So you've discovered that you're riding a credit card float. Sure, it's a bummer but it's not all bad news. In fact, to point out the obvious: the only thing that has changed is your level of awareness. Before: I pay my credit card(s) in full every month and never incur interest charges or fees. What could possibly go wrong? Now: Ack! I'm borrowing against my next paycheck to pay for current expenses. Awareness, my friends, is half the battle. The next step is to get off the credit card float. The following tutorial details exactly how to set up your accounts and the steps to follow each month until you get off the float. This tutorial is for users of the new You Need A Budget (YNAB) web-based subscription software (sometimes referred to as nYNAB). I'll be following up with a tutorial for YNAB4 users soon. The idea is the same but the setup is different. Let me know if you have questions. If this tutorial is helpful, a kind word in the comments would not go amiss. Float Loan … [Read more...]
