Newbie question. LOC is supposed to be a CC, but I want it to be "Liability". Am I missing something?
Part of our mortgage was taken out on the HELOC.
it isn't a sum I expect to pay back anytime soon.
if I put it in the same category as a CC, then my entire budget is way in the negative, and I have no dollars to allocate. am I doing this wrong ?
reading the forums, LOC is supposed to be a CC.
is that just a CC with a huge balance? how do you manage that? set a target by date?
Ivory Nomad Don't forget that this is your budget, you may track a hundred accounts if you so wish, or none. But of course, every added account does add some extra work. If you bother to keep it in YNAB it should have some purpose for you besides moving your net worth graph in some direction or other.
When starting out with YNAB adding tracking accounts may not be the optimal way to spend your time and energy? It's better to join some free YNAB classes on various topics, I think.
I started out with a debt I needed to get rid of quickly, so adding it was motivating for me. Closing it a few months later was very motivating.Reply