Minimum Credit Card Payments and Categories?
One of my cards that is later in my debt snowball had its first automatic payment. In my debit account it’s asking for a category? I have allocated money in my budget to the card but I can’t select/find it from the category drop down?
I was reading somewhere to code it as a transfer instead? Wouldn’t that just move the money and not actually count it as spent?
If you have the credit card set up as a credit card account in your budget, then you want to have the payment as a transfer from the checking/savings account that paid it to the credit card account, under payees. When you do that, YNAB will record it as a positive against the negative balance in your credit card account and the money will leave your budget.
The credit card account has an automatic credit card payment category, which should be where you allocated the funds to pay it off.