Going back and changing credit card setup
How do you go back and change the setting on your credit when you skipped that option during set up.; i.e. budgeting to pay the balance off
Hi Ivory Hammerhead !
There is no need to go back in time! As adriana mentioned, you can budget in the current month to pay that credit card in full.
If you'd like to set up a goal to pay it down over time, here are the steps on how to create a credit card goal. Choose the option to Pay Off Balance by Date or Pay Specific Amount Each Month—whichever works best for your budget!
A related question. I pay in full each month. I have been a ynabber for years, and have been using the web-based version for a little over one year (fresh start).
1. My current CC balance is $2717.76. This is the working balance and the cleared balance as I have no uncleared transactions, including the most recent transaction, which is PIF. Thus, I have all cleared, reconciled transactions for this account. So in my budget, I budget this month to make the available to match, $2717.76. Is this correct?
2. I feel as if I am being dense, but, if I have no new transactions, all are reconciled and I have recently paid the full balance, why does the register show any balance at all?
Thank you for the reply. We will see how it does not that I have the available balance matched to the CC account. On the second point, I just don't see it. I adhere to the best practice of paying off the statement balance.
I appreciate your help, but have struggled with this since converting to the web-based version.
Violet Lobster said:
I pay in full each month.
Violet Lobster said:
I adhere to the best practice of paying off the statement balance.
Paying the statement balance is not "paying in full" when you've made any purchases between the closing date and your payment date (as most people do). By having the entire account balance reserved in the Payment category, you are ABLE to pay in full at any time IF you wanted to do so. That is what I would call "paid in full status", for lack of a better description, which is the goal within the budget. It's merely that there is no reason to actually do so, and indeed there are advantages to paying only what they've requested (the statement balance).