Tracking Money in Savings Account

[FireFly]

> From: Wayne Bird <wrbird at hotmail.com>
> I guess it's because I'm anal about everything.  I
> want to know exactly where my paycheck went.  If I get
> a $5000 bonus for work, I want to know exactly how I spent
> that specific money.  Let's say my wife receives
> $10,000 inheritance, I need to account for each cent that
> was spent and where it was spent.  My wife receives
> money from relatives, gifts and such, I can't just lump that
> money in our savings account and call it our savings (I
> would like to because I'm the spender in the family). 
> Does this help in seeing my perspective?  Maybe I have
> to use the subaccounts for everything.

So, my question (more curiosity than anything else)

Lets say you got $2000 in your net pay, and you got a $2000 gift from someone, and then you went and got a big screen TV that cost you $2000, does it matter which $2000 you spent on the TV, or simply that you got a $2000 gift, you got $2000 in salary, and you spend $2000 on the TV?

If it matters where it came from, for how long does it matter? Do you restrict yourself to paying for certain things with certain sources of income?

- James Duerr

E-mail: FireFlys_98 at yahoo.com
---------------------
Discover a lost art - play Marbles. May 2004
www.marillion.com


--- On Thu, 12/16/10, Wayne Bird <wrbird at hotmail.com> wrote:

> Subject: RE: Tracking Money in Savings Account
> To: derek at ihtfp.com
> Cc: warlord at mit.edu, "Gnucash User" <gnucash-user at gnucash.org>
> Date: Thursday, December 16, 2010, 9:52 AM
> 
> Derek,
> 
> Great questions!  This is helping me see things from
> your, and obviously others, perspective.
> 
> > 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"?
> 

> 
> > > Yes, definitely need to track inheritance
> balance.
> > 
> > Why?
> 
> See above.
> 
> Wayne
> 
> 
> 
> 
> > Date: Thu, 16 Dec 2010 12:30:02 -0500
> > Subject: RE: Tracking Money in Savings Account
> > From: derek at ihtfp.com
> > To: wrbird at hotmail.com
> > CC: warlord at mit.edu;
> derek at ihtfp.com;
> gnucash-user at gnucash.org
> > 
> > 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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