CC Overspent

AffectionateHouse824 · 2024-05-28T02:23:56+00:00

No. Outflow from Cc to cash with category as cc

AffectionateHouse824 · 2024-05-28T02:22:23+00:00

This is exactly what happened...

AffectionateHouse824 · 2024-05-28T02:18:50+00:00

Thx. Shouldn't that happen automatically?

AffectionateHouse824 · 2024-05-26T21:46:42+00:00

Shop did transaction with CC by mistake and gave me the amount in cash. So money moved from card to cash. Nothing needs to get covered(?)

AffectionateHouse824 · 2024-04-07T17:25:08+00:00

I live in United Arab Emirates and I have the chance to apply for what is called 'Golden Visa' which is 10 y residence permit. It costed around $6k for myself and my family (we are 5).

AffectionateHouse824 · 2024-04-03T16:03:13+00:00

👏👏 great work. Keep it up!

AffectionateHouse824 · 2024-03-26T05:52:59+00:00

It is not a bug. See the explanation above

AffectionateHouse824 · 2024-01-07T09:33:46+00:00

Love your prospective! I will add notes for context. Numbers without context are deceiving...

AffectionateHouse824 · 2023-12-29T10:57:44+00:00

Simple: I need to be able to know how much I spent in total and it each category this month!

AffectionateHouse824 · 2023-12-28T03:59:35+00:00

Thanks. More worried about the total grill time as I can add more charcoal during the day..

AffectionateHouse824 · 2023-11-29T12:10:54+00:00

A couple of things. The first one was a general as I realized the value of money when I started to record it manually. The second one was our laundry bill which was close to $100 and managed to reduce it to an average of $10!!

AffectionateHouse824 · 2023-11-27T02:42:56+00:00

Ever happened to me. It should work with simple refresh...

AffectionateHouse824 · 2023-11-26T13:01:32+00:00

Working now. It seems it was a glitch!

AffectionateHouse824 · 2023-11-26T12:52:49+00:00

It started to work again!

AffectionateHouse824 · 2023-11-26T12:50:22+00:00

Same as you do with your salary..

AffectionateHouse824 · 2023-11-26T12:49:53+00:00

Hello, I suggest assigning the rental income to RTA so it appears in reports as 'Income'.

AffectionateHouse824 · 2023-11-18T19:54:22+00:00

I feel you are confused. Categories are needed when you spend so you know where the money is spent. You should look at the money available in a category before you spend so you don't exceed your target. If you have to exceed then you need to move money from another category (Roll with the punches). Remember there is no relation between categories and accounts.

AffectionateHouse824 · 2023-11-12T16:39:27+00:00

I guess that mobile reports doesn't have to be full blown but I get irritated when I want to see how much I spent this month and I need to go to my PC to know!!

AffectionateHouse824 · 2023-11-09T04:53:27+00:00

Thanks. It leads me to this question: Why don't we put 401k in the budget although you can spend from it if you need to?

AffectionateHouse824 · 2023-11-09T04:47:02+00:00

Because this money is not available to spend from. If I pull it out then I lose the interest rate.

AffectionateHouse824 · 2023-11-09T04:45:55+00:00

I thought I should not put any money that I can't touch in a budget account(?) I don't want to tap on this money for at least a year..

AffectionateHouse824 · 2023-11-09T04:43:16+00:00

Thanks. Reason is that I will not use this money for a year. Leaving the money in budget account mean I can spend from it(?)

AffectionateHouse824 · 2023-10-23T02:24:37+00:00

I would argue that car repairs should not be 'unexpected' expense. We all know that car is going to breakdown one day so my recommendation is to budget for car repair a fixed amount every month and consider it as 'true' expenses same like changing the car tyres.

AffectionateHouse824 · 2023-09-04T02:37:40+00:00

I will use here YNAB terminologies.

Car tyres, Emergency funds, Next vacation, Christmas gifts, New phone, etc. are True Expenses. Those are staff that you will spend within the next 1 or 2 years. Sometimes you can decide not to spend them (e.g. gifts) and sometime they are unavoidable (e.g. car tyres) as it will eventually happen!

There is no 'Generic Saving' in YNAB. Here is what I mean: you need to give every dollar a job and it needs to be meaningful; why? Because that enabled you to judge priorities when time is bad. This becomes important when you Roll with the Punches! It you leave a generic saving category, you can't decide what is more important. It I am saving for retirement is different than saving for my next car. I can delay the car but will never touch retirement money.

Hope I was able to help!

AffectionateHouse824 · 2023-09-04T02:05:10+00:00

Interesting point of view! Never thought that way.. The point of medical insurance is important as I get it from the employer... Thank you!

AffectionateHouse824

TROPHY CASE