[GNC] How to track Family expenses ?

[Maf. King]

I have different GC files for me, wife and family.  it can be more work in data 
entry, especially if I use a different credit card (not the one "reserved" for 
family spending), but it avoids a lot of the confusion about things. 

 I am an income account in the family file, and family is a single expense 
account in my personal books.

0.02
Maf.


On Thursday, 12 March 2020 09:13:39 GMT Long wrote:
> Hello,
> 
> Explain :
> I want to track how much i or my wife spent for our family. So, I had
> "Expense:Family" and "Assets:Family" account, we (me and my wife) will
> transfer money when i or her buy foods for our family.
> 
> Example :
> *Assets:
> - Me
> ---- Checking
> ---- Cash
> - Her
> ---- Checking
> ---- Cash
> - Family
> *Expenses:
> - Family :
> --   Food :
> 
> Step 1 : We transfer "Assets:Family" to "Expenses:Family:Food".
> Step 2 : If that bills are from me (pay with Checking), i will transfer my
> money to "Assets:Family" from "Assets:Me:Checking".
> That practice made easier to track how much money i (or my wife) spent for
> our family.
> 1 - Know how much money "each persons" pay for family
> 2 - Know Total "Family expenses".
> 
> And 2 more questions :
> 1-  if i bought foods with my credit card, what should i do ?
> Should i transfer from "Credit Card" to "Foods" ? then i will make a payment
> to "Credit Card" from "Assets:Family", and then transfer my money from
> "Assets:Me:Checking" to "Assets:Family" ?
> 2 - Should i place "Family" account to make expense in Assets or in
> Liability ?
> 
> Regards.
> 
> 
> 
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-- 
Maf. King
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