Credit Card payment from outside source
I know this has been discussed before but just want to confirm as I am new to budgeting.
I started ynab with $0 creditcard balance. so any purchases I make on the card are already budgeted.
I have the money to pay the statement in my checking account and ynab shows my credit card available amount in green.
Now I get a deposit into my credit card for $x. this came from an outside source not my checking account. I assume that would be similar to credit card cash back. Or let's assume my grandma gives me an allowance and pays it straight to my credit card company.
So I do a new CC transaction with payee "credit card from grandma" with category of To Be budgeted and an inflow amount of $x.
This changes my creditcard amount owed but does NOT add the money to to be budgeted and it leaves the available amount to be paid the same as well.
Can I now just move $x from "available to pay credit card" to the "to be budgeted" category and then budget those new funds?
Do I have this right in my head?
Yep, all correct.
In my view, the category "Inflow: To Be Budgeted" should really be called "Debt Management" in a credit account. That's certainly how it acts. If you think it's confusing to categorize something as TBB... which doesn't actually show up in TBB... you might make a feature request so they know how you feel.