Tracking Money in Savings Account

[David T.]

Others have used Gnucash to do this. See:
http://www.suburbandollar.com/2009/04/08/budgeting-with-gnucash/

Others have spoken happily about using sub-accounts (one for each envelope) to manage this.

HTH,
David

--- On Mon, 12/13/10, Wayne Bird <wrbird at hotmail.com> wrote:

> From: Wayne Bird <wrbird at hotmail.com>
> Subject: Tracking Money in Savings Account
> To: gnucash-user at gnucash.org
> Date: Monday, December 13, 2010, 4:35 PM
> 
> I'm just beginning to learn Gnucash.  My previous
> finance/budget method has been the envelope system --
> categorizing all monies in my various checking and savings
> accounts and either depositing money or withdrawing money
> from these categories.  Now that I'm using Gnucash,
> I've created asset, income, expense accounts, etc. 
> Currently all my expense accounts are zero since I've just
> set them up.  My asset accounts, i.e., checking and
> savings, have my current balances in them.  However,
> some of those monies have to be allocated to a retirement
> account.  How do I set up a retirement account that
> shows how much I have in that account, but the money is
> actually in my savings account?  A similar question
> would be how to set up an account for saving for a car or
> some other large purchased item?
> 
> I hope all that makes sense and thanks for your help.
> 
> Wayne
>     
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