Accidental charge and reimbursed a month later
I was accidentally charged at the end of April the full 6 month premium for my car insurance. I've been working with the insurance company to fix this and they have reimbursed a large portion in May. I was hoping they would just reimburse the whole amount and I could start over with a monthly payment but that isn't how they roll. So my April budget says I overspent by 1500 and now my May the car insurance category says I have 900$ (the first portion of the reimbursement) which I really don't. I was thinking of deleting the imported original charge and the reimbursement and just entering the difference as a transaction but wanted to get some advice.
Sea Green Wildcat said:
my May the car insurance category says I have 900$ (the first portion of the reimbursement) which I really don't
If you don't have any red in the budget -- check the CC Payment category -- then you actually do have that $900. Of course, you also have $1500 of additional debt for which money is not reserved for payment (in the CC Payment category). I suggest you move the $900 from Car Insurance to the CC Payment category.