Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
  #2  
Old 03-07-2006, 05:47 PM
Jared3
Guest
 
Posts: n/a
Default RE: Is it possible to create 'sub' accounts in a savings account?

I do what I think you are asking about by setting up what I call a "savings"
account. I transfer money from my checking account to my savings account as
necessary. Then when its time to balance the checking account I transfer the
balance to the checking account. I call this transfer "memo transfer to
balance". I balance the savings account as normal. The savings account always
has a zero starting and ending balance with all my transfers as transactions.

After I balance my checking account, I transfer the balance back to the
savings account. I call this transfer "Restart savings account". It's worked
for the last several years for me.
--
Jared3


"JoeMoney" wrote:

- quote -

> In my (long term) savings account, I want to specifically put money aside for
> different "things" (e.g. christmas gifts, new car, TV, vacation, etc).
> Is it possible to do this? How?
> I've thought of creating Ghost Accounts - then in Money moving $$ from
> Savings to a Ghost account for "TV" - but then realized my Bank balance and
> my Money balance for the savings account would always wrong. (!)
> Then I've thought of creating new Categories.. but haven't figured it out.
> Any thoughts.. I think this tool/aspect would be very very useful. I can't
> think I'm the only one who carves out a savings account like this.
> thanks

  #1  
Old 03-06-2006, 01:00 PM
JoeMoney
Guest
 
Posts: n/a
Default Re: Is it possible to create 'sub' accounts in a savings account?

thx

"Dick Watson" wrote:

- quote -

> Money doesn't support subaccounts/cookie jar accounting. Some of us think
> that is to its credit. Others would like to see it implemented.
> See http://umpmfaq.info/faqdb.php?q=112 for one take on subaccounts.
> "JoeMoney" <JoeMoney[at]discussions.microsoft.com> wrote in message
> news:969B3243-0384-4C1D-B844-C10A954D5CAF[at]microsoft.com...
> > Any thoughts.. I think this tool/aspect would be very very useful. I
> > can't
> > think I'm the only one who carves out a savings account like this.

 
Old 03-06-2006, 12:37 PM
Dick Watson
Guest
 
Posts: n/a
Default Re: Is it possible to create 'sub' accounts in a savings account?

Money doesn't support subaccounts/cookie jar accounting. Some of us think
that is to its credit. Others would like to see it implemented.

See http://umpmfaq.info/faqdb.php?q=112 for one take on subaccounts.

"JoeMoney" <JoeMoney[at]discussions.microsoft.com> wrote in message
news:969B3243-0384-4C1D-B844-C10A954D5CAF[at]microsoft.com...
- quote -

> Any thoughts.. I think this tool/aspect would be very very useful. I
> can't
> think I'm the only one who carves out a savings account like this.



  #-1  
Old 03-06-2006, 07:56 AM
JoeMoney
Guest
 
Posts: n/a
Default Is it possible to create 'sub' accounts in a savings account?

In my (long term) savings account, I want to specifically put money aside for
different "things" (e.g. christmas gifts, new car, TV, vacation, etc).

Is it possible to do this? How?

I've thought of creating Ghost Accounts - then in Money moving $$ from
Savings to a Ghost account for "TV" - but then realized my Bank balance and
my Money balance for the savings account would always wrong. (!)

Then I've thought of creating new Categories.. but haven't figured it out.

Any thoughts.. I think this tool/aspect would be very very useful. I can't
think I'm the only one who carves out a savings account like this.

thanks
 

Tags
account, accounts, create, savings
Similar Threads
Thread Forum Replies Last Post
Performance of savings accounts
Money 2005 Deluxe user: One problem that I keep running into with Money is that it has a very clear distinction between investment accounts and checking/savings accounts. ...
Microsoft Money 2 03-31-2006 04:08 AM
Handling of savings accounts and 401k accounts in the budget
E9: I noticed that Money treats money that I contribute to a 401k account or transfer to a savings account as an expense. Basically, the more I...
Microsoft Money 6 03-19-2006 12:44 PM
Unable to create multiple accounts at same bank
mattm: I have several accounts with different numbers at the same bank. I can't find a way to have Money allow me to enter the other account numbers...
Microsoft Money 1 08-16-2004 11:23 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 05:44 PM.