Calculate how much debt am I adding per month?
I am living on my credit cards in some months and I want to know how much debt am I adding on to my total balances in ynab. What's the best report or best way for me to see this?
I fall off the wagon often so apologies if I am missing something simple here.
Hey, bythepower ! There's a great debt tracking/payoff tool that might help you that's free. It's called Undebt.it , and it adds a good deal of insight into your debt. It also connects to your YNAB data via the API they released earlier this year. There's a paid version (a whopping $12) as well that adds features that I personally find useful, and you can try those premium features free for 30 days.
As for how much debt is being added, I don't see a report in YNAB that does that right offhand. It looks like you have to drill down into each budget category to see debt spending vs cash spending, but I could be missing something.
Hi bythepower !
Have you taken a look at the Income vs Expense report? At the bottom of the report, it gives you an overall net for the month - green for positive and red for negative. If you spent more than you made, that number would indicate by how much. It isn't specifically for tracking new debt, but I thought it might help! :)