How do I tell a budget to "ignore" expenses labeled with a certain category?
I have a monthly budget set up that takes in to account my monthly income and my budgeted expenses and all is as I would like it. The rub comes in to the fact that I recently purchased a house and have set aside a few thousand dollars for home renovations and remodeling etc. I was hoping to set-up a completely separate and un-related budget to track expenses taken from this chunk of money.
I have created a new category called "Home Move-In". I would like for my monthly budget to completely ignore anything tagged with that label (current it gets thrown in to the "Everything Else" category. I would then like those transactions to show up in my Home Move-In budget.
My current plan for the Home Move-In budget is to create it as a yearly budget with $XXXX, and then when 2015 rolls around I will just adjust the budget amount to the remainder of my pre-alloted money. However, if anyone can recommend and tell me how to setup a "Virtual Savings Account" or some such thing that would be cool.
The idea is that I have a pre-defined amount of money that can be used for purchases and I need to track those purchases and the "balance" of my budget/virtual account. These purchases (as they are coming from a source other than my monthly salary) should be ignored by my monthly budget and only looked at in the yearly Home Move-In budget / virtual account.
I am very new to Quicken but am trying my best to get familiar with Quicken. Thanks in advance for any help!