CC Payment Exceeds Working Balance
I've been using YNAB for a few years now. I typically have no issues with my CC balances/accounts. Something has come up and I cant seem to figure it out. I'm on the verge of wipe/restart.
My credit card required payment ($ -67.57) exceeds my working balance on the card ($-58.34). I'm totally confused. Firstly, my payment is typically a positive number not negative, if memory serves. Additionally, I don't use a "credit card" budget line. I have all of my budgeting categories, I use my CC for all expenditures and match the payment to whatever budget line is appropriate.
I pay my CC from my checking account, which is totally balanced and reconciled. My savings accounts are balanced and reconciled. From what I can tell all of the charges on the CC are current and appropriately sorted. The Working Balance matches exactly to whats on my card.
Can someone please help my understand why there is a discrepancy?
I too have had some issues, but I think it may be me. My payment amount is $1.67 less than my working balance. I may be off in my 3 uncleared transaction, but this isn't the first time I've had this happen. I am going to follow your post to see if it will help me as well.
I do believe that once I had categorized a payment as an "outflow." This may not be your problem, but at least review your last payments since your reconciled to see if all payments to the card are categorized correctly.
You have overpaid your credit card. You sent $67 to the card that is in reality reserved for other things in your budget. This might be due to overspending categories, failing to budget for the opening balance on your card, or using the card to make cash transactions (on-budget gift cards, for instance). You need to budget $67.57 plus your working balance to bring the card payment available back to being equal to your card working balance.
Note that the card payment category is not how much you’re supposed to pay. It’s how much of your budget is reserved for making the payment. You are responsible for knowing how much you want/need to pay and budgeting the payment appropriately.