Managing annual/biannual expenses
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BobBolt1
Member ✭✭
Hi,
I have three large bills that occur on an annual or bi-annual basis. I need to budget for them. So, once a month, I transfer 1/12 of the total into a bank account. When a bill becomes due, the money is paid from that account.
How do I handle the monthly savings and the annual/ biannual expensing transactions in Quicken?
I have three large bills that occur on an annual or bi-annual basis. I need to budget for them. So, once a month, I transfer 1/12 of the total into a bank account. When a bill becomes due, the money is paid from that account.
How do I handle the monthly savings and the annual/ biannual expensing transactions in Quicken?
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Savings Goals under the Planning tab is a great way to hold monies for these types of expenditures and then release the funds when needed. I use for property taxes, special projects and vacation funds.
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Create the savings accounts in Quicken and create reminders to make the monthly transfers to the savings accounts.
Quicken user since Q1999. Currently using QW2017.
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