Home Quicken for Mac Budgeting and Planning Tools (Mac)

Credit Card Payments vs. Transfers

I wanted to ask the collective for some advise on budgeting credit card payments. Note: I'm a a LONG time Quicken user so very familiar with most of the basics. This is more of a process question than strict functionality, but I'm hoping maybe someone as some ideas.

All of my credit card payments currently process as transfers and net to 0. This makes sense as this is just moving an asset (checking) and paying off a liability (credit). In general, this fits with my general believe as the expenses are calculated based on the credit card transactions and those apply correctly against the budget.

My question comes in trying to budget CASH FLOW due to lingering credit card debt, especially carried over from previous years. When working my budget, I like to see how much is outgoing from a cash flow perspective. This doesn't work to budget credit card payment because it nets to zero.

I used a quick workaround in adding an "uncategorized" line to my budget for the amount of my credit card payment. This works fine for budgeting monthly cash flow, but it doesn't help when reviewing performance to total budget because the actual value always remains 0.

Any recommendations?

Best Answer

Answers

This discussion has been closed.