Like your friend Brittany, credit cards in YNAB can be a little…extra. Credit cards in YNAB don’t have a positive balance that feeds the budget like checking and savings accounts. You’re more likely to have a negative account balance that needs to be paid.
You prefer to watch rather than read? This video will show you how to set up credit cards on YNAB.
Let’s say you have a -$2,400 balance on a Visa card. Even though you may not have the money to pay for it right now, you know you can make monthly payments of $300 to reduce that balance.
When you set this up in your YNAB budget, you’ll see a new account listed with a negative balance of -$2,400 showing up in red text. Plus, you’ll also get a Credit Card Payment category added to your budget itself with a monthly target amount of $300. Watch the video to see what it looks like:
Learn how to set up credit card accounts in your YNAB Budget.
What happens when I buy things with my credit card?
Spending money on your credit card creates a small amount of debt. Did you buy that gum? Well, sort of, but you haven’t actually spent any of your money. The credit card…
