Tracking Money in Savings Account

Derek Atkins derek at ihtfp.com
Thu Dec 16 12:30:02 EST 2010


On Thu, December 16, 2010 12:20 pm, Wayne Bird wrote:
>
>> >   * Assets:Bank:Savings
>> >   * Assets:Bank:Savings:Inheritance
>>
>> You don't need this account unless you're trying to track how much of
>> your Inheritance you have left.
>
> Yes, I definitely need to track how much Inheritance I have left!  This is
> where I get confused; I would think everyone who keeps track of their
> finances would want to be able to account for where all there income is or
> has gone.  Why wouldn't you keep track of how much of your Inheritance is
> left?

Let me rephrase this question..  Why is the savings you got from your
Inheritence any more important than the savings you get from, say, your
Salary?  Why do you need to know "I spent $5236 of my $10000 Inheritence"
versus "I spent $5236 of my Savings"?

>> This can just be I:Inheritance -> A:B:Savings (unless you're trying to
>> track your inheritance balance).
>
> Yes, definitely need to track inheritance balance.

Why?

-derek



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