YNAB Credit Card Guide (All You Need to Know)
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5 жыл бұрынA step-by-step guide to handling credit cards inside YNAB. This tutorial will walk you through every single detail of using credit cards with YNAB.
YNAB Affiliate Link: mappedoutmoney.com/ynab
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While I love YNAB, unfortunately, it can be pretty confusing. A lot of people will sign up only to get quickly frustrated and then give up never to return. And how YNAB handles credit cards is probably the most confusing aspect of the program. For some reason, it just isn't intuitive for most people, despite the fact that YNAB handles credit cards in the most realistic way possible.
I've never seen another budgeting program out there treat credit cards how they work in real life... except for YNAB. When I finally understand this, it sold me on the program and made me an instant fan.
I hope that this video will do the same for you.
In this video I'll cover:
- How to set up your YNAB accounts
- How to deal with your starting credit card balance
- Using YNAB's goal function to pay off your credit card
- How YNAB treats credit card transactions
- The difference between debit & credit and how YNAB handles them
- How to deal with overspending on a credit card
- Adding credit card interest to YNAB
- Making payments towards your credit cards
- A pro tip for never missing a payment
This tutorial truly is everything you need to know about YNAB and credit cards. I hope you learn something and be sure to leave a comment with any questions you have.
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Quick Jump To Video Sections
0:29 - Setting up credit card accounts
1:36 - Covering the starting credit card balance
3:15 - Setting a goal to pay off your credit card
5:53 - How credit card transactions work
7:36 - Debit vs. Credit transactions in YNAB
13:32 - Credit card balance vs. Available balance
15:00 - Handling overspending on a credit card
22:42 - Dealing with credit card interest
26:12 - Making a payment towards your credit card in YNAB
29:03 - Making multiple credit card payments
29:17 - Pro tip for remembering your payment due date
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@benschindler7634 4 жыл бұрын
Nick, after struggling to realize that my "mental" budget was really disconnected to reality I looked around for ways to get a hold of my spending. I tried Mint and it didn‘t really work for me. After watching your videos I gave YNAB a shot and after a month of free trial, I was almost excited to spend the money on this product. Now after almost 6 months in, I have watched your videos countless time, I don‘t even google YNAB questions anymore, I just look for the appropriate video of yours. I agree with many others by saying YNAB should include these videos in their tutorials. Your videos have changed the way I look at my money and spending. Thank you!
@qwerty9902 5 жыл бұрын
Hey Nick, You're killing it man. I have tried three times in the past to utilize YNAB to help me with my financial responsibilities. You are the first person that has been able to explain this program to me effectively. From the bottom of my wallet, Thank you
@mappedoutmoney 5 жыл бұрын
haha, glad the videos are helpful for you Conner! That's certainly the goal. Good luck YNABing man.
@frshkmyfrzl 3 жыл бұрын
I'm on my third time too! All the best man. Hope you're still on it!
@ahsm 3 жыл бұрын
@@mappedoutmoney i tried probably 10 times to start ynab during the course of a whole year (and paid for it too) and kept giving up but your videos helped me a lot and im finally doing it thanks
@fabiandexter8550 2 жыл бұрын
I dont mean to be off topic but does anybody know of a trick to log back into an instagram account? I was stupid forgot the account password. I would love any assistance you can give me!
@nobytes2 2 жыл бұрын
@@fabiandexter8550 yeah you hit the I forgot password and reset it using the link on your email. Oh wait you're just a scammer haha
@vapb400 5 жыл бұрын
You are insanely good at explaining things. Thank you sooo much!
@mappedoutmoney 5 жыл бұрын
haha, Thanks Chris! I'm glad the video was helpful for you man.
@barbarahermannster 4 жыл бұрын
Dang, Nick. You are so much better at explaining than the YNAB tutorials. Thanks!
@mappedoutmoney 4 жыл бұрын
haha, no problem Barbara! Glad the videos are helpful for you!
@bparrish333 Жыл бұрын
For real. This has been the biggest obstacle to me sticking with it and he explained it so well
@justnealpatel Жыл бұрын
Just started with YNAB this week and wow, this cleared up all my CC questions. Love the content!
@theresamcclinton1825 5 жыл бұрын
This makes so much more sense now! Thank you! I followed your beginner's video yesterday and set up my whole account, but couldn't understand the credit card bit. This helps so much!
