Question

I've tried looking but I can't find an answer. How do we track refunds or returns of items on our expense tracker? Meaning if I bought an item say from target but decided to return it. Would I need to put the returned amount as a deposit? At the end of the month, would I have to count the original purchase towards how much I spent in the category (for the entire month) or would I minus the refunded amount in that category? Example if I spent $100 on misc for the entire month but ended up returning $30 worth. Would I still put I spent $100 for my end of the month recap or would I put $70?  

Answer 1

I had a few like that and I also had cash from a friend (I put dinner on my credit card) I logged It in my tracker as a credit to keep track of actual spend. You can do it either way you want though - what ever is easiest for you. There are no tracker police- just make It accurate!  

Answer 2

I personally count the refund as income but I put it right back in the budget for whatever it came out of

Answer 3

If it's in the same month I just calculate them together. if it's in different months, I put the credit toward my debt