Transfer from budget to tracking
I’ve invested money from a savings account to an investment account. In recording the transaction, I’m forced to select a category. This results in the category appearing to be WAY overspent since all those dollars are moving from my budget to a tracking account. Is this how it’s supposed to work? Do I just leave an overspent account for this month? Thanks much.
So first, you account is not overspent (well, I guess if you overdrafted you could say the account is overspent), your category is overspent. And no, it should not be red. You have to allocate funds to categories for money that is going to leave your budget, even if it is only going to a tracking account (which is outside your budget). I have a category for investing and I assign funds to it every month because every month on the 30th, there is an auto debit to transfer funds from checking to brokerage.