Envelope budgeting with credit cards

[Ulrike Fischer]

Am Thu, 04 Feb 2010 19:11:58 -0700 schrieb Mister Ribble:

> I'm considering using gnucash for my budgeting. My budgeting is a little 
> unique, but I imagine others have found a satisfactory solution - 
> hopefully they'll chime in.
> 
> My finances revolve around a single checking account and a single credit 
> card. Each month I allocate a number of income dollars to various 
> budgets, say 100$ for groceries, 200$ for gas, etc. These allocations 
> roll over each month, so if I spend less than the allocated amount, the 
> next month I'll have 200$ in gas + whatever was left from last month. 
> This way I can build up funds for things like car repairs that happen 
> randomly.
> 
> All of my transactions go through my credit card, which I pay off at the 
> end of the month.
> 
> I haven't been able to figure out how to move my money around in 
> gnucash. If I move money out of my checking account and in to a 'cash' 
> account for groceries or gas, then whenever I charge something to my 
> credit card that should be groceries or gas, I end up with the allocated 
> amount plus the spent amount, rather than allocated - spent. I've tried 
> fiddling with different account types, but can't figure out how to get 
> the accounts to add up. Any suggestions?


http://allmybrain.com/2008/12/15/better-budgeting-with-gnucash/

-- 
Ulrike Fischer