Paying off a pre-existing cc balance over several months--why can't I get my mind around how YNAB displays this??
I just started a new YNAB budget 2 months ago, and even after reading post I can find about credit cards, I still can't figure this issue out.
I've used YNAB for a long time, and typically never carry a credit card balance from month to month, so its always been easy for me to understand how transactions get transferred from budget set-aside categories to "available" money for credit card payments. But in this new budget, I started with a balance of about $6,000 which I'm paying off by $1000-$2000 per month, while also covering any new spending on the card.
I don't understand how to comprehend how the app displays this. Take this month: the remaining CC balance was $3,322. I had budgeted $1000 in the category for that card, and paid it. After the transaction processed it is listing the CC balance as $4,322 - basically it transferred the $1000 from my checking account to the card, and is still listing that $1000 as a part of my total available cash. But it isn't available! I spent it paying off the card! The balance should now be $2,322, not $4322! Also, new transactions on the card are not being added the available "payment" column for the card--shouldn't they be there, indicating that money being set aside for next month's payment?
I hope this question makes sense. I'm super confused. Starting for a 0 balance on a credit card is easy to do in YNAB, but now that I started with a balance--and am not paying it off completely each month--I'm totally lost. Many thanks!!