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Credit Cards & Debt

Using your Credit Cards

Spending with your credit card Before you do any spending on your credit card, it’s important to understand how YNAB treats the existing balance on the card. YNAB will draw a line between the spending that took place before you started YNAB, and the spending that takes place afterwards. But
Last Updated: March 10, 2017

Paying Off Your Credit Card

How do I pay off my debt? New spending on your credit card is covered by the money you budget towards your spending categories. Paying off the debt you accumulated before using YNAB starts with budgeting towards the Pre-YNAB Debt on the card. Once you know what you can afford to budget towards the
Last Updated: April 17, 2014

Calculating Credit Card Payments

How do I figure out my payment on the credit card? Your credit card payment is: Total Account Balance (the total amount you owe) minus Pre-YNAB Debt Category Balance (the amount you can’t afford to pay) ________________________________________________ equals Your Payment (the amount
Last Updated: April 17, 2014

Managing New Debt

What if I have to charge something on my credit card and I can’t budget to pay it off? This could happen to anyone, especially someone just starting with YNAB.  If you’ve only been budgeting for a few months, you may not have had time to build your rainy day funds sufficiently to
Last Updated: November 17, 2014

Other Debt Accounts

How do I handle a student loan or car loan? The most important consideration related to these debts is making sure you have enough money to make the payment.  Your Budget and YNAB's Four Rules will help you do that. In fact, it isn't necessary to set up every debt account you have
Last Updated: September 25, 2012

Understanding the Credit Card Float

What is the credit card float? When you charge on a credit card, you're given a grace period to pay things off.  So as long as you pay it in full within that time frame, you are not charged interest.  Many people take advantage of this.  They charge this month, then pay it off
Last Updated: April 17, 2014

Balance Transfers

How do I handle balance transfers? A balance transfer is when you transfer a balance from one card to another, perhaps to take advantage of a lower interest rate.  Step 1: Create an account for the new credit card.  Don’t enter a balance on this card yet! Step 2:
Last Updated: October 22, 2012

Credit Card Points and Rewards

There are many different types of rewards offered by credit card companies.  In this article we’ll focus on: Frequent Flyer Miles Cash Rewards Points Frequent Flyer Miles Frequent Flyer miles are a loyalty program offered by airlines where you track how many miles
Last Updated: July 5, 2013

Handling Credit Cards in YNAB video

This course covers all aspects of dealing with Credit Cards in YNAB. Learn how to set up credit cards, budget for debt, record purchases and payments, handle interest and fees, and even how to deal with balance transfers! This course covers it all! Outline: 00:00 How to be a smart fish 00:55 Why
Last Updated: September 24, 2014

Snowball your Debt in YNAB video

Here's a simple way to snowball your debt in YNAB.
Last Updated: June 8, 2012

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