@smudgeprooff 2 жыл бұрын
Thank you, thank you, thank you. Have spent the last month trying all kinds of apps, spreadsheets, etc. to get budget on track. Discovered YNAB then discovered you, and now I can take a nap. Thank you for taking the time to make easy to understand videos. I watched this one and the beginners one, and my budget is set up and functioning great.
@joss7772 2 жыл бұрын
Hey Nick! I just want to let you know that your videos are helping people all over the world including me from Dominican Republic in the Caribbean! Your videos are supper clear and detailed, Me and my wallet truly apreciate the time you take to explain how YNAB works. Keep up the fantastic job!
@nikilemley2996 Жыл бұрын
I think you fixed all my confusion concerning YNAB with this. THANK YOU
@robaer 4 жыл бұрын
Nick, Your videos have really helped me get YNAB setup and operational. It's only been a few weeks but I am starting to see my attitude change about how I am managing my money. I used to have a sophisticated spreadsheet that was excellent at forecasting but crappy at showing me where I was going wrong and spending poorly. I am now finding those mistakes and correcting my spending. I have set goals for my categories and started getting realistic about how the money is spect. It was your videos however that helped me understand the concept of credit cards (how it works in YNAB) as well as get over the idea I needed to allocate my future money to things each month... that I just roll with the paycheques and make sure my goals are accurate so that those dollars will have a job when I do enter that paycheque transaction. Nice work, thorough explanation... great job.
@heathers.6390 3 жыл бұрын
Sitting here (01/02/2021) determined to give YNAB one more try. I tried last year (didn't know about you) and now having watched your videos I have renewed confidence that not only can I grasp this budgeting platform but that it will further enhance my budgeting skills for our household. So THANK YOU!!!
@lesterhess5955 4 жыл бұрын
Great Video! I just started using YNAB and your videos have helped my greatly. I've gotten way more from this video than the content YNAB provides. Thanks!
@MakingLemonadeCreations 4 жыл бұрын
Video is 1 1/2 years old and still very applicable. Best YNAB video on credit cards I've seen! Been using YNAB for 3 years and never could seem to get some parts of CC correct. You've provided the missing piece of the puzzle and I feel much more confident about using YNAB. Subscribed and off to watch more of your videos.
@akieshafoster910 Жыл бұрын
Each time I need to remember how to categorize credit card transactions. I rewatch your video. Thank you for creating this great content.
@gstolley 3 жыл бұрын
For the 1st time in my 40 years of handing our families finances, I am excited, and most importantly, confident I can. I have tried Mint, and Every Dollor, and gave up quickly. Something was always missing, I thought it was me. You just explained in 2 videos, and 1 hour all my past problems. Starting YNAB today. Can't wait to watch all your videos, laster .... after my head clears. Most likely I'll be watching the starter video and this one over a few times 1st. What would you recommend as the next "most important" if you had to choose. We are months away from a 100% debt free life, also for the 1st time. No more house payments! I can't wait to see where we go from here. Keep up the great work.
@davidhallum1223 4 жыл бұрын
Finally! A video that explained the credit card fiasco in YNAB. It makes sense now that you explained it in perfect detail! Thank you so much!
@fsullivan5947 3 жыл бұрын
I just joined the free 30 day trial. I went through several of YNAB’s videos but was still feeling a little overwhelmed. I ran across your video and was so relieved. Excellent job explaining steps...so helpful.
@adamberberich6448 Жыл бұрын
I've been struggling to get my Credit Cards to sync up with YNAB and this video was PERFECT. Thank you thank you THANK YOU!
@rachellane9224 2 жыл бұрын
look, I don't know you from Joe, but the way you have explained this- I feel like it actually makes sense! Ive been using YNAB consistently with a full understanding of budgeting and my money. Thank you!
@tamaranyberg2261 Жыл бұрын
I've been using YNAB for 3 years without fully understanding the nitty gritty of credit card overspending. Your video really explains it so well. Thanks! I love all your videos. For me it's been good to watch them to review how YNAB works. Also recently learned about the tool kit from you.
@spetersen8347 3 жыл бұрын
OMG! I am 52 and have been a YNAB subscriber since before it went online. I NEVER understood the credit card incorporation before. This video is FANTASTIC. Thank you. You are a wonderful teacher!
@Mcphersongirl 4 жыл бұрын
That is a game changer, I was about to give up on YNAB, but this explains it so much better than their videos.
@brittanyeustice8599 3 жыл бұрын
I tried to figure it out on my own after using EveryDollar for several years. The rolling funds and credit cards had me so confused. Thank you so much!!!
