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This is probably a very basic accounting question, but here it goes. I'm using an Excel spreadsheet to track my budget. I've started using two of my credit cards to churn points in certain categories. I was paying the cards off almost weekly through my bank but it was making me confused about where to track the money. Am I better off just paying the credit cards on the due date, for whatever the statement balance is and tracking the purchases under the category as I spend? Seems like if I do it right, my gas + groceries for one month should equal my Amex bill the next month?
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Jul 29, 2013 04:09
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| # ¿ May 2, 2024 15:13 |
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Hip Hoptimus Prime posted:Oh yeah, I forgot about the bank service for that! USAA Web-Bill Pay is pretty awesome. You can setup automatic payments through it and pay non-USAA bills easily.
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Aug 6, 2013 04:19
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Good idea. I'm gonna look into that this week.
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In addition to the helpful answers I got here about tracking my credit card spending in my budget spreadsheet, I found this and it really, really was a wakeup call: http://www.youneedabudget.com/blog/2013/are-you-riding-the-credit-card-float/ I was doing the float. Even though I'm confident I can avoid overspending to churn points, I'm going to put that on hold until I am a month ahead.
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Aug 7, 2013 21:36
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Any reason YNAB gets all the love over mint.com?
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Aug 27, 2013 18:54
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Can you use YNAB on more than one computer? I love my desktop, but don't have access to it for probably 5 nights a week due to my current living situation.
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Aug 27, 2013 21:59
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One thing in YNAB that I'm struggling is why transfers can't have a category. I hate that I can't move $25 into my savings account and say it's for my emergency fund without getting errors.
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Sep 24, 2013 00:54
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Old Fart posted:Every dollar has a job. Before, it was in my checking account. I kind of get that it doesn't matter where "where" it is to YNAB, but it does to me, I want it to be in my savings account (which is on budget).
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Sep 24, 2013 02:42
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Yeah, I may do just that.
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Sep 24, 2013 03:17
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SiGmA_X posted:I use to have 4 savings accounts. One for long term bills, one for retirement (save up xx before transferring to Roth), one for savings and one for short term bills. So if you physically want your emergency fund in a savings account, maybe make a new one and make it off budget? I actually did this a few weeks ago, and now that it's off budget everything is looking exactly how I want it to. Thanks everyone.
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Sep 24, 2013 12:11
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I agree with the overall wisdom of that approach, but once an emergency fund account is funded, it doesn't really take up any bandwidth unless you have a break the glass type emergency.
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Sep 24, 2013 15:03
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UnhealthyJoe posted:Hello, I really am in some desperate need to figure things out. I know I posted a while ago but never really followed up, which is my fault. I know it's been said, but student loans, student loans, student loans. Before I consolidated and got into the IBR (income based repayment) my loan payment was $1900 a month (thanks law school!). Now it's about $600, including the $11,000 private loan from undergrad I couldn't consolidate.
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Oct 7, 2013 23:50
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tuyop posted:As for reading, I can't recommend these enough: Working my way through Your Money or Your Life, seems like the first 100 pages has been A) consumerism is bad, B) more money will make you unhappy, C) have 6 months expenses in savings. It gets better, right?
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Oct 24, 2013 23:56
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| # ¿ May 2, 2024 15:13 |
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I'm going to have to try a fresh start on YNAB i think. I hate to lose all the spending data I've captured so far but I can't use it all for its intended purpose since it always thinks I'm overbudget by ~$2k to $7k.
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Mar 2, 2015 15:37
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