YNAB Credit Cards Feature is going to send be back to Mint

I have been using ynab for probably 8 years now. Its helped me a lot and I swear by it. But the credit card system is killing me. I pay off my credit cards about twice a month to make sure nothing accumulates but when I manually balance out the numbers for the credit cards (since none of that happens automatically), it messes up all the numbers up top. So my "budgeted amount" for the month reflects about $1300 less then my monthly budget ACTUALLY is and my money available for the following month is about twice what it should be. So everything gets completely thrown off and the only way I can manually fix everything at the end of the month is because I have this all noted elsewhere. I just feel like the amount of work I have to do myself to make the credit card system work- make me unsure of why Im still using ynab because Im doing the hardest part myself. 

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  • Can you explain how you manually balance the numbers??  Once I understand that I can try to help. 

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  • If you've been using YNAB for 8 years, then you used YNAB 4. 

    In YNAB 4, the budget showed your post-payment debt on the card and the card's balance, leaving you to calculate how much you could afford to pay. 

    In the web app, the budget shows the card balance and the amount you can afford to pay, leaving you to calculate the post-payment debt. 

    That's the only real difference. If beyond that you are struggling with CCs, it is because you were actually struggling with CCs in YNAB 4 but you didn't know it, because version 4 allowed you to pay more than was set aside without warning you that you had done so. 

    Correct overspending in the month it happens (this is not new)
    Pay no more than the card's category says you can afford

    Do those two things and CCs will cause you no trouble.

    Like 3
  • Green Colt said:
    my "budgeted amount" for the month reflects about $1300 less then my monthly budget ACTUALLY is

     The CC handling has nothing to do with that. I suspect you have simply budgeted to a future month. (The Budgeted In Future header will be non-zero if this is the case.)

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  • I hated the new credit card handling as well, just convert your credit card accounts to checking accounts and you will be back to YNAB 4 behavior.

    Like 2
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 9 mths ago
      • Reported - view

      ynaber2613 I had that written out last night but decided not to post it as the OP should really understand how the CC system works before making that change. They should understand why their CC budgeted amount was underfunded as they currently have an inflated budget and not enough funds set aside to pay off their CC balance in its entirety.

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    • ynaber2613 I really HATE how YNAB does CC. Does converting the CC accounts to Saving or checking work? 

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 4 mths ago
      • 2
      • Reported - view

      Slate Blue Elk Yes. Mine are checking accounts. Been doing it that way for a few years now.  If you had any experience with previous YNABs, it acts exactly like CCs used to.

      Like 2
    • Superbone Wonderful! I've just switched mine over. I HATE how YNAB handles CC. It gives me a headache every month. I loved how it used to work. I can't wait to move forward with them as checking! Looking forward to some relief! 

      Like 1
  • WordTenor said:
    Pay no more than the card's category says you can afford

    The corollary is: if you want to pay the entire account to $0, the card's category better match the account balance.

    If the two later diverge, then you've done something other than a budgeted purchase. Guaranteed.

    Like 5
  • Personally, I don't like the way they handle credit cards.

    I usually just hit the amount and move to be budgeted.  I know this is not how you are supposed to use them but it works for me.

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      • WordTenor
      • Can we agree that goals are dumb and immature? Sure.
      • WordTenor
      • 9 mths ago
      • Reported - view

      VoltaicShock huh?

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    • WordTenor When you click on payment for credit cards, it gives you a dropdown to move and I hit "Inflow: To Be budgeted"

      From what I understand with YNAB and credit cards this is not how it should work.  I just don't like seeing an amount there and I zero everything out each month. 

      Same for my categories, say I have an extra $100 in groceries I just zero it out at the end of the month (change the budgeted amount to what I actually spent) and either use it someplace else or it goes back to groceries.  I like to see $0.00 for everything each month.

      This works for me but probably not for others or even how you should use it.

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      • WordTenor
      • Can we agree that goals are dumb and immature? Sure.
      • WordTenor
      • 9 mths ago
      • Reported - view

      VoltaicShock It’s not actually about where it comes from. If you have to adjust your card payment category every month it’s because you are consistently overspending or otherwise not attending to your budget. You shouldn’t have to cover it from anywhere if you are handling the rest of your budget correctly. If your account is negative, your card payment category needs to have money in it equal to the amount it is negative. 

      Moving grocery money at the end of the month is personal preference. Zeroing out the card category at the end of each month when the card isn’t paid to zero is an incorrect thing to do.

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    • WordTenor My issue is I pay it off every month and don't like seeing it there.  I have the money to pay it off every month.  I just like it set to zero at the end of the month (I like to see everything zeroed out).  I could go back and change all of my previous months.

      Good to know about the other way as I thought maybe that wasn't right.

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      • WordTenor
      • Can we agree that goals are dumb and immature? Sure.
      • WordTenor
      • 9 mths ago
      • 3
      • Reported - view

      VoltaicShock If you want the card category to be zero at the end of the month, then you have to pay the card to zero on the last day of the month. This will cause the card category to become $0 as well, representing that your card balance is $0. This is, IMO, a waste of your time,  but that is just my opinion vs. “Don’t move money out of the card payment category at the end of the month” which actually is the wrong thing to do.

      If you pay your card in full each month, as most long term YNABers do, that status is represented by having the card category equal the card balance (but positive) at all times. Not by it equaling $0.

      Like 3
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 9 mths ago
      • 4
      • Reported - view

      VoltaicShock If you're not going to use the CC payment system correctly, you might as well convert them to checking accounts. Otherwise, your budget is out of whack when you clear out the payment category. Now you are double-booking those funds as they are no longer available for payment even though you pay them off. Now your other category amounts are no longer trustworthy.

      Convert Credit Card to Checking

      1. Create a new account to replace the current one by clicking Add Account > Unlinked.  Select Checking, give it a nickname (it will need to be slightly different than the original account), and enter 0 for the balance.
      2. Go to the original account, select all of the transactions, and move them to the new account using the Edit menu. The next step will be to delete the original account. First check the Notes area for the credit card payment category in case there’s anything there you want to save.
      3. Okay, it’s time to delete the original account. Click the Edit icon next to the account name in the left sidebar, and you’ll see the Delete Account button. Be sure to save any text in the Account Notes field if needed.
      4. Now, you can edit the name of the new account and/or link the account if you'd like.
      Like 4
      • dakinemaui
      • dakinemaui
      • 9 mths ago
      • Reported - view

      If there is much history, or if this card wasn't always paid-in-full, I think it's better to make a transfer to zero out the balance in Step 2 rather than moving transactions. The impact to the budget will be solely on the current month.

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