Credit card showing as underfunded?
After much trial and error, I finally got my credit cards set up so that the amount showing in YNAB matched the amount showing on the credit card sites. Then I funded the budget for those categories so that the amount under payment matched the balance of the cards. I reconcile the accounts, all seems good at this point.
For reasons, I decided to pay off the transactions that had been reconciled. So I go to my bank websites and schedule the payment. Then I go in YNAB and schedule the transfers (outflow from bank, inflow to credit card).
Now my credit card is showing as underfunded, and when I dig deeper to see why, it looks like on my budget, those payments are showing as negative/outflow. (I also have three other scheduled transactions; two expenses and one payment. Those transactions were in there before I made these new payments, there were no issues, and my balance after those would be nowhere near the amount my budget is saying is underfunded.)
Has this happened to anyone else? What is going on here? Will it fix itself when those transactions clear my bank and the credit card? (The banks are linked, the card is not.)
Thank you for any assistance.
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Can you screenshot? If you do what you said (manually transfers which are outflow from your bank), it’s impossible for the credit card side to not show up as an inflow. So something else happened here.
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or, perhaps you set it to repeating and you’re misunderstanding/not explaining well the underfunded warning? If your card payment is set as a repeating transaction, the budget will check for the next instance of the payment. If the number is still the payment you just made, there likely will not be enough in the category and rightfully so—you just emptied the category.
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Assuming the images show up in order, image one is a screenshot of the underfunding message. Image two is a screenshot of the most recent reconciled amount, and the scheduled payments that caused the issue. Image 3 shows those two scheduled payments as correctly showing up under inflow. (It also shows the three other upcoming transactions I mentioned.)
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Fuzzball Meows The other thing of note is that the -134 and the -79.87 ARE funded by the categories those transactions come from. So that *shouldn't* be an underfunded issue (and wasn't when I entered them last night, vs. the two payments entered this morning when the issue showed up).
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Fuzzball Meows The issue is those are future transactions, so the $134 outflow hasn't happened yet and so the payment category doesn't have that money in Available yet.
The underfunded warning is only telling you that your future payments you have scheduled are more than what is currently Available in the category. it does not look at the future purchases at all.
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Still confused why it wasn't an issue last night when I scheduled the $140 payment and only had $100.13 available, then. But that may be another issue.
If I'm understanding you correctly, as those charges come in, the issue should clear itself up?
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Fuzzball Meows Yes, it will clear up. However you need to be careful, because your scheduled payment takes the card balance positive by $6, and funky things can go on when you do that.
My suggestion would be just to enable auto pay of the statement balance on the card.
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nolesrule *sigh* or change the future auto pay to less than the expected phone bill it's paying off. The card gets paid out of two different accounts (at two different institutions) depending on whether the charges are household or personal, so auto paying for the full balance won't work.
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Fuzzball Meows That's one of the complications of keeping separate finances.
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nolesrule Sure, but it works for us. I'd rather keep the complications that work for us than change everything because I started using a new app. Particularly since in the real world it's never felt like a complication.
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