Credit card never has enough money set aside for payment?

Hi,

I'm using a credit card which I pay out in full every month.

I assume that every time I register a purchase, this amount of money should always be set aside as payment in the "Credit Card Payments" section.

However every month it comes up at least £200 short! No categories are overspent, and yet by the end of the month if card balance is say -£1000 I will only have approx £800 set aside for credit card! Any thoughts on how to solve it?

 

Thanks in advance for any help.

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  • Are the budgets set to zero in the previous months? That should mean you have been paying in full every month, and also assuming your card had zero balance when you started. Any deductions/additions in previous months will affect the available in the current month. 

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  • Are you budgeting to re-align them or do just leave it? Did you ever budget to pay the starting balance on the card? Do you have any other transactions on  the card besides budgeted spending and the payment transfer? Returns? Outgoing transfers to other accounts?

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  • Thanks for your answers!

    Yes, I just add money directly to the "Credit Card Payments" category each month.

    Starting balance on the card was zero, I only started using it about a year ago, and always paid it out each month.  I have double-checked, and for the current month there is one return, which is less than the discrepancy I have.

    No transfers to other accounts from the credit card.

    So as of today for example my balance is -£1189, all categories for April are in the green or gray, and I only have £899.65 as payment available...

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      • satcook
      • satcook
      • 3 wk ago
      • Reported - view

      Le Mirador are you paying all the way to $0 when you pay??  If so does your card balance ever go positive?

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      • Le Mirador
      • Pink_Banjo.8
      • 3 wk ago
      • Reported - view

      satcook I pay all the way to $0 when I pay. I don't think I have seen my card balance go positive. I'll try to setup a test budget and see where it takes me, I suspect it has something to do with the delay of the statement dates, i.e. I'm not paying for the usage from 1-27, but for usage 27-28 of the month, something like this...

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      • satcook
      • satcook
      • 3 wk ago
      • Reported - view

      Le Mirador turn on the running balance in ynab to see if it goes positive. If you are paying for pending transactions that could definitely mess things up 

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  • Actually, so what you are saying is you have to add additional budgeted funds to the card category to make the available your balance? Actually I am noticing the same thing on my budget, where I have to budget 122 dollars to pay off in full. 

    I have a feeling it has to do with the starting balance and some dates on transactions from when I started fresh. Maybe that is it. If I find the solution to my issue, I will let you know. 

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      • Le Mirador
      • Pink_Banjo.8
      • 3 wk ago
      • Reported - view

      Slate Blue Pilot (2903ac015cdb) Thanks! I'll play around with a test budget if I get a moment. If I find a genuine bug I'll let everyone know. I'm leaning towards the conclusion that it's due to credit card statements coming out on the 27 of the month, rather on the 1st of the next one, but it needs more research.

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    • Le Mirador I think one or both of two things are happening here:

      1. After the month rolls over, you have overspending that creeps in at the end of the previous month. It sounds like there wasn't any in April, but you might try looking back further, too.
      2. Your card balance is going positive sometimes, and the positive balance is ending up in other budget categories instead of back in the Credit Card Payment category where it belongs.

      If you'd like, feel free to enable Support Access for your account and I'll take a look at your budget. Once you’ve done that, let me know—and mention whether you’d like to continue the discussion here or via email instead.

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      • Le Mirador
      • Pink_Banjo.8
      • 3 wk ago
      • Reported - view

      Matthew thanks a lot for reaching out! I have enabled Support Access, if you could look at the budget that'd be awesome, thanks!

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      • satcook
      • satcook
      • 3 wk ago
      • 1
      • Reported - view

      Slate Blue Pilot (2903ac015cdb) you have a bit of overspending. See how the budgeted spending and total spending don’t match??

      check previous months to make sure overspending didn’t sneak through at the end of the month. 

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      • Le Mirador
      • Pink_Banjo.8
      • 3 wk ago
      • Reported - view

      satcook yeah, I think that's what happened, plus some transactions that were somehow lost. All seems to come together now, and that extra money has returned. So ultimately the reason is that pesky lag between transaction happening and registering on the credit card. I guess the only two ways to bulletproof this is to record transactions by hand or not use a credit card.
      But thanks for all the help everyone!

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    • Le Mirador Glad to hear it! I'm still happy to pop in if something doesn't seem right.

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  • If you pay a card down to zero and it includes transactions that have the same date as the payment date, YNAB order of operations will pay the card off before spending the money, which will result in the card having a temporary and possibly unseen) positive balance.

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