How to reserver money?

[Ralph van Etten]

On Sun, 2005-03-06 at 08:10 -0600, Rod Engelsman wrote:

> >How do you reserve money ? I couldn't find it in the archives and also I
> >don't know if 'reserving' is the proper term. Something like a virtual
> >bank account.
> >
> >Like you want to reserve a certain amount of money each month to go out
> >for dinner. When enough money is 'reserved', it can be used for dinner.
> >
> >I can make an account for this but when I transfer money to this account
> >from my bank account, the bank account isn't correct anymore because the
> >money only leaves the bank account when its used and not every month.
> 
> This was covered just recently. The neatest way to go about it is to 
> create a sub-account *within* your regular checking account for the 
> purpose. That way you can keep track of the "virtual" balances (reserved 
> and non-reserved) and the overall account will still show the actual 
> amount in the account.

But I think you have problems reconceiling the account. The transactions
never took place on the bank account and when you finally pay something
with the reserved money it comes from the bank account and not from the
virtual account so you can't reconceil it.. ?

Ralph.