Home Featured How to Get Credit Cards in YNAB

How to Get Credit Cards in YNAB

How to Get Credit Cards in YNAB

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? This video explains how to set up credit cards in 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.

How to add a credit line in YNAB, and how to pay it off over time.

These budgeters have created credit cards within their YNAB budgets.

What happens when I use my Credit Card to buy items?

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…

Continue to read…