Tracking Money in Savings Account

[Wayne Bird]

Derek,

So, since you don't use the budget feature, are you using GnuCash to just track your finances, i.e., just to know where you money goes?

Would you use subaccounts for yearly expenses, i.e., tax payments, insurance payments, and allocate some of your weekly paycheck into those subaccounts, so when the time comes you know you have enough to pay?

Wayne

> From: warlord at MIT.EDU
> To: wrbird at hotmail.com
> CC: gnucash-user at gnucash.org
> Subject: Re: Tracking Money in Savings Account
> Date: Fri, 17 Dec 2010 11:15:08 -0500
> 
> Wayne Bird <wrbird at hotmail.com> writes:
> 
> > Derek,
> >
> >> I guess it depends how you look at it. I don't consider my regular
> >> monthly or weekly expenses to be "future" expenses. They are expenses
> >> that happy regularly, and it's easy to see whether I've spent it this
> >> month or not by just looking at my accounts.
> >
> > Good point, I understand!
> >
> >> To me, a future expense is one that I need to save for over multiple
> >> months, multiple pay periods, like buying a TV, a new Car, a vacation,
> >> etc.
> >
> > Yes, I understand!
> >
> > Do you use the budget feature in GnuCash?
> 
> No, I do not.
> 
> > Wayne
> 
> -derek
> -- 
>        Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>        Member, MIT Student Information Processing Board  (SIPB)
>        URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>        warlord at MIT.EDU                        PGP key available