I've been reading a bunch of posts, and the question of How to Log Credit Card Payments seems to come up quite often.
The good news for me is that for the past few years, I seem to have been doing it the 'right' way. I download all credit card transactions to their respective registers and catagorize the charges individually. A payment is simply a transfer from my checking account to the credit card account.
Here's my problem. When using the Quicken Budget and looking at monthly expenses, those CC payemtns are not included, since they're simply a transfer of funds. Now our primary credit cards I pay off completely each month, but like many others, I have 2 cards that I use strictly for balance transfers, and they hold much of our credit card debt from years past at low interest rates. Quicken doesn't seem to pick up that I spend x amount of dollars each month paying down these other credit cards.
Is there a better way to help Quicken account for this in budgeting, expense and spending reports?
Hope that makes sense :) Thanks so much for any advice!
-Don