anonymous
Wed Mar 03 06:23:22 CST 2004
The best thing I think you could do and what I did is put
my credit card accounts into the debt planner. As you go
through and put all your debt into the planner, you
allocate so much per month that you are willing to spend on
all debt related accounts. It then adds this into your
budget as a special item with the total amount you plan on
spending per month put aside as a single item in the
budget. Make sure, however, when you make a payment to the
credit card account that you put it under the right
category. It should be under a category something like
"Credit Card Payment: "Card Name"". These categories are
created when you put it in the debt planner. Then the
amount will be deducted out of the "Special" part of the
budget in the debt planner section.
>-----Original Message-----
>How do I account for the monthly payments in my budget?
>Obviously if I only have a set amount to deal with, I the
>payment has to come from something...It doesn't make sense
>to have expenses = income and still have credit card
>payments.
>
>>-----Original Message-----
>>Credit card payments are transfers and aren't part of
>your budget.
>>
>>-Jeff
>>
>>
>>
>>"SusanK" <anonymous@discussions.microsoft.com> wrote in
>message
>>news:509701c4000d$32dc4dd0$a301280a@phx.gbl...
>>> I have opened checking accounts and credit card accts on
>>> money. When I pay a credit card via Bills and Deposits,
>>> it enters it on both accounts but not in the budget, if
>I
>>> pay it through the checking account it will then appear
>in
>>> the budget but not on the credit card account..even
>those
>>> categories and subcategories are the same. What am I
>doing
>>> wrong?? If I do it the second way I found I can manually
>>> enter it on the credit card account but need to exclude
>>> from budget or it doubles...which is double the work
>>> entering.
>>
>>
>>.
>>
>.
>