Budgeting prototype

Derek Atkins warlord at MIT.EDU
Fri Sep 5 18:19:32 CDT 2003


phil_longstaff at comcast.net writes:

> I agree.  This is why you would tie your budget to income and expense accounts,
> not assets and liabilities.

But what about "I budget $1500 towards my mortgage"?  That's a
liability, and it certainly needs to be included in a budget.
Similarly, I'm budgeting into an asset in terms of savings goals --
e.g. I put $1200/mo into various savings (asset) accounts.  Those
should be budgetable, too.

> Phil

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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