Tracking Money in Savings Account

[Anthony Dardis]

You can even have your salary transaction (from Income to ...) do this  
split itself, so various bits get allocated to Assents:Bank:New Car,  
Assets:Bank:New TV, etc, and the remainder to the parent account as  
whatever is left over. Then you spend from those subaccounts, as Derek  
suggests.




On Wed, 15 Dec 2010 11:27:12 -0500, Derek Atkins <warlord at mit.edu> wrote:

> Anyways, once you make the transfer into your bank account, from there
> you can use the envelope method to keep track of how much of your Bank
> account is allocated towards future expenses.  So let's say you get paid
> $1000 (post tax).  That $1000 would be a debit into your Bank account.
> Then you can split that $1000 into your envelopes.  So let's say you
> save $100 into Bank:New Car, $100 into Bank:TV, and $50 into
> Bank:Movies.  That could be done with a single Split that would credit
> bank and debit the subaccounts.