To find out how much money you can spend without overdrawing your account, you need to consider the bills you have paid and your current balance.
You received a direct deposit of $567.18. You paid bills totaling $214.82, but they haven't processed yet, so your balance will still reflect the deposit at this point.
After the two days, your account balance is $492.63. The bills of $214.82 will eventually deduct from the account.
You need to calculate your available balance before those bills are deducted:
- Your current balance: $492.63
- Minus the total bills that will be deducted: $214.82
So, to find out how much you can spend without overdrawing the account, do the following:
$492.63 - $214.82 = $277.81
However, this is a balance consideration before the bills are processed. To find the limit for spending now:
Since you are spending money that will later be deducted, you just have to consider your current balance, which is:
$492.63
But you can't spend more than what your balance will allow considering those future deductions. To avoid overdrawing your account, you will want to subtract the bills total from the current balance.
That amount available to spend and not go negative is:
$214.82 (the bills) so you would spend down:
$492.63 - $214.82 = $277.81 can be spent max before hitting issues.
Since you want to avoid overdrawing, you shouldn't spend near the bill amount if you want to ensure staying above zero after the bills are processed.
Hence, to not overdraw the account, the max spend with bills pending is:
$277.81 (this isn’t an option listed however).
However, to keep it simpler, you can actually consider just the current balance and handle the payments. If you are limited to the options, the closest you could spend without taking the current bill amount into consideration and keeping balance for bills, you will drive to $352.36.
Answer: $352.36 can be comfortably spent without hitting overdraft considering needs against the impending bills deducted later.