@TRD_Mike 4 жыл бұрын
Yet another great video on YNAB. I just started YNAB 2 weeks ago and I couldn't have done it without your videos. Thank you!
@mappedoutmoney 4 жыл бұрын
Hey thanks! So glad the videos have helped!
@bindiboo1 5 жыл бұрын
I have been using YNAB since it's very beginning, and I just didn't get it, no matter how many of YNAB's tutorials I watched. That was until I found your videos, you explain it all so simply and in a way that my brain understands. For this I thank you. I used to be on the YNAB classic version but since watching your videos I have ventured to the newest version.
@patriciacancellier8851 Жыл бұрын
Finally an answer to how you deal with money transfers to pay credit card bills. Thank you!!!
@rafikibubu 2 жыл бұрын
This is great man, thanks for posting this. Just started with YNAB to replace my old, by-hand budgeting tool, and the way credit cards work was the last big hurdle. Many thanks! Cheers, ~Nate
@ahhseni 5 жыл бұрын
This is 2nd of Nick's YNAB videos that I have now watched. Both the videos are thorough and well articulated that it just makes sense. They are truly a must watch before tackling YNAB. Given all the other comments on fighting the app and to make it work for lengthy periods I am grateful I came across these videos before wasting too much time and/or just giving up all together. I bet there is a direct correlation on how fast one hits the ground running by simply watching these videos. Keep up the great work! Thanks again!
@mappedoutmoney 5 жыл бұрын
BOOM! That's so great to hear ahhseni! I'm super excited that these videos have been helpful for you. YNAB is so powerful and such a great tool, but can definitely be confusing. I really appreciate you taking the time to watch and comment letting me know the videos are helpful. Let me know if you ever have any questions and good luck YNABing!
@SusanFay-ut9yh Жыл бұрын
Fantastic video! I've been off the YNAB bandwagon for several years and your videos are so helpful that I am feeling "armed" enough to jump back on! Very inspiring and empowering -- thank you for your clear as crystal explanations!!!
@marykirby7344 6 ай бұрын
Thank Nick.... I watched this video as suggested at our meeting. It did clear up a lot but think I'll be watching again a few time before we meet again. Again... Thanks!
@mappedoutmoney 6 ай бұрын
So glad it helped!
@ottergirl1913 2 жыл бұрын
FINALLY I get it. You went through steps that had been skipped by others. Thank you so much!!
@leelee8311 4 жыл бұрын
Thank you so much for making this YNAB videos... you have an amazing ability to communicate these lessons in a clear and concise way and yet cover all the details -- very grateful!
@naomieggleston6708 3 жыл бұрын
This was extremely helpful! I could not figure out why my budget was so off. I was adding transactions, assigning categories and then on top of that, budgeting the total payment to my CC Company (which included the money I had already budgeted in other categories. My numbers were completely off. I am going to start fresh now and keep pushing on. This is a must watch for all YNAB users!
@tkldr 5 ай бұрын
Great information, thank you! This is our first month on YNAB and this helped a lot. 👍🏽
@Roman-rc1cz 3 жыл бұрын
It's 2020, and your teachings are still pure gold. Thanks for the info, Nick!
@mappedoutmoney 3 жыл бұрын
No problem Roman! So glad the video helped :)
@MantisFoxx2 Жыл бұрын
I have been procrastinating watching this for almost a year now and I finally watched it today and OMG this explained it sooo soo well!! I now get CC's 100% with YNAB!! Made me resume my subscription to give another go(it was gonna be over this December) Thank you thank you thank you Nick!!
@josephnevarez4652 5 жыл бұрын
I just got this program today and wanted to chime in and say these videos are invaluable. You're an excellent teacher.
@mappedoutmoney 5 жыл бұрын
Joseph Nevarez thanks! I’m so glad that the videos have been helpful for you. I really appreciate you taking the time to leave a comment and let me know. It means a ton.
@fuzzynuggetsbees Жыл бұрын
This video was so helpful!! I really screwed up my budget with the credit card payment last month (free trial month) and had to start all over. Your video clears up all my confusion. Thank you!!
@dreabrauch2683 3 жыл бұрын
Thank you. I have been checking videos and as soon as I entered credit card charges I messed up everything. I had to redo budget three times in 7 days as I always broke it. But I think I finally understood how it is all connected.
@lb4737 5 жыл бұрын
Hey Nick, I've been trying out YNAB over the last couple of weeks and I have to say that your two videos have convinced me to purchase the subscription. Those two videos are by far the best ones I have come across for simply describing the process of using YNAB correctly. I was having all types of problems figuring things out until last night. I watched many other videos but for some reason yours really clicked with me and I'm pretty confident that I can use the software to meet my needs now. Your other videos are pretty great too but I feel like these YNAB videos are top quality, standout content. Thanks so much for making these!
