Author Topic: Using Credit Cards in Financier and Pay the Statement Balance Off Each Month  (Read 533 times)

Offline Patrick

Hey Financier users,

Was wondering how people are setting up their credit cards in Financier if you are using them to just pay your normal bills.  It doesn't seem to work quite right if you are adding credit cards as debt.  Any tips on how you are doing this?

Patrick

 :parrot: :parrot: :parrot:

Had to use the parrot, couldn't resist.
« Last Edit: December 08, 2016, 06:41:10 AM by Patrick »

Offline Joel

Since I pay my cards in full, I just record the starting balance as negative income and delete the pre-software debt category.
Biking and budgeting my way to early retirement!

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Offline Patrick

Joel, so I just added my credit cards as negative cash accounts.  Is that what you mean?

Offline Joel

The type of account you classify them doesn't really matter as long as they are on-budget accounts.

What I'm referring to is changing the category of the starting balance to income, so that my available to budget is reduced by the amount from the very beginning. As opposed to have a negative pre-financer debt category that I needed to budget to.
Biking and budgeting my way to early retirement!

Ting referral: https://zp8h3m5ceig.ting.com/
Lastpass referral: https://lastpass.com/f?27278462