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This is why I love YNAB.

May 21st, 2018 at 04:39 am

So that $53 I got refunded? I had put it in as a refund inflow transaction to the Home Maintenance category. Imagine surprise when my credit card went negative! Thinking it through, I realized this makes perfect sense because I had already paid the credit card bill including the $53, so those dollars already had a job: credit card payback. I was able to fix it by budgeting more to the credit card payment (we're still carrying some debt on our everyday use card from DD1's euthanasia/cancer treatments last year). Then my TBB went negative until I cleared the $53 from my Home Maintenance fund. Here I was thinking we had that money back when realistically, it had already done a different job.

Fortunately, I'll be able to replenish that $53 on my next paycheck by allocating the money that was going to go to credit card payments to the Home Maintenance fund instead.

In other news, we have very loose plans to buy a car in the next year or so. I think I've finally managed to get DH on board with the plan to pay cash for a used car! That's a story for another day, but quite the win.

6 Responses to “This is why I love YNAB.”

  1. CB in the City Says:

    I am also planning to pay cash for a used car -- whenever my current car (17 years old) finally breaks down!

  2. Debt-free by Thir-ty Says:

    CB, that's great! This will be both DH and I's first time buying a used car, much less paying cash, so it'll definitely need some research and take some time.

  3. rob62521 Says:

    Far better the credit card company "owes" you money than the other way around.

  4. review on apstudynotes.org Says:

    I'm addicted to different video games and hopefully my boyfriend think the same. We spend all our free time on video gaming and I'm going to monetize this activity in future. And this article makes me think that this is possible and will make my dreams come true very soon.

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