Interest in pay off debt goal
On YNAB when I ask it to give me a goal on my Visa it doesn’t factor in interest. Is there a way to add a APR so it gives me a true amount to hit my target pay off goal date?
There is not, what you could do is ever couple of months adjust the balance this will take in to account the interest. I know a bit of a pain. The other thing that you can do is take your amount due and multiply by about 17%, this should put you a bit over as as the amount it paid off the amount of interest accruing is less.
Bit of a left field answer.
If you are carrying any debt the interest you are paying becomes a true expense - you have to pay to carry the balance.
If you have an interest category with a funding goal, the sum you fund each debt category is your pay down with the interest charged logged against the interest category to service the debt (and let YNAB do its thing so you are paying it)
As the balance goes down so does the True expense.
If you follow this route your projection will be more accurate.
Sir Wade There isn't a way to add in the APR, but your goal will adjust as interest is added. If your original goal is to pay off $100 in 5 months, YNAB will tell you that $20 needs to be budgeted towards that category each month. If you add $25 in interest, making the new balance $125, YNAB will adjust to show that $25 is now needed each month instead. :)