Assigning money to virtual pots of money

SueinOssett

I am using Quicken Classic for Mac. Figures are examples.

Monthly Income = £1000

I want to keep a running total of how much I have in my account, starting figure would be £1000. But I want to assign certain sums of that monthly income to virtual pots of money and keep a running total of how much is in those pots. eg. every month assign to TV Licence virtual pot = £15, Car insurance £50, Car tax £25 etc etc. So the amount left to spend is £1000 - £90 = £910. I want to be able to see the £910 and the total of each virtual pot as the months go on - commulative totals.

I am currently making TV Licence as a bill = -£15, Car Insurance = -£50, Car Tax = -£25. And then creating Income categories of TV Licence = +£15, Car Insurance = +£50, Car Tax = +£25.

Is there a better way of doing this please. Here is an real example of what my accounts look like showing saving up for Amazon Prime and the Bin Cleaner

RickO

I think I would just create scheduled transaction for each bill in the account register. Then you'll be able to see at future dates how much is left in the account after those bills happen by looking at the (future) balance column. If you want to see totals for just one vendor or category, you can set up reports for those. This would be much simpler than creating a bunch of separate "fake" accounts for each. I hope this makes sense. If you need more detail, speak up.