Credit card confusion
I just signed up for YNAB and we had a credit card balance when I joined. We made payments totaling the balance -- I entered those payments in the Budgeted line on the card. Since making those payments, our CC balance is now $272.46, but the Payment bubble says $514.65, and my "To Be Budgeted" is red for $514.65. What on earth is going on? I'm so confused. The account is reconciled (which I had to do in YNAB, even though all transactions lined up...maybe that's the issue?). I haven't spent over my budget on any line items.
I'm not clear on what that means.
When you started, did you budget the beginning amount owed to the credit card payment category?
If you sent a payment and there was no/not enough money in the category, you overspent the category.
Did you categorize the payment? That messes things up, too. The payment should be recorded as a transfer from the payment account to the credit card account.
If I missed the mark, I know someone will jump in here shortly to help you get it straight. There is a learning curve, but once you get it, you'll love it!Reply
I think it's important to understand that YNAB automatically moves budget from the category to the credit card when you spend on the card. So if you budget $100 for groceries and spend $100 on groceries with the credit card, it moves that $100 from groceries to the credit card payment budget automatically. If you then budget $100 on the credit card line, you will now show a $200 credit card payment when you only owe $100. It might be helpful to review this webpage: https://docs.youneedabudget.com/article/180-credit-cards-the-basicsReply
I know we're not over budget anywhere, and I don't want to keep shuffling stuff around to compensate for it.
Being over budget in YNAB does not mean overspending what you budgeted. The red TBB means you have "budgeted" more money than you have. YNAB treats overbudgeting and overspending as two different things. You can be overbudget without overspending, and vice versa.
If you are new to YNAB, you really need to look at more tutorials and read through the YNAB Method before you start. YNAB is not like other budgeting tool and trying to use it any other way will lead to frustration and confusion.Reply