@mappedoutmoney 5 жыл бұрын
Thanks for the kind words! This right here is literally what I do this for. And yeah, I put a lot of time into the YNAB videos haha. I'm hoping that I can continue to carve out time to put this effort into my other YNAB ones as well :) Seriously, I'm so pumped that these were helpful and I really appreciate you taking the time to let me know. Best of luck with YNAB! Let me know how you're doing down the road and feel free to ask any questions if you need to!
@matthewheadland7307 4 жыл бұрын
lb4 I started at the end of jan, exact same here eh Looks like you got here a year ago! Wondering if you’re still using it and how it’s going
@jcepri 4 жыл бұрын
I was so ready to give up on YNAB until I saw these videos. YNAB needs to give you some sort of commission, Nick! lol
@lb4737 4 жыл бұрын
@@matthewheadland7307 Sorry, this is a really late reply. I do still use YNAB. It has been my number one financial savior.
@aneeshm2 5 жыл бұрын
Thanks for the video; I found the section about how YNAB handles paying off the balance helpful, and it was what I came here looking for as well.
@teamfreddy5945 4 жыл бұрын
Nick been using YNAB for about 6 months now. Finally decided to add my Amex and Discover to track and decided this was a must watch. Thanks for the content and I’m happy to say I’ve told people about YNAB and your videos.
@teamfreddy5945 4 жыл бұрын
Just buttoned up watching the video. One question I do have.. I notice my Amex for example updates as payments and purchases are made... will it auto update when interest is charged in red similar to how a savings account will add interest in green?
@marlaedington6471 5 жыл бұрын
Nick, I’m just starting to watch just your second video, and I must say, I am impressed! I’ve been trying to budget since I’ve been married 23 years ago, mostly failing. The main problem was keeping track of what I actually spend and categorizing it so it corresponds with my budget. I’m using YNAB for the 2nd time (I didn’t like it several years ago before all of their recent updates and move to the cloud version and newer app), and now I will not budget in anything else. I still mess it up sometimes, and still have the bad habit of overspending but hopefully soon I’ll get this right! Anyway, all that to say, your one video I’ve watched was awesome!!!! I’ve watched hundreds of budgeting videos and yours is really good! Thank you! I can’t wait to finish the credit card one I’m watching (because I think I’ve still been a little confused) and find another one! Are you employed by YNAB? If not, you should pursue it. They need to snag you up in a heartbeat. I’ll recommend you!
@mappedoutmoney 5 жыл бұрын
Thanks Marla! I really appreciate that. haha, no I'm not employed by them. Although I am in contact with them and we partner together because I love to promote their app. But I'm on my own :) I'm so glad the videos are helpful for you. I'm excited that it feels like you can finally get the hang of the budget and truly use it to get ahead. Thanks so much for commenting. It means a lot to know that the videos are helpful. Please reach out anytime with questions :)
@flamingo.and.co.26 5 жыл бұрын
Nick, thank you so much. Just after I applied for a secured credit card, I saw a post on a YNAB FB group recommending your videos. I watched this video and once I received the cc, followed your instructions! It was so easy when I did my first transaction! Thanks so much for sharing!
@mappedoutmoney 5 жыл бұрын
Woot woot! So glad to hear this Angie :) I’m excited that the video was helpful for you. thanks so much for commenting and letting me know that it helped you out! Good luck YNABing! :)
@tinaindia2010 5 жыл бұрын
By far, this is the most helpful video on YNAB credit cards. The info on the website is confusing AF... this is so clear! Thank you!
@mappedoutmoney 5 жыл бұрын
Haha well I’m glad it was helpful for you :) I really appreciate you taking the time to watch and comment. Good luck YNABing! :)
@joymccracken1939 2 жыл бұрын
Dude this was awesome! You are carrying me through YNAB! I decided to give it another go and because of you I get it! Scene from E.T. - 'it's working, it's working' - thanks Nick!
@mappedoutmoney 2 жыл бұрын
Thanks Joy!
