Credit card "lost $1,700"

Started figuring out YNAB and started using my credit card a lot. August I owed $1,800 but for some bizarre reason only had $54 in my credit card category.

So in September I stopped using my credit card until I figure out why I had a positive balance.

So until I figure out what the heck I'm doing wrong I'm not going to use my credit card anymore. I only used it for the reward points.

YNAB Support sent me a couple of videos on why you have a positive credit card balance, and I watched one but it still doesn't seem to make sense to me.

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  • When you added the credit card account to YNAB did you allocate funds for the existing balance to the Credit Card Payment category?

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      • Mr. Ed
      • mR_Ed
      • 3 wk ago
      • Reported - view

      jenmas Yes I did, and credit card seem to run smoothly for several months and then I started using it more frequently. I think what happened was I had credit over spending and didn't see that so after a couple of months I got in a big hole.

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  • Is your credit card showing a positive balance in the accounts list?

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      • Mr. Ed
      • mR_Ed
      • 3 wk ago
      • Reported - view

      satcook it was, and I think I corrected that last month.

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  • There's a huge difference between what you owe -- the account balance -- and the amount of cash you have reserved to pay off that debt -- the Payment category Available amount. The #1 thing to do is ensure the YNAB cleared account balance matches the real-world account balance.

    If you owe $1800, the YNAB account balance should be -$1800 (negative).

    Only after that should you worry about the budget (Payment category). If you want this card to have paid-in-full status, the category Available must cover the entire account balance.

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  • Ok, I think I got it figured out because I had cc overspending every month for several months and it created this big deficit. I am going to eliminate cc and use cash again till I get more confidence in my budget...... I can't believe I can't seem to figure out this ynab budget 7 months later. I like ynab, but it can be so frustrating when I do one thing wrong. I "lost" 2 grand last couple of months because I did not understand cc budgeting... grrrrr. 

    ok back to cash and reboot...............  thanks for the help................

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    • Mr. Ed Overspending will be an issue with cash spending as well, so I'm not sure that's a reason to stop getting CC rewards. It is the overspending problem that you should be addressing. 

      Check category balances beforehand and reallocate IN ADVANCE if needed. This way it's not too late if you can't find a low-priority category from which to reallocate.

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