Why don't card expenses appear in budget for the current month?

One of the main actions we should take when we decide to control our finances is to cut excessive expenses, isn’t it? With that in mind, we created a feature in Mobills called Budgets. This functionality allows us to stipulate a maximum amount to spend on a certain category in the month.

So far so good, but why don't credit card purchases appear in the quotes for the month of purchase?

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At Mobills, we follow the standard that determines most economists, that an expense is only an expense at the time it is paid, not at the date of creation.

Therefore, charges made on your credit card will only appear in the Budgets for the month in which the invoice is paid. 😉

The article Credit card charges appearing on the due date, not the day of purchase can help you clear up your doubts. 

We also prepared a full article on Budgets! You can check it out anytime!