positive credit card balance show as overspending but should carry over to next month
I got a late fee on my credit card which I budgeted out of my fees category. (easy peasy)
I paid the credit card (including late fee) (so far so good)
The late fee was then reversed and I credited this back to the fees category.
I reconciled my cc account which now has a positive balance of $35 reflecting the credited late fee reversal (and my overpayment).
This shows up as "overspent" in the credit card category, which actually makes sense to me because the available budget in that category is just a holding bucket for what has already been spent and is available to pay the bill. So because there's a $35 credit, it makes sense that i'd have $35 less available to pay the bill because the bill will be $35 less.
HOWEVER this should roll over to next month because that bill won't reflect the credit until next month. Also why does it show an extra $35 in TBB now? I didn't have any extra inflow other than the $35 credit which I categorized under Fees.
I see that if I categorize the extra $35 under the credit card it will just zero that category, but what will happen when my bill is $35 less next month? but now i have $35 extra in the cc bucket?
This is where I lose the logic thread.
If I do nothing, it also zeros out the cc bucket, but again, next month will i have an unexplained extra $35 when I pay the bill, which should be $35 less than what i spend next month?
I think what I will need to do, is artificially make it carry over to next month - so I budget the random extra $35 in cc this month. that results in me having an extra 35 in the cc bucket, but next month I can budget negative $35 in the cc bucket - which zeros out the bucket again, and i can re-budget the $35 to a spending category. and then the cc bucket should end up matching my bill.
I'll let you know if that works as i think it will.
My point is that because the cc category doesn't work the same way as spending category, ie- a positive balance is reflected as negative, negative balances should actually carry over in this category.
TBB was increased when the CC account went positive. Use these seemingly new funds to clear the overspent CC Payment category.
A positive CC account is effectively a cash account. Think of it as another checking account. As such, your next $35 in purchases DON'T HAVE TO BE PAID BACK. Therefore $0 is the correct amount to be reserved for your CC payment (i.e., the Available amount).