Charles Schwab Brokerage transactions showing up as check, skewing my income/spending distribution.

Hello,

When I invest money from my Charles Schwab brokerage account into ETF or Mutual funds, it shows up under my transactions as "check". This is causing my spending totals to appear much higher than they are.

Example:
$1000 is deposited into my brokerage from payroll (Income)
I invest all $1000 in an index fund (shows as spending, but really this is an investment)

That $1000 is counting against my monthly spending when really I am saving it. How can I exclude these type of purchases from my spending metric?

Answer

Hi @calvinhawkes - Yeah, 'spending' for an investment has to be handled differently by Mint sometimes...

There are several ways to go, including categorizing it as 'Investment' or one of its subcategories, although that option is only available in an Investment-type account (which Schwab should be), but perhaps easiest is to just mark it "Hide from Budgets and Trends" which is at the bottom of the Category selections. (pic below).

Doing either of these should remove the transaction from your spending totals - hope this helps - good luck!
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