Tracking Money in Savings Account

[Dennis Powless]

Would Dave Ramsey approve?  I think so.  Free software, that helps
track spending and can (in some ways) support his envelope system.

I bet if someone turned him onto this software he would make it so
popular it would be out of control.

Nice.

Dennis


On Tue, Dec 21, 2010 at 11:39 AM, Anthony Dardis <adardis at gmail.com> wrote:
> Also for the record, this thread gave me exactly what I needed/wanted to
> keep track of some dedicated funds that live in a savings account with some
> other money, so this particular way of using GnuCash is genius as far as I'm
> concerned.
>
>
>
>
> On Tue, 21 Dec 2010 11:03:43 -0500, Derek Atkins <warlord at mit.edu> wrote:
>
>> John,
>>
>> "John Layman" <john.layman at laymanandlayman.com> writes:
>>
>>> This thread has confirmed a timeless verity" "When your only tool is a
>>> hammer, every problem looks like a nail."
>>>
>>> The cautionary corollary, of course, warns that if you're comfortable
>>> wielding your hammer, you'd better watch that you don't keep hammering
>>> away
>>> when you have some other tool in hand.
>>>
>>> As a former Microsoft Money user, I know that force fitting the envelope
>>> concept onto its accounts-and-categories data model would be like driving
>>> nails with a bench vise.   GnuCash has a more flexible data model, but it
>>> would require bending and twisting the software completely out of shape
>>> to
>>> force fit envelopes onto it.  The issue here is not merely one of failing
>>> to
>>> understand the proper use of the tool, it's a failure to clearly think
>>> through the problem to be solved.  If you insist on viewing a problem
>>> only
>>> through the lens of a pre-conceived solution, you're unlikely ever to
>>> really
>>> understand (or solve) the problem.
>>
>> Just for the record, GnuCash does have some features that encourage
>> envelope-based budgeting.  In particular, the reconciliation process
>> includes a "Include Subaccounts" switch, and there's also the "Open
>> Subaccounts" menu option to open a register subtree.
>>
>> So to make it clear, you don't have to bend and twist GnuCash too hard.
>>
>>> Please remember to CC this list on all your replies.
>>> You can do this by using Reply-To-List or Reply-All.
>>
>> -derek
>
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