I am paid on the 19th every month (£2500)and the first thing I do is pay off the prev months credit balance (about £1500) which runs the 11th to 10th of each March
That simple simple set up is confusing me a lot when I try to build my excel. I’m ending up double counting expenses by logging this month’s predicted spend and last months actual in the same column so I look like I’m overspending. But just based on having a look at my bank account I know I am saving, I just can’t tell by what magnitude.
I was wondering how other people deal with this? I’m a bit embarassed because it’s basic but I feel like I’m conflating cash flow with income statements in this process.
original posted by OhThatsVeryGood to r/personalfinance on Tue, 19 Mar 2024 11:21:46 GMT.