@tanner8291 3 жыл бұрын
I plan to do all my purchases on my credit card and do my budget goals for each category. Let how much I allocate in each category every week dictate the Max I can use the credit card for on any category at any point in time. Then at the end of the month, just take that ending balance and pay it off. This works because each target for all my categories sums up to my monthly income. I’m a salary employee so I know my monthly income and weekly checks. By targeting everything by the week, and then by the month overall, I always guarantee that I will be able to cover the card in full come months end. This video cleared my idea of this plan up! Thanks a ton
@YULABEBE 4 жыл бұрын
Thank you for the excellent and thoughtful content. I became incredibly frustrated trying to find intro level YNAB tutorials on their site; both the language AND content in these tutorials cater to the newb which is of enormous help (to the newb). Thanks!
@daniellebailey6953 4 жыл бұрын
Just found this video after searching because for some reason the way YNAB handles CCs was just not clicking.. thank you so much! I understood it in my head, but seeing the actual numbers for different situations made it make sense.
@mappedoutmoney 4 жыл бұрын
Perfect, so glad it was helpful for you Danielle!
@yasserhy 3 жыл бұрын
WAW! I nailed it! Thanks to your video, I was able to properly manage my credit cards! Thanks!
@karlawashington5795 5 жыл бұрын
Gosh, SO helpful! I've re-started YNAB 3 times already in the past month because I kept messing it up (mostly not understanding how to use). Also your comments helped me decide to pull the plug on the bank connection, THAT was driving me crazy! thank you, can't wait to watch all your YNAB videos.
@mappedoutmoney 5 жыл бұрын
Hey Karla! :) So glad to hear that the videos have been helpful for you :) I really appreciate you taking the time to comment. Glad you're on the YNAB train. Good luck and let me know if you ever need anything!
@sequansreviews2039 Жыл бұрын
Keep up the good work I just started with YNAB and your video are helping I was trying to figure out how to add the credit card payment, your videos are on point keep up the good work.
@Shelley125303 3 жыл бұрын
I love your videos you make it much easier to understand YNAB. I have watched the credit card one several times lol
@mappedoutmoney 3 жыл бұрын
Thanks Shelley :) I'm so glad that the videos are helpful for you.
@Kelle001 4 жыл бұрын
Oh that was awesomely helpful. The same payment technique applies for a mortgage by setting up a mortgage interest account and then transferring $$ over. Thank you
@biblethumber4008 4 жыл бұрын
Thank You SO MUCH for your videos on YNAB, However, I guess I'm a slow learner or because I'm 63... I have to slow you down to 75% to follow you LOL! you talk really fast to me LOL! Thanks again! you convinced me and I signed up and been using it for a couple weeks and love it; really helping me get on track with my money. already way ahead of where I was.
@nwalker2619 4 жыл бұрын
Ty, I've been using YNAB for years and now I finally understand how it does credit cards
@tammyshaffer7732 4 жыл бұрын
I need help figuring this out
@melbell2125 4 жыл бұрын
Will need to add a YNAB subscription to my budget. The videos are super helpful. Thank you!
@mappedoutmoney 4 жыл бұрын
haha, yup! Definitely add that. Glad the videos are helpful :)
@sarahnarcisse1275 4 жыл бұрын
Thanks, I'll keep trying. I just started ynab today and its quite confusing to me. Your videos are giving me hope to be able to understand.
@timkristenw5911 5 жыл бұрын
Thanks Nick for all your great videos. I've watched most of them multiple times. The only thing I still get confused about with credit cards is how YNAB handles overspending in a category when there is a mix of credit card and debit card (cash) spending for that category. I contacted YNAB support about this. and I thought I would share what they said: "If a budget category is overspent, and that category contains a mixture of cash spending and credit spending-YNAB will always prioritize the cash spending first, because those dollars are gone. Even though the transaction that overspent your Home Maintenance category was from your checking account, the overspending is considered credit overspending in YNAB, because credit cards can acquire debt but your checking account can't." Even though they explained it to me and the explanation made sense, I still get somewhat confused and frustrated when it happens. The initial thought is "Leave the credit card alone, I didn't overspend with the credit card!!" I'm sure a lot of thought went into this at YNAB. Summary (hopefully I have it correct): If there is one credit card transaction in a category for $50 and the rest is debit card transactions, the first $50 of overspending in that category will be considered credit overspending and any additional will be "regular" overspending. If that category is overspent by $80, then the Inspector message will say that the budget cannot be trusted until $30 more is budgeted. After $30 more is budgeted, then the category shows as overspent by $50 with credit. If you make an update to your Credit Card guide video in the future, this situation would be a good thing to include. Others may get confused by this also. By the way, YNAB has awesome customer support. They responded quickly and even made a quick video for me to explain. Who does that?
