Repaying Previous Month’s Credit Card Purchases

Let’s walk through the following scenario:
Your credit card balance is $0.You go to the grocery store and spend $100 using your credit card.Next month, you repay the full $100 without any interest.


Only Using Expense Tracking (No Budgeting)

After using your credit card at the grocery store, record the following transaction in Pixel Budget:
  • Transaction type: Expense
  • Amount: $100
  • Vendor: Walmart
  • From Account: My Credit Card
  • To Expense Category: Food / Grocery
Always make sure to use the Vendor field. Next time, auto-complete can fill out the fields automatically.

Next month, when you repay the $100 credit card debt, record this transaction:
  • Transaction type: Transfer
  • Amount: $100
  • From Account: My Checking Account
  • To Account: My Credit Card
This reduces the balance of your checking account and brings your credit card balance back to $0.


Expense Tracking with Budgeting

After using your credit card at the grocery store, record the same expense transaction:
  • Transaction type: Expense
  • Amount: $100
  • Vendor: Walmart
  • From Account: My Credit Card
  • To Expense Category: Food / Grocery
Since you have added a credit card account, the Credit Card Repayments category group appears on the Budgeting page.For more details, see this page:  ⁠⁠Credit Card and Loan Repayments Category Groups⁠ 

Inside the Credit Card Repayments category group, you will see your credit card account listed. Next to the name, you will see the outstanding balance: –$100.


Budgeting for the Repayment

Assuming this was your only credit card purchase, next month you need to allocate $100 to repay the debt.
    Click the Budget field (3rd column).
    Set it to $100.
The Available field (5th column) will change to $100, indicating that money is reserved for repayment.


Upcoming Feature

A feature is coming soon that will automatically set the repayment budget based on the previous month’s credit card spending.
This will help avoid overspending and ensure repayments are properly planned.
This setting will be turned on by default and can be adjusted in:  ⁠⁠Settings⁠ 


Recording the Repayment

When you repay the $100 credit card debt next month, record this transaction:
  • Transaction type: Transfer
  • Amount: $100
  • From Account: My Checking Account
  • To Account: My Credit Card
On the Budgeting page, this transfer will appear in the Spent column (4th column).
The credit card balance (1st column) changes to $0.00, and the Available field (5th column) also changes to $0.00.