Paying CC's w/ Simple account?

[uRabbit]

We use Simple for our bank accounts (one for me, one for wifey).

We used to use YNAB to track all of our budgets and spending before, but Simple is all-in-one.

Now, however, we have credit cards coming our way to help us rebuild our credit. Just like before, we will be using them to pay utilities, groceries, etc. When it comes to pay the card, though, there would be no way to split a lump payment into budgets. For instance, if we spent $300, we could not split that into categories like $125 for Groceries, $50 for Pet Supplies, etc.

I was thinking of doing either:

- Go back to YNAB or Mint
- Make small payments in the amount of each budget item

Would there be any reason not to make small payments?

Also, refresh me: I can make a payment anytime before the 23 days and still reap the benefits, yes?

[autoxer]

With the credit card, as long as you pay the balance in full by the due date, it doesn't matter how many small payments that comes from. But it still sounds like an accounting mess. You should tell Simple, that you would like to split up a payment into multiple budget categories. I'm sure they have other customers with the same problem.

[FLA]

my credit card splits all transaction into categories by type so I know how much I spent on say groceries and gas. I watch the categories and make sure I am not overspending in any one category, if I am, I make changes in spending in the upcoming month. Would something like that help?

I charge everything except the electric bill and one doctor because neither will take credit cards. So all my expenses except those two things are separated out.

they also give me a year end statement showing spending in each category, that is an extremely helpful document

[uRabbit]

With the credit card, as long as you pay the balance in full by the due date, it doesn't matter how many small payments that comes from. But it still sounds like an accounting mess. You should tell Simple, that you would like to split up a payment into multiple budget categories. I'm sure they have other customers with the same problem.

Simple is a very small outfit, and have many features that they're working on. They don't have joint accounts yet, either.

my credit card splits all transaction into categories by type so I know how much I spent on say groceries and gas. I watch the categories and make sure I am not overspending in any one category, if I am, I make changes in spending in the upcoming month. Would something like that help?

I charge everything except the electric bill and one doctor because neither will take credit cards. So all my expenses except those two things are separated out.

they also give me a year end statement showing spending in each category, that is an extremely helpful document

This is basically what we would need to do, but Simple is our means of doing so currently, unless we run a separate method for the credit card only. We ran YNAB before, which was messy. Mint is an absolute terror to try to organize. I'm not sure what to use to keep track of those transactions, without impeding on our use of Simple's tracker.

[Jluke]

I'm not sure what to use to keep track of those transactions, without impeding on our use of Simple's tracker.

Would an excel file for breaking down the transactions help you or would that complicate things?

You could always redefine your categories - Groceries equals everything from the store (food, cleaning supplies, pet food, etc).

[snafu]

Suggest running your own spread sheet on Excel to track the numbers for your various categories. As a routine, it adds about 10 minutes to time you spend on finances.

[uRabbit]

Would an excel file for breaking down the transactions help you or would that complicate things?

You could always redefine your categories - Groceries equals everything from the store (food, cleaning supplies, pet food, etc).

Suggest running your own spread sheet on Excel to track the numbers for your various categories. As a routine, it adds about 10 minutes to time you spend on finances.

I have attempted this in the past, as I run our monthly budget, due dates, paid or unpaid items, and our track our tips from work, all within a Google Spreadsheet. The issue that I've run into is having a way to reference a category. I tried to implement a pull-down menu that would reference categories, but it is not a seamless process, unfortunately.