Handling Per Diem (End of Month)
I'm a corporate/charter pilot and get paid per diem when I am on the road. The payment is once a month along with my paycheck.
As of now I just have a category under "Immediate Obligations" called "Work Meals". I enter the transactions in as normal and then pay off the category once a month when I get my per diem check. It's almost like having a credit card I guess.
Is this the best way to handle this, or is there a better way to go about it?
I think it would be better if you could get to the point where you can budget it ahead of time, and then the check would come in, and could be used to help budget for the next month. It's best if you don't let your categories go negative, even if you "know" that a check is coming that will "make it right" at the end of the month.