Partially Budgeting Credit Card Interest - Multiple Cards

If I budget for some of the interest on my credit cards but the amount does not exactly match that month's amount on a specific card, how does YNAB know which card's available amount should be updated with the budgeted dollars?

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  • It doesn't. When the interest charge comes in, you'll categorize it as Interest, and it will reduce the available amount in your Interest category.

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    • mamster So it doesn't handle a budgeted interest charge the same way as a budgeted purchase on the credit card?   If I make a budgeted purchase on a cc  YNAB  reflects the dollars in the cc available column so that I know the money is available to pay the cc.  If it does not do that for the interest category how do I know that the money is available for payment?

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      • bevocat
      • Sometimes, It Just Sucks to Be You
      • bevocat
      • 1 yr ago
      • 1
      • Reported - view

      Slate Gray Python So you're entering it as a transaction just like any other purchase for gas or groceries, but the category is Interest and you've budgeted to that category? Sure, when you enter the transaction in the credit card's account and categorize it to Interest, it'll reduce the available amount in the Interest category and move that money into the credit card's payment available amount just like any other budgeted purchase.

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    • Vibrant
    • No more counting dollars, we'll be counting stars
    • vibrant
    • 1 yr ago
    • 3
    • Reported - view

    It appears to fund the oldest CC  activity first. I currently have two interest charges of $32.14 (1/6/19) and $93.83 (1/19/19) (totalling $125.97) that I haven't budgeted for yet. If I add less than $125.97 to my CC Interest budgeted box, it moves $32.14 to that CC's payment bubble and the remainder to the other card.

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      • mamster
      • mamster
      • 1 yr ago
      • Reported - view

      Vibrant Ah, I don't think I understood the OP's question. This makes sense.

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  • Vibrant mamster Thanks for your help!  I couldn't find anything  addressing this issue in the forum or any credit card related videos. 

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