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Transferring earmarked money between accounts?

 

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Subject Author Date
Transferring earmarked money between accounts? cfscare 09-22-2009
Posted by cfscare on September 22, 2009, 11:44 am
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I tend to accumulate money in a checking account and, when the balance
is high enough, transfer some to a money market fund, where I get a
better return.

This works fine, but it's clumsy when savings goals are involved. I
have to release any earmarked money into the checking account, make
the transfer, and then contribute it again to the savings goal.

Is there a more graceful way to manage this? Or are there software
packages that handle it differently? I like the idea of earmarking
funds, but my current system is too cumbersome. Thanks.

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