@michaelhayden3764 3 жыл бұрын
Nick is amazing, both professionally and as a human being. Kind, patient, and a master at his work.
@ontheotherside4611 10 ай бұрын
I can not thank you enough for this video! Thank you thank you so very much! I was needing help where to place the CC payment, I pay it off every month but I wasn't sure how to do it. I just added this account to my YNAB!
@williegeorge2346 Жыл бұрын
Nick, You really make the action and process easy to easier. You are a great Facilitator.
@sarajordan9457 4 жыл бұрын
Your info on making a payment vs. transfer for credit cards saved me! I was doing it exactly how you said not to and couldn't figure out why making a payment was putting me over my budget.
@mappedoutmoney 4 жыл бұрын
Awesome Sara, so glad that was helpful for you!
@marybenze2202 3 жыл бұрын
Great Video! This is the first time I really understood how YNAB works!
@darrinmc 5 жыл бұрын
This was the only part of YNAB I didn't understand and you explained it perfectly. Thanks!
@mappedoutmoney 5 жыл бұрын
Awesome Darrin! I'm so excited for you. Glad to know that this filled in the gaps for you!
@jcepri 4 жыл бұрын
Fantastic video. I was ready to pull my hair out with YNAB credit cards. I watched this and how I think I got it. Great job!
@mappedoutmoney 4 жыл бұрын
Haha well awesome. Glad it helped clear things up Jeff!
@kendrawright5283 2 жыл бұрын
The hack with the due date in the credit card name at the end was fancy! LOVE LOVE LOVE all your YNAB videos. You're my fav to watch and learn from. * zooms off to pay off the credit card 🏃♀ *
@mappedoutmoney 2 жыл бұрын
Thanks Kendra :)
@matthewwatson3715 3 жыл бұрын
I had already downloaded the trial version and then I found your KZfaq video. It has made my understanding of this program so much easier and I am now keen to see if you have other videos that can help me make the most of it. Without your video I would’ve probably given up on the app because it was just confusing and I actually work in accounting scary hah
@jmccrear1 5 жыл бұрын
Long time YNAB user. Hubs and I both have work CCs that get reimbursed monthly and paid in full. Got some helpful tips from your video ESPECIALLY the idea of putting due date for CC in acct description! GENIUS!! Thanks!
@mappedoutmoney 5 жыл бұрын
Boom! So awesome Jenny. Really happy to hear that the video was helpful for you. Thanks so much for watching and for the comment :)
@ErikDouds Жыл бұрын
Another great video. I really do find this way more informative than any YNAB resources. It's my second attempt at YNAB budgeting and the CC payments was one of the final hiccups.
@micheleweber7297 5 жыл бұрын
You really are a genius when it comes to breaking down concepts and explaining them. Another great YNAB video!
@mappedoutmoney 5 жыл бұрын
Thanks Michele! I really appreciate the encouragement. That means more to me than you realize. I'm so glad to hear that the videos have been helpful for you :)
@maaruthis 4 жыл бұрын
Nick, I have been using YNAB since years and could not break the cycle. Did not understand it. After watching your videos, I'm confident that I will be fine in next 1 to 2 yrs. Amazing content and excellent explanation! Thanks a lot buddy :)
@514jej 3 жыл бұрын
True story: We’ve gotten started and comfortable in YNAB because of your videos. Thank you! We decided to add a credit card to the mix, and I tried figuring it out with a shorter tutorial on the subject. A few minutes in I was like, “Nah. I need to learn from Nick. I’ll understand it from him.” And here I am. Keep up the great work!
@jenniferwalker6639 5 жыл бұрын
Thanks nick! I have been a nYNAB holdout because I love YNAB 4 so much. Finally transitioning over and needed help with the credit card stuff. Great video!!
@mappedoutmoney 5 жыл бұрын
Yes! So glad to hear it Jennifer. The credit card stuff is definitely confusing. But so glad that this video helped out :) Thanks for letting me know it was helpful!
@haetube 4 жыл бұрын
Thanks for this video. After 2+ months, the credit card part was constantly tripping me up. I think I understand it now.
@mappedoutmoney 4 жыл бұрын
Awesome! Glad the video helped clear it up for you!
@christinacastaneda5409 4 жыл бұрын
I've been waiting to have a zero balance on my cards to link my credit cards to YNAB. The time is here, thank you for explaining it so simply. Can't wait to start using the cards responsibly!
