How to deal with the cash flow and the credit card.

[Explorare H. David]

So the best solution for me is to make a scheduled payment after I got
CC bill?  This would help me a lot, I think. And "Future Minimum" is a
useful feature.

Thanks for all of you guys. Have a nice day.


On 2017-09-26 01:28, Buddha Buck wrote:
> What might be a nice feature for GnuCash to have is the ability to
> generate an "available credit" column for credit cards in some sort of
> report.
>
> As long as I pay more to credit cards than I spend each month, I pay
> no interest on the balance. As such, I sort of treat debit and credit
> cards interchangeably. It's convenient for me to keep the credit card
> balances low, and put all my recurring charges (mortgage, utilities,
> cell phone, subscriptions/memberships) on the cards, so I don't have
> to worry that they won't get paid if my bank balance is low.
>
> Under those circumstances, a figure of interest to me is available
> funds, the sum of liquid cash assets and available credit. I don't
> think I can get that easily out of GnuCash.
>
> This is sort of what I though Explorare was looking for.
>
> As a bit of financial advice to Explorare, since I've had times when
> I've had difficulty with managing cash flows: Don't pay your CC (or
> other bills) according to their schedule; pay them according to yours.
> If you have a $200 CC bill due on the 30th, and you get paid on the
> 10th and 24th, pay $100 on each payday instead of waiting for the due
> date of the 30th. Do that for all your bills that you can (especially
> for ones which are a known, fixed, amount). Pay a portion every payday
> rather than on the due-date. For recurring payments you can't
> pay-in-advance, put them on your credit card, then pay it on your
> payday instead. When I had a steady job but poor cash management, I
> solved it by paying half of each of my bills via automatic bill pay
> timed for the same day I got my paycheck via direct deposit. I would
> go to work, and by the time I took my lunch break, the money left in
> my bank account was post-bills.
>
>
> On Mon, Sep 25, 2017 at 12:45 PM Christopher Lam
> <christopher.lck at gmail.com <mailto:christopher.lck at gmail.com>> wrote:
>
>     I think the easiest way is to schedule both repayments as you
>     expect to pay
>     the credit cards in the future (23 and 30 of the month).
>     Then on the main Accounts window, enable the column labelled "Future
>     Minimum" which will warn you how close to the red line you will be :)
>     (Click on the down arrow on the rightmost edge of column headings)
>
>     On 25 September 2017 at 23:35, Explorare H. David
>     <explorare at outlook.com <mailto:explorare at outlook.com>>
>     wrote:
>
>     > Thanks for your replies. And here is what I'm considering.
>     >
>     > The repayment date for one of my credit cards is 23rd, and 30th for
>     > another. If I want to buy something in cash between these 2 dates, I
>     > need to know exactly how much money I could spend on that day. I
>     have to
>     > repay one of the credit card on 23rd, but the liability value
>     for that
>     > account is actually includes some bills I don't need to repay in
>     this
>     > cycle.
>     >
>     > So here comes the question: how do I know how much money I need
>     to pay
>     > for the credit account and how much "money" I still have on my debit
>     > account if I repay the credit on time.
>     >
>     > And how do you guys estimate your usable money for the coming
>     months?
>     > For example how much "cash" I still have and how much "money" I
>     could
>     > use include all credit accounts.
>     >
>     >
>     > On 9/25/2017 04:05, Aaron Laws wrote:
>     > > On Sun, Sep 24, 2017 at 11:12 AM, Explorare
>     <explorare at outlook.com <mailto:explorare at outlook.com>
>     > > <mailto:explorare at outlook.com <mailto:explorare at outlook.com>>>
>     wrote:
>     > >
>     > >     Just a stupid question:
>     > >
>     > >     I have three credit cards which have different bill date.
>     So how
>     > >     to know the
>     > >     amount of cash I have on a specific date? Is there a tool to
>     > >     calculate this?
>     > >     I didn't find a place to set the bill date and the
>     repayment date.
>     > >
>     > >     Sorry for my poor English :P
>     > >
>     > >
>     > > Are you wanting to know your current assets minus your current
>     > > liabilities to know how much "money" you have on hand? For this,
>     > > you'll take your chequing account balance and subtract all
>     your credit
>     > > card balances, right? I use the "Net Worth Line Chart" for this
>     > > purpose, and only select the current assets and liabilities
>     (chequing,
>     > > cash, etc, and credit cards, etc.).
>     >
>     >
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