Update Credit Card Section Fixes #742

[Juulz]

I am unable to upload images from my fork. They are here:
images

Updated Credit Cards:

• Rewrote index.md to explain how Actual treats credit cards
• Split off Paying in Full - Within the Budget and rewrote with screenies
• Rewrote Carrying debt with screenies

Please add Citi and Citibank to allowed words. Thank you.

[Juulz]

Please add Citi and Citibank to allowed words. There is really no replacement in the examples. Otherwise this is ready to go.

[Juulz]

Line breaks fixed. All checks now passing.

[youngcw]

Should the link here go directly to the recommendations for staying within your budget?

[youngcw]

I would recommend a different approach here. I would recommend that a person categorizes as the actual category of the spending, then covers the spending by creating debt in the CC category. That way the spending shows in its proper category and isn't lost in the catch all of the CC category. Thoughts?

[Juulz]

The other choice is to move funds from the CC Category to the spending category to cover the transaction. AB does not let you cover overspending from an overspent category unless you do it by hand somehow - never tried it. Seems like it would cause a mess.

Otherwise, you'll have to make a dummy transaction to increase the debt.

It's so much easier to categorize the debt as debt and make a note of what was purchased.

I believe this is a limitation of the way AB handles CC debt.

[youngcw]

Its true using the little menu option doesn't let you move from an overspent category, but you can always manually subtract funds. I don't know why that would be messy. Its the same processes as budgeting, or pulling from savings to cover something

[Juulz]

Let's say you've already budgeted for your minimum payment. You would negate that by subtracting? I don't want to explain why that should be done to someone living paycheck to paycheck. Better to categorize it as debt - that's the important part. Another option would be to split the transaction, even if one half is ZERO to the category as a placeholder (but I wouldn't put that in a document).

Actually, I think the current docs allude to using the debt category for new debt.

[youngcw]

The note says its for people that have been paying off their card every month. I think for those people it makes more sense to add new debt vs directly charging to the CC category.

[Juulz]

I think writing a how-to on covering spending from a negative rollover category might be beyond this document? At least it's beyond me at this point. If there is already documentation on how to do it, we can point to it to create new debt. The current doc notes that carried debt is categorized as the CC category.

Although, if you know how you might wanna write it, you maintainers can choose to change it however you see fit. I really don't mind at all. XD

I have added in an OR to include that the payment is the difference between account balance and category balance and shown in the example that it is the same.

As an aside... I think I understand why nYNAB chose to make a special credit card account type. ; )

[youngcw]

Does it really need to be this copmlicated to calculate the payment? Does this cover something that account_balance-category_balance doesn't?

[Juulz]

Here's how I explained it to Magnus in a long convo we had here: https://discord.com/channels/937901803608096828/1425149940891521076

I would be hesitant to do it that way if I were living paycheck to paycheck. It's easy to prove it will be OK if you reconcile using the statement, prove you've covered it all, use the statement numbers and you'll KNOW that it's all OK.

Perhaps a line noting that it turns out the same if you do that and the user can choose once they are comfortable?

[youngcw]

Adding in the short version probably would be good. I worry that this new page is getting long already and having a long math equation to figure out what your payment is is just another point against people paying attention.