@geoffaries 4 жыл бұрын
Dear Nick Hello from England! I love the way that you explain the practicalities of using YNAB, the program was rated number 1 by the WHICH magazine in the UK, I have not yet decided as to whether I'm going to purchase it, but I hope that YNAB recompense you for the time and effort that you have put into explaining their product.
@brown1983 5 жыл бұрын
YNAB is brilliant and you're brilliant at explaining it. Thanks dude. I used YNAB a while back with the mindset of forecasting and stopped. Picked it back up again this past weekend and was sent your Beginner's video as a reference. This stuff is really great. Can't thank you enough.
@mappedoutmoney 5 жыл бұрын
Thanks! So glad that someone sent you my beginner's video. So happy that it's been helpful for you man. Thanks for the comment and just keep on YNABing!
@aechevarria76 5 жыл бұрын
I have been using YNAB for awhile but took the lazy approach to managing credit cards in YNAB. Now that I have found this video tutorial I think I am ready to do it the right way. Thanks!
@mappedoutmoney 5 жыл бұрын
Andres Echevarria fantastic man! Glad to hear that it was helpful!
@IgniteTheWorld7 5 жыл бұрын
We have watch the video for beginners and this one. LOVE IT! You teach in such a great and easy way to understand. Thank you, Nick!
@mappedoutmoney 5 жыл бұрын
Awesome!! So glad the video was helpful for you :) I appreciate you taking the time to comment and watch. That means a ton. Thanks!
@danrivera381 4 жыл бұрын
Making payments was puzzling me, but you cleared it up for me. The payee has its own selectable category. Thank youuuu!!
@mappedoutmoney 4 жыл бұрын
No problem, so glad that it helped!
@marcalnardelli5828 5 жыл бұрын
Faraway the best YNAB tutorial not even from KZfaq, but from all over the internet! YNAB should use your videos in their classes It‘s been nice if you comment that right side bar when you click on your credit card
@mappedoutmoney 5 жыл бұрын
Thanks man! I really appreciate that. It means a ton for you to say that. And yes, I should do a video explaining more about that right side bar! Good idea.
@Jir0x 4 жыл бұрын
Amazing, the only video I found speaking about overspending and Interest on credit card.
@zohso Жыл бұрын
Oh man... thank you. I just recently mastered YNAB basics: One account and budgeting along the way. Worked well. Until I got cocky and decided to add my credit cards. I went from a Master to a Padawan in seconds. So defeated. Watched this video and understood it completely. So thanks for getting me back into Jedi status. Not quite a Master yet. But getting there.
@jdp5011 4 жыл бұрын
I can’t tell you how helpful this video and the Getting Started video have been... thank you!!!
@mappedoutmoney 4 жыл бұрын
Awesome, so glad it was helpful for you :)
@KOSANA76 4 жыл бұрын
Thank you so much for this video! I'm loving YNAB, but I've been having a hell of a time understanding credit cards. I think I get it now!
@mappedoutmoney 4 жыл бұрын
Of course! Glad it's helpful for you Alice :)
@JenellBStewart Жыл бұрын
Just started using YNAB 2 weeks now and this credit card thing was soooo confusing because I’m still using my card to get the rewards. I was thinking I had to assign money directly to the credit card category … but then I was like “I’ve budgeted for everything I’m charging so this means I’m budgeting double.” I knew this was wrong but I had no idea HOW to solve this mental dilemma. Now I get it. I also see that YNAB has updated the transaction dashboard and it now says “Record a Payment” - this updates how you’re teaching to make a transfer to the card from the checking. Thank you so much
@kdevor0 3 жыл бұрын
As someone who has spent the last year facilitating online training for digital tools, I just wanted to give you kudos. All your videos have me feeling great about my first "real" month with YNAB!
@mappedoutmoney 3 жыл бұрын
Well thanks Kali! I so appreciate that!
@sincerelym11 5 жыл бұрын
Amazing! This may be my 4th time trying to get a handle on my finances with YNAB. Thanks again, now I finally feel like I understand how the credit card payment works.
@mappedoutmoney 5 жыл бұрын
Awesome Marie!! So glad this was the video that finally made things click for you! Thanks for leaving a comment :)
@dianebentley2004 4 жыл бұрын
I've watched this video at least four times, and today I think I fully understand credit cards in YNAB. Each time I watched the video, I found the answer to the question I had at that particular stage of understanding credit cards. Today, I heard the answer to (what could be) my last question. My stumbling blocks were each explained in this video; my mind just didn't recognize the answer until my mind/stage was ready with the question -- hmmm, that sounds a little confusing. :) My last step is to "write/type" it into my procedures (business and personal, each). Then, it will forever be understood, even if I never read the procedures again ... just my learning process.
