What's the best way in 'Planning'... savings account (SA) transfers vs using SA for subcategories.
I'm trying to establish a long term budget (20+ years, through retirement) and I'm trying to get it as complete as I can. I've established a Medical savings account for unforeseen medical expenses like copays for the occasional clinic visits, as well as for stuff like broken bones and such, using a dollar figure per year that is the average for the past several years, plus a little more.
I can use Planning | Budgets for the transfers into the savings account, no problem. But how do you categorize the actual usage (transfer out) of that savings account for when you need to purchase medical expense items? Won't categorizing them as, for example "Health & Fitness:Medical Supplies" (for tax purposes), cause the budget to be out of balance for the 'Actual'?
I'm doing the same kind of savings account for Catastrophic Emergency Savings, Vehicle Maintenance, Home Maintenance, Vacation, and General Gifts. By using savings accounts, I can earn a little more interest than keeping the money into a general checking account, and it helps with achieving goals. Once a savings account reaches a targeted point, I use that money toward the next higher priority savings account, and so on.
I can't categorize the transfers, which is indeed part of the budget plan. So, how should I go about categorizing the actual purchases when they happen so that they reflect correctly in the Budget Plan?
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