Well, you should pretty much never have to type it except when setting up
the first classification. "Classification 1", named "Class", is used just
like "Category"--you mess with names like "Food:Groceries", but there is no
place where you type out "Category".

I would think this was a limited technique--once the funds are transferred
into the savings account, the classification that was applied for the
transfer pretty much gets lost. Reporting can still get you there, but it's
a little bit awkward.

"speedlever" <speedlever[at]yahoo.com> wrote in message
news:965b1a76.0309211012.36ee69ad[at]posting.google.com...
- quote -

"Dick Watson" <littlegreengecko[at]mindspring.com> wrote in message news:<e0E#e1DgDHA.696[at]TK2MSFTNGP09.phx.gbl> ...
- quote -

Didn't know that Dick. No matter.. but class is a shorter word to type
than classification. :-)

Does anyone else use this method to keep up with irregular bills? I
wish I had taken some business/finance courses in college, but never
did. I find that I typically find the most difficult way to do
something, then standardize on it. ;-)

You can name "classification 1" as Class (if you like).

"speedlever" <speedlever[at]yahoo.com> wrote in message
news:965b1a76.0309210338.521a3e89[at]posting.google.com...
- quote -

Just a funny thought!

My mother accomplished this 45 years ago, and she passed it on to my wife
and I whwn we got married.

Every payday she would allocate real cah into budget envelopes i fe Green
Budget Box. Each envelope had the amount she needed and the amount she had.
Ecah month she would erase the figures and start over again.

You know I still have the original Grenn Budget Box with some of her
envelopes in it.
Thanks for the education Mom'

"Josh" <joElephanTsh[at]softshell.net> wrote in message
news:eLvgBu8fDHA.632[at]TK2MSFTNGP10.phx.gbl...
- quote -

Josh,

If I understand correctly what you are trying to do, you want to use a
savings account as a holding tank for irregular bills and general
savings purposes. I do the same thing and make a monthly lump sum
transfer from checking to savings that covers a number of "classes."

I originally set this up in Quicken 6 years ago and found it
transferred to Money 2004D (and Q2004D) without a problem. Money uses
the term "classification 1" instead of classes, but it appears to work
in a similar way. At least, that's how my Q classes transferred over
to Money.

What I found works best is to denote every item that goes into that
savings account with a classification. For instance, the lump sum I
transfer every month to savings is split into 10 different
classifications such as auto mx, Christmas gifts, emergency medical,
property tax, etc. I set limits on each classification... they don't
just accumulate indefinitely. When a certain classification reaches
its goal (without being spent down), I redirect the extra to another
classification or reduce the amount being transferred. If/when I need
to spend from a classification, I redirect the extra or increase the
amount being transferred monthly until it's topped off again.

When a bill comes due (such a property tax), I write a check (from
checking) to pay the bill and then transfer the appropriate amount
from savings into checking to cover the check. I do all the transfers
electronically with online banking.

In order for the report to balance with the actual amount in savings,
I put earned interest in a classification too. Thus, the total amount
in savings equals the sum of all the tagged (classified) items. Hope
that makes sense.

To report on this, I use Income and Spending with:
Rows: Classification 1;
Columns:Total Only;
Sort by: Classification 1;
Date:All dates;
Account: restricted to the particular savings account I transfer
to/from;
Classification 1: all checked;
Categories: all checked;

Does that help?

"Josh" <joElephanTsh[at]softshell.net> wrote in message news:<eLvgBu8fDHA.632[at]TK2MSFTNGP10.phx.gbl> ...
- quote -

Quicken has a feature called "sub accounts" that matches pretty much what
you are asking for. Money has no such feature. OTOH, Money does have budget
and cash flow features that try to solve your problem by assuring you don't
spend money just because it's sitting in your accounts rather than trying to
assure you don't spend the money by, in effect, hiding it from you. Some of
us prefer the latter approach, others prefer the former.

"Josh" <joElephanTsh[at]softshell.net> wrote in message
news:eLvgBu8fDHA.632[at]TK2MSFTNGP10.phx.gbl...
- quote -

Hello everyone,

I'm not really sure how to put into words what I'm trying to do, so I'll try
the best I can... My wife and I use our savings account as a general
savings place for everything from future bills that we're saving for (i.e.
quarterly taxes and quarterly bills) to our general "life" savings. What
I'd like to do is be able to "tag" each savings account deposit/transfer
with a certain type of class. Let's say I'd create the following classes:
Real Estate Taxes, Water/Sewer, General Savings and Vacation Fund. The once
each deposit is assigned a class, I could run a report telling me how much
cash I have in each cash, with anything not tagged showing up as extra.

Now I know I can do this using the check ID field, then exporting the Money
file to Excel and running a custom macro (which isn't created yet) on the
exported data - although this seems like to many steps to be useful.

Does anyone have a ideas on how to do this or some other way in which I can
accomplish my goal?

Thanks Everyone!

Josh

Version: MS Money 2003 using online banking