paying CCs in full at end of the month

I think the power budgeters from the old YNAB are pretty well versed in how nYNAB screws up our budgets due to the new way CCs are handled in YNAB - especially for those of us who use a CC as a debit card and pay the entire statement balance off automatically as soon as autopay allows us.

As a solution to the problems of nYNAB, I was thinking I might just manually pay my entire CC balance on the last day of every month (the earliest I can autopay is 15 days after statement close which is a week after the end of the month). Manually paying is a pain but I think it's less of a pain than constantly dealing with the issues YNAB's handling of CCs creates. My question is, will doing this actually fix the problem? 

If anyone wants to review exactly what the problem I'm trying to solve is, this guy did a great job explaining it: https://support.youneedabudget.com/t/q521q7/new-credit-card-handling-a-major-philosophical-change

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  • The way credit cards are handled in nYNAB is exactly the same as the old version you just see everything on your screen.  Some users also convert their credit cards to checking accounts which alleviates some of the issues you may have.

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  • Yeah, in my mind, credit as checking is the way to go if you never incur debt. Also, the real power budgeters pay their statement balance (only) and automatically on or near the due date.

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  • When you make your payment won't change anything. TBH, paying the entire balance is likely to cause additional issues when a return results in a credit balance.

    If your card has paid-in-full (PIF) status, feel free to represent it with a checking account. (That's exactly how the old YNAB worked.) Conversion is quite easy by making a balance transfer/payment from a new, empty checking account. You won't be able to finance or ride the CC float with it, but you can convert back to a real credit account until PIF status is restored.

    Fair warning, however: paid-in-full status has a CC Payment category Available that covers the entire debt (account balance). Usually, the problems people have with nYNAB are because they don't actually have PIF status in the budget. You would do well to ensure that before trying to convert to a checking account representation.

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