Credit card payments

Hi,

I am still confused by the credit card payments. My credit card balance is correct but the credit card payment is wrong. I pay my credit card off each month and I thought I started with the right initial balance but it still isn't right. Shouldn't they both be the same? I never spend on my credit card without assigning it to a category. Thanks

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  • Ok I think I've sorted it out by budgeting for it from somewhere else, though I'm still not sure why.. I'll see what happens when I spend and pay it off over the coming weeks.

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      • satcook
      • satcook
      • 3 mths ago
      • Reported - view

      Maroon Tape the payment in the available bubble and the complete credit card balance should always match. 
       

      come here so we can help troubleshoot if they don’t match. 

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  • Hi! If you're finding your Credit Card Payment category doesn't match your credit card balance—even though you budgeted for your Starting Balance on the card directly in that category, the difference might be caused by a few common culprits.

    1. Is there credit overspending? You said above that you assign expenses to categories, but do you ensure the spending is budgeted for in those categories? Look for yellow Available balances with exclaiming credit cards to quickly view credit card overspending. Be sure to cover those expenses.

    2. Do you have overpayments or returns/refunds during this timeframe? Check out those articles for more info on how those can impact your Credit Card Payment category.

    If none of those are the reason, we're happy to help you figure out what is! You can reach out to our support team right from your budget and we'll take a look. :)

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  • I'm finding I'm having the same challenges. When was this new Credit Card payments feature included? As someone who pays the balance in full each month, this is creating extra features/confusion where I just look at the account balance to see where things stand. Any way to turn it off?

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

      Hot Pink Yeti It has been a feature since the beginning of this web-based incarnation of YNAB. There is an undocumented way to "turn it off." By converting your credit card accounts to checking accounts.

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  • I would also check to see if you have goals, or did you budget the credit card when you first started YNAB? If you did not, then it assumes you have not made any payments. When the new month begins, if you don't have a goal, YNAB assumes you have zero spending. In that case if you have used it, then YNAB assumes you are going to pay it "that month". 

    YNAB makes it a zero based budget and assumes you are trying to avoid using the credit card but budget for the expenses if you must. 

    For example, I have had this credit card. The balance is currently ~500 dollars. I started this month with a goal to pay it off by next month. I also spent some money (on food and stuff using the card) So YNAB makes it so I need to "pay off" - completely, not charging any more that much this month - that amount in the budgeted column. So I have to pay that amount by this month, otherwise the "available" will not be zero. The money has to come from the categories the spending was for. Notice, the balance is not the payment. 
     

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