
Credit cards
I finally bit the bullet and uploaded my credit card into YNAB. I owe about 4000 on it. How do I pay it down with out assigning a category to it? I want to pay it down, but I can't do it all in one month. It wants me to assign it to a category, but then that category will be in red because I don't have enough money. Any ideas?
I want to keep it so that future purchases have a category so I don't get into this pickle again.
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You'll assign it to TBB and it won't affect your budget. Then you'll be able to use the credit card goals to budget for your payoff.
https://support.youneedabudget.com/t/18kz50/getting-out-of-debt
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I really encourage you to check out the Credit Card class that YNAB offers - https://www.youneedabudget.com/classes/ . It really helped me to understand WHY credit cards work the way they do. And why it's important to include them in your budget.
And I second calling your CC company about a lower rate! And if you have more than one credit card, also check to see if you can do a balance transfer for a lower interest rate. I used this website to help me compare offers when I transferred my debt to a lower rate card - http://www.bankrate.com/calculators/credit-cards/credit-card-balance-transfer-calculator.aspx