that amount in my budget to be paid this month.

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      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger OMG,, $44.46 is the cash back amount that I had applied to a former bill... It never goes away! I am not a stupid person, but the cash back thing is a major PITA!!!!!

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

      Momofboysx3 Cool. That's just not quite what you wrote.

      You're doing that bit right. You budget the balance of the electricity bill to the electricity category (or whatever you call it) and then YNAB moves that to the CC payment category. Sorted.

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

      Momofboysx3 You can move it wherever you want in the budget now.

      If your reconciled CC account balance (-) is equal and opposite to the CC payment category (+) then you've achieved true PIF category on that card and any excess is yours to use wherever else you may need it in the budget.

      Like
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger UGH...I thought I had already moved the cash back reward. I truly feel like I have absolutely no idea how much money I really have to budget.. It's all make believe money. It doesn't help that last month and this month have been very much out of the norm spending months for us...

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • 3
      • Reported - view

      Momofboysx3 If your accounts are all reconciled then none of it is make believe but that's the key thing - making sure all your accounts are regularly reconciled and don't just post reconciling adjustments.  I can't think of a reason I'd ever use one*.

      * I can possibly think of reasons why others may use them but I'd never use one. Even if my budget had gotten crazily out of sync and I'd not updated for months I'd either spend literally days putting it right or start a new budget. I'm like that.

      Like 3
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger everything is reconciled. I do that every Friday.

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • 1
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      Momofboysx3 Then the total money in your budget is real.

      To fully trust all your categories you need to make sure you have no overspending in your budget too.

      Like 1
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger Yeah, this month we are floating some credit card stuff..  $3700 in vehicle repairs will mess with you....

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
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      • Reported - view

      Momofboysx3 Properly floating? As in all categories are OK except the CC categories which have $3700 less in them than the CC balances whilst you continue to pay statement balances in full?

      Good luck with that. It's possible if you know what you're doing but understanding what you're doing takes a bit of knowing YNAB. 

      It's 02:38 here and even with my recovering from surgery sleep delay, I really ought to get some sleep. You have got this.

      Like 1
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger We are pulling from another fund to cover the overspending. We had to pay for two college tuitions on top of paying for the vehicle repairs.  We did so knowing that we were going to pull form another account to cover everything. We are just waiting for the money to come through.

      I hope your recovery comes through quickly!

      Like
      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • 2
      • Reported - view

      Momofboysx3 Ah, then you are not floating in the YNAB sense so we're all good. You either, depending on how I read your sentence:

      1. Had actual funds that were previously off-budget that you used to cover the vehicle repair costs.
      2. Covered the repair costs from a long-term category in your budget.

      Either way, the costs were covered by real money. You will be absolutely fine.

      Being on the CC float (at least as we define it here) is when you are paying your credit card in full each month but you are essentially using this month's money to pay last months spending. Lots of people arrive in YNAB not realising that this is what they are doing and don't realise they have an issue until they have to budget for expenses in the month as well (including those paid on credit card) and last month's credit card bill. One option is to stop 'riding the float' and immediately just start paying what you can budget  directly to that starting balance but this obviously incurs interest. There are ways to manage the budget so that you can rely on your category balances for day-to-day spending whilst also slowly getting off that float. It depends on cashflow management and putting current spends on CC to make sure that payment category has enough in to cover this month's payment, etc. It's not excessively complicated but you need to know what you're doing. When you said you'd 'floated' the cost, I read that as you were trying to cashflow it through the CC in this way (I've done this for smaller Murphys in the past) and that would have required a longer conversation so that you fully understood how to flow this through your CC accounts. Not needed here. 

      Like 2
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger Thanks for the help! Yeah, I'm not floating in the real sense, just that right now I technically don't have the cash to cover the categories at this moment. We are pulling from another account that I don't have on YNAB. (I need to not know it's there, otherwise I want to spend it)

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

      Momofboysx3 Again I may be misreading what you've written but just to confirm have you recorded a transfer into the budget of the funds you have borrowed from your off-budget fund? i.e. you have put those dollars on budget temporarily haven't you. Anything else, might lead to more difficulties in monitoring the situation.

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      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger I think I've written things like you can read my mind and muddled two things together. Sigh. I do that sometimes...The card in the screen shot is covered, funds are there. There is no "float" on that card. I wrote a check for the van repairs because they don't take credit cards. I had to put a kid's tuition on the credit card, since I used their cash on the van. At this moment, I don't have the funds to cover that CC in TBB. They will be there before the end of the month. Is that clearer than mud now? LOL Is this ok? It's kind of like getting  paid multiple times a month. I have funds dispensed in the categories that are now. Later funds will be dispensed later, but before end of month. Therefor no actual CC float.

      Like
      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • Reported - view

      I think I understand you. Where is the overspend currently reflected in the budget? In the kid's tuition category or as a discrepancy between the credit card account balance and the credit card payment category?


       

      Like
      • Momofboysx3
      • I'm going to master budgeting, even if it kills me!
      • Steel_Blue_Mainframe.11
      • 11 mths ago
      • Reported - view

      monkeyhanger The "Ben" account is yellow with the credit card symbol, and the credit card is overspent by that amount.  I'm sure it's a mess. This is my second month, so I'm still doing more of guessing and moving a lot of funds around.

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      • monkeyhanger
      • No animals were harmed
      • monkeyhanger.1
      • 11 mths ago
      • 1
      • Reported - view

      Momofboysx3 The 'Ben' category is overspent and yellow with the credit card symbol. Sorry if it sounds like I'm being pedantic but it's important to be clear on the differences between accounts and categories. It helps you get to grips with the methodology and it helps others trying to help you.

      I made an error in my last comment too and I've just created some test debt in my own budget to check how it worked. The overspending was this month so you are quite right, there is overspending in the Ben category and a discrepancy in the credit card payment category. If you can correct the overspending in November then you budget it to the Ben category and the CC will automatically correct itself. If you can't correct it until December then you budget it directly to the CC payment category. 

      As you said you're not floating anything at this point, you're just carrying extra debt. When it becomes floating is when you continue to pay the full balance on the credit card even though you haven't budgeted extra funds to cover the overspending. 

      Like 1
  • IMO, the only important numbers in that Activity detail are the top two -- you want Spending and Budgeted Spending to be equal. If not, that means you have overspending.

    Some people like to know how numbers are calculated, and this is the breakdown for interested parties. In general, Activity is your budgeted purchases minus your payment.

    In this case, you have simply spent less thus far this month than your recent payment amount. Assuming the billing period is not aligned to the calendar month, it's fairly meaningless to even compare these. (The payment is for an entire month's worth of spending, and the spending is merely month to date.)

    Like
  • I literally *never* click on that CC pop-up. I wish they'd just take it out.  Whenever I've clicked on it my head explodes, and I've been using nYNAB for almost 4 years.  And I'm like monkeyhanger , I won't let a single penny be lost and have no trouble devoting a day (or more) to nailing that sucker down.  But seriously, ignore that CC popup.  The numbers are real, but it's useless aggravation to try to make sense of them at any given time.

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