Budgeting - Let's decide what we want!

doug foskey lemans4 at dodo.com.au
Tue Sep 2 21:02:51 CDT 2003


On Tuesday 02 September 2003 11:39 am, Derek Atkins wrote:
> "Justin Kelly" <jkelly at bkrrosenbergs.com> writes:
> > Stewart
> >
> > Great proposal, but personally i think it would be much easier just to
> > have a feature that gives you an option to put a monthly budget figure
> > in for each expense/income account in the chart if accounts and allow
> > you to classify accounts into different groups(like your proposal
> > (required, living, fun, etc..)), and have a simple report of actual
> > total of the classified expense accounts versus budget. Personally i
> > find the idea of virtual accounts a bit unnecessary.
>
> How would you fit "savings goals" into this model?  A savings goal
> isn't an expense (although I suppose you could consider it an income,
> but generally it's a portion of Income:Salary).
>
> Also, what about using budgeting as a tool to figure out what would
> happen if you added a particual expense.  For example, "can I afford
> this new car if I have to pay $250/mo, and what would that do to my
> cash flow and savings goals?"
>
> The problem (as I see it) is that if you tie budgetting specifically
> to income/expense accounts then you cannot perform either of these two
> functions.
 > Justin Kelly
>
> -derek

Question from someone who has never checked commercial products out (at least 
not for years): what type of budgetting is available on commercial products 
that is worth considering?

regards Doug



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