1. That seems easy enough. I just adjusted all of the account balances to be accurate and negative and put the opposite amount in the credit card payments column. https://www.youneedabudget.com/free-workshops/, Here is a recording of the class if you don't want to ask any questions or can't make the class time: https://www.youtube.com/watch?v=nQ0-MHav2u8&t=1379s, Another good option that YNAB offers is their video courses, which also covers a little about credit cards. It is possible that you will have to budget a negative number. My credit card balances are not matching the balances in YNAB and things seem to go absolutely cuckoo when I try to reconcile the account. Caveat: this assumes you access your CC statements online. When I go back to previous months, I see there are various amounts available in the CCrd category in my budget - both positive and negative. As long as I am diligent about adding transactions to YNAB using my phone app, every time the app syncs, YNAB asks me to approve transactions it imports from your CC account. Your categories are a mix of real money and Monopoly money, which is hardly conducive to quality spending guidance. However, getting into the cockpit of YNAB can feel a tad overwhelming. (Is that a word?) Believe if you take the time to learn it you will be amazed with your progress. Hoping you take a little time to learn the YNAB process, and why you use it. I also see I have one pending transaction on my online Chase account that says $20 for an Amazon purchase. 3. I pay my credit cards in full every month. Why do previous months' CCrd categories show available money, Because I am not overbudgeted, and yet it is saying I am, https://docs.youneedabudget.com/article/1525-when-you-pay-your-card-in-full, I have the honor to be your obedient servant. YNAB considers itself an educational program, instead of just a budgeting program, and I agree. If you import transactions, many of them will be cleared in YNAB automatically. Just wondered how it works with the credit card payments? Delete all transactions in YNAB except for (a) your starting balance and (b) any transactions that are pending on your online CC statement. I noticed that the budgeted amounts in the left-hand column were not accurately representing the balance on the cards. Normally I just give a quick glance of payment and account balance matching, but this is a helpful tool to alert you if something has gotten off track if you use the toolkit. This won’t change the amount available to pay back the card, but given that your accounts are positive, it is going to create a large overbudget which you will need to address by moving money from other categories. While YNAB’s approach to budgeting, handling of credit cards, and other features (like goals and reconciling) are extremely … Not sure if a moderator wants this moved to its own thread, but I am having a similar issue. :). How to recon with your accounts. That is paid in full status. This is because these entries are downloaded automatically from your bank. To learn more about how credit cards work in YNAB, take a look at our Quick Start Guide to Credit Cards and consider taking our Master Credit Cards with your Budget workshop! Budget whatever is necessary to achieve this. So my CCrd balance, and what shows up in my budget should be identical. I use a credit card usually for food and diesel so when I reconcile at the end of the month I take the income we have received at the beginning of the month and subtract the amount transferred to … so when starting over Gina, you're gonna wanna start up with the current clear balance of that credit card. And they are absolutely right about YNAB being designed to work around the current online balance. But if you are just doing budgeted spending on the card, you shouldn't need to adjust it at all. A few good starting places are to make sure your transactions are cleared in YNAB (when reconciling, only cleared transactions are factored into the balance) and that all transactions are accounted for (no incorrect amounts, missing transactions, incorrect starting balances, etc.). I linked the account and was given a starting date. The way the program handles them is very different from the way I thought about them before learning to use the program. Fix it by reducing the budget value in one or more green categories, until TBB is $0. are treated subtly differently depending on whether you are in budget or account mode. A screenshot or two may help pinpoint what's going on. What trips most people up is let's say they have a card they pay off every month but on the day they start YNAB they have a balance of $200. The payments have cleared. Your transactions have one of three statuses in the far right-hand column of your account register. (a) Current balance for the credit card (including pending transactions) (b) Total of all pending transactions (according to your bank) Subtract (b) from (a), and if that matches YNAB's cleared balance, you're all set to reconcile. When your first reconcile is off, I always suspect an incorrect starting balance. Past is the past. I bet your next reconcile will go more smoothly! When you pay your card off every month have you been checking that the amount you are paying matches what's in the Credit Card Payment category? Now, every time I do that, each transaction appears with a "link" icon because YNAB has matched up transactions from my CC statement to ones I added to YNAB manually. Or the amount due on