@YKKY 4 жыл бұрын
You need to be employed by YNAB! I was doing credit cards all wrong and couldn't get my head around it until I found this video! You are simply magic, you make it look easy and actually give me hope of paying this card (It's the only one with not such huge balance but still) off! Thank you Nick, you are ACE!!!!
@MrJmdubose 5 жыл бұрын
Absolutely fantastic set of YNAB videos. You're a lifesaver my friend.
@mappedoutmoney 5 жыл бұрын
Thanks John! you’re very welcome. I’m so glad to hear that the videos have been helpful for you. 🙌 Thanks so much for commenting.
@ItsAJarofJam 5 жыл бұрын
This was so helpful! I've been trying to figure out credit cards in YNAB and now I think I finally get it!
@mappedoutmoney 5 жыл бұрын
Awesome! So glad that it was helpful for you. Thanks so much for taking the time to comment and let me know :) Appreciate it.
@OhMissLia 4 жыл бұрын
Mr. True, you're awesome. I've watched many of your videos to start to learn YNAB, and when I decided to start using a credit card for the travel benefits, I watched this video a) before I decided to get the card, b) again when the card arrived, and c) again when it came time to reconcile everything after making a few purchases. Everything was fine. Yay! Then I tried to use the mobile app, and now I'm confused. It was a $100 grocery purchase. I entered it in the mobile app under the credit card account and the groceries category. The credit card category went to -$100 available, as expected, but now the groceries category seems really off. The goal amount is $500, but I had $600 budgeted (only the second month of YNABbing, I'm still figuring out how much I actually spend) and there was $99 available. After the $100 grocery transaction, there is $1 budgeted, -$500 in activity and -$499 in available - RED ALERT! What happened? Did I enter this incorrectly? The mobile app doesn't have an Undo function, and I'm not confident enough to fiddle further. Any advice you have is greatly appreciated! :)
@laurawray7705 4 жыл бұрын
Thanks Nick! You've got the right combination of explanation and example to really help me wrap my brain around handling CCs. I've a few of your YNAB videos now, and they're just stellar! You're my go-to for understanding :)
@mappedoutmoney 4 жыл бұрын
Woo! That's awesome Laura :) So glad that the videos have been helpful for you. Thanks so much for commenting to let me know!
@kurtiszone 5 жыл бұрын
Finally credit cards explained!! The official YNAB videos don't cut it, but your videos are so clear and comprehensive. I was ready to quit YNAB before my free 2 months expired, but now will continue to use it. Keep up the great work,Nick!
@mappedoutmoney 5 жыл бұрын
So glad to hear that Kurtiszone! I really appreciate you watching and taking the time to comment and let me know that the video was helpful for you. Good luck with YNAB and let me know if there's ever anything else I can help with!
@kayejanda2884 4 жыл бұрын
thank you!!! I may actually get paying my credit cards right. Your video is terrific.
@JustinSmithXenoabe 5 жыл бұрын
Thanks Nick! I've been confused by this for a long time and this was the first time it clicked.
@mappedoutmoney 5 жыл бұрын
So glad to hear that Justin! I appreciate you taking the time to comment and let me know that it was helpful for you. Good luck YNABing my man!
@TanyaBRealEstate 5 жыл бұрын
Thank you! Like many subscriber comments I signed up to YNAB and was about to give up on it after watching all of there video tutorials but decided to give it one more chance when I googled YNAB tutorials and found your content and am now convinced to purchase the program. I only wish I would have found this before I subscribed and gone through your link so you would have received the free month. By the looks of the comments YNAB owes you a lot for the amount of users that have stayed with them do to you. Keep up the great work and I look forward to checking out the rest of you content on your channel! :)
@mappedoutmoney 5 жыл бұрын
Thanks Tanya! I really appreciate the kind words :) That means a ton. I'm so glad the tutorials have been helpful for you! Let me know if there's ever anything I can do to help! I appreciate you taking the time to write in and let me know that it was helpful.
@nikkiallen7831 5 жыл бұрын
I agree with Tanya! Thank you so much!
@beckyanderson9753 5 жыл бұрын
Thank you! I could not figure out how to make a credit card payment in YNAB. You explained it very well!
@mappedoutmoney 5 жыл бұрын
Awesome Becky! So glad to hear that the video was helpful for you :) I definitely know how confusing the cc's can be. Glad this cleared it up! Happy YNABing!
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