How to pay back a credit card when you don't carry a balance

How do I fix this? In February I spent money on my credit card and assigned it to a category. I knew I could cover the expense in March when I got paid for a project ($700) and when the bill was due. I paid off my credit card balance in March. In March I can deposit the project check that came in- if I put it in the category for which I want to catch up it will look like I have $700 but really I don't because the February balance of that category is -$700. How do I fix this? Should I just put the $700 in my credit card balance? My brain hurts trying to figure this out. 

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  • I think you should put the $700 in your credit card balance. When you used the card you created an item, with a category, under credit card so you could track spending in that category. Think of the items under your credit card as future spending by category. You get to 'use' the items but you haven't payed for them yet. By putting the $700 in you credit card balance you pay for the items you have been 'using' and YNAB records the spending in the categories.

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      • Meghan
      • fl_meg
      • 4 days ago
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      edmarrow Thank you! Very helpful.

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  • You did carry a balance, first of all, so that may help to realize as it will help you find the right support materials. 

    When the month turns over, you lose insight into the overspending. *usually* people who pay in full leave overspending only if a reimbursement is pending (which also note...this means you are no longer in pay in full status). In the case of a reimbursement, the money goes back to the spending category to offset the math (and then it is moved to the card category).

    In this case, however, you just chose to incur new debt, so you pay it back exactly like any other debt, by budgeting the money to the card category. 

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      • Meghan
      • fl_meg
      • 4 days ago
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      WordTenor  Thanks that helps!

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