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UFMC Days 25-28

January 29th, 2019 at 05:57 am

All standard monthly payments except for Home Depot. We got some lightbulbs, paint for the nursery, and a big storage box for DH's Army gear. We've been meaning to organize our big storage closet in the basement, and I finally went ahead and got him this storage box. I was thinking it'd be a few hundred bucks from the way he kept talking about it, but it was only $50.

The money in is the first of 3 or 4 refunds for health insurance premiums. In the midst of the whole insurance debacle, we were still paying all of our normal premiums. So once it all got worked out, I asked about refunding those payments (this was mid-December). They kicked off the process and told me it'd be 30-45 days. So I followed up a week or so ago when I had to call for something else anyways, only to find out it had gotten hung up. They were able to get it worked out, so we should have about $780 coming back in various payments over the next few weeks.

What I'm struggling with is YNAB. It's going back into Health Insurance. However, I'm using those refunds to just pay down the CC balance (we now pay it in full, but we ride the float, so we accumulate more as we pay it). There's no option to assign it to the credit card, but moving the money from Health Insurance to the card increases the payment available which isn't accurate since the money's already on it. If anyone has any thoughts for handling it, I'd be open to suggestions.

Day 25: NSD

Day 26: Hulu ($5.99); Home Depot ($105.23)

Day 27: Money In - Health Insurance Premium Refund ($162.35)

Day 28: Verizon ($84.99); Car Payment ($401.59)

3 Responses to “UFMC Days 25-28”

  1. creditcardfree Says:

    Aren't all the transactions on your credit card recorded in YNAB and categorized? So you have already matched income dollars for those transactions? I guess I see your insurance money coming in as income and you need to know what category to fund with that money. I hope that helps, not sure if I'm following what you are saying.

  2. Debt-free by Thir-ty Says:

    I guess my confusion is that it was budgeted way back in September, and I haven't budgeted anything to Health Insurance this month. Since I've already made several payments, it seems weird to me that if I categorize it back to Health Insurance and try to move it to the credit card, it shows as money available for payment, but it already reduced the credit card balance when I recorded the transaction, so now, it's basically telling me that I can make a payment for that amount, but wouldn't that come out of my current funds (which I don't want to do)?

    Other people have said the numbers match somehow, so for now I just categorized it as inflow, and put a note on the payment available that it may be off.

  3. Debt-free by Thir-ty Says:

    I'll watch some more Youtube videos because it bugs me that I don't understand the logic behind it.

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