Tracking Money in Savings Account

[Mike or Penny Novack]

I'm going to refer back to the description of the more or less normal 
procedure when one must "track" spending like this (restricted funds). 
Remember how I described subfunds dedicated to certain purposes and 
periodic adjustments between these funds and the unrestricted fund 
(against which all actual checks were written).

Understand what I am saying? Why would you find adjusting once a year or 
once a quarter or even once a month unacceptable? Why would you find it 
necessary to maintain adjustment after each and every transaction? Take 
the "son's college fund" vs "son's college expense". Why would you need 
more detail (as to what was left in the college fund) than enter 
transactions   db: son's college expenses cr: checking as you pay bills 
and then once a quarter (or whenever) enter a transaction db: checking 
cr: son's college fund for whatever the total of those expenses was in 
the quarter.

Michael D. Novack