Tracking Money in Savings Account

[Anthony Dardis]

I do think of things this way. For example: I have some money that is my  
son's "college fund". There isn't much left any more, so it actually  
resides in my wife's savings account. I spend a little from it every  
semester, and I'd kind of like it to stretch over his college career. When  
it runs out, then I know I'm spending new money on his college. I want to  
keep all that activity conceptually distinct from what goes on with my  
wife's savings account.

I think the basic thought has come up in this thread: you have some money,  
it has a certain origin and a certain purpose, but there's not enough of  
it, and not enough activity against it, to justify putting it in its own  
real account, but you still want to keep track of it as if it did. So you  
set up a subaccount, and now you have the two amounts separate. (Going  
back to a different thread here, another purpose for this is just to  
"hide" some cash from yourself so that you know you are covered for  
overdrafts, bigger expenses, etc.)




On Thu, 16 Dec 2010 17:00:43 -0500, FireFly <fireflys_98 at yahoo.com> wrote:

> 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