Earmark fixed percentage of income for charity

Dennis Powless claven123 at gmail.com
Mon Jan 31 20:16:24 EST 2011


Have you looked into on line banking?  I use ing.com which allows multiple
accounts.
On Jan 31, 2011 7:28 PM, "Mike or Penny Novack" <stepbystepfarm at mtdata.com>
wrote:
>
>>
>> John, thanks. This is what I was trying to get at when I posted the
>> question. I got this same suggestion off-list from someone else, who
>> also pointed out the caveat that the Expenses:Charity account will not
>> necessarily reflect how much you actually gave to charity in a given
>> period, only how much you were supposed to give.
>>
>> Regards,
>> Aryeh Leib
>
> Did you mean to say this? Or are you confused?
>
> The Expenses:Charity account should hold the ACTUAL donation
> transactions and so will reflect what you actually donated.
>
> If you "reserve" a portion of your income that amount is NOT an actual
> donation until you make the donation (at which point you "unreserve" the
> amount of the donation)
>
> Michael
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