Getting started - Payment for last months statement
Just started a new YNAB budget on the 15th.
Input my current account balance for my checking and credit card as of that day.
I had just paid my credit card that day.
CC balance counted the payment, but it had not cleared my checking account yet.
Now it has hit my checking account. No problem - that'll be a transfer out of checking to my CC company.
Problem: YNAB wants a category for this transaction. What should I put here?
Thank you everyone for your help.
What I have done was add the $1223.98 to my credit card balance.
I then added the payment transaction of that amount in YNAB from my Checking account to my CC account.
I then added the $1223.98 to my Budgeted amount for that CC payment.
Everything looks OK, there is no red.
- Have I missed anything?
- Would nolesrule's suggestion of changing the payment to be to Inflow: To Be Budgeted be a better method for some reason?
This is a great community so far. Thank you.