Credit Card Account Sharing

Hello,

I share a credit card account with my spouse (strictly to rack up points). When I link the credit card account to YNAB it shows the balance for the entire account opposed to my transactions. However, the credit card company has provided us with separate log ins and separate credit cards with different numbers. YNAB seems not to be able to differentiate. Have any of you ran into this problem? If so, how did you resolve (outside of getting another account/kicking someone off your account)?

Thanks in advance

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  • If you're importing, then it's actually on the bank's side. YNAB just accepts what the 3rd party import provider gives them, who in turn just accepts what the bank give them. Most joint credit cards accounts have a combined account and balance in my experience, even when there are separate card numbers.

    When you login to the web site, do you see only your transactions with your credentials? When you import, do you only see your transactions? If so, then a one-time adjustment of the YNAB balance makes it "your" account in YNAB. (Additionally, the fact you were able to see the combined balance sounds like your CC isn't respecting the boundaries of your credentials.)

    If import brings in your spouse's transactions as well -- and I'm assuming you don't have joint finances -- then I suggest you simply unlink that account and enter transactions manually. (That's actually the recommended workflow, with import meant to aid reconciliation.) Reconcile to your card's balance, again which I assume you can find on the CC's website. 

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      • The Contrarian
      • Real Estate Investor
      • the_contrarian
      • 3 mths ago
      • 1
      • Reported - view

      dakinemaui Thanks for sharing. I wanted to automate this as much as possible but I can see that may not be a possibility with YNAB. When I log into my account (AMEX) I only see my CC transactions. In order to see my spouse transactions I would need to sign in with a different login. We don't mix our finances, thus the reason for the budgeting frustrations. Otherwise, keeping our money separate has worked well for us.

      Like 1
      • dakinemaui
      • dakinemaui
      • 3 mths ago
      • 1
      • Reported - view

      The Contrarian Many people believe you will be better in touch if you enter manually, and the fact you're never behind waiting on the import delay makes for more accurate spending guidance. We've been doing it manually for many years. Most transactions are entered during the wasted time waiting in line at the checkout counter, or I just have my kid enter for me while driving home. It really is quite easy with the mobile app.

      I will import from a file on my high-traffic account to speed up reconciliation, but giving my password out violates the terms of agreement I have with my bank.

      Like 1
      • ynaber2613
      • ynaber2613
      • 3 mths ago
      • 1
      • Reported - view

      dakinemaui +1 here for manual entry.  I like the idea of letting your kid enter the transactions for you, a good way to get him/her involved in budgeting.

      Like 1
    • The Contrarian I have a similar situation, where my wife and I are paying down a credit card from consolidated balance transfers. Even if I make the account unlinked (manual), how do I categorize payments from my wife? We do our finances separately too and can't figure out how to enter this in my budget. Any help would be great, thanks!

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    • Maroon Stallion Categorize your wife's payment as Inflow: To be Budgeted. This will reduce the balance on your card but won't affect your budget otherwise.

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      • dakinemaui
      • dakinemaui
      • 2 mths ago
      • 2
      • Reported - view

      Matthew I disagree.  It's effectively a reimbursement scenario. The inflow should go back to the category used for the outflows.

      Like 2
    • Matthew Ahhhh, now I get it. A payment for debt categorized To Be Budgeted doesn't show up because the software knows it reduces debt, because it's really not income. I didn't think it worked that way. Thanks!

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  • Hi Cornflower Blue Commander !

    The Amex card I have performs in the same way - even though my husband and I have separate logins, all of the transactions are listed together. That card is in our shared budget, so I categorize all the transactions as normal.

    If you don't intend to share your budget, you can either manually enter just your transactions (like dakinemaui mentions), use direct import and delete the transactions that aren't yours, or include all of the transactions - categorizing your spouse's transactions to a "Spouse's Spending" category while categorizing your transactions as normal. The latter method will leave the "Spouse's Spending" category continuously overspent (since you won't be budgeting to pay for that spending) and the former methods will add an extra step to reconciling (you'll need to find the account balance for just your transactions and not those of your spouse).

    I like the idea of having tabs on the actual account balance and not just my portion, but if you prefer to only monitor your spending in that account than the first option is the way to go! :)

    Like 2
  • Many thanks. Most of the transactions are mine. We don't mix our finances and it has worked well for us. I was hoping I could automate the process a little more. I will take your advice. Kind regards

    Like 1
      • dakinemaui
      • dakinemaui
      • 2 mths ago
      • Reported - view

      Maroon Stallion Her payment should be a normal inflow (not a transfer) categorized to the same category as her outflows.

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    • dakinemaui We budget separately, so her checking account isn't in my YNAB budget. So when her payment shows up on the credit card, I don't know how to classify it. YNAB asks for a Category, or Payment but I can't show it as a transfer since her account isn't in the budget.

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      • dakinemaui
      • dakinemaui
      • 2 mths ago
      • Reported - view

      Maroon Stallion Her credit card transactions are showing up in your budget, so you must be categorizing them to something (e.g., "Partner's Spending" or whatever). The inflow in the on-budget CC account (her payment) should be categorized to that same category.

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      • The Contrarian
      • Real Estate Investor
      • the_contrarian
      • 2 mths ago
      • 1
      • Reported - view

      Maroon Stallion that’s a tough one. You’ll prob have to unlink the account and enter it manually. That’s what I ended up doing. That was the only way I could keep the books straight. 

      Like 1
    • The Contrarian Thanks- as a perfectionist it drives me crazy that YNAB keeps asking me to categorize my wife's payment. It is a transfer from her checking, but that account isn't included in my budget.

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    • @dakinemaui So I unlinked my credit card, and changed it to a Liability because it was a Balance Transfer. I'm just tracking the account now and can enter my wife's payment without needing to categorize it. As for payments from my checking, I created a Balance Transfer category and budgeted for those payments. 

      Like 1
      • dakinemaui
      • dakinemaui
      • 2 mths ago
      • Reported - view

      Maroon Stallion do you not use that card for any of your budgeted purchases? If so, it needs to be a credit card account. The payments are easily handled as I previously described. See this for additional detail.

      https://docs.youneedabudget.com/article/183-reimbursements

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    • dakinemaui The credit card is only being used to pay off debt. No purchases are made in the card.

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      • dakinemaui
      • dakinemaui
      • 2 mths ago
      • Reported - view

      Maroon Stallion why even have it in YNAB then? Seems like a bit of work just to get the same information shown on the statement.

      If you have the option, you might want to import. At least then it won't be any effort.

      Good luck with everything!

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    • dakinemaui I still need to enter payments that I make from my checking. Matthew cleared up the confusion on my part. My wife's payment is categorized as To Be Budgeted, but never shows up as income because it's paying down a debt. This software is brilliant for recognizing this!

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