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Posted by Guy Scharf on October 21, 2007, 2:56 pm
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> I will say upfront that I do not use the Budget feature in
> Quicken. I have always found it too complex to set-up. Of course
> I am probably making it more difficult then necessary. :)
Quite possibly. :) It did take me a couple of years to get budgets
working very smoothly. I think I didn't really rely on them until
Q2007. It took a while to determine which expenses were best handled
with budgets and which ones were best handled with savings goals.
> What I am doing in Q2008 is to use more of the TAGS feature to
> consolidate subcategories back into the parent. Although TAGS
> aren't really different then CLASSES in earlier versions, they are
> now easier to work with. About the only place left I still have
> some subcategories is to breakout items for income taxes - I have
> not spent the time to see if consolidating makes sense.
>
> The example for Breakfast, Lunch, Dinner and Snacks is a great use
> for TAGS.
I am using Q2007 so have only a single class I can assign to a
transaction. We use it to distinguish *who* the expense is for--my
wife or myself. In Q2008, I suppose you could do that with multiple
tags, but I am happy with our approach.
Of course, classes/tags play differently in the reports than do
subcategories.
Guy
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