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How do I add an account (or transfer) to a budget?

I am new to both Quicken premier 2020 and the Mac version so I'm doubly lost. I need to add a transfer account to my budget. I have my income at full amount, but must deduct the auto 401(k) contribution. How do I do this?

Answers

  • John_in_NCJohn_in_NC SuperUser ✭✭✭✭✭
    All cash and credit (and not investment) accounts are included in the budget. You cannot control this.

    At present, you cannot budget for transfers as technically no spending or income is occurring. The ability to add investment accounts and transfers is on the developer roadmap.

    I do suggest that if you are new to Quicken, you start with a very simple budget. That is, don't try to account for every single income/expense as your budget can become out of hand very quickly and you are apt to abandon it.

    Start with a few key (discretionary) spending categories that you have control over, and set goals for those. Add in new categories as you see fit.

    I think starting small and growing will yield a higher success rate.
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