A lot of users around the world have asked me why doesn’t Bluecoins treat credit card payments as expense? Bluecoins uses standard accounting principles all throughout the app. Based on these principles, payments to credit cards from your bank or checking accounts is simply a way of journal-ling movement of funds from one account to another. The expense was incurred at the time of purchase, that is, when the item was purchased with the credit card.
Having a credit card is a great convenience, but also, we need to follow good principles on how we look at credit card purchases so we do not fall into bad habits when it comes to personal finance management.