YNAB You Need A Budget

macduncan · by **macduncan** » Fri Mar 05, 2010 10:54 pm

Hi all...while on vacation, one of my daughters wanted to buy something at the the toy store but she didn't have the cash on hand. So I electronically transferred the money from her account to mine then used my debit card to pay for it.

So I categorized the inflow as a credit to the vacation category and did the same for the outflow. Is there any issue doing that vs treating the transfer as "income available this month". I just found it simpler to do it that way.

Thoughts? Thanks all.

Bill

Mudie · by **Mudie** » Fri Mar 05, 2010 11:47 pm

The way that you did it is fine. In many ways it's just like what you would do with a reimbursement as with a store exchange. You purchase and item and outflow, then return it and inflow using the same category only in your case you did the inflow first.

macduncan · by **macduncan** » Sat Mar 06, 2010 8:51 pm

Great thanks Steve!

blarg · by **blarg** » Sun Mar 07, 2010 5:16 am

This is exactly what Jesse suggests in this weeks' Whiteboard Wednesday:

http://www.youneedabudget.com/2010/hand ... wednesday/

YNAB You Need A Budget

Income this month or credit to category

Income this month or credit to category

Re: Income this month or credit to category

Re: Income this month or credit to category

Re: Income this month or credit to category