How setup Q for future expenses?

snipped-for-privacy@privacy.net wrote in news: snipped-for-privacy@4ax.com:

It's a real savings account at one of my banks. I have internet banking there and can easily transfer funds back and forth as desired.

In that case, set up the account just like any other bank account and treat it like an asset. When you actually spend the money classify it to the proper expense category. You might "earmark" the funds for something but you might not actually spend it on that item so the class you give it is meaningless until it actually get spent.

"Laura" wrote in news:8qY5e.59257$ snipped-for-privacy@bgtnsc04-news.ops.worldnet.att.net:

Yup. I find that using classes in this case just lets me keep up with the amount "earmarked" for a particular irregular expense. I'm free to use that "earmarked" cash as needed... and sometimes do. Sometimes I withdraw more than I have set aside in a particular class... which results in a negative balance for that class (the savings account remains flush).

Thus, if I want to rebuild that cash balance back to a particular level, I just incrementally contribute until that class is restored to the pre- determined amount.

This works for me... but admittedly results in excess cash being reserved.

Now while my system is not perfect, it works for me and I have a comfort zone with it. But as mentioned earlier, I would like to spend some time working with Dick W's set-aside solution... but just haven't made the time yet so as to achieve a comfort zone there as well.

Ahh..... I see

Not a bad way to do it

But I was kinda hoping to create pseudo accts in quicken rather than open up more REAL accts.

But I will keep your suggestion in mind

Thanks so much!!