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?
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.
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.