Visa Balances

Hope someone can help.

I understand that when I charge something to my visa and it clears, that amount should automatically go to the top of the budget page in Credit Card adding to the amount highlighted in green for me to pay from my chequing acct to my visa. However, most months I run into a problem - the amount I owe on my visa is more than what is showing I can pay in that little green box in the credit card area.  I looked in the forum and found some advice to someone else to do the following, but I already do that.

- I have my transactions auto downloaded but I also add some manually and then they match up later.

- I reconcile my account at least once a week, sometimes more often.

Is there anything else I should consider that could be the problem?

Kathie

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  • Sounds like you are spending money you don’t  have budgeted. Make sure none of you’re categories are negative.

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  • The primary cause: you didn't budget for the starting balance. YNAB doesn't assume you will pay that off, so you need to explicitly reserve funds if you do.

    Second most common cause: overspending. It's only for budgeted purchases that YNAB will automatically move money to the CC Payment category. (There's nothing to move when the spending category's Available is not green.)

    Bottom line for a card that you consider to have paid-in-full status: the amount in the CC Payment category Available (also shown as the "Payment" in the CC register) needs to cover the entire account balance. Budget whatever is necessary in order to make that happen.

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  • I see. Sometimes I leave one particular category negative because it is money my son owes me money or I am expecting money to come shortly. That may be the problem. Ugh. I'm still learning ... Thank you.

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      • dakinemaui
      • dakinemaui
      • 8 mths ago
      • 1
      • Reported - view

      Kathie Chiu Yes, a negative category is overspending. For reimbursement of small amounts, you may wish to use your cash to cover your son's pending amount, by budgeting enough to keep the category positive. This will automatically keep the CC Payment category up to date, and you don't actually have to wait on his reimbursement to pay that debt off. (His reimbursement then simply builds up the cushion in his reimbursement category.)

      It's useful to put the offset (what you've budgeted) right in the category name. If the Available is less than that amount, he owes you the difference. A Goal for that offset amount will even do the math for you.

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  • Kathie Chiu said:
    I am expecting money to come shortly.

    Try to get in the habit of covering these categories as soon as possible by reallocating from other green categories -- ideally, something of lesser importance. In fact, best practice is to move money BEFORE you overspend, so it's not too late to skip the purchase if you can't find something less important from which you can steal.

    When you get additional money, consider putting some of that money toward the source category. However, don't forget this should have been less important anyway, so it's not a given this category should be "repaid". Always allocate new money by your current priorities (highest first). If you happen to get down to that source category before TBB is $0, then so be it.

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  • Thanks! Thankfully, I usually have money budgeted in other categories I don't spend in as often and that keeps me in a positive balance overall. I will make sure I cover it in other ways.

    Thanks again!

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  • 8 mths agoLast active
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