positive number on credit card
OK, y'all have helped me get my fresh start back on track last month. All was good until right now. We got a refund from a pre-paid purchase on a cancelled cruise put back on the credit card, and now there is a positive balance. Yay for me! But what is it doing in YNAB?
I see the positive $123 balance on the left. In the budget it shows $0 available. Move Light Sound Life told me in another thread I always wanted to have the same (but opposite) numbers showing here!
What is it doing? I don't want to mess this up since I got it in line finally!
It should be equal but opposite when the CC balance is negative - this is how you know you always have enough money reserved to pay off the credit card at any time if you needed to.
When your CC balance is positive, there's nothing to pay back so your category balance being zero is correct. As long as your CC balance is positive, YNAB will treat it like a checking account. Purchases will subtract from the spending category and reduce the positive balance in the account, but no money will move to the CC category.
But it put -$123 in my test category.
Regardless of what account is being used to pay, your budget category needs enough money to support the purchase. Either use a category that has $123 available or move $123 to the category you used to make YNAB's functionality work.
Unless, of course, you're trying to finance something on credit, but you're not - especially in this situation. 🙂