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


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.

$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?


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!
Was this answer helpful? Yes No

No answers have been posted

More Actions

People come to Mint for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach: