When I preorder an album do I have to have the money in my account to get the whole album

Hello Yungmarrr,

Thanks for using Apple Support Communities.

You will be billed once the pre-ordered item becomes available:

When the pre-order item becomes available, your account will be billed for the pre-order, and the item will appear in the Purchased section of your account.

iTunes Store: About pre-orders

http://support.apple.com/kb/HT5714

Take care,

Alex H.