All of A Sudden Amounts Are in the Red
Signed on to check that a that a couple of things had posted and noticed that I have some red in my budget. Can not figure out where it came from or how to get rid of it. The amount on my checking, prepaid credit card match with the register. The only funds I have that could cover the overage are on dedicated "gift cards" and not "Real".
Here is a screenshot to give you all an idea of what I am dealing with. I am sure there is an easy solution that I am overlooking.
The header says that you have $996.10 budgeted in April but only have $994.85 funds for April.
Funds for month is a combination of any money budgeted in the future from a previous month, any income not budgeted in a previous month, and any income received in the current month. So effectively you do not have enough money to budget $996.10 in April.
No March overspending, so that's good, but if you sent any of that money to the future you should check March for any over budgeting (not overspending) since that would have lowered the BIF in March by the amount of the over budgeting.Reply
I finished March with $2.38 BIF, not sure where that was at. Will start looking for it.
Would overbudgeting be my cell phone is 49.85 but I budgeted $52.50? My cell phone is on a true 30 day billing cycle, I figured out if I put in an extra, $2.35 a month, by the time every 4 years that the month with 2 billing cycles rolls around I will have built up enough for the bill.Reply
The amount of money in your categories (in the farthest future month you've budgeted in) should be equal to all the money you have in your accounts now. If you have budgeted more money than you have, then you are overbudgeted.
The "when" only matters in that you are receiving and budgeting new income as it happens, and that money comes out of your categories with spending.
You are overbudgeted by 1.25, but you are also overspent in the Groceries category by 4.98. That means you cannot rely on your category balances to make spending decisions because you have a total of 6.23 of fake money in your categories.
This needs to be fixed.Reply
So if I have over budgeted and budgeted into May. Stupid question, if I just go to May's budget in one of the categories I should see $1.25 right? I see nothing, and to play it safe I even unhide all the hidden categories in case there was something there.
I am going to bed, migraine coming on, I am hoping someone will come up with a something for me to check in the morning as I am at a lose.
I know it needs to be taken care of but I don't know how.Reply
Does this look better?
Took me a couple of hours and going through the budget and then the accounts line by line. Seems what happened is the amount for my Kindle Unlimited Subscription, that I found out is not even due until May 24 not April 24, was doubled. So that is what put me into the red and throw everything off. Once I deleted the extra and hid all the unneeded categories. My budget looks a lot better.Reply