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How do you budget for a future Expense?

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.

Best Answer

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    Have you looked into "Savings Goals"?  See Quicken Help for more info.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    Have you looked into "Savings Goals"?  See Quicken Help for more info.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Joseph Hanna
    Joseph Hanna Member ✭✭✭✭
    Set that category as a rollover.
  • KnnNike
    KnnNike Member ✭✭✭
    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.
This discussion has been closed.