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 will often have a negative balance that needs to be paid.
You prefer to watch rather than read? You can watch this video about setting up credit cards with YNAB.
Let’s say you have a -$2,400 balance on a Visa card. You might not be in a position to pay the balance off immediately, but you know that you can make $300 monthly payments to help chip away at it.
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. Check out the video to see how it looks.
Check out these budgeters’ credit card setups in their YNAB budgets.
What happens if I buy things with my credit card?
Spending money on a creditcard can lead to a bit of debt. Did you buy that gum? Well, sort of, but you haven’t actually spent any of your money. The credit card purchased…