Managing annual/biannual expenses

BobBolt1

Hi,
I have three large bills that occur on an annual or bi-annual basis. I need to budget for them. So, once a month, I transfer 1/12 of the total into a bank account. When a bill becomes due, the money is paid from that account.
How do I handle the monthly savings and the annual/ biannual expensing transactions in Quicken?

GeoffG

Savings Goals under the Planning tab is a great way to hold monies for these types of expenditures and then release the funds when needed. I use for property taxes, special projects and vacation funds.

mshiggins

Create the savings accounts in Quicken and create reminders to make the monthly transfers to the savings accounts.