Credit Card Overpaid?
I'm still just super confused. Here is what I'm seeing on my end. How does this work? My payment is exactly what my balance was, but YNAB is saying I overpaid. Can anybody explain this to me? (Just to clarify, the only uncleared balance is my payment so I am showing the exact amount for my credit and debit)
Hi Tomato Sidewinder !
I'd love to help get this figured out! When your Credit Card Payment category is red, it means you made a payment for more than you had "available" in your Payment column. Since it sounds like you regularly pay the entire balance of your CC (I do too! I use my CC for everything, and pay the balance whenever I feel like it. 😉) I think the issue could either be due to overspending or a return/refund.
- If you had any credit card overspending in your budget (in the current or a previous month), the Payment amount would be lower than the balance due. If you still paid the full amount (which you did, in this case), you’ll have spent more on your credit card payment than you had budgeted. (Did you overspend a total $16.31 in any category?)
- If you had any returns/refunds on this card, and you paid off your card between your original purchase and your refund, you might see that your payment category is short and goes red. (Did you have a return(s) that total $16.31?)
If you're more of a visual thinker, here's a video explaining the above reasons (and a couple more) of why this can happen.
Basically, the solution at this point is to budget directly to the Credit Card Payment category until the Payment number matches your next payment amount. If you don’t have any dollars To be Budgeted, you'll need to move money from other categories.
Let me know if you track down the culprit! 💪
In my case, there’s a $58.41 overpayment on the credit card. $69.47 Budgeted. $69.47 Activity. $0.00 Available. Yesterday there was a $58.41 To Be Budgeted amount which seemed to come from nowhere. I didn’t see a connection at that time to the credit card and budgeted that to a miscellaneous category. I never saw any red alerts throughout any of this. I only pay what YNAB indicates and there were no returns or refunds. How can I avoid overpayments in the future?