Why does payment to Pay Off Credit Card require a Budget Category? and What Category should I use
I am trying to get started and I am CONFUSED!!! I have auto downloaded from my checking account and I was happily categorizing debits until I got to one ,"Payment to Costco Anywhere Card" (this is a visa card); Iget that this is a transfer, but the YNAB Credit Card video showed that the budget category should say, "No Category Needed". But I am being prompted for a budget category. And I have no idea as to what category this should be applied to. Help!
Hi Biff Trout !
I believe WordTenor is right! Instead of "Payment To Costco Anywhere Card" look for a payee that states, "Payment: [Name of Account]". If you named the account "Costco" in your budget, then the payee would be "Payment: Costco" - it should also be towards the top of your Payee list.Reply