How to track personal allowances and other budgeted pre-designated amounts

jparke1105

Hi. I'm converting my personal finances from Google Sheets to Quicken. In Google Sheets, I have amounts set aside for various purposes, personal allowances, emergency fund, school fund. These amounts are all included in the primary checking account. What is the best way to show the balances and track the transactions for these funds?

bmciance

Check out Savings Goals in Quicken Help:

How to Set Up Savings Goals | Quicken

Tom Young

"However, it would be improved by finding a way to link them to the primary accounts so that the balances are taken directly into account,"

Click the gear wheel over the Accounts Bar and select "Show savings goal transactions in registers and reports."  That will reduce the balance in the Account to show that money is "gone."

bmciance

Check out Savings Goals in Quicken Help:

How to Set Up Savings Goals | Quicken

jparke1105

The savings goal seems like a good way to track these items for now.

However, it would be improved by finding a way to link them to the primary accounts so that the balances are taken directly into account, and that any amount over or under allocated would be reflected in the main account. Is this possible?

For instance:
Checking (unallocated funds): 100
Personal allowance: 50
Total available funds: 150

Tom Young

"However, it would be improved by finding a way to link them to the primary accounts so that the balances are taken directly into account,"

Click the gear wheel over the Accounts Bar and select "Show savings goal transactions in registers and reports."  That will reduce the balance in the Account to show that money is "gone."

jparke1105

Thanks, guys! Very helpful!