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Posted by Pigments on December 1, 2007, 10:17 am
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> Pigments wrote:
>> Trying to teach my wife about not spending money that is spoken for,
>> yet still have the account show a correct amount.
>>
>> For example a Savings account holds all our extra monies. Including
>> property taxes, gift money, vacation money, etc. Should I create
>> addtl dummy savings accounts within Quicken and have money transfer
>> to the dummy accounts so she sees where it is going? If I do that,
>> the money in reality is still in the savings account, but for the
>> purpose of Quicken view, she sees it as allocated. How do I account
>> for the always incorrect balance in the real savings account,
>> interest. etc?
>> OR, is there a way to record the money in the one savings account as
>> spoken for but keep it in the one savings account?
>>
>> Thanks in advance.
>>
>> robert
>
> Read about 'savings goals' in the Quicken help files. It's a way of
> 'hiding' money without messing out what is really going on under the
> covers so that Q and your bank are in sync, but yet you can sort of 'hide'
> money that's allocated so you see a 'funny balance' (ie: taking into
> account monies you've allocated) which really doesn't exist!
>
> --
> -------------------------------------------------------------
> Regards -
>
> - Andrew
>
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