How to account for combined Rent/Power payment in budget

wcom939
wcom939 Quicken Windows Subscription Member
in Budgeting and Planning Tools (Windows)
Hi everyone,

I live in NYC, and in NYC very often rent and Electric/Gas get combined on the same payment.

While I can create a generic Rent+Power+Gas category, it would really be nice to see the electric/gas breakdown MoM so I can reduce electric usage as needed.

Any suggestions on how I separate a combined payment to two separate categories?

Best Answer

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓
    Why can't you simply split the payment into its components of Rent, Power and Gas?

    Debit (increase) Power Category    $200
    Debit (increase ) Gas Category      $150
    Debit (increase) Rent Category      $900
    Credit (decrease) Checking Account          $1,250
    In the checking Account you enter your payment - payee and amount - then in the Category box you click it and select "split."  On the window that comes up you enter your Categories and amounts.

Answers

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓
    Why can't you simply split the payment into its components of Rent, Power and Gas?

    Debit (increase) Power Category    $200
    Debit (increase ) Gas Category      $150
    Debit (increase) Rent Category      $900
    Credit (decrease) Checking Account          $1,250
    In the checking Account you enter your payment - payee and amount - then in the Category box you click it and select "split."  On the window that comes up you enter your Categories and amounts.
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