I'm new to YNAB and I want to update my starting balance on a credit card so that the starting balance reflects the beginning of the month.
Hi Cadet Blue Battery !
I agree wholeheartedly with WordTenor . You don't need to enter previous transactions on that card, but you can if you really want to have them.
After connecting an account, if you decide to import past transactions (since the first of the month, for example) you can change the date of the starting balance transaction. You will also need to adjust the amount of the starting balance.
Let me know if you have any other questions, I'm happy to help!
Apologies in advance because I'm still struggling to understand credit cards.
I took your advice and did a fresh start. My question now is about my credit card balance. Let's say 60% of it is my current statement, due in Oct, and 40% isn't due until after that. So, I guess I'm not paying the entire balance every month, just what is due from the last statement so as to avoid interest. So in that case should I put my statement balance as my CC balance? Or should I put the whole amount? I tried selecting the option to "pay it off by a certain date" when I recreated the account, but then it just splits the balance in half, which is not what I'm doing. Can I budget just what I need for the current statement for the current month?
Thanks for your patience.