the statement? In the meantime, there are a few troubleshooting steps that have helped other YNABers bypass similar issues: 1.) Because I am not overbudgeted, and yet it is saying I am. Here's a link to our Quick Start Guide to Credit Cards and consider taking our Master Credit Cards with your Budget workshop, if you have the time! It's completely okay to post on an already existing thread with a question! Sync your CC account to YNAB and have the web app automatically import any transaction it detects (which you have done). It's an inflow, so … This is the 3rd (and last) in a series of articles on how my wife and I manage our family’s budget using YNAB. Features. You are definitely over budget in Oct. because the To Be Budgeted value is negative. Just click “HOUSING” and type your preferred title. ‎YNAB—Budget, Personal Finance, Expense Tracker YNAB will help you break the paycheck to paycheck cycle, get out of debt, and save more money. Ideally, you’ll want to end with each card’s “available” amount equal and opposite to the card’s working balance. Why do previous months' CCrd categories show available money  (like in the screenshots I provided) and they don't transfer to the next month? jenmas yes- screenshots taken this morning from the different months. I've gotta use a credit card … This is a separate issue from the CC Payment categories. EveryDollar is a very basic budgeting tool created by the team behind Dave Ramsey, using his principles for managing money. The most recent credit card statement has transactions on it that pre-date the starting balance that shows for that account on YNAB. Very glad I did because for the first time I started making progress. In this way, you ensure that there's always enough money set aside to cover everything you charged on the card. You budget to cards to pay down debt you took on earlier that you did not budget for at the time you made the transaction. Watch this quick video—and read the descriptions below—to find out why these statuses are so important to reconciliation. Once you know those amounts are accurate, then you can adjust the Available amounts. In YNAB credit cards can take some time to understand. Violet Panther WordTenor is exactly right, I just wanted to include a few links in case you'd like to read them later! … and when your YNAB account register matches your bank account statement, you click the “Reconcile Now” button on the top-right corner of the screen in YNAB’s web app: When you click that button, YNAB will ask you if the number in YNAB … Now 2 of my cards have positive balances and one has a negative balance - none of the numbers reflect the actual balances on the card. Coral Hammer The article that dakinemaui posted below is very thorough and helpful. You create an obligation to pay back the credit card company later. paul atreides Thank you for that advice. Annieland - I looked up 'Paid in Full Credit Card Assit' and found this video:https://docs.youneedabudget.com/article/1525-when-you-pay-your-card-in-full. (sad face). Coral Viper Did you take all those screenshots on the same day? By chance, are there any pending transactions currently in your Chase account? This works great if your reimbursements are on a credit card account. You must budget $200 to the credit card payment category in that very first month. Since beginning YNAB in 2016, I have always used my credit card like a debit card- paying it off each month. But then, I got an overspending alert on my credit card category and then was required to budget money to get it to go away. Because you made budgeted purchases between your payment and the end of the month, which increased the category into positive territory. In budget mode you see the … I like all three. Won't I be double counting each purchase I put on a credit card? 1. Follow this: https://docs.youneedabudget.com/article/166-reconciling-accounts. This reminded me to turn on the toolkit Paid in Full Credit Card Assist. In a nutshell, when you start YNAB, you will manually enter your account balances, including credit card balances (the total as of the day you start using YNAB). A credit card now look what happens I've only got $730 left in the bank that I can use to budget for all my spending now there's only one way I can get through that month and that is to use the credit card all month long. Should I find that credit card with last month's balance. My credit card balances are not matching the balances in YNAB and things seem to go absolutely cuckoo when I try to reconcile the account. For example, I buy 99% of my fuel and food on credit card, but any spend in one month won't be taken out of my current account until the following month when the credit card … and instead of reflect that amount to be budgeted, it's showing I'm already overbudgeted by $872.17. To fix this, you'll want to budget enough money in the current month so that your credit card category Available amount is enough to pay off your current credit card balance. Have you taken the class Mastering your credit cards? I'm having similar issue. The transaction for Amazon would require a category for spending, let's say I add it to my personal category called "Home Supplies." YNAB added a reconciliation adjustment and I figured that was it. Cleared: Transactions that your bank knows about and have finished processing are cleared and are marked with a green C at the right-hand side of the transaction line. 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