CashBack

I received CashBack on two credit cards this month. Huge victory, right? 

Anyway, I must not have logged the transaction correctly, because I entered it as a credit and placed the value in to be budgeted. To be budgeted remained at zero and now the values in my budget and the account are off by the amount of the CashBack (which was credited to the account instead of receiving actual cash) 

Personal victory - thirty days age of money since I started in February. (my age of money then was three!) 

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  • When you add cash back, it lowers the credit card balance, but does not change the budget (unless it takes the card positive). You just need to adjust your Payment category by moving the amount of the cash back to TBB or another category.

    Like 1
    • nolesrule how do I move it out of the amount that I'm paying the credit card, since that value is set by ynab automatically

      Like 1
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 mth ago
      • 1
      • Reported - view

      Orchid Flute like every other category on the budget screen, you change the Budgeted amount or use the move money tool. 

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      • Peter
      • Professional Designer, Web Developer
      • lasty
      • 8 days ago
      • Reported - view

      Orchid Flute taking money out of a category can also be done by budgeting a negative amount. If your "Budgeted" column on the credit card is zero at the moment just enter the amount you want to take into TBB as a negative number. Otherwise use the built in calculator to subtract the amount from what you already have in that field.

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  • Well, thank you. This was the first problem that I had. I didn't know that I could move money from a ynab set "envelope" 

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  • does anyone know how to accomplish what @orchid_flute.2 did? I had cashback built up in Discover so I used $6.15 in cashback money to lower the amount of cash that would get pulled out of my account to pay the total that i wanted. I paid a total of $336.15 with $330 from my checking and 6.15 from my discover cashback. I entered each transaction separately into YNAB. The $330 was a normal payment and fine. The $6.15 was entered as to be budgeted. The balance on my Discover card was lowered by the full $336.15 AND my available money to use to pay my Discover Card on the budget was also increased by $6.15. 

    I'm still fairly new to YNAB as May is only my 2nd month. I did the same process in April and was able to do what Orchid Flute describes above so I'm so confused on why YNAB did it differently this month when I did the exact same steps?  

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  • Cornflower Blue Mask said:
    my available money to use to pay my Discover Card on the budget was also increased by $6.15. 

    The Payment category should have the same value, but it is $6 higher *relative to the account balance*. (Technically, the account balance just moved closer to $0.) 

    Regardless of appearances, if the current Available amount is more than needed (i.e., more than the account balance), click on the Available amount to access the Move Money Tool. It sounds like all your transactions were entered correctly.

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    • dakinemaui thanks for replying. I appreciate the help. 

      I guess I'm still confused because the $6.15 never actually went into my checking account. It was just in my credit card accounts and was applied as a statement credit.  I had budgeted $330 to come from my checking which is exactly what happened.  So my Discover card account balance going down by the full 336.30 makes sense to me. This is the scenario reflected in Orchid Flute's example. 

      Now I have $6.15 also appearing in the available amount of money still left to spend for payment (the $330 is gone) which doesn't make sense to me. It makes it look as though I have another $6.15 to use to pay down more debt when technically it has already been used. So if I move the available amount of $6.15 to another account, it looks like I'm moving money that I don't actually have.

      Am I just not understanding this? 

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    • Cornflower Blue Mask It sounds like the Discover account balance is correct? If you’re up for it, go ahead and enable Support Access for your account. I'd be happy to look closer! Let me know the name of your budget, and if you’d like to continue here or via email.

      Like 1
    • Nicole Thank you for reaching out. I would love to continue over email. How should I reach you? 

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    • Cornflower Blue Mask Email sent! :)

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 8 days ago
      • Reported - view

      Cornflower Blue Mask 

      Cornflower Blue Mask said:
      I guess I'm still confused because the $6.15 never actually went into my checking account.

       Since you got the statement credit, that's $6.15 less cash you have to send to the credit card. When you enter the statement credit, it changes your card balance, but doesn't change the available amount in your payment category. So you can now make a new plan for that $6.15 that's sitting in your available category.

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