Credit Card Payments - Monarch Money Goals 3.0 Update

Описание: Remember, you do NOT need to budget for your credit card payments if the cards are connected to Monarch AND you are paying them off in FULL every month!!!

For those carrying a balance, here are the 3 Workarounds we've come up with so far to budget for credit card payments:
1. Make them an expense category. This is best for those we either a) have stopped using the credit card for purchases, b) have balance transfer cards, c) Don't have the cards connected to Monarch

2. Leave money out of your budget (Left To Budget) so that you have extra cash every month that isn't spent that can go toward paying off credit cards

3. Create a goal as a placeholder for credit card funds in your budget (you will not actually use any goal functionality here, this is just a placeholder).

00:00 How do credit cards work
03:00 How they effect reports
07:00 Notice For Those Paying Off Card In Full!
07:30 How Goals 3.0 Has Changed
08:30 Method 1 Budget For CC Pmts
12:45 Method 2 Budget For CC Pmts
13:40 Method #3 Budget For CC Pmts


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🙋 About Me
I’m Taylor, a financial coach and AFCⓇ, CFPⓇ. I help high-income professionals and families build budgets that work with their values. Whether through Monarch tutorials, group coaching, or 1-1 support, I’ll help you feel confident with your money.

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