How do you budget for a future Expense?
vgerhard
Member ✭✭
Example: I have a termite service that bills me on 10/31 every year. I get 26 paychecks every year and need to budget about 15 bucks every pay check. I have this item in my budget but I can't figure out how to get the budget to set the money aside.
Currently I have a termite registry item in my checking account that I add 15 bucks to every pay check so that when the bill comes due I have the money.
Currently I have a termite registry item in my checking account that I add 15 bucks to every pay check so that when the bill comes due I have the money.
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Best Answer
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Have you looked into "Savings Goals"? See Quicken Help for more info.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP1
Answers
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Have you looked into "Savings Goals"? See Quicken Help for more info.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP1 -
Set that category as a rollover.
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use the rollover feature in the budget. Let's say your annual bill is $1200, paid once per year. Budget $100 per month, and set it to rollover. Then, after 1 year, your budget will show that category as $1200 'Under'. meaning you have $1200 in the budget to spend. Once you actually spend the $1200, it zeroes out